Kompella Investment Adviser September 2015 Edition

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I NVESTMENT A DVICE Kompella Portfolio THE POWER OF EQUITY INVESTMENTS IN THE LONG RUN Vol. XXVIII, No.9, SEPTEMBER 2015 ISSUE India’s No.1 Investment Magazine, Since 1987. Finolex Cables ONGC For Free Sample Copy & Subscription visit : www.investmentadvice.in Suryalakshmi Cotton J&K Bank Price : ` ` ` ` `45/- City Union Bank DR VISHAL SIKKA, CEO & MD INFOSYS INFOSYS - AN INVESTMENT OF RS.9,500/- IN 1993 IS VALUED AT RS.5.68 CRS TODAY

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Indian Stock Markets Investment Journal for Investment Scripts based on Performance analysis.

Transcript of Kompella Investment Adviser September 2015 Edition

Page 1: Kompella Investment Adviser September 2015 Edition

IN V E S T M E N T ADVICEKompella Portfolio

THE POWER OF EQUITYINVESTMENTS IN THE LONG RUN

Vol. XXVIII, No.9, SEPTEMBER 2015 ISSUEIndia’s No.1 Investment Magazine, Since 1987.

Finolex Cables ONGC

For Free Sample Copy & Subscription visit : www.investmentadvice.in

SuryalakshmiCotton J&K Bank

Price : ` ` ` ` `45/-

City Union Bank

DR VISHAL SIKKA, CEO & MD

INFOSYS

INFOSYS - AN INVESTMENT OF RS.9,500/- IN 1993 IS VALUED AT RS.5.68 CRS TODAY

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Page 3: Kompella Investment Adviser September 2015 Edition

COVER STORY

KOMPELLA PORTFOLIO INVESTMENT ADVICE3

SEPTEMBER, 2015

INFOSYS - AN INVESTMENT OF RS.9,500/- IN 1993 IS VALUED AT RS.5.68 CRS TODAY

Financial HighlightsConsolidated results for the quarter ended June 30, 2015• Revenues were Rs.14,354 crore for the quarter ended June30, 2015QoQ growth was 7.0%YoY growth was 12.4%• Net profit was Rs.3,030 crore for the quarter ended June30, 2015QoQ decline was 2.1%YoY growth was 5.0%•Liquid assets including cash and cash equivalents, available-for-sale financial assets and government bonds wereRs.30,235 crore as on June 30, 2015 as compared toRs.32,585 crore as on March 31, 2015Other Q1 Highlights• Volume growth of 5.4%• 6 large deals signed with TCV of $ 688 mn• Added 79 clients• Utilization (excluding trainees) expanded 160 bps to 80.2%• Quarterly annualized attrition at 14.2% compared to 23.4%in Q1 15Business HighlightsInfosys made significant client additions this quarter, includingsix large deals, each greater than USD$50 million in totalcontract value. It continues to focus on strengthening clientrelationships and delivering new and innovative solutions.Client wins• This quarter, it has signed a multi-year agreement withDeutsche Bank encompassing bespoke development,application maintenance services, digital and mobility services,package implementation, and testing services. Infosys is nowa strategic partner under Deutsche Bank’s Supplier PartnershipProgram.• Selected as a strategic partner by Allied Irish Banks, p.l.c.(AIB), a financial services group operating predominantly inthe Republic of Ireland and the U.K. As part of this engagement,Infosys will provide application development and managementservices, along with transformation and innovation services.It will also set up a 200-seat facility in Dublin to house thestaff who will be transferred from AIB.• Won a multi-year contract with ServiceFirst, an internalshared service of the Australian State of New South Walesorganization. The total commercial value of the deal is US $76million and will include BPO and SAP services.

• This quarter, it has completed the implementation of Infosys SmartOilfield Services Solution for SAP ERP at FTS International (FTSI), thelargest private well completion company in North America. This will enablethe company to achieve a significant milestone in its strategic businesstransformation. Within 14 months, it has helped FTSI implement 15 SAPmodules across 20 locations for over 1,400 users, thus enabling thecompany to improve operating metrics and to leverage an upgraded ITplatform for future growth.

FH (in crs) 30.06.15 30.06.14 % CH 31.03.15 31.03.14 %CH(3M) (3 M) (12 M) (12 M)

Capital 1144.00 286.00 300.00 572.00 286.00 100.00R&S 54191.00 47244.00 14.70 54191.00 47244.00 14.70Networth 55335.00 47530.00 16.42 54763.00 47530.00 15.22Return on Nw 5.48 6.07 -9.72 22.51 22.40 0.49B.V. (Rs.) 241.85 830.94 -70.89 478.70 830.94 -42.39F.V. 5.00 5.00 - 5.00 5.00 -T.I. 14354.00 12770.00 12.40 53319.00 50133.00 6.36O.P. 3447.00 3211.00 7.35 13832.00 12041.00 14.87PBT 4205.00 4040.00 4.08 17258.00 14710.00 17.32Tax 1175.00 1154.00 1.82 4929.00 4062.00 21.34PAT 3030.00 2886.00 4.99 12329.00 10648.00 15.79EPS (Rs.) 13.24 50.45 -73.76 107.77 186.15 -42.11DPS (Rs.) 59.50 63.00 -MP (Rs.) 1111.05P/E Ratio 20.98PAT margin 21.11 22.60 -6.59 23.12 21.24 8.85OP margin 24.01 25.14 -4.49 25.94 24.02 7.99

(Consolidated)

Infosys Ltd. has again issued 1:1 Bonus in 2015. It has created enormouswealth to the investors’ during the last 22 years. An investment of Rs.9,500/- in IPO in1993 is valued at Rs.5.68crs today. That is the power of equity investments in the longrun. Meanwhile, it has reported encouraging working results for the first quarter ended30th June, 2015. For the quarter, the Total Income has increased by 12% from Rs.12,770crsto Rs.14,354crs while the Operating Profit has increased by 7% from Rs.3,211crs toRs.3,447crs and Net Profit by 5% from Rs.2,886crs to Rs.3,030crs. The EPS for thequarter is Rs.13/-. “I am very pleased with our performance in the first quarter. Ourefforts in redesigning our clients’ experience and our widespread adoption of innova-tion, both in grassroots and breakthroughs, are starting to bear fruit in large deal winsand in the growth of large clients”, said Dr. Vishal Sikka, CEO and MD. “While we arestill early in our journey to become the leading next-generation services company, thisgives us good momentum for the rest of the year.” For the year, it has reported anOperating Profit of Rs.13,832crs and Net Profit of Rs.12,329crs on a Total Income ofRs.53,319crs. The EPS for the year is Rs.108/-. The company has strong fundamentals.Its Paid-up Capital is small at Rs.1,144crs with a high Networth of Rs.55,335crs. ItsReturn on Networth is 5% for the quarter and 23% for the year. Technically the scrip ismoving around Rs.1110/- with a P/E Ratio of 21 and Book Value of Rs.242/-.

DR VISHAL SIKKA, CEO & MD

IPO in 1993 at Rs.95/- for Rs.10/- share(If an investor invests Rs.9,500/- for 100 shares in 1993 and holds themtill today, his holding will be 51,200 shares valued at Rs.5.68crs* as on

28.08.2015)

Year Bonus Issue Shares1994 1:1 2001997 1:1 4001999 1:1 8001999 Stock Split from Rs.10/- to Rs.5/- 1,6002004 3:1 6,4002006 1:1 12,8002014 1:1 25,6002015 1:1 51,200

*Note: Market Price of Rs.1111/- as on 28.08.2015

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COVER STORY

KOMPELLA PORTFOLIO INVESTMENT ADVICE4

SEPTEMBER, 2015

• NBTY Inc., a global manufacturer, marketer, distributor and retailerof market-leading vitamins and nutritional supplements entered intoa multi-year partnership with Infosys. As part of this agreement, itwill provide development and support services for NBTY’s ITsystems including enterprise-wide application development andmaintenance services.• A global luxury fashion retailer has chosen Infosys as its preferredglobal IT partner. It will drive efficiencies and value by implementinga global IT shared services model and a client offshore deliverycenter to support all regions.• A global mining company engaged Infosys to streamline its financeand procurement process outsourcing, as well as end-to-end ITservices management including service desk, infrastructure andapplication management.• A leading office equipment major selected Infosys as its strategicpartner for application development and maintenance, testing andproduct implementation.PlatformsTo date Infosys have had more than 127 client engagements wherethe Infosys Information Platform has been used and have completed16 pilot programs using this platform. Infosys is encouraged by thetraction it is seeing with Panaya post the acquisition, and have won15 new deals across different industries through its joint offerings.A European logistics company selected the Infosys Informationplatform to deliver near real-time data-based tracking and reportingof operational metrics and project business volumes for capacityplanning.Infosys won a project from a global pharmaceutical company todevelop a predictive equipment maintenance process based onequipment operating conditions and maintenance history informationusing the capabilities of the Infosys Information Platform.Another pharmaceutical company engaged Infosys to develop abig data and analytics technology platform architecture. The clientalso implemented the Infosys Information Platform to deliver on arange of operational reporting in areas such as supply chain andinventory management using data from source systems such asSAP.ProductsThis quarter, the shareholders authorized the transfer of businessof Finacle and Edge Services to EdgeVerve with effect from August1, 2015 or such other date as may be decided by the Board, for aconsideration of upto Rs. 3,400 crore and upto Rs. 220 crorerespectively. EdgeVerve Systems is a wholly-owned subsidiary ofInfosys.EdgeVerveEdgeVerve saw a great beginning to the year with 14 wins and 4client go-lives.A large consumer health and medical devices company selectedProcureEdge to power its source-to-settle transformation.ProcureEdge will be implemented worldwide by the client to bringtransformation and savings across its buying organization. A largeEuropean telecom company expanded its use of AssistEdge toinclude over 5,000 operators in its call centres, enabling them tosimplify and automate business processes by integrating multipledisparate systems; thereby reducing call handling time andimproving customer service. AssistEdge is also providing analytics-based insights to help the client proactively allocate resources andtake preventive steps to manage issues.FinacleThis quarter, Finacle sustained strong business momentum with 19wins and 12 go-lives across the globe. Wins in the quarter included

Corporation Bank and Indian Overseas Bank, both of which optedfor its industry leading core banking solution. Building on lastquarter’s success with Qantas Credit Union, Finacle also addedanother client in Australia for digital transformation.Finacle continued to expand its solutions suite with three newofferings - Finacle Assure, Finacle Youth Banking solution andFinacle SME Enable. Finacle also extended its partnership withMicrosoft Corp making its suite of solutions available on MicrosoftAzure cloud.Acquisitions, Investments and Partnerships• This quarter, Infosys completed the acquisition of Kallidus Inc.(d.b.a Skava) and its affiliate, a leading provider of digital experiencesolutions, including mobile commerce and in-store shoppingexperiences to large retail clients. The acquisition of Skava is partof Infosys’ strategy to help clients bring new digital experiences totheir customers through IP-led technology offerings, new automationtools and unparalleled skill and expertise in these new emergingareas.• This quarter, the shareholders in the AGM have approved to enterinto a contract to acquire the healthcare business from InfosysPublic Services Inc. (IPS), a wholly-owned subsidiary of Infosysfor an estimated consideration of upto Rs. 625 crores with effectfrom a day as may be decide by the Board of Directors• Encouraged by the traction seen with Panaya post the acquisition,and have won 15 new deals through its joint offerings.• Joined the Industrial Internet Consortium (IIC), an open membershipgroup established to improve the integration between the physicaland the digital worlds and accelerate the adoption of Internet ofThings. It will focus on the development of future IIC testbeds withkey ecosystem partners, leveraging its expertise in predictiveanalytics as applied to maintenance, operations, information,service and energy. Its work on predictive analytics solutions forasset efficiency will be anchored on open-source and open-accessingredients for rapid innovation by the community.• Infosys continues to enhance its capabilities in Design Thinkingacross the organization, and have trained more than 39,000employees till date. It has also seen a positive response from clientswith whom it has various design thinking engagements.Innovation FundThis quarter, Infosys set aside US$10 million from its global InnovationFund for Ireland-based start-ups. Earlier this year, Infosysannounced the US$500 million Innovation Fund earmarked forinvestments in the growth of disruptive new technologies.Beyond BusinessFor this fiscal, Infosys has pledged Rs.270 crore towards CorporateSocial Responsibility (CSR) which is primarily being carried outthrough the Infosys Foundation, its philanthropic arm.During this quarter, the Infosys Foundation USA, announced apartnership with Code.org to expand access to computer scienceeducation for millions of students across the United States. Theprogram includes professional development for teachers, curriculumdevelopment and social outreach programs. Infosys FoundationUSA has also committed its support to Code.org’s annual Hour ofCode initiative, a global grassroots campaign that has introducedmillions of students to computer science in over 180 countries.Infosys became the first Indian company to join RE100, a globalplatform for major companies committed to 100% renewable power.As part of its commitment to RE100, Infosys aims to become carbonneutral by 2018. The company is already working to reduce its percapita electricity consumption by 50 per cent from its 2007- 2008levels and source all its electricity from renewable resources by2018.

