Microsoft
PowerPoint - WABCO-TVS India - Early Signal Stock
Review ...
11 Sep 2009 ... of air-assisted and air brake systems for commercial vehicles in India ... at an attractive valuation of 11.1x its FY11E EPS of Rs. 30. ...
http://myiris.com/shares/research/SFSPL/WABNDIA_20090911.pdf
(Microsoft
Word - Escorts ltd Escorts Ltd Sep09 Results Updated ...
13 Jan 2010 ... to FY11E. Share Holding Pattern: V.S.R. Sastry. Vice President .... The growth of the Indian middle class along with the growth of the economy ... Sales of cars and commercial vehicles have been impacted due to global ...
http://myiris.com/shares/research/firstcall/ESCORTS_20100113.pdf
Clutch Auto Ltd
18 Jan 2010 ... to the commercial vehicle and tractor segment in. India. It is also India's largest exporter .... 12.42 x for FY10E and FY11E respectively. ...
http://im.sify.com/sifycmsimg/jan2010/Finance/14927999_Clutch_Auto_Dec09.pdf
(Microsoft Word - Amara Raja batteries ltd Sep 09 Results Updated
...
11 Dec 2009 ... earnings of FY10E and FY11E respectively. ... commercial vehicle manufacturer in the world. The Indian automobile market is ...
http://im.sify.com/sifycmsimg/dec2009/Finance/14923521_AmaraRajaBatteries_Sep09_Results.pdf
TRF
Ltd.
9 Feb 2010 ... base in India and China to cater to the axle market of South ... coming from Tata Motors for their heavy commercial vehicles and trucks (including World .... increased our Revenues & APAT estimates for FY10E & FY11E. ...
http://www.business-standard.com/pdf/trf_190210_01.pdf
Tata
Motors
27 Nov 2009 ... trades at an EV/E of 11.5x FY11E. Valuations are ..... A look at TML's Korean M&HCV (Medium & Heavy Commercial Vehicle) subsidiary, Tata Daewoo ... that is prone to similar cyclicity as India and its vehicle products ...
http://www.business-standard.com/pdf/tata_motors_021209_01.pdf
Tata Motors – BUY
2 Mar 2010 ... 10x FY11E. 8. Other Investments. 80% of book value ... and ensure accuracy of data however, India Infoline and/or any of its affiliates ...
http://content.indiainfoline.com/Admin/ResearchPdf/1809607773_LS_Tata_Motors_Q3FY10_Consol.pdf
Automobiles - Budget Impact
2 Mar 2010 ... During December 2008 to February 2009, Government of India had reduced the ... of commercial vehicles. Fleet operators have seen stable freight rates ... FY11E. FY12E. Bajaj Auto. 2194018. 2806575. 3156537. 3478708 ...
http://content.indiainfoline.com/Admin/ResearchPdf/1774075305_LS_Auto_budget_impact_020310.pdf
State Bank of India (SBI)
State Bank of India, the largest commercial bank in India reported results for ... lender will be the preferred financier for the entire range of vehicles .... Earning per share (EPS) of the bank for the earnings of FY10E and FY11E is ...
http://www.moneycontrol.com/news_html_files/news_attachment/2010/SBI.pdf
Maruti Suzuki India Ltd. BUY
45% of industry turnover; while commercial vehicles accounted for 27%. The balance was attributed to two wheelers and three wheelers. Indian ...
http://www.moneycontrol.com/news_html_files/news_attachment/2010/Maruti - Hem.pdf
Hero Honda Result Update - Q3FY10
1 Feb 2010 ... It has already sold 33.4 lakh vehicles in the domestic market in ... Motorcycles and Scooters India (HMSI) planning to enter the 100cc space in FY11. ... estimates) – 1442 (13x its FY11E estimates) band with a target of ...
http://www.hdfcsec.com/CMT/Upload/ArticleAttachments/Hero Honda Result Update Q3FY10.pdf
Auto Components Sector Report.pmd
which valuations are reasonable at 11-16 times FY11E earnings. ...... Bharat Forge was badly hit by the slump in India's commercial vehicle (CV) sales in ...
