Showing posts from November, 2017

Share India Securities reports strong half-yearly results

Net Profit at Rs 6.48 crore
Total Revenue at Rs 58.25 crore Share India Securities Ltd, a leading knowledge and technology driven stock broker based in Delhi,has reported strong financial performance in the six months period ended 30 September 2017. The Company’s net profit for the first half of FY18 stood at Rs. 6.48 crore and total revenue stood at Rs 58.25 crore. The Company had reported Net Profit of Rs 8.08 crore and total revenue of Rs 110.14 crore in the last fiscal ending March 31, 2017. During the current financial year in the first half Share India significantly improved its EBITDA and NET Profit margins which stood at 27.06% and 16.23% respectively.  In the last fiscal the company had posted 16.23% EBITDA and 11.25%Net Profit margins.

Financial Highlights

H1FY18- 6 months ending 30 Sept 2017 (in Lakh) FY2017 – 12 months ending 31 March 2017 (In Lakh) Total Revenue 58,25,52,499.99 110,14,10,068.1 PAT 6,48,53,082 8,08,51,201.24 PBIT 9,45,72,570 12,39,57,418

RKEC Projects H1FY18 Net Profit rises 400% to Rs 10.77 cr

Total Revenue up 151% to Rs 122.88 cr
BOD declares 10% interim dividend to the existing shareholders of the company
RKEC Projects Limited, a diversified infrastructure company based in Vishakhapatnam, has announced its financial results for the first half of FY2018.
The Company’s net profit for the first half of FY18 rose 400% to Rs. 10.77 crore compared to Rs 2.68 crore posted in H1 of FY 17.
The Company’s total revenue grew by 151% to Rs. 122.88 crore for the first half year ended September 30, 2017 compared to Rs. 81.54 crore posted in H1 of FY 17.
The EBITDA for the 1st Half  of FY18 stood at Rs 19.82 Cr compared to Rs 4.68 Cr for the H1 of FY 2017 showing a sequential growth of 423%.  The EBITDA margin for First Half of FY 2018 stood at 16.12 % and the Net Profit margin was 8.76% compared to 5.75% EBITDA Margin and 3.29%. Net profit Margin of First Half of FY 2017.
Commenting of the financial performance Mr Radhakrishna Garapati, Chairman and Managing Director, RKEC Projects Limited…

Share India Securities Script included in the BSE Group 1

The script is one of the only four SME stocks, out of 209, to be included in this group.
Mumbai, November 7, 2017.  The script of Share India Securities Ltd, a leading knowledge and technology driven stock broker, has been included in the BSE Group -1 securities by Bombay Stock Exchange as per SEBI guidelines.  The script will now be able to avail margin funding facility at eligible broker terminals.
Share India Securities Script (BSE code 540725), which was listed on BSE SME platform on 5th of October 2017, has touched an all-time high of Rs 64.80 as against the IPO price of Rs 41.
“Margin is essentially an additional fund that you take to get more leverage in your investments. Share trading on margin allows you to purchase a greater number of securities than you would have been able to purchase with cash only, thereby giving you more exposure to the market and offering the possibility of greater returns. We are happy that Share India Securities Ltd.'s script is part of BSE Group 1 …

Share India recommends BUY Trident Ltd for a target of Rs 150

Share India Securities Ltd, a leading knowledge and technology driven stock broker,recommends buying Trident Ltd shares for a target of Rs 150 in the next 1 year.
 Share India says “Trident reported its Q2 FY18 results which were in line with our expectations given GST teething problems and implementation issues for the same. The revenue was flat y-o-y at INR 11,549mn (vs. 11,600mn in Q2) – without any excise duty effect. On a segment basis the revenue for both Textile and Paper business was flat. PAT was however, below our expectations with reported figure at INR 493.9mn (vs. our expectation of INR 756mn). The drop in PAT was mostly due to higher COGS which led to lower gross margin.
The textile business which has significant geographic dispersion was majorly impacted with segment profit dropping approximately 40% y-o-y for Q2 FY18. Trident also saw considerable increase in trade receivable (up 20% 6M FY18) and drop in inventories (down 30% 6M FY18).
We attribute increase in raw mater…

Share India recommends BUY Rama Steel and Tubes Ltd for a target of Rs 240

Share India Securities Ltd, a leading knowledge and technology driven stock broker, recommends buying Rama Steel and Tubes Ltd, for a target of Rs 240 in the next 3-6 months. Rama Steel in its JV – Pir Panchal Construction Pvt Ltd. (PPCPL) – wherein it holds 25% stake – has won orders worth INR 2,880mn for supply and erection of transmission lines for rural electrification. The order has been awarded by Uttarakhand Power Corporation Ltd. and Himachal Pradesh Electricity Board. Orders are stated to be executed in next 24 months. Share India expect better results from the company in future and FY18E/19E EPS of INR 9.5 and INR 12 respectively. Share India recommends a BUY on the stock with a price target of INR 240 (20x FY19E EPS). The stock is a candidate for re-rating as higher demand leads to better revenue and per unit realization. About Share India Securities Ltd Share India Securities Ltd, engaged in the business of equity broking, investing and trading activities for the last 24 y…