Page 5: Kompella Investment Adviser September 2015 Edition

STOCK OF THE MONTH

KOMPELLA PORTFOLIO INVESTMENT ADVICE5

SEPTEMBER, 2015

AJANTA PHARMA : EXCELLENT GROWTH RATE

Key financial & performance highlights - Consolidated•Revenue from operations grew 77% at Rs. 391 cr. againstRs. 322 cr.•EBITDA growth of 26% at Rs. 123 cr. against Rs. 97 cr.,EBITDA at 31% of revenue.•Profit before tax grew 35% at Rs. 118 cr. against Rs. 87 cr.•Profit after tax grew 41% at Rs. 84 cr. against Rs. 60 cr., PATat 21% of revenue.Key financial & performance highlights - Standalone•Revenue from operations grew 18% at Rs. 341 cr. againstRs. 287 cr.•EBITDA growth of 22% at Rs. 110 cr. against Rs. 90 cr.,EBITDA at 32% of revenue.•Profit before tax grew 33% at Rs. 113 cr. against Rs. 85 cr.•Profit after tax grew 38% at Rs. 81 cr, against Rs. 59 cr., PATat 24% of revenue.lndiaFor Q1 FY2016, overall lndia business was Rs. 144 cr., up21% over Q1 FY2015. Out of this, lndian Branded businesswas Rs. 128 cr. posting healthy growth of 18% as againstthe industry growth of 14%. Institution sales was Rs. 16 cr.,posting growth of 58% over previous year quarter. Duringthe quarter, 7 new products were launched, out-of-which 2were first to market.Emerging MarketsEmerging markets consolidated business grew 22% duringQ1 FY2016 with sale of Rs. 239 cr., Africa contributed Rs.147 cr., grew 29%, Asia contributed Rs. 89 cr., grew 13%and Latin America contributed Rs. 3 cr., a de-growth of 20%.During the quarter, company launched 9 new products inemerging markets.Ajanta continues to strengthen its brand presence in variousemerging markets it operates in. It has a pipeline of 1,600+products under registration paving the way for sustainedgrowth in these markets.Regulated MarketsAjanta has recently received 3 more ANDA approvals apartfrom 2 approvals it had, taking the total approved basket to 5.1. Montelukast Tablets, 10mg2. Montelukast sodium chewable tablets, 4mg & 5mg and3. Montelukast oral granulesMontelukast Sodium Tablets, 10 mg is indicated for treatmentof prophylaxis and chronic treatment of asthma and to retrieve

symptoms of seasonal and perennial allergic rhinitis in patients two yearsof age and older.Montelukast 4mg chewable tablets are suitable for 2 to 5 year old patientswhile Montelukast 5mg chewable tablets are available for patients from 6to 14 years of age.Montelukast oral granules are specially appropriate for patients of 12months of age and older.For the 12 months ending June 2015, Montelukast Tablets, ChewableTablets and Granules had sales of approximately $237 million, $87 millionand $31 million respectively, according to IMS Health*. Ajanta intends tolaunch these products shortly.The Company continues to gain market share for its maiden productlaunched in the US market & propose to launch other 4 products beforethe end of this financial year. In Q1 FY2016, sale for one single productwas Rs. 3 cr. It has a basket of 25 ANDAs, out of which 20 are awaitingapproval from US FDA.R&DIn order to meet the identified strategic goals of the company it is enhancingthe R&D capabilities and capacities. During last 12 months, the headcount has gone up from approx. 400 to 500 which is further expected tobe ramped up during the year. As a resutt of strategically increasedfocus on R&D, expenses have gone up from Rs. 11 cr. in Q1 FY2015 toRs. 18 cr. for Q1 FY2016 which is 5% of net sales.

FH (in crs) 30.06.15 30.06.14 % CH 31.03.15 31.03.14 %CH(3M) (3 M) (12 M) (12 M)

Capital 17.69 17.68 0.06 17.68 17.67 0.06R&S 823.41 575.64 43.04 823.41 575.64 43.04Networth 841.10 593.32 41.76 841.09 593.31 41.76Return on Nw 9.97 10.06 -0.89 36.84 39.42 -6.54B.V. (Rs.) 95.09 67.12 41.67 95.15 67.15 41.70F.V. 2.00 2.00 - 2.00 2.00 -T.I. 391.35 321.74 21.64 1480.56 1208.34 22.53O.P. 112.25 84.37 33.04 453.59 324.87 39.62G.P. 127.97 99.86 28.15 507.65 373.73 35.83Dep. 10.31 12.55 -17.85 51.64 43.88 17.68PBT 117.66 87.31 34.76 456.01 329.85 38.25Tax 33.82 27.65 22.31 146.15 95.97 52.29PAT 83.84 59.66 40.53 309.86 233.88 32.49EPS (Rs.) 9.48 6.75 40.44 35.05 26.47 32.41DPS (Rs.) 6.00 4.00 -MP (Rs.) 1429.10P/E Ratio 37.69PAT margin 21.42 18.54 15.53 20.93 19.36 8.11OP margin 28.68 26.22 9.38 30.64 26.89 13.95

Ajanta Pharma Ltd., an established pharmaceutical formulation company hasreported excellent working results for the first quarter ended 30th June, 2015. For thequarter, the Total Income has increased by 22% from Rs.322crs to Rs.391crs while theOperating Profit has increased by 33% from Rs.84crs to Rs.112crs and Net Profit by 41%from Rs.60crs to Rs.84crs. The EPS for the quarter is Rs.9/-. For the year, the TotalIncome has increased by 23% from Rs.1,208crs to Rs.1,481crs while the OperatingProfit has increased by 40% from Rs.325crs to Rs.454crs and Net Profit by 32% fromRs.234crs to Rs.310crs. The EPS for the year is Rs.35/-. It has announced 300% Divi-dend for the year. Commenting on the results, Mr. Yogesh M. Agrawal, MD said “We havedelivered another quarter of competitive growth and margin improvement ahead of themarket. Our strategy remains focused on strengthening the core of our business whichis refining the thrust on brand building, increasing the intensity on R&D and continuousimprovement of our executional capabilities. We intend to enhance our focus on R&D incoming year to augment our capabilities which will be essential to deliver sustainedgrowth.” The company has strong fundamentals. Its Paid-up Capital is small at Rs.18crswith a high Networth of Rs.841crs. Its Return on Networth is high at 10% for the quarterand 37% for the year. Technically the scrip is moving around Rs.1430/- with a P/E Ratioof 38 and Book Value of Rs.95/-.

MR YOGESH AGRAWAL, MD

Page 6: Kompella Investment Adviser September 2015 Edition

STOCK OF THE MONTH

KOMPELLA PORTFOLIO INVESTMENT ADVICE6

SEPTEMBER, 2015

FINOLEX CABLES : DIVERSIFYING PRODUCT PORTFOLIO

FH (in crs) 30.06.15 30.06.14 % CH 31.03.15 31.03.14 %CH(3M) (3 M) (12 M) (12 M)

Capital 30.59 30.59 - 30.59 30.59 -R&S 1234.22 1072.78 15.05 1234.22 1072.78 15.05Networth 1264.81 1103.37 14.63 1264.81 1103.37 14.63Return on Nw 3.80 3.14 21.02 15.71 18.82 -16.52B.V. (Rs.) 82.69 72.14 14.62 82.69 72.14 14.62F.V. 2.00 2.00 - 2.00 2.00 -T.I. 588.29 572.01 2.85 2449.09 2359.04 3.82O.P. 59.89 42.12 42.19 195.07 198.68 -1.82G.P. 78.45 60.28 30.14 327.12 292.44 11.86Dep. 13.11 13.89 -5.62 63.97 48.43 32.09PBT 65.34 46.39 40.85 263.15 244.01 7.84Tax 17.32 11.71 47.91 64.48 36.33 77.48PAT 48.02 34.68 38.47 198.66 207.68 -4.34EPS (Rs.) 3.14 2.27 38.33 12.99 13.58 -4.34DPS (Rs.) 1.80MP (Rs.) 242.50P/E Ratio 19.31PAT margin 8.16 6.06 34.65 8.11 8.80 -7.84OP margin 10.18 7.36 38.32 7.96 8.42 -5.46

Finolex Cables Ltd. has reported encouraging working results for the firstquarter ended 30th June, 2015. For the quarter, the Total Income has increased by 3%from Rs.572crs to Rs.588crs while the Operating Profit has increased by 42% fromRs.42crs to Rs.60crs and Net Profit by 38% from Rs.35crs to Rs.48crs. The EPS for thequarter is Rs.3/-. For the year, it has reported an Operating Profit of Rs.195crs and NetProfit of Rs.199crs on a Total Income of Rs.2,449crs. The EPS for the year is Rs.13/-.The company has strong fundamentals. Its Paid-up Capital is small at Rs.31crs with ahigh Networth of Rs.1,265crs. Its Return on Networth is at 16% for the year. Technicallythe scrip is moving around Rs.245/- with a P/E Ratio of 19 and Book Value of Rs.83/-.

MR DEEPAK K CHHABRIA, CHAIRMAN

Q1 Highlights•Net sales for the quarter ended June 30, 2015 were Rs.5849.1million as against Rs.5673.1 million for the correspondingperiod in the year 2014-15. In value terms Net Sales in thecurrent quarter shows an increase of 3% compared to thecorresponding period of the previous year. In volume terms,Electrical Cables grew 5% in the quarter, while CommunicationCables was more than 20%.•Profit for the quarter before taxes, increased to Rs.653.4million from Rs.463.9 million in the previous year.•The company announced that its low voltage MCB plant hasbeen commissioned and products submitted for BIScertification. The switchgear products are expected to belaunched shortly, once the certification process is completed.•At the meeting the Board of Directors approved theCompany’s plans to enter the Fan business. It was announcedthat the Company would set up a new facility during the year,with a capacity to manufacture approximately 2,00,000 fansper month.•Simultaneously, the Company also announced that anadditional investment in production facilities at Urse to expandits cable range.Both the investments would be from internal accruals, andwould require about Rs.125crs.Company backgroundFinolex operates in two main segments - Electrical Cablesand Communication Cables. To support its requirement ofCopper Rods for both types of cables, the Company manu-factures Continuous Cast Copper Rods (CCC rods), at itsRod Plant at Goa. A small part of this production of CCC rodsis, however, sold to third party customers.The Company’s foray into the Lamps and Electrical Switches

businesses is still in its early years and account for less than 5% of theCompany’s turnover.

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Page 7: Kompella Investment Adviser September 2015 Edition

STOCK OF THE MONTH

KOMPELLA PORTFOLIO INVESTMENT ADVICE7

SEPTEMBER, 2015

GUJARAT FLUOROCHEMICALS : JUMP IN PROFITS

Q1 Performance Highlights•EBITDA at Rs.2696.6mn for Q1FY16 vs Rs.1733.7mn forQ1FY15•EBITDA margin at 19.1%•Wind Turbine Manufacturing business adds 45% toConsolidated Revenues followed by Chemicals business 25%,Film Exhibition business 24.7%, Wind Farming business 3.2%•Wind Turbine Manufacturing business contributes 68.4% toConsolidated Net Profit followed by Chemicals Business36.7%, Film Exhibition Business 34.2%, Wind Farmingbusiness 0.9%Business Strategy and Outlook•Major capex for expansion of PTFE capacity to 16,200 MTand corresponding increases in capacities across the entirevalue chain already incurred•Ongoing capex going forward expected to be minimal – tothe tune of Rs.1000-1500 mn per year, for debottlenecking,adding higher value added products, waste recovery andother cost optimization schemes•Higher Asset Turnover with Improved capacity utilizationSignificant improvement in capacity utilization, from present60% to 100% over next 2-3 years, expected due toinvestments made in marketing efforts•Subsidiaries with dedicated marketing staff operational in allmajor markets like US and Europe•Company has passed the stringent customer evaluation andproduct acceptance process of major customers over thepast 2-3 yearsImprovement in margins•Improved capacity utilization will result in higher margins dueto economies of scale and operating leverage•Increased contribution due to churning of product mix infavour of higher value added grades of PTFE•Introduction of new value added products in the company’sproduct basket will further improve margin profile•Focus on waste recovery and other cost optimizationschemes to bring down costs across the value chainFocus on Fluoro Specialty Chemicals•Focus on HF and TFE based fluoro specialty chemicals tocater to the pharma and agro chemical industries•Partnerships with several MNCs in these segments whoneed access to fluoro specialty expertise and capabilities•Surplus TFE capacity from recent debottlenecking to addsignificant value to the fluoro specialty businessCompany backgroundGujarat Fluorochemicals Limited (GFL) is a part of the $2billion INOX Group of Companies. INOX Group is a familyowned, professionally managed business group, with marketleadership in diverse businesses including Industrial Gases,Refrigerants, Chemicals, Cryogenic Engineering, RenewableEnergy and Entertainment. The INOX Group employs morethan 8000 people at more than 100 business units across thecountry, and has a distribution network that is spread across

more than 50 countries around the globe. Each INOX Group company ischaracterized by three distinct characteristics - early identification of awinning business idea, building it to a size of market leadership in thatsegment, and attaining profit leadership position through cutting-edgeefficiency in operations. GFL which historically has been a refrigerantproducer crossed a major milestone in 2007 when it has forward integratedinto PTFE by commissioning one of the world’s most integrated and costcompetitive PTFE manufacturing facility at Dahej in Gujarat. This facilitycurrently has a capacity of 16,200 metric tonnes, which makes it by farthe largest in India and amongst the largest in the world. In addition to thisforward integration it has also backward integrated into Chloromethanesand Caustic Soda and Chlorine.