http://hdfcsec.com/CMT/Upload/BannerFiles/Auto Components Sector Report.pdf
MK_Morning Note_241209.pmd
assets of GE Transportation Financial Services, part of the Indian operations of General Electric (GE), ... will help the south-based financier of commercial vehicles and ... FY11E. FY12E FY10E FY11E FY12E. MKSL. 34472 39976 46703 ...
http://www.mangalkeshav.com/Admin/docs/Mangal Keshav_Morning Note_241209.pdf
PowerPoint
Template
FY11E. Potential for upgrade to FY11 earnings. Source : Bloomberg ... and commercial vehicles increased to 10% from existing 8% ...
http://www.mangalkeshav.com/DownloadPDF/MKSL_Budget_2010.pdf
Results Preview_Jun09.pmd
Indian automobile sector, barring medium and heavy commercial vehicles (MHCV), has shown a strong ... FY11E FY10E FY11E (Rs) upside (%) ...
https://www.pincmoney.com/Upload/AutoResultsPreviewJun09.pdf
BHARAT
EARTH MOVERS LIMITED (BEML)
BEML, Kamaz Vectra sign MoA to develop commercial vehicles .... On the basis of EV/EBDITA, the stock trades at 13.95x and 13.21x for FY10E and FY11E ...
http://www.valuenotes.com/Firstcall/fce_BEML_05Mar10.pdf
First
Page - EKC
FY11E. Net Sales. 5287.41. 7150.25. 9329.65 12211.57. Sales Gr ... Growth opportunities with capacity expansion - India: EKC has ..... government mandating conversion of commercial vehicles in certain cities in CNG. There has been ...
http://www.valuenotes.com/skp/skp_EverestKanto_03Dec08.pdf
Hero Honda Motors Ltd
FY11E. 11 new model launches over the next 13 months .... Commercial vehicles. Tw o-w heelers. Three-w heelers. The Indian motorcycles industry consists of ...
http://www.antiquelimited.com/Hero Honda - Initiating Coverage ( Amish Shah ).pdf
Bajaj Meet.pmd
From the balance 13 million motorcycles, 10 million is for Indian bikes and the ..... Commercial Vehicle business: Mr. R C Maheshwari – CEO (Commercial ...
http://www.antiquelimited.com/pdf/Bajaj_Auto_-_Creating_brands_through_differentiated_products!.pdf
COMP ANY REPOR T
between FY09E and FY11E. Based on a terminal growth rate of 4%, the fair value of ..... India has around 2.2 mn commercial vehicles on its roads. ...
http://cumminsindia.com:8080/xsql/cumminsIndia/CIL/PDF/analyst/edelweiss_sep02.pdf
Microsoft
PowerPoint - MID@S - MARG
commercial/ residential real estate. The listed entity has the EPC business, ... FY09-FY11E. On the back of completion of its Phase I (5.2 Mtpa) of its Karaikal .... As an all-weather port strategically located on eastern coast of India ...
http://d.yimg.com/kq/groups/11694532/1232360862/name/Marg.PDF
Untitled
FY09 FY10E FY11E FY10E FY11E FY10E FY11E. (Rs). ^Year CY instead of FY ..... M&M is a leading maker of tractors and utility vehicles in India. ... Further, its investments with world majors in passenger cars and commercial vehicles ...
http://d.yimg.com/kq/groups/11694532/1117703887/name/Sharekhan Value Guide.PDF
LSE
Securities
is the 2nd largest financier of Commercial Vehicles in the country. .... for financing its vehicles on an all India basis and ...
http://www.lse.co.in/LseAdmin/crpdf/Equity1901667206.pdf
CD Equisearch Pvt Ltd
13 Feb 2010 ... robust growth estimates made by CSO for the Indian Economy also underpinned sentiment. ..... of commercial vehicles rose over two-fold during last month to 53447 units. .... P/E on FY11E earnings works out to ...
http://www.cdequi.com/reports/Weekly_Report_13th_Feb_CD.pdf
Bilcare
Ltd - Initiating Coverage
9 Dec 2009 ... down its leverage to 0.4x in FY11E from the current 1.8x. ... business and a stable domestic business, BILC offers a good vehicle to play the market ... With nearly a third of the Indian pharmaceutical market (valued at ~ Rs 350 .... commercial launch to happen in 4QFY10E‐1QFY11E in the price‐range ...
http://www.bilcare.com/pdf/bilcare_ltd-initiating_coverage.pdf
J K
Industries (JKIND)
production, a key demand driver for commercial vehicles. 2. Capacity expansion programs of almost all Indian automobile companies ...
http://content.icicidirect.com/mailimages/JK Industries.pdf
JSW
Steel (JINVIJ)
30 Jan 2008 ... Indian steel sector has shown one of the highest growth rates in Asia .... FY11E. FY12E. ('000). Passenger Vehicles. Commercial Vehicles ...
http://content.icicidirect.com/mailimages/JSW Steel_Report.pdf
RICO AUTO INDUSTRIES LTD.