FH (in crs) 30.06.15 30.06.14 % CH 31.03.15 31.03.14 %CH(3M) (3 M) (12 M) (12 M)

Capital 10.99 10.99 - 10.99 10.99 -R&S 4168.58 3230.31 29.05 4168.58 3230.31 29.05Networth 4179.57 3241.30 28.95 4179.57 3241.30 28.95Return on Nw 1.77 1.36 30.15 14.00 5.74 143.90B.V. (Rs.) 380.31 294.93 28.95 380.31 294.93 28.95F.V. 1.00 1.00 - 1.00 1.00 -T.I. 1412.76 890.71 58.61 5340.81 3451.54 54.74O.P. 193.06 112.64 71.40 750.26 397.71 88.64G.P. 227.24 133.17 70.64 1110.38 464.64 138.98Dep. 76.60 60.73 26.13 284.75 200.44 42.06PBT 150.64 72.44 107.95 825.63 264.20 212.50Tax 45.70 20.89 118.76 158.53 37.64 321.17PAT 73.82 44.15 67.20 585.24 186.10 214.48EPS (Rs.) 6.72 4.02 67.16 53.25 16.93 214.53DPS (Rs.) 3.50MP (Rs.) 667.75P/E Ratio 24.84PAT margin 5.23 4.96 5.44 10.96 5.39 103.34OP margin 13.67 12.65 8.06 14.05 11.52 21.96

Gujarat Fluorochemicals Ltd. has reported jump in Total Income & profits for the first quarter ended 30th June,2015. For the quarter, the Total Income has jumped by 59% from Rs.891crs to Rs.1,413crs while the Operating Profit hasjumped from Rs.113crs to Rs.193crs and Net Profit from Rs.44crs to Rs.74crs. The EPS for the quarter is Rs.7/-. For theyear, it has reported an Operating Profit of Rs.750crs and Net Profit of Rs.585crs on a Total Income of Rs.5,341crs. TheEPS for the year is Rs.53/-. The company has strong fundamentals. Its Paid-up Capital is small at Rs.11crs with a highNetworth of Rs.4,180crs. Return on Networth was at 14% for the year. Technically the scrip is moving around Rs.670/- witha P/E Ratio of 25 and Book Value of Rs.380/-.

Page 8: Kompella Investment Adviser September 2015 Edition

STOCK OF THE MONTH

KOMPELLA PORTFOLIO INVESTMENT ADVICE8

SEPTEMBER, 2015

SURYALAKSHMI COTTON : NEW PLANT MAY COMMENCE OPERATIONS IN SEPT.

Suryalakshmi Cotton’s Revenues for the quarter endedJune 30th, 2015 increased by 3% and stood at Rs. 187crores as compared to Rs. 182 crores during the sameperiod of the previous financial year. Net profit for thisquarter stood at Rs. 6.93 crores, up by 17% from Rs.5.94 crores from the year ago period. The companyreported an EPS of Rs. 4.16 for the quarter as comparedto Rs. 4.09 in the corresponding quarter.Commenting on the results, Mr. Paritosh Agarwal, MDsaid, “The business environment in the country and worldhas turned generally positive for Indian textiles, and weare aggressively executing our growth strategies inPremium markets. The results of our efforts are reflectedin the export revenues increasing two fold in the 1st Qtr.Our emphasis has been on providing better solutions toInternational and Indian Fast Fashion chains in terms ofDenim fabric and Denim Garments. Our association withthese chains has offered us improved order visibility andenhanced margins through Organic growth.”The company is also focusing on development of newand high value added denim fabric, which commandhigher realisations in the market and also face significantless competitive environment. To realise this immensepotential, the company has put up a state-of-the-art newplant in the cotton rich belt of Maharashtra at Amravati.The new unit shall manufacture value-added fancy yarnssuch as Ring, Lycra, Slub and Compact. The high gradeyarns manufactured in this plant are to be consumed inthe company’s captive denim unit at Nagpur, Maharashtra.In addition the Amravati unit will draw power from thecompany’s existing 25 MW captive power plant therebysubstantially reducing cost of power. The new plant is onschedule to commence production by end of September,2015 and shall contribute to company’s financials in thesecond half of 2015-16.Company backgroundSuryalaksmi Cotton Mills is today among the country’s leadingOriginal Denim Manufacturers (ODM). It manufactures Cotton,Polyster and Blended Yarns in its Spinning Division atAmanagallu in Mahabubnagar District, Telangana, Denim Fabricat its Denim Division at Village Nagardhan, near Ramtek,Maharashtra and Garments at its Garment Division inThummaluru, near Hyderabad. The Company also has aCaptive Power Plant at Ramtek, Maharashtra.

FH (in crs) 30.06.15 30.06.14 % CH 31.03.15 31.03.14 %CH(3M) (3 M) (12 M) (12 M)

Capital 16.67 14.52 14.81 16.67 14.52 14.81R&S 219.49 199.91 9.79 219.49 199.91 9.79Networth 236.16 214.43 10.13 236.16 214.43 10.13Return on Nw 2.93 2.77 5.78 5.15 5.46 -5.68B.V. (Rs.) 141.67 147.68 -4.07 141.67 147.68 -4.07F.V. 10.00 10.00 - 10.00 10.00 -T.I. 187.14 181.74 2.97 713.26 712.01 0.18O.P. 19.19 16.82 14.09 51.02 47.81 6.71G.P. 17.71 16.01 10.62 50.11 48.99 2.29Dep. 7.11 7.86 -9.54 31.80 32.09 -0.90PBT 10.60 8.15 30.06 18.31 16.90 8.34Tax 3.67 2.21 66.06 6.14 5.18 18.53PAT 6.93 5.94 16.67 12.17 11.71 3.93EPS (Rs.) 4.16 4.09 1.71 7.30 8.06 -9.43DPS (Rs.) 1.20MP (Rs.) 101.25P/E Ratio 6.08PAT margin 3.70 3.27 13.15 1.71 1.64 4.27OP margin 10.25 9.25 10.81 7.15 6.71 6.56

Suryalakshmi Cotton Mills Ltd., India’s third largestDenim fabric producer has reported encouraging working resultsfor the first quarter ended 30th June, 2015. For the quarter, theTotal Income has increased by 3% from Rs.182crs to Rs.187crswhile the Operating Profit has increased by 14% from Rs.17crsto Rs.19crs and Net Profit by 17% from Rs.6crs to Rs.7crs. TheEPS for the quarter is Rs.4/-. For the year, it has reported anOperating Profit of Rs.51crs and Net Profit of Rs.12crs on a TotalIncome of Rs.713crs. The EPS for the year is Rs.7/-. The com-pany has strong fundamentals. Its Paid-up Capital is small atRs.17crs with a high Networth of Rs.236crs. Technically the scripis moving around Rs.100/- with a low P/E Ratio of 6 and high B Vof Rs.142/-.

MR L N AGARWAL, CHAIRMAN

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Page 9: Kompella Investment Adviser September 2015 Edition

ENERGY STOCKS

KOMPELLA PORTFOLIO INVESTMENT ADVICE9

SEPTEMBER, 2015

WITHOUT SUBSIDY, ONGC’S PERFORMANCE MAY IMPROVE

MR DINESH K SARRAF, CMD

FH (in crs) 30.06.15 30.06.14 % CH 31.03.15(3M) (3 M) (12 M)

Capital 4277.76 4277.76 - 4277.76R&S 139345.09 131353.37 6.08 139345.09Networth 143622.85 135631.13 5.89 143622.85Return on Nw 3.80 3.53 7.65 12.35B.V. (Rs.) 167.87 158.53 5.89 167.87F.V. 5.00 5.00 - 5.00T.I. 22825.25 21851.27 4.46 82870.96O.P. 7547.80 6301.96 19.77 21190.80G.P. 11385.89 9759.32 16.67 38006.37Dep. 3034.96 2562.31 18.45 11451.14PBT 8350.93 7197.01 16.03 26555.23Tax 2891.03 2415.22 19.70 8822.28PAT 5459.90 4781.79 14.18 17732.95EPS (Rs.) 6.38 5.59 14.13 20.73DPS (Rs.) 9.50MP (Rs.) 243.65P/E Ratio 9.55PAT margin 23.92 21.88 9.32 21.40OP margin 33.07 28.84 14.67 25.57

oil and Natural Gas Corporation Ltd. has reported encouraging working resultsfor the first quarter ended 30th June, 2015. For the quarter, the Total Income has in-creased by 4% from Rs.21,851crs to Rs.22,825crs while the Operating Profit has in-creased by 20% from Rs.6,302crs to Rs.7,548crs and Net Profit by 14% from Rs.4,782crsto Rs.5,460crs. The EPS for the quarter is Rs.6/-. It has notified 4 hydrocarbon discover-ies during this quarter (1 new Prospect and 3 new Pools). Also, the Board has approvedinvestment of Rs. 2,818.88 crs to produce incremental Oil and Gas from Neelam Field. Ithas also approved submission of draft field development plan (FDP) for the NELP BlockKG-DWN-98/2 to Directorate General of Hydrocarbon (DGH). For the year, ONGC hasreported an Operating Profit of Rs.21,191crs and Net Profit of Rs.17,733crs on a TotalIncome of Rs.82,871crs. The EPS for the year is Rs.21/-. The company has strong funda-mentals. Its Paid-up Capital is small at Rs.4,278crs with a high Networth of Rs.1,43,623crs.Technically the scrip is moving around Rs.245/- with a low P/E Ratio of 10 and Book Valueof Rs.168/-.

Performance Highlights: Q1 –FY’16•ONGC has notified 4 hydrocarbon discoveries duringthis quarter (1 new Prospect and 3 new Pools).•Gross Revenue Rs. 22,868 Crore (against Rs. 21,917Crore in Q1-FY’15)•Net Profit Rs. 5,460 Crore (against Rs. 4,782 Crorein Q1-FY’15)•The Board has approved investment of Rs. 2,818.88Crore to produce incremental Oil and Gas from NeelamField.•The Board also approved submission of draft fielddevelopment plan (FDP) for the NELP Block KG-DWN-98/2 to Directorate General of Hydrocarbon (DGH).New Discoveries during the QuarterONGC has notified 4 discoveries in Q1 FY’16:•Well Gojalia#14, within Gojalia PML in South TripuraDistrict. This new pool discovery is within establishedGojalia field and is likely to augment the existingproduction potential. The well is situated about 5 kmeast of Belonia town in South Tripura district of Tripurastate. Exploratory well Gojalia # 14 in Gojalia PML,

Arakan Fold Belt Basin in the state of Tripura was drilled to a depth of 2501m. Onconventional testing, the interval 1631-1627m in Upper Bhuvan formationproduced gas @ 86900 m3/day through 8 mm bean.•One New Prospect Discovery at Komarada# 3, Tatipaka-Pasarlapudi PML, KGOnland Basin, Andhra Pradesh has also been notified. Exploratory well Komarada#3 in Tatipaka-Pasarlapudi PML of KG Onland Basin, Andhra Pradesh was drilledto a depth of 3,155m. On conventional testing, the interval 3,040.5–3,043.5m, inVadaparu formation of Eocene age, produced light oil @ 31.9 m3/day and gas@123,512 m3/day, through 6 mm bean. This discovery is close to Pasarlapudifield and will augment gas & oil production immediately. The discovery well issituated 18 km east of Razol town in East Godavari District.•Earlier two New pool Discoveries at, KG-DWN-98/2-M-4(AD) Oil & GasDiscovery in NELP-I Block KG-DWN-98/2 and KG-OSN-2004/1 Gas discovery inNELP VI block in KG Offshore have been notified.Other Highlights•The Board has also approved investment decision for Rs. 2818.88 Crore forfurther exploitation of Oil and Gas from its scheme of Neelam RedevelopmentPlan in Western Offshore. The project comprises of drilling 14 new wells and 13sidetrack wells and installation of facilities i.e. 1 process platform, 2 well platforms,3 clamp-on facility for wells on existing platforms, associated pipelines,modifications, 21 zone transfers and 4 water injections conversions. The facilitiesunder the project are scheduled to be installed by August 2018 and the overallproject completion is scheduled for March 2023. The implementation of the projectwill lead to incremental gain of 2.76 MMT crude oil and 4.786 BCM gas by 2034-35.•ONGC’s LNG based C2-C3 plant at Dahej, Gujarat, the first in world commencedoperation on May 31, 2015. Commercial production of Ethane (C2), Propane (C3)and Butane (C4) started on 17th July 2015. The Plant is expected to produce600-700 KT of VAP in FY’2015-16 with Commingled LNG feed from Petronet LNGLimited (PLL).•Sakhalin-1: World’s Longest (13,500 meter, MD) well put on production. TheO#14 well with measured depth of 13,500 m, the longest well in the world, drilledfrom offshore platform Orlan, in Chayvo field under Sakhalin-1 project, in Russiawas put on production on May’4, 2015. The well producing around 20,000barrels per day (bpd) helped Sakhalin-1 project to attain peak production of199,000 bpd on May 5, 2015. ONGC Videsh has 20% participating interest in theProject along with other partners Exxon 30% (Operator), SODECO (30%) andRosneft (20%).

Page 10: Kompella Investment Adviser September 2015 Edition

ENERGY STOCKS

KOMPELLA PORTFOLIO INVESTMENT ADVICE10

SEPTEMBER, 2015

HPCL : JUMP IN PROFITS

MS. NISHI VASUDEVA, CMD

HPCL has registered gross sales of Rs.54,802 crores for theperiod April - June, 2015. The domestic sales of petroleumproducts have increased to 8.46 million tonnes registering agrowth of 5% over the first quarter of previous year, asagainst the industry average growth of 2.7%. The sales ofMotor Spirit (Petrol) increased by 12.9%, Aviation turbine fuelby 20.1% and that of Lubes by 58.6%, over the first quarterof previous year.The refineries at Mumbai and Visakh processed 3.75 milliontonnes of crude during April - June, 2015 as against 3.28million tonnes during April - June, 2014. The combined GRMduring the quarter increased to $ 8.56 per barrel as comparedto $ 2.04 per barrel in the corresponding previous periodlargely on account of improved cracks and inventory gainsOn the financial front, the profit after tax for the period April-June, 2015 was Rs.1,588 crores as against a profit of Rs. 46crores for April-June, 2014. The increase in profit is primarilybecause of higher refining margins, inventory gains as alsoincrease refining thruput and domestic market sales, ascompared to the corresponding quarter of last year.During this period, HPCL commissioned a new state-of-the-art LPG Plant at Yediyur, Tumkur District, Karnataka. Thisplant has the world’s largest LPG filling system, with a 72point Flexspeed carousel with a production capacity of 4200cylinders / hour. This is also the first SIL certified LPG Plant inIndia.Three new product pipelines are currently underimplementation - i) Rewari - Kanpur ii) Uran – Chakan/ Shikrapurfor LPG and iii) Mangalore - Hassan – Mysore - Solur for LPG.The physical progress achieved in all these pipelines as ofJune, 2015, are as per the targeted schedule.In alignment with the Swachh Bharat Abhiyan, HPCL hastaken various initiatives in the areas of providing toilets inGovernment schools & public places, engaging workforceand stakeholders in various cleanliness drives andeducational programs. As of date HPCL has achieved it’stargets fully for the construction of toilets in Governmentschools in the states of Bihar, Orissa, Chhattisgarh, AndhraPradesh and Assam under Swachh Vidyalaya Abhiyan.

FH (in crs) 30.06.15 30.06.14 % CH 31.03.15 31.03.14 %CH(3M) (3 M) (12 M) (12 M)

Capital 338.63 338.63 - 338.63 338.63 -R&S 15683.08 14673.15 6.88 15683.08 14673.15 6.88Networth 16021.71 15011.78 6.73 16021.71 15011.78 6.73Return on Nw 9.91 0.31 3096.77 17.06 11.55 47.71B.V. (Rs.) 473.13 443.31 6.73 473.13 443.31 6.73F.V. 10.00 10.00 - 10.00 10.00 -T.I. 51803.26 59237.48 -12.55 206626.19 223351.53 -7.49O.P. 2312.25 0.18 - 3692.30 2970.16 24.31G.P. 3171.20 658.18 381.81 6125.27 4803.95 27.50Dep. 750.78 589.66 27.32 1971.15 2188.44 -9.93PBT 2420.42 68.52 3432.43 4154.12 2615.51 58.83Tax 832.38 22.48 3602.76 1420.86 881.74 61.14PAT 1588.04 46.04 3349.26 2733.26 1733.77 57.65EPS (Rs.) 46.90 1.36 3348.53 80.72 51.20 57.66DPS (Rs.) 24.50MP (Rs.) 829.10P/E Ratio 4.42PAT margin 3.07 0.08 3737.50 1.32 0.78 69.23OP margin 4.46 - - 1.79 1.33 34.59

Hindustan Petroleum Corporation Ltd. has reported jump in profits forthe first quarter ended 30th June, 2015. For the quarter, the Total Income has de-creased by 13% from Rs.59,237crs to Rs.51,803crs while the Operating Profit hasjumped from Rs.0.18crs to Rs.2,312crs and Net Profit from Rs.46crs to Rs.1,588crs.The EPS for the quarter is Rs.47/-. For the year, it has reported an Operating Profitof Rs.3,692crs and Net Profit of Rs.2,733crs on a Total Income of Rs.2,06,626crs.The EPS for the year is Rs.81/-. The company has strong fundamentals. Its Paid-up Capital is small at Rs.339crs with a high Networth of Rs.16,022crs. Technicallythe scrip is moving around Rs.830/- with a low P/E Ratio of 4 and Book Value ofRs.473/-.

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Page 11: Kompella Investment Adviser September 2015 Edition

INVESTMENT SCRIPS

KOMPELLA PORTFOLIO INVESTMENT ADVICE SEPTEMBER, 201511

INVESTMENT SCRIPS:

INDIAN OIL CORPORATION : MOVING IN A NARROW RANGE

The following fundamentally strong scrips may be considered forlong term investment at a sharp fall in a technically weak market.

3. ONGC

4. TATA GLOBAL BEVERAGES

1. BPCL

2. HPCL

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Page 12: Kompella Investment Adviser September 2015 Edition

CONTENTS

KOMPELLA PORTFOLIO INVESTMENT ADVICE12

CONTENTS

COVER STORY 3-4INFOSYS 3-4

STOCKS OF THE MONTH 5-8AJANTA PHARMA 5FINOLEX CABLES 6GUJARAT FLUOROCHEMICALS 7SURYALAKSHMI COTTON 8

ENERGY STOCKS 9-10 & 51-52ONGC 9HPCL 10CPCL 51MRPL 52

INVESTMENT SCRIPS 11BPCL 11HPCL 11INDIAN OIL CORPORATION 11ONGC 11TATA GLOBAL BEVERAGES 11

EDITORIAL 13

JUNE QUARTER PERFORMANCE 14-17

STOCK VALUATIONS 19-22

MARCH QUARTERPERFORMANCE 23-27

FUNDAMENTALSREADY REFERENCE 28-29 & 32-38

FY15 PERFORMANCE 39-43

NINE MONTHS PERFORMANCE 45-48

TECHNICAL ANALYSIS 49BPCL 49HPCL 49

INDEX 50BSE SENSEX 50NSE NIFTY 50

SEPTEMBER, 2015

THE POWER OF EQUITY INVESTMENTSIN THE LONG RUN

Infosys Ltd. has again issued 1:1 Bonus in 2015. It has created enormous wealth to the investors’ during the last22 years. An investment of Rs.9,500/- in IPO in 1993 is valued at Rs.5.68crs today. That is the power of equity investmentsin the long run. Many stocks such as Amara Raja Batteries, Apollo Tyres, Asian Paints, Aurobindo Pharma, Axis Bank, BajajAuto, Bajaj Finance, Bosch, Cadila Healthcare, Ceat, Cipla, Divi’s Labs, Dr.Reddy’s Labs, Glaxo. Consumer, GodrejConsumer, HCL Technologies, HDFC, HDFC Bank, Hero Motocorp, HUL, Indusind Bank, ITC, L&T, LMW, Lupin, Maruti,MRF, Sun Pharma, Sundaram Finance, Suven Life, TCS, Wipro, Yes Bank have rewarded the investors’ immensely aftertheir public issue. Technically weak market is the best time to pick up fundamentally strong stocks.

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To cover your Company/ Bank in our Magazine, please mail a copyof your Annual Report, Results, Press Release, Investor Presentation

along with a latest Photo (jpeg format) etc.

The Editor

To

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The Ad Incharge

BANKING 53-58CANARA BANK 53-54CITY UNION BANK 55

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Page 13: Kompella Investment Adviser September 2015 Edition

EDITORIAL

KOMPELLA PORTFOLIO INVESTMENT ADVICE13

BSE Sensex at 26,283.09 on 31.08.2015 NSE Nifty at 7,971.30 on 31.08.2015

(Established in 1986 )

KOMPELLA PORTFOLIOINVESTMENT ADVICE

OWNERS:KOMPELLA FINANCE & INVESTMENT

CONSULTANTS LIMITED

Managing Director & EditorK. V. Satyanarayana

Wholetime DirectorMrs. K. Radha Kumari

DD/Cheque should be drawn in Favour ofKompella Finance & Investment

Consultants Ltd.,and payable at Hyderabad.

Add `̀̀̀̀25/- for Outstation Cheques & Mail to:

REGISTERED OFFICE:Plot No : A-31, Kompella House,Journalist Colony, Jubilee Hills,

Hyderabad - 500 033.Ph. No. 23547687/23547758

e-mail: [email protected]

Either the owner or the publisher or the Editor doesnot take any financial responsibility for any loss dueto buy/hold/sell/book profit/apply etc.,recommendations. Investors are advised to use theirown discretion while taking market decisions.

Jurisdiction : HYDERABAD

Printed and Published by Mr. K.V.Satyanarayana onbehalf of KOMPELLA FINANCE & INVESTMENTCONSULTANTS LTD. Printed at Sri Vani Press,Hyderabad, and Published from Plot No.A-31, JournalistColony, Jubilee Hills, Hyderabad-500 033.

Cover Price : `̀̀̀̀45

(SINCE 1987) VOL. XXVIII NO.9, SEPTEMBER, 2015.

www.investmentadvice.in

CORRECTION - DUE TO INTERNAL &EXTERNAL FACTORS

SEPTEMBER, 2015

Subscription Rates for Print Edition:

The BSE Sensex has decreased from 27,563.43 on 29.07.2015to 26,283.09 on 31.08.2015 -i.e., a loss of 4.65% in one month. The NSENifty has decreased from 8,375.05 on 29.07.2015 to 7,971.30 on31.08.2015 -i.e., a loss of 4.82% in one month. The market is undercorrection due to internal and external factors. The Sensex has alreadycorrected from the peak of 30,000 mark to around 26,000. The Nifty hasalso corrected similarly. Internally, the South-West Monsoon hasdisappointed. The agriculture growth rate target may be difficult to achieve.The manufacturing sector is also sluggish. The Indian economy at thisstage badly needs interest rate cut to withstand global competition.Externally, the export sector is the most challenging one - inspite of lowerCrude Oil & commodity prices globally. The fall in oil prices has badlyaffected the oil & gas producers. As a result, their demand forcommodities has fallen. China’s economy and its currency have badlyaffected. Inturn, commodity prices are falling globally. On the whole, theglobal economy is suffering from excess supply of Oil, Gas &Commodities. So, their prices are falling. Falling oil & gas prices willhelp the Indian economy through lower Import bill. However, our ExportSector is suffering. Our currency is depreciating. The Govt. & RBI musttake immediate steps to improve our exports, reduce our imports,encourage domestic output, stabilise our currency and inturn to improveour GDP growth rate.

Years India Overseas(Airmail)

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One Year `̀̀̀̀300 `̀̀̀̀500Three Years `̀̀̀̀800 `̀̀̀̀1,250

Subscription Rates for Online Edition:

CORRECTION IS AN OPPORTUNITY TOACCUMULATE BLUECHIPS

In a falling market, fundamentally strong scrips may also fallslowly. It is worth watching the fundamentally strong scrips like BPCL,Dabur, Dr.Reddy’s Labs, Federal Bank, HCL Technologies, HDFC, HDFCBank, HPCL, HUL, ICICI Bank, Indian Oil Coporation, Indusind Bank,Infosys, ITC, L&T, Lupin, Maruti, ONGC, Reliance Industries, Sun Pharma,Tata Global Beverages, Tata Motors, TCS, Yes Bank etc.

THE POWER OF EQUITY INVESTMENTSIN THE LONG RUN

Infosys Ltd. has again issued 1:1 Bonus in 2015. It has createdenormous wealth to the investors’ during the last 22 years. An investmentof Rs.9,500/- in IPO in 1993 is valued at Rs.5.68crs today. That is thepower of equity investments in the long run. Many stocks such as AmaraRaja Batteries, Apollo Tyres, Asian Paints, Aurobindo Pharma, Axis Bank,Bajaj Auto, Bajaj Finance, Bosch, Cadila Healthcare, Ceat, Cipla, Divi’sLabs, Dr.Reddy’s Labs, Glaxo. Consumer, Godrej Consumer, HCLTechnologies, HDFC, HDFC Bank, Hero Motocorp, HUL, Indusind Bank,ITC, L&T, LMW, Lupin, Maruti, MRF, Sun Pharma, Sundaram Finance,Suven Life, TCS, Wipro, Yes Bank have rewarded the investors’immensely after their public issue. Technically weak market is the besttime to pick up fundamentally strong stocks.