Rico Auto is one of the leading player in the Indian auto ancillary sector. .... yoy in FY10E and 9%+ & 5%+ in FY11E respectively on the back of the .... batteries, engineering services for vehicle safety, and powertrain .... information &/or (b) been engaged in any other transaction, commercial or otherwise, ...
http://www.technoworld.in/technolive/livearticles/Company_Report/Rico_Auto-Techno_Research_Report.pdf
Phillips Carbon Black
9 Oct 2009 ... at Rs 106 (4x FY11E PAT of the division) and power business at Rs 156 (based ... boom as the Indian government sharpens its focus on improving the ... whereas the commercial vehicle (CV) segment grew by 14% (see Fig 3). ...
http://dsij.in/productattachment/BrokerRecommendation/PhillipsCB.pdf
AN
INDIAN ODYSSEY…
FY11E. Net Sales. 96277 108046 126491 145416 160677. YoY Gr.(%) ..... Medium and Heavy Commercial vehicles. The Indian MHCV industry is a classic case of ...
http://www.realmantrasecurities.in/pdf/120.pdf
Company Focus
BEML Ltd.
6 Aug 2009 ... per cent CAGR over FY09-FY11E and ROE to increase by ... refinance 60 per cent of commercial loans for public private partnership projects within 15 ..... BEML's rugged and all-terrain state-of-the-art vehicles and equipment are ... BEML supply ~500 railway coaches to Indian Railways every year and ...
http://www.smartinvestor.in/BSCMS/PDF/beml ltd..pdf
Auto Sector-030310.p65
was led by the Utility Vehicles (UV), Light Commercial Vehicles (LCV) and ..... We remain positive on the Indian Auto Sector. We estimate overall Auto ...
http://web.angelbackoffice.com/research/archives/fundamental/company_reports/Auto Sector Update - February 2010- 02-03-10.pdf
Investing
in India
India is one of the largest two wheeler and commercial vehicle market in the ..... India is expected to be 2nd largest wireless market by FY11E with highest ...
http://www.in.kpmg.com/TL_Files/Pictures/Investing.pdf
HDFC Bank Ltd.
FY11E. Interest Income (Rs). 101170.4. 163140.2. 227080.2. 310550.7. % Growth .... manufacturing companies in the Indian corporate to small & mid-sized ... commercial and transactional banking services, including working capital ... Textiles, Engineering, Construction and Vehicles were the pioneer sectors ...
http://122.166.49.84:89/consortiumnew/Admin/reports/RR060920094.PDF
Auto
sales update-Jun09.pmd
The Indian automobile sector continued to post a positive growth in sales across all segments except for the medium and heavy commercial vehicles segment ...
https://pincmoney.com/Upload/June09AutoSalesUpdate.pdf
Time Technoplast Ltd. (TTL)
demand of Indian customers & further to fill the need gap for global customers TTL has ... Plastic Fuel Tanks (PFT) for non commercial vehicles ...
http://myiris.co.in/shares/research/firstcall/TIMTECHN_20091218.pdf
INDU_Mar09_Result
Update.FH10
11 May 2009 ... FY09E FY10E FY11E FY12E. Gross margin. Net margin ... into hyper-drive with high rates of growth in China, India and developed .... including but not limited to, the participation or investment in commercial banking ...
http://alphabetacm.com/Results\INDU_Company Update.pdf
Microsoft
PowerPoint - Union Budget-2010-11-Feb-10-EDEL (First Cut)
26 Feb 2010 ... FY11E for PSU banks to maintain Tier Positive for PSU banks .... + ve commercial vehicles .... across India and across all categories ...