Page 14: Kompella Investment Adviser September 2015 Edition

JUNE QUARTER PERFORMANCE

KOMPELLA PORTFOLIO INVESTMENT ADVICE14

SEPTEMBER, 2015

JUNE QUARTER PERFORMANCEQuarter ended 30th June, 2015

GP(Rs. crs)30.06.15

Equity(Rs. crs)

TI(Rs. crs)30.06.15

TI(Rs. crs)30.06.14

GP(Rs. crs)30.06.14

Company/ Bank OP(Rs. crs)30.06.14

PAT(Rs. crs)30.06.15

OP(Rs. crs)30.06.15

% CH

Note- Figures rounded off, consolidated figures taken wherever possible & Other Income included in profit

% CH % CH% CH PAT(Rs. crs)30.06.14

Asian Paints 96 3623 3362 8 614 487 26 748 571 31 455 339 343M India 11 519 463 12 59 38 55 73 51 45 40 25 60Aban Offshore 12 982 1028 -4 425 457 -7 361 335 8 135 153 -12ABB India 42 1932 1822 6 113 98 15 126 101 25 57 48 19Advanta 18 306 318 -4 43 43 - 36 29 21 21 15 40Alembic Pharma 38 583 494 18 - - - 101 96 6 70 65 8Allahabad Bank 571 5396 5518 -2 1242 1220 2 - - - 147 113 30Ambuja Cements 310 2510 2720 -8 235 464 -49 458 706 -35 227 409 -45Andhra Bank 603 4529 4205 8 825 626 32 - - - 203 107 90APL Apollo Tyres 23 965 742 30 48 44 9 40 34 17 22 20 10Ashoka Buildcon 79 630 630 - 126 99 27 79 98 -20 12 37 -68Asian Paints 96 3623 3362 8 614 487 26 748 571 31 455 339 34Axis Bank 475 12234 9980 23 4092 2896 41 - - - 1978 1667 19Bajaj Auto 289 5613 5252 7 1061 856 24 1576 1144 38 1015 740 37Bajaj Finance 54 1646 1244 32 1090 818 33 434 328 32 276 211 31Bajaj Finserv 80 2212 1629 36 1590 1152 38 937 667 41 467 319 46Bajaj Holdings 111 163 172 -5 151 167 -10 154 170 -9 613 522 17Bank of Baroda 444 12244 11683 5 2202 2480 -11 - - - 1052 1362 -23Berger Paints 69 1121 1060 6 125 93 34 147 113 30 77 57 35BGR Energy 72 894 635 41 73 64 14 68 53 28 11 9 22Bharat Forge 47 1129 988 14 282 218 29 354 276 28 195 145 34Biocon 100 833 725 15 154 122 26 231 190 22 126 103 22Britannia Inds 24 2019 1787 13 261 138 89 306 190 61 190 114 67Butterfly Gandhi 18 234 108 117 13 8 63 9 3 221 4.17 0.17 2353Cairn India 1875 2627 4483 -41 414 2333 -82 1852 1440 29 835 1093 -24Can Fin Homes 27 243 176 38 223 163 37 51 30 74 32 19 68Canara Bank 515 12253 11728 4 2004 1795 12 - - - 479 807 -41Carborundum Uni. 19 496 522 -5 57 49 16 81 68 18 33 27 22CARE 29 48 43 12 23 19 21 27 35 -22 17 27 -37Castrol India 247 924 914 1 267 179 49 291 197 48 185 124 49CCL Products 27 220 176 25 42 29 45 47 33 43 30 20 50Century Enka 22 303 305 -1 31 15 107 30 29 4 14 9 56Century Plyboards 22 371 363 2 57 37 54 55 41 33 40 26 54Cera Sanitaryware 7 194 162 20 25 21 19 28 24 15 16 14 14Chaman Lal Setia 9 131 129 2 16 5 220 16 5 221 10 3 233Chola. Investment 144 987 866 14 172 144 19 177 150 18 111 96 16CMC 30 672 593 13 78 78 - 101 77 31 56 58 -3Colgate 14 1010 957 6 177 177 - 179 200 -10 114 135 -16Container Corporation 195 1421 1270 12 197 249 -21 368 381 -4 207 262 -21Cyient 56 726 622 17 74 70 6 117 100 17 75 69 9Dabur 176 2069 1869 11 289 241 20 358 294 22 261 211 24Dr.Reddy’s Labs 85 3758 3518 7 771 647 19 - - - 626 550 14Eicher Motors 27 2917 2245 30 352 229 54 437 301 45 222 157 41Elgi Equipments 16 327 324 1 21 16 31 30 23 30 14 13 8Emami 23 590 482 22 77 71 8 100 96 4 88 71 24Essar Oil 1450 16340 24855 -34 1560 1155 35 1305 926 41 1063 691 54Ester Inds. 42 211 234 -10 15 12 25 15 11 44 4 2 100

Page 15: Kompella Investment Adviser September 2015 Edition

JUNE QUARTER PERFORMANCE

KOMPELLA PORTFOLIO INVESTMENT ADVICE15

SEPTEMBER, 2015

JUNE QUARTER PERFORMANCEQuarter ended 30th June, 2015

GP(Rs. crs)30.06.15

Equity(Rs. crs)

TI(Rs. crs)30.06.15

TI(Rs. crs)30.06.14

GP(Rs. crs)30.06.14

Company/ Bank OP(Rs. crs)30.06.14

PAT(Rs. crs)30.06.15

OP(Rs. crs)30.06.15

% CH

Note- Figures rounded off, consolidated figures taken wherever possible & Other Income included in profit

% CH % CH% CH PAT(Rs. crs)30.06.14

Eveready Inds. 36 348 324 7 30 23 30 30 24 27 16 11 45Exide Inds. 85 1800 1909 -6 229 259 -12 269 300 -10 155 185 -16Force Motors 13 640 545 17 35 15 133 69 47 48 36 19 89Foseco India 6 76 66 15 13 9 44 14 11 29 9 6 50GAIL (India) 1268 12565 13372 -6 736 811 -9 959 1124 -15 424 621 -32GATI 18 416 397 5 21 31 -32 23 30 -25 8 12 -33GHCL 100 587 560 5 131 114 15 95 93 2 61 61 -Glaxo. Pharma 85 629 662 -5 105 109 -4 148 154 -4 93 98 -5Godrej Consumer 34 2098 1889 11 292 220 33 292 224 31 199 143 39Granules India 20 346 311 11 47 41 15 56 46 21 27 23 17Greaves Cotton 49 381 423 -10 51 36 42 77 50 53 43 29 48GSFC 80 1084 1243 -13 132 138 -4 168 181 -8 101 108 -6Guj. Pipavav Port 483 185 168 10 75 82 -9 104 98 7 80 81 -1Gujarat Fluoro. 11 1413 891 59 207 129 60 227 133 71 74 44 68Gulf Oil Lub. 10 230 226 2 33 28 18 33 28 17 20 18 11Hatsun Agro 11 867 703 23 53 18 194 64 26 145 29 7 314HDFC 315 11436 10039 14 2449 2125 15 2472 2137 16 2204 1873 18HDFC Bank 502 16503 13071 26 4850 3844 26 - - - 2696 2233 21Heritage Foods 23 578 506 14 20 10 100 25 15 71 11 5 120HIL 7 404 361 12 59 46 28 69 56 22 39 31 26Himatsingka Seide 49 469 503 -7 64 43 49 53 36 46 41 22 86Hindustan Zinc 845 3630 3007 21 1487 1150 29 2222 2062 8 1921 1618 19HUL 216 8105 7716 5 1432 1250 15 1625 1552 5 1059 1057 -ICICI Bank 1161 15802 14617 8 5038 4517 12 - - - 2976 2655 12Idea Cellular 3599 8798 7561 16 1712 1349 27 2949 2276 30 931 728 28IDFC 1594 2226 2123 5 1921 1864 3 409 548 -25 254 482 -47IFB Agro Inds. 9 154 131 18 11 5 120 15 10 56 7 4 75Igarashi Motors 31 109 90 21 21 10 110 29 19 51 16 10 60IIFL Holdings 62 961 790 22 590 469 26 204 159 28 108 94 15Indiabulls Housing 71 1829 1364 34 1635 1200 36 697 541 29 511 424 21Indiabulls Ventures 58 96 82 17 55 47 17 38 42 -9 27 27 -Indian Bank 480 4495 4144 8 709 607 17 - - - 215 207 4Indusind Bank 531 3448 2874 20 923 749 23 - - - 525 421 25Info Edge (I) 120 172 145 19 19 44 -57 45 61 -27 29 40 -28Infosys 1144 14354 12770 12 3447 3211 7 - - - 3030 2886 5Inox Wind 222 636 304 109 80 43 86 75 33 127 51 23 122International Paper 40 299 285 5 20 16 25 27 21 26 8 4 100International Travel 8 51 46 11 7 5 40 12 9 35 6 5 20ITC 802 8588 9293 -8 3128 2994 4 3690 3598 3 2265 2361 -4Jagran Prakashan 65 481 440 9 112 83 35 136 106 29 180 55 227Jindal Saw 61 1912 1149 66 194 100 94 213 137 56 104 55 89JK Tyre 45 1760 1854 -5 254 153 66 227 123 85 118 55 115JM Financial 79 383 262 46 266 161 65 151 88 71 72 58 24Just Dial 70 169 135 25 42 28 50 56 44 27 33 28 18Jyothy Labs 18 414 385 8 50 44 14 59 51 17 45 42 7K P R Mill 38 623 594 5 85 69 23 111 94 18 50 39 28Kajaria Ceramics 16 549 502 9 76 68 12 87 74 17 46 39 18

Page 16: Kompella Investment Adviser September 2015 Edition

JUNE QUARTER PERFORMANCE

KOMPELLA PORTFOLIO INVESTMENT ADVICE16

SEPTEMBER, 2015

JUNE QUARTER PERFORMANCEQuarter ended 30th June, 2015

GP(Rs. crs)30.06.15

Equity(Rs. crs)

TI(Rs. crs)30.06.15

TI(Rs. crs)30.06.14

GP(Rs. crs)30.06.14

Company/ Bank OP(Rs. crs)30.06.14

PAT(Rs. crs)30.06.15

OP(Rs. crs)30.06.15

% CH

Note- Figures rounded off, consolidated figures taken wherever possible & Other Income included in profit

% CH % CH% CH PAT(Rs. crs)30.06.14

Kanoria Chemicals 22 83 91 -9 9 5 80 11 8 37 6 3 100Karnataka Bank 188 1348 1254 8 239 188 27 - - - 109 122 -11Karur Vysya Bank 122 1519 1462 4 296 213 39 - - - 135 122 11KEC International 51 1878 1721 9 118 81 46 73 37 96 30 11 173Kitex Garments 5 109 103 6 25 22 14 31 26 20 16 14 14Kotak Mah. Bank 456 4584 2686 71 597 666 -10 - - - 190 430 -56L&T 186 20252 18975 7 1668 1704 -2 1841 2263 -19 606 967 -37L&T Fin Holdings 1721 1718 1438 19 1219 1067 14 296 410 -28 192 286 -33Lakshmi Vilas Bank 179 693 585 18 110 70 57 - - - 40 28 43LIC Housing Fin 101 2946 2509 17 559 454 23 581 491 19 382 322 19Lumax Inds. 9 318 275 16 17 7 143 24 14 71 11 5 120Lupin 90 3150 3341 -6 716 1006 -29 890 1141 -22 525 625 -16M&M Financial 113 1505 1377 9 855 880 -3 181 274 -34 107 170 -37Maruti Suzuki 151 13425 11428 17 1518 803 89 2342 1586 48 1193 762 57MindTree 84 982 844 16 141 146 -3 - - - 138 129 7Mirza International 19 250 212 18 37 24 54 34 21 59 18 10 80MRF 4 3539 3337 6 694 383 81 792 456 74 447 230 94Muthoot Finance 398 1140 1088 5 848 804 5 297 293 1 183 180 2NCC 111 2016 1810 11 156 129 21 93 37 148 3 -21 -NHPC 11071 2007 2055 -2 895 962 -7 1327 1158 15 767 616 25NIIT Technologies 61 362 332 9 54 43 26 104 70 49 72 45 60Nitin Spinners 46 196 133 47 28 16 75 28 18 54 12 9 33Novartis India 16 224 209 7 0.35 -4.02 - 21 22 -1 13 14 -7NTPC 8245 17085 18337 -7 2200 2419 -9 2946 3399 -13 2135 2201 -3OBC 300 5569 5576 - 1044 1142 -9 - - - 258 365 -29Oberoi Realty 328 210 175 20 115 87 32 133 103 29 80 64 25OCC India 11 679 542 25 94 66 42 112 90 24 49 36 36Omkar Speciality 21 90 54 67 15 8 88 14 6 122 8 5 60P I Industries 14 555 471 18 124 98 27 142 114 25 87 72 21Persistent Systems 80 500 435 15 74 72 3 117 118 -1 67 69 -3Petronet LNG 750 8377 10161 -18 281 281 - 333 315 6 248 157 58Pfizer 46 484 435 11 404 368 10 128 116 11 54 38 42PNB 371 13432 12825 5 3132 3125 - - - - 721 1405 -49Pokarna 6 96 62 55 24 6 300 21 6 233 12 -1 -Pressman Adv 5 15 9 67 2 1 100 2 1 58 1.34 1.25 7PVR 42 486 362 34 83 26 219 88 37 141 58 8 625R Systems 13 166 161 3 21 20 5 26 24 8 14 14 0Religare Ent. 178 1044 866 21 548 418 31 132 78 69 37.15 0.12 30858Renaissance Jew. 19 253 222 14 10 7 43 11 8 31 5 2 150RIL 3236 77130 104640 -26 7136 6207 15 11107 10458 6 6222 5957 4Sasken Comm. 21 109 108 1 9 8 13 17 14 18 10 8 25Savita Oil Tech. 15 391 490 -20 23 15 53 25 16 55 12 6 100Shriram Trans. 227 2352 2016 17 1671 1426 17 488 454 8 321 306 5Siemens 71 2376 2374 - 197 -4 - 307 77 301 168 13 1192Sintex Industries 44 1471 1345 9 156 153 2 179 141 27 69 62 11SJVN 4137 776 675 15 512 460 11 763 660 16 484 424 14