http://www.edelweiss.in/cas/images/pow/EDELBUDGET.pdf
COMPANY REVIEW
commercial vehicle will have to comply with China III emission standard. ..... Australian cents for FY10E and FY11E, driven by the ...
http://www.advancedengine.com/pdf_library/KGI_Asia_Research_Report_June08.pdf
Layout 1
the GoSL and India. Expected to be completed in 2012. Colombo Port Expansion .... selected categories of consumer goods including motor vehicles and electrical goods have resulted in a 32% drop in .... e market is still trading at 14x FY10E and 10x FY11E earnings which we .... Commercial Bank of Ceylon PLC ...
http://www.jksb.keells.lk/newjksb/research\JKSB Market Strategy.pdf
Research Reports: Research on Indian Large Cap and
Mid Cap Stocks ...
20 Nov 2008 ... FY11E ... power in India at 45000 MW. The technical potential, at 20% grid ... account of an enabling and conducive policy framework for commercial wind .... specialised vehicles that are used to transport bulky rotor ...
http://0101.netclime.net/1_5/243/17d/339/Suzlon Energy Equity Nov08.pdf
Yearly
Pick.cdr
After seeing the worst ever yearly fall in the year 2008, Indian equity markets staged a .... The company is leading manufacturer of commercial vehicle tyres .... Dishman expects revenue worth US$10mn in FY11E from its Hypo facility. ...
http://jkinvestment.in/outlook-2010/Anagram 2010.pdf
Microsoft PowerPoint - Post Budget-Feb-10-EDEL [Compatibility
Mode]
India's deficits and debt burden high at the moment; but, so is the case for .... + ve commercial vehicles ... FY11E for PSU banks to maintain Tier. I ratio of 8% ... 480 bn in FY11E. Neutral. Allocation to power sector increased ...
http://www.edelcap.com/CMT/Upload/ArticleAttachments/Post_Budget-FY11-EDEL1.pdf
Hindusthan
National GIass & Industries Limited
FY11E. FY12E. Operating income. 10441 13527 14583. 16894 19590 .... According to a report, the Indian wine market has been growing at over ...... (passenger vehicles, commercial vehicles, two-wheelers and three-wheelers) increased ...
http://www.hngindia.com/analyst_report.pdf
Indian Shipbuilding Industry - Research Report :
PPFAS
commercial & offshore support vessels ranging from Very Large Crude ..... dynamic positioning vessels & other multipurpose vehicles. Since its ..... The scrip is trading attractively at 12x FY10E and 8x FY11E EPS. We ...
http://www.ppfas.com/pdf-docs/research/research-reports/2008/shipbuilding-sector.pdf
Microsoft PowerPoint - FMG IOF L2 July 09 New Design2
investment vehicle to benefit from special opportunities that do not fit into the FMG ... The Indian markets fell more than 60% during 2008 while the rupee also .... 214% FY10E, 32% FY11E. The company is the holding company for one of ...
http://www.fmg.se/web/home.nsf/oppslag/LWIN-7WCR4X/$file/FMG IOF L2 July 09 New Design2.pdf
for
download - Online Share Trading Portal India,
Stock Brokers ...
The automobile sector in India has witnessed a substantial improve- ment in demand, especially in the passenger car and commercial vehicle segments, and the ...
http://www.sharekhan.com/downloads/ValueGuide_Sep2009.pdf
Economic & Market Outlook 2010.cdr
16 Dec 2009 ... of the same may have a temporary impact on the Indian market. .... Increase in availability of finance for 4 wheelers and commercial vehicles ..... earnings growth through FY11E, with an improved margin outlook. ...
http://www.ingim.co.in/Downloads/Documents/Economic & Market Outlook 2010.pdf
Orange View Sep'09.cdr
Commercial vehicles sales are expected to register YoY growth towards ..... ING Investment Management, India has not independently verified all the ...
http://www.ingim.co.in/Downloads/Documents/ING IM Orange View Sep'09.pdf
IndusInd Bank Limited
IndusInd has a high exposure in the commercial vehicle financing ... Currently, IndusInd Bank is trading at 1.5x its FY11E adjusted book ... leading leasing finance and hire purchase companies in India merged with the bank and set in ...
http://www.indusind.com/downloads/IndusInd Bank - Initiating Coverage.pdf
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