Page 17: Kompella Investment Adviser September 2015 Edition

JUNE QUARTER PERFORMANCE

KOMPELLA PORTFOLIO INVESTMENT ADVICE17

SEPTEMBER, 2015

JUNE QUARTER PERFORMANCEQuarter ended 30th June, 2015

GP(Rs. crs)30.06.15

Equity(Rs. crs)

TI(Rs. crs)30.06.15

TI(Rs. crs)30.06.14

GP(Rs. crs)30.06.14

Company/ Bank OP(Rs. crs)30.06.14

PAT(Rs. crs)30.06.15

OP(Rs. crs)30.06.15

% CH

Note- Figures rounded off, consolidated figures taken wherever possible & Other Income included in profit

% CH % CH% CH PAT(Rs. crs)30.06.14

Skipper 10 236 183 29 29 22 32 21 16 37 10 7 43SKS Microfinance 126 241 152 59 138 80 73 80 50 59 61 49 24Sonata Software 11 479 417 15 47 37 27 55 44 26 38 32 19South Indian Bank 135 1481 1466 1 181 221 -18 181 264 -32 65 127 -49Srikalahasthi Pipes 40 256 217 18 56 29 93 53 25 111 34 13 162Star Ferro 22 409 323 27 80 59 36 103 90 15 42 24 75State Bk of Mysore 48 1952 1868 5 270 303 -11 - - - 94 75 25State Bk of Trav. 71 2652 2644 - 465 281 65 - - - 81 50 62Sterlite Tech. 79 975 564 73 86 42 105 57 42 38 20 9 122Sun TV 197 691 634 9 279 229 22 431 387 11 197 166 19Sundaram Clayton 10 345 316 9 16 14 14 53 39 35 34 23 48Sundaram Finance 111 555 541 3 418 417 - 165 200 -18 99 122 -19Surya. Cotton 17 187 182 3 19 17 12 18 16 11 7 6 17Sutlej Textiles 16 463 492 -6 44 42 5 55 55 - 30 36 -17Suzlon Energy 965 2628 4672 -44 105 -106 - 1142 -555 - 1047 -751 -Syndicate Bank 662 6323 5523 14 1039 1014 2 1039 1014 3 302 485 -38Tata Chemicals 255 4067 3850 6 377 397 -5 390 427 -9 153 176 -13Tata Coffee 19 396 375 6 51 68 -25 60 74 -20 25 30 -17TCS 196 25668 22111 16 6724 5935 13 7931 7621 4 5684 5568 2Tech Mahindra 481 6294 5122 23 762 779 -2 1060 1014 5 676 631 7Thermax 24 1001 839 19 75 43 74 108 74 46 62 41 51Tinplate Company 105 229 184 24 26 14 86 53 34 53 23 11 109Titan Co 89 2709 2891 -6 200 250 -20 226 265 -14 151 177 -15TN Newsprint 69 648 486 33 101 67 51 101 74 36 52 26 100Torrent Cables 9 92 62 48 5 -0.4 - 7 2 200 4.84 0.32 1413Torrent Pharma 85 1947 1114 75 850 324 162 918 370 148 449 256 75Torrent Power 472 3003 2563 17 545 276 97 539 296 82 173 86 101Trident 509 879 913 -4 115 102 13 154 126 22 61 32 91TTK Prestige 12 349 336 4 34 36 -6 36 42 -13 22 27 -19TVS Motor 48 2621 2305 14 121 98 23 160 134 20 90 72 25UltraTech Cement 274 6432 6032 7 900 799 13 1134 1186 -4 591 627 -6Union Bank of India 636 9043 8548 6 1488 1372 8 - - - 519 664 -22United Bank 840 2897 3004 -4 578 574 1 - - - 52 66 -21UPL 86 3064 2757 11 479 419 14 445 458 -3 275 289 -5Vardhman Textiles 63 1653 1706 -3 253 201 26 323 290 11 146 106 38Vedanta 297 17017 17137 -1 2275 3537 -36 3782 3289 15 866 1341 -35Vesuvius India 20 169 158 7 27 20 35 35 26 34 19 14 36Vijaya Bank 859 3289 3190 3 393 290 36 - - - 143 161 -11Visaka Inds. 16 321 312 3 26 21 24 32 30 5 14 11 27V-Mart Retail 18 205 165 24 17 13 31 21 18 14 11 9 22Wabco India 9 385 324 19 56 39 44 79 53 47 47 31 52Welspun India 100 1388 1177 18 281 204 38 328 234 41 163 105 55Wipro 494 12371 11246 10 2402 2377 1 3135 2996 5 2188 2103 4Yes Bank 418 3797 3093 23 908 632 44 - - - 551 432 28Zensar Tech. 44 706 612 15 98 73 34 120 88 36 76 56 36Zydus Wellness 39 104 101 3 15 13 15 24 21 12 20 17 18

Page 18: Kompella Investment Adviser September 2015 Edition

18

STEEL EXCHANGE INDIA LTD#303, My Home Lakshmi Nivas, Green Lands, Ameerpet, Hyderabad - 500 016.

Notes:1. The above results were reviewed by the Audit committee and approved by the Board of Directors in their respective meetings held on 12.08.2015 and a

limited review of the same was carried out by the Statutory Auditors of the Company.2. Consequent to the amalgamation of Simhadri Power with the Company, quarter ended 30.06.2014 figures are not comparable with the current quarter

30.06.2015 figures.3. Consequent to the approval of the amalgamation in November 2014, the Company has identified “sale of Power” as separate business segment other than

sale of Steel considering the requirements under Accounting Standard - 17 on “Segment Reporting” and accordingly the disclosures have been made fromthe quarter ending 31.12.2014 onwards. Further, as the Company’s products are sold primarily in India there is no reportable secondary segment i.e.Geographical Segment.

4. No provision for Income Tax has been made as the company has unabsorbed losses consequent to the merger of GSAL(India) Limited.5. Other income includes interest, lease rentals received and miscellanoeous income.6. Previous period/quarter figures have been re arranged/ regrouped wherever considered necessary.

Place: VisakhapatnamDate: 12-08-2015

For and on behalf of the Board

B.SATISH KUMARChairman & Managing Director

Part I Statement of Stand-alone Un-Audited Results for the Quarter ended 30th June, 2015 (`̀̀̀̀ in lakhs)

ParticularsSl.

(Unaudited)30.06.2015 30.06.2014

Year ended

(Audited)(Unaudited) (Unaudited)31.03.2015

1 Income from Operations(a) Net Sales/Income from Operations(Net of excise duty) 31,766.97 41,515.23 29,676.44 1,56,536.85(b) Other Operating Income

Total Income from operations (net) 31,766.97 41,515.23 29,676.44 1,56,536.85 2 Expenses(a) Cost of materials consumed 9,783.06 12,319.68 10,103.53 52,343.99(b) Purchases of stock-in-trade 13,540.54 24,326.17 13,162.01 78,646.68(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (99.89) (2,887.54) (500.05) (3,673.84)(d) Employees benefits expense 568.76 589.34 452.90 2,281.42(e) Depreciation and amortisation expense 598.40 638.17 430.03 2,501.81(f) Other expenses 3,458.36 2,600.18 3,385.10 9,423.81

Total expenses 27,849.23 37,586.02 27,033.50 141,523.87 3 Profit/(Loss) from operations before other income, finance costs and exceptional items (1-2) 3,917.74 3,929.22 2,642.94 15,012.98 4 Other Income 116.65 459.36 206.84 1,226.40 5 Profit/(Loss) from ordinary activities before finance costs and Exceptional Items (3+4) 4,034.39 4,388.57 2,849.77 16,239.39 6 Finance costs 3,169.38 3,657.44 1,944.32 12,762.91 7 Profit/(Loss) from ordinary activities after finance costs but before Exceptional Items (5-6) 865.01 731.14 905.45 3,476.48 8 Exceptional Items - - - - 9 Profit/(Loss) from ordinary activities before Tax (7+8) 865.01 731.14 905.45 3,476.4810 Tax Expense - 630.82 630.8211 Net Profit / (Loss) from Ordinary activities after Tax (9-10) 865.01 100.32 905.45 2,845.6612 Extraordinary items (net of tax) - - - -13 Net Profit / (Loss) for the period (11+/-12) 865.01 100.32 905.45 2,845.6614 Paid-Up Equity Share Capital (Face value of ̀ 10/- each) 5,793.27 5,195.00 5,195.00 5,195.0015 Reserves excluding Revaluation reserves as per balance sheet of previous accounting year - - - 17,820.8016 Earnings per Share (of Rs.10/- each) (not annualised)

a) Basic( before & after extraordinary items) 1.49 0.19 1.74 5.48b) Diluted( before & after extraordinary items) 1.18 0.13 1.56 3.75

CIN: L74100AP1999PLC031191

31.03.2015Quarter ended

Simhadri TMTWORLD CLASS STEEL BARS

SEGMENT REVENUE, RESULTS AND CAPITAL EMPLOYED FOR THE QUARTER ENDED 30TH JUNE, 2015 (`̀̀̀̀ in lakhs)1 Revenue by Business Segment:

Steel 31,149.78 48,225.92 NA 152,435.53Power 5,885.85 5,316.66 NA 22,714.91Total 37,035.63 53,542.57 NA 175,150.43Less: Inter Segment revenue 5,268.66 7,997.34 NA 18,613.58Net Sales / Income from Operations 31,766.97 45,545.23 NA 156,536.85

2 Segment Results (Profit) + / Loss (-) before tax and finance costs:Steel 2,799.78 3,569.62 NA 10,937.75Power 1,234.61 818.95 NA 5,301.64Total 4,034.39 4,388.57 NA 16,239.39Less: Finance Cost 3,169.38 3,657.44 NA 12,762.91Profit / (Loss) before tax 865.01 731.14 NA 3,476.48Segment Capital EmployedSteel Business 48,920.19 50,133.55 NA 50,133.55Power Business 30,613.99 30,744.51 NA 30,744.51Total : 79,534.18 80,878.06 NA 80,878.06

PART II Select Information for the Quarter ended 30th June, 2015A PARTICULARS OF SHAREHOLDING1 Public share holding

- Number of Shares 26,772,074 23,379,754 23,379,754 23,379,754- Percentage of Share holding 46.21 45.00 45.00 45.00

2 Promoter and Promoter group shareholdinga) Pledged/Encumbered

- Number of shares 24,471,069 24,471,069 10,288,850 24,471,069- Percentage of shares (as a % of the total shareholding of promoter and promoter group) 78.53 85.65 36.01 85.65- Percentage of shares (as a % of the total share capital of the company) 42.24 47.11 19.81 47.11

b) Non-Encumbered- Number of shares 6,689,577 4,099,177 18,281,396 4,099,177- Percentage of shares ( as a % of the total shareholding of promoter and promoter group) 21.47 14.35 63.99 14.35- Percentage of shares ( as a % of the total share capital of the company) 11.55 7.89 35.19 7.89

B. Investor Complaints for the quarter ended 30/06/2015 : Pending at the beginning of the quarter - 0; Received during the quarter - 9; Disposed off during the quarter - 6; Remainingunresolved at the end of the quarter -3.

Page 19: Kompella Investment Adviser September 2015 Edition

STOCK VALUATIONS

KOMPELLA PORTFOLIO INVESTMENT ADVICE19

SEPTEMBER, 2015

STOCK VALUATIONSYear ended 31st March, 2015

EPS(Rs.)

Equity(Rs. crs)

Networth(Rs. crs)

RoNW(%)

P/E RatioCompany/ Bank(Face Value)

PBT(Rs. crs)

BV(Rs.)

OP(Rs. crs)

TO/ TI(Rs. crs)

Note- Figures rounded off, consolidated figures taken wherever possible & Other Income included in profit

PAT(Rs. crs)

MP(Rs.)

31.08.15

P/BV

3M India (10) 11 808 13 1840 154 165 108 96 112.39 10789 717 15.05

Aditya B. Nuvo (10) 130 12868 11 26516 3688 2325 1416 109 18.77 2046 989 2.07

Akzo Nobel (10) 47 919 20 2527 209 275 186 40 32.43 1297 197 6.58

Alembic Pharma (2) 38 885 32 2056 - 359 283 15 47.68 715 47 15.21

Allcargo Log. (2) 25 1793 13 5629 318 317 240 19 16.11 306 142 2.16

Amara Raja Batt (1) 17 1700 24 4230 594 610 411 24 42.00 1008 100 10.08

Amrutanjan (2) 3 95 16 167 21 24 15 10 42.20 422 65 6.49

Asian Paints (1) 96 4742 29 14183 1969 2077 1395 15 56.60 849 49 17.33

Astra Mic. (2) 16 290 21 634 85 81 61 7 15.71 110 35 3.14

Aurobindo (1) 29 5156 31 12121 2231 2168 1576 54 13.94 753 177 4.25

Axis Bank (2) 474 44677 16 43844 13385 11057 7358 31 16.39 508 188 2.70

Bajaj Auto (10) 289 10692 26 21612 3849 4085 2814 97 23.02 2233 370 6.04

Bajaj Finance (10) 50 4810 19 5382 3569 1357 898 179 28.05 5021 959 5.24

Bajaj Finserv (5) 80 10961 15 7587 5472 3246 1690 106 17.08 1810 689 2.63

Bajaj Holdings (10) 111 13393 15 524 478 513 2029 182 8.70 1584 1203 1.32

Bank of Baroda (2) 444 38848 9 47366 9915 5421 3398 15 12.33 185 175 1.06

Bank of India (10) 666 26494 6 47853 7488 1795 1709 26 5.46 142 398 0.36

Bharat Forge (2) 47 3444 22 7625 1078 1122 764 33 35.39 1168 148 7.89

Biocon (5) 100 3270 15 3090 475 624 497 25 17.76 444 163 2.72

BPCL (10) 723 22549 21 242599 6751 7690 4807 66 13.38 883 312 2.83

Britannia Inds (2) 24 1242 55 7858 719 950 689 57 51.40 2930 104 28.17

Cadila Health (5) 102 4252 27 8651 1468 1446 1151 56 33.89 1898 208 9.13

Cairn India (10) 1875 58870 8 14646 5953 5109 4480 24 6.21 149 314 0.48

Can Fin Homes (10) 27 771 11 817 748 137 86 32 24.31 778 290 2.68

CARE (10) 29 359 38 261 154 197 138 48 25.52 1225 124 9.88

Cera Sanitary (5) 7 352 19 822 102 101 68 52 39.63 2061 271 7.61

Chola Invest. (10) 144 2674 17 3689 666 666 444 31 19.54 606 186 3.26

City Union Bank (1) 60 2696 15 3103 693 521 395 7 13.71 96 45 2.13

Coal India (10) 6316 40353 34 74120 15016 21584 13727 22 16.64 366 64 5.72

Colgate (1) 14 770 73 3982 747 780 559 41 47.68 1955 57 34.30

Container Corp (10) 195 7587 14 6149 991 1318 1055 54 26.39 1425 389 3.66

Cummins India (2) 55 2887 27 4406 655 937 786 28 39.25 1099 104 10.57

CYIENT (5) 56 1844 19 2736 330 446 353 31 18.77 582 164 3.55

Dabur India (1) 176 3354 32 7827 1201 1319 1066 6 45.50 273 19 14.37

DCB Bank (10) 282 1534 12 1588 277 208 191 7 18.43 129 54 2.39

Dewan Hsg (10) 146 4636 13 5982 - 943 621 43 10.67 459 318 1.44

Dr.Reddy’s Labs (5) 85 11130 20 14819 2629 2816 2218 130 33.10 4303 653 6.59

Emami (1) 23 1231 39 2217 506 592 486 21 56.76 1192 54 22.07

Engineers India (5) 168 2632 12 1741 204 477 313 9 20.78 187 78 2.40

Page 20: Kompella Investment Adviser September 2015 Edition

STOCK VALUATIONS

KOMPELLA PORTFOLIO INVESTMENT ADVICE20

SEPTEMBER, 2015

STOCK VALUATIONSYear ended 31st March, 2015

EPS(Rs.)

Equity(Rs. crs)

Networth(Rs. crs)

RoNW(%)

P/E RatioCompany/ Bank(Face Value)

PBT(Rs. crs)

BV(Rs.)

OP(Rs. crs)

TO/ TI(Rs. crs)

Note- Figures rounded off, consolidated figures taken wherever possible & Other Income included in profit

PAT(Rs. crs)

MP(Rs.)

31.08.15

P/BV

Federal Bank (2) 171 7733 13 8298 1628 1521 1006 12 5.08 61 90 0.68

Force Motors (10) 13 1317 8 2364 66 125 101 77 29.31 2257 999 2.26

GAIL (10) 1268 34023 9 60704 4218 4492 3071 24 12.33 296 268 1.10

G E Shipping (10) 151 7431 10 3438 - 798 748 50 7.36 368 493 0.75

Glaxo Pharma (10) 85 1852 25 3288 602 749 472 56 60.66 3397 219 15.51

Godrej Con. (1) 34 4311 21 8276 1278 1249 907 27 49.33 1332 127 10.49

Godrej Inds (1) 34 3227 12 9231 388 519 402 12 30.75 369 96 3.84

Granules India (1) 20 431 21 1293 156 128 91 4 31.00 124 21 5.91

Grasim Inds (10) 92 23081 8 32847 3581 3443 1744 190 18.14 3447 2512 1.37

Gruh Finance (2) 73 711 29 1060 - 301 204 6 40.17 241 20 12.05

Gujarat Fluro. (1) 11 4180 14 5341 750 826 585 53 12.45 660 380 1.74

HDFC (2) 315 45072 19 48316 10042 10117 8763 56 21.18 1186 286 4.15

HDFC Bank (2) 501 62009 16 57466 17404 15329 10216 41 25.05 1027 247 4.16

Hindustan Zinc (2) 845 43353 19 14788 6775 9570 8178 19 6.68 127 103 1.23

HSIL (2) 14 1323 6 1981 207 134 85 12 21.92 263 183 1.44

HUL (1) 216 4021 109 31972 5091 6320 4363 20 43.05 861 19 45.32

ICICI Bank (2) 1160 80422 14 61267 19720 15820 11175 19 14.63 278 139 2.00

ICRA (10) 10 429 15 322 89 100 65 65 61.26 3982 429 9.28

Idea Cellular (10) 3598 23027 14 31571 5508 4933 3193 9 17.33 156 64 2.44

IDFC (10) 1593 17275 10 9640 7921 2346 1707 11 11.82 130 108 1.20

Indra. Gas (10) 140 2098 21 3681 644 649 438 31 15.42 478 150 3.19

IndusInd Bank (10) 529 10254 17 12096 3098 2709 1794 34 25.24 858 194 4.42

Insecticides Ind (10) 13 293 19 964 97 64 55 43 10.30 443 231 1.92

Inox Wind (10) 222 1392 21 2710 437 389 296 13 28.15 366 63 5.81

ITC (1) 802 31679 31 38835 13174 14362 9663 12 27.08 325 40 8.13

Jamna Auto (10) 40 180 16 1095 63 47 29 7 28.29 198 45 4.40

JK Cement (10) 70 1617 9 3399 296 144 144 21 29.80 626 231 2.71

JK Tyre (2) 45 1401 24 7384 773 486 330 15 7.20 108 62 1.74

JM Financial (1) 78 2438 14 1392 926 517 331 4 11.50 46 31 1.48

JSW Steel (10) 242 22229 8 52972 5968 2539 1797 74 12.43 920 920 1.00

Jyothy Labs (1) 18 780 16 1515 130 125 121 7 45.00 315 43 14.50

Kajaria Ceram. (2) 16 741 24 2187 298 270 176 22 31.23 687 93 6.00

Kaveri Seed (2) 14 754 40 1161 295 310 301 44 11.16 491 109 4.27

Kotak Mah. Bank (5) 386 22138 14 21423 4756 4550 3045 39 16.72 652 287 5.82

L&T (2) 186 40894 12 92005 8713 7217 4765 51 31.43 1603 440 3.12

LIC Housing (2) 101 7818 18 10669 1973 2102 1386 27 16.41 443 155 8.00

LMW (10) 11 1282 17 2488 211 301 220 195 18.08 3525 1137 2.25

Lupin (2) 90 8874 27 12770 3185 3415 2403 53 36.53 1936 197 8.83

M&M Fin. Ser. (2) 113 5943 15 6021 4003 1400 913 16 15.81 253 105 1.25

Page 21: Kompella Investment Adviser September 2015 Edition

STOCK VALUATIONS

KOMPELLA PORTFOLIO INVESTMENT ADVICE21

SEPTEMBER, 2015

STOCK VALUATIONSYear ended 31st March, 2015

EPS(Rs.)

Equity(Rs. crs)

Networth(Rs. crs)

RoNW(%)

P/E RatioCompany/ Bank(Face Value)

PBT(Rs. crs)

BV(Rs.)

OP(Rs. crs)

TO/ TI(Rs. crs)

Note- Figures rounded off, consolidated figures taken wherever possible & Other Income included in profit

PAT(Rs. crs)

MP(Rs.)

31.08.15

P/BV

Magma Fincorp (2) 38 1655 11 2354 1424 223 181 9 9.67 87 87 1.00

Marico (1) 65 1825 31 5733 786 822 573 9 45.11 406 28 14.50

Maruti Suzuki (5) 151 20978 18 49971 4243 4868 3711 123 33.87 4167 694 6.00

MCX (10) 51 1202 10 222 62 170 125 25 40.28 1007 236 4.27

MindTree (10) 84 2012 27 3562 607 691 536 64 21.81 1396 240 5.82

MM Forgings (10) 12 238 21 503 75 69 51 42 14.62 614 197 3.12

Motherson Sumi (1) 88 3314 26 35032 2282 1817 862 10 30.40 304 38 8.00

Nandan Denim (10) 46 259 20 1097 106 71 51 11 11.63 128 57 2.25

Natco Pharma (10) 33 846 16 825 166 134 135 41 54.90 2251 255 8.83

NMDC (1) 396 32257 20 12365 7593 9747 6401 16 6.31 101 81 1.25

NTPC (10) 8245 82094 12 80622 11948 10456 9986 12 10.08 121 100 1.21

Oberoi Realty (10) 328 4634 7 923 473 498 317 10 22.50 225 141 1.60

ONGC (5) 4278 178916 10 160895 24305 27370 18334 21 11.38 239 209 1.14

Page Inds (10) 11 387 51 1543 301 293 196 176 80.69 14202 347 40.93

Persistent Sys. (10) 80 1406 21 1891 296 390 291 36 19.47 701 176 3.98

P C Jeweller (10) 179 1990 19 6349 701 539 378 21 19.00 399 111 3.60

Pennar Inds. (5) 60 402 9 1446 118 67 36 3 16.33 49 33 1.49

P I Industries (1) 14 896 27 1940 323 355 246 18 40.00 720 66 10.90

PNB (2) 371 34496 9 52206 11955 3957 3062 17 8.53 145 186 0.79

Power Grid (10) 5232 38439 13 17659 9906 6399 5046 10 13.50 135 73 1.85

REC (10) 987 25073 21 20384 7386 7552 5344 54 4.69 253 254 1.00

Reliance Cap (10) 253 13324 8 8787 3799 1231 1001 40 7.88 315 527 0.60

Reliance Infra (10) 263 26172 7 17198 2078 1384 1800 68 5.03 342 68 5.03

RIL (10) 3236 217948 11 375435 25817 30996 23566 73 11.72 856 674 1.27

SAIL (10) 4131 43588 5 45844 2859 2393 2118 5 10.00 50 106 0.47

SBI (1) 747 128438 10 174973 38914 19314 13102 18 13.72 247 172 1.44

Shilpi Cable (10) 103 519 31 3213 252 178 160 16 3.81 61 51 1.20

Shriram City (10) 66 4216 14 3562 2172 867 571 87 18.77 1633 642 2.54

Shriram Trans. (10) 227 9266 11 9177 6322 1650 1028 45 18.07 813 408 2.00

Sintex Inds. (1) 42 4698 11 7035 950 713 529 12 7.83 94 111 0.85

Skipper (1) 10 320 28 1313 193 137 89 9 15.44 139 31 4.48

SKS Microfin. (10) 126 1046 18 724 394 194 188 15 30.80 462 83 5.57

SML Isuzu (10) 14 303 12 1106 46 49 37 26 44.65 1161 209 5.56

SMS Pharma (10) 8 259 14 579 69 67 35 42 13.62 572 306 1.87

Sonata Soft. (1) 11 428 31 1682 165 182 134 13 10.85 141 41 3.44

Sun Pharma (1) 207 26459 17 27433 6769 6404 4541 22 40.86 899 128 7.02

Sundaram Clay (5) 10 1235 17 11340 478 478 212 105 18.49 1941 610 3.18

Page 22: Kompella Investment Adviser September 2015 Edition

STOCK VALUATIONS

KOMPELLA PORTFOLIO INVESTMENT ADVICE22

SEPTEMBER, 2015

STOCK VALUATIONSYear ended 31st March, 2015

EPS(Rs.)

Equity(Rs. crs)

Networth(Rs. crs)

RoNW(%)

P/E RatioCompany/ Bank(Face Value)

PBT(Rs. crs)

BV(Rs.)

OP(Rs. crs)

TO/ TI(Rs. crs)

Note- Figures rounded off, consolidated figures taken wherever possible & Other Income included in profit

PAT(Rs. crs)

MP(Rs.)

31.08.15

P/BV

Sundaram Fin. (10) 111 3750 15 4238 2585 860 576 52 27.92 1452 338 4.30

Sutlej Textiles (10) 16 558 21 1878 162 148 115 70 6.74 472 341 1.38

Suven Life (1) 13 559 19 521 159 152 109 9 24.22 218 44 4.96

Tata Coffee (1) 19 793 15 1691 290 266 120 6 15.00 90 42 2.14

Tata Global (1) 63 5452 5 7993 642 500 248 4 30.00 120 86 1.40

Tata Motors (2) 644 56239 25 262796 25850 21703 13986 43 7.91 340 175 1.94

TCS (1) 196 50635 39 94648 22683 26298 19852 101 25.39 2564 259 9.90

Tech Mahindra (5) 480 12127 22 22621 3541 3618 2628 27 19.07 515 126 4.09

Thermax (2) 24 2267 15 4697 406 497 336 28 33.93 950 190 5.00

Torrent Pharma (5) 85 2491 30 4653 829 940 751 44 36.52 1607 147 10.93

Torrent Power (10) 472 6556 5 10423 1386 740 360 8 19.38 155 139 1.12

TTK Prestige (10) 12 644 14 1388 130 133 92 79 49.82 3936 553 7.12

Tube Inv. (2) 37 2328 18 9698 1064 1003 424 23 17.48 402 124 3.24

TVS Motor (1) 48 1645 21 10098 451 456 348 7 32.00 224 35 6.40

UltraTech Cem. (10) 274 19041 11 24349 3222 2986 2098 76 38.02 2890 694 4.16

UPL (2) 86 5860 20 12091 1938 1410 1144 27 18.63 503 137 3.67

Voltas (1) 33 2102 18 5183 382 514 384 12 22.75 273 64 4.27

Wipro (2) 494 40798 21 47318 9542 11168 8653 35 16.34 572 165 3.47

Yes Bank (10) 418 11680 17 13618 3250 2910 2005 48 14.35 689 280 2.46

Zensar Tech. (10) 44 1157 23 2656 350 366 265 60 13.93 836 261 3.20

Zicom Elect. (10) 20 364 14 1108 109 60 51 25 5.56 139 180 0.77

Zydus Well. (10) 39 406 27 431 92 120 109 28 31.17 873 104 8.39

Gillette India (10) 33 643 8 1750 49 81 51 16 311.81 4989 197 25.33

P&G (10) 32 1003 30 2051 386 460 302 93 65.00 6045 309 19.56

Shree Cement (10) 35 4711 17 5887 840 815 787 226 47.70 10780 1352 7.97

Supreme Inds (2) 25 1038 27 3962 - 414 283 22 26.86 591 82 7.21

Symphony (2) 7 233 42 466 136 136 99 28 71.68 2007 67 29.96

MRF (10) 4 4518 20 13198 1505 1339 898 2118 19.07 40392 10655 3.79

Siemens (2) 71 4375 14 10663 365 844 603 17 74.41 1265 123 10.29

ABB India (2) 42 2812 8 7733 443 355 229 11 111.64 1228 133 9.23

Ambuja Cem. (2) 310 10103 15 9978 1419 1783 1496 10 20.70 207 65 3.19

Castrol India (5) 247 497 96 3392 681 726 475 10 43.00 430 10 43.00

Foseco (10) 6 98 25 263 35 38 25 38 34.21 1300 153 8.50

Year ended 30th June, 2014

Year ended 30th Sept., 2014

Year ended 31st Dec., 2014

Page 23: Kompella Investment Adviser September 2015 Edition

MARCH QUARTER PERFORMANCE

KOMPELLA PORTFOLIO INVESTMENT ADVICE23

SEPTEMBER, 2015

MARCH QUARTER PERFORMANCEQuarter ended 31st March, 2015

GP(Rs. crs)31.03.15

Equity(Rs. crs)

TI(Rs. crs)31.03.15

TI(Rs. crs)31.03.14

GP(Rs. crs)31.03.14

Company/ Bank OP(Rs. crs)31.03.14

PAT(Rs. crs)31.03.15

OP(Rs. crs)31.03.15

% CH

Note- Figures rounded off, consolidated figures taken wherever possible & Other Income included in profit

% CH % CH% CH PAT(Rs. crs)31.03.14

3M India 11 477 439 9 57 34 68 77 51 50 42 25 68Aban Offshore 12 991 1052 -6 457 495 -8 354 349 2 114 160 -29ABB India 42 1815 1828 -1 101 98 3 124 105 18 54 52 4Aditya Birla Nuvo 130 7073 7111 -1 931 737 26 1037 773 34 332 176 89Advanta 18 310 300 3 46 39 18 34 35 -3 26 24 8Akzo Nobel India 47 592 612 -3 48 52 -8 75 86 -13 45 55 -18Allahabad Bank 571 5391 5238 3 1009 835 21 - - - 203 158 28Allcargo Logistics 25 1415 1283 10 68 22 209 116 51 128 55 12 358Alstom T&D 51 1368 1313 4 90 109 -17 91 117 -22 54 62 -13Amara Raja Batt. 17 1070 888 21 150 119 26 187 139 34 102 80 28Ambuja Cements 310 2463 2651 -7 352 469 -25 584 703 -17 318 520 -39Amrutanjan Health 3 49 42 17 8 9 -11 10 10 3 6 6 -Andhra Bank 603 4699 4058 16 1003 850 18 - - - 185 88 110Apollo Tyres 51 3118 3229 -3 430 359 20 474 429 10 307 282 9Asain Paints 96 3535 3307 7 492 423 16 589 495 19 341 287 19Ashok Leyland 285 4506 3077 46 347 74 369 398 463 -14 230 363 -37Ashoka Buildcon 79 803 608 32 136 77 77 84 84 - 38 14 171Atul Auto 11 122 113 8 14 10 40 15 13 20 9 8 13Aurobindo Pharma 29 3162 2330 36 571 657 -13 641 755 -15 404 502 -20Axis Bank 474 12384 10179 22 4013 3248 24 - - - 2181 1842 18Bajaj Auto 289 4739 4932 -4 774 887 -13 986 1116 -12 622 764 -19Bajaj Finance 50 1429 1076 33 941 703 34 354 287 24 231 182 27Bajaj Finserv 80 2406 2055 17 1803 1643 10 1211 1221 -1 707 708 -Bajaj Holdings 111 84 63 33 75 55 36 77 88 -13 525 591 -11Bank of Baroda 444 12057 11615 4 2694 2580 4 - - - 598 1157 -48Bank of Mah. 1063 3599 3372 7 676 467 45 - - - 113 57 98Bharat Forge 47 1224 931 31 310 171 81 358 240 49 203 119 71Biocon 100 838 729 15 127 121 5 307 192 60 202 113 79Bosch 31 2389 2444 -2 325 310 5 586 540 8 287 326 -12Britannia Inds. 24 2064 1812 14 204 147 39 280 178 58 167 108 55Cadila Healthcare 102 2288 1969 16 420 306 37 501 334 50 350 239 46Can Fin Homes 27 227 162 40 207 150 38 40 29 40 23 20 15Canara Bank 475 12429 11610 7 1733 1882 -8 - - - 613 611 -Caplin Point 15 64 43 49 14 10 40 16 12 31 11 7 57Carborundum Uni. 19 477 536 -11 53 41 29 132 67 98 66 25 164CARE 29 78 76 3 51 50 2 55 59 -7 35 41 -15Castrol India 247 799 817 -2 180 138 30 234 161 45 147 100 47Central Bank 1658 7322 6962 5 878 827 6 - - - 174 162 7Century Plyboards 22 409 343 19 67 51 31 71 40 78 48 29 66Cera Sanitaryware 7 250 218 15 32 32 - 36 35 1 22 19 16Chola. Investment 144 942 844 12 204 138 48 213 148 45 137 92 49City Union Bank 60 794 721 10 179 144 24 - - - 99 83 19CMC 30 666 623 7 84 125 -33 101 143 -30 71 89 -20Coal India 6316 21340 20564 4 5267 5089 4 7689 7486 3 4239 4434 -4Colgate - Palmol. 14 1029 927 11 227 187 21 255 200 28 164 132 24Container Corp. 195 1497 1297 15 237 216 10 429 381 13 293 246 19

Page 24: Kompella Investment Adviser September 2015 Edition

MARCH QUARTER PERFORMANCE

KOMPELLA PORTFOLIO INVESTMENT ADVICE24

SEPTEMBER, 2015

MARCH QUARTER PERFORMANCEQuarter ended 31st March, 2015

GP(Rs. crs)31.03.15

Equity(Rs. crs)

TI(Rs. crs)31.03.15

TI(Rs. crs)31.03.14

GP(Rs. crs)31.03.14

Company/ Bank OP(Rs. crs)31.03.14

PAT(Rs. crs)31.03.15

OP(Rs. crs)31.03.15

% CH

Note- Figures rounded off, consolidated figures taken wherever possible & Other Income included in profit

% CH % CH% CH PAT(Rs. crs)31.03.14

Coromandel Int. 29 2998 2184 37 133 158 -16 129 142 -9 69 81 -15Corporation Bank 168 5385 5033 7 965 637 51 - - - 45 42 7CYIENT 56 730 595 23 72 91 -21 125 105 20 94 70 34Dabur 176 1950 1769 10 317 269 18 380 320 19 285 235 21DCB Bank 282 425 341 25 68 50 36 - - - 63 39 62Dena Bank 561 2908 2867 1 378 448 -16 - - - 56 187 -70Dewan Housing 146 1582 1417 12 - - - 256 210 22 162 141 15Dr.Reddy’s Labs 85 3870 3481 11 612 586 4 - - - 519 482 8Eicher Motors 27 2568 1924 33 289 174 66 400 277 44 195 139 40Elecon Eng. 22 176 163 8 27 22 23 47 27 75 23 11 109Emami 23 554 446 24 129 101 28 163 125 30 138 111 24Engineers India 168 489 495 -1 89 74 20 174 149 16 109 104 5Eveready Inds. 36 275 257 7 11 5 120 13 8 61 5 1 400Exide Inds. 85 1652 1615 2 199 186 7 244 229 6 138 132 5Federal Bank 171 2214 2017 10 469 420 12 - - - 281 277 1Finolex Cables 31 658 649 1 40 63 -37 90 78 15 47 69 -32Force Motors 13 703 566 24 39 24 63 80 81 -2 46 45 2Foseco India 6 65 64 2 10 6 67 11 8 42 7 5 40GE Shipping 151 884 799 11 - - - 298 232 28 137 67 104GHCL 100 641 599 7 129 101 28 99 64 55 51 38 34GIC Housing 54 199 164 21 38 34 12 39 35 13 27 25 8Gillette India 33 494 456 8 38 10 280 54 22 148 31 8 288Glaxo Consumer 42 1216 1120 9 239 213 12 323 278 16 197 172 15Glaxo. Pharma 85 620 610 2 121 103 17 160 152 5 103 97 6Godrej Consumer 34 2092 1932 8 364 329 11 382 335 14 266 236 13Godrej Inds. 34 2309 1992 16 92 85 8 183 154 18 139 114 22Grasim Inds. 92 8820 8418 5 1131 1138 -1 1466 1547 -5 507 679 -25Gruh Finance 73 305 254 20 - - - 106 94 13 74 74 -Gujarat Fluoro. 11 1553 1194 30 193 104 86 493 116 327 328 46 613Gujarat Gas 26 546 772 -29 72 54 33 105 96 10 63 49 29Gujarat Pipavav 483 188 156 21 96 75 28 83 78 6 67 61 10HCL Technologies 281 4386 4046 8 1674 1592 5 1989 1862 7 1565 1413 11HDFC 315 14726 12266 20 3260 2804 16 3290 2846 16 2646 2415 10HDFC Bank 501 15570 12790 22 4722 3779 25 - - - 2807 2327 21Hindalco Inds. 207 9372 8435 11 610 600 2 465 446 4 160 248 -35Hindustan Zinc 845 4126 3643 13 1952 1551 26 2559 2324 10 1997 1881 6HSIL 14 559 629 -11 75 70 7 88 88 - 40 29 38HUL 216 7676 7094 8 1248 1012 23 1596 1289 24 1018 872 17ICICI Bank 1160 16235 14465 12 5468 4453 23 - - - 2922 2652 10ICRA 10 93 80 16 32 29 10 37 34 10 23 22 5IDBI Bank 1604 9382 7867 19 2489 1850 35 - - - 546 518 5Idea Cellular 3598 8423 7044 20 1577 1090 45 2959 2034 46 942 590 60IDFC 1593 2571 2205 17 1938 1586 22 471 359 31 382 258 48Indiabulls Housing 71 1878 1322 42 1576 1086 45 754 471 60 551 451 22Indiabulls Ventures 52 112 79 42 69 46 50 64 45 43 51 28 82

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MARCH QUARTER PERFORMANCE

KOMPELLA PORTFOLIO INVESTMENT ADVICE25

SEPTEMBER, 2015

MARCH QUARTER PERFORMANCEQuarter ended 31st March, 2015

GP(Rs. crs)31.03.15

Equity(Rs. crs)

TI(Rs. crs)31.03.15

TI(Rs. crs)31.03.14

GP(Rs. crs)31.03.14

Company/ Bank OP(Rs. crs)31.03.14

PAT(Rs. crs)31.03.15

OP(Rs. crs)31.03.15

% CH

Note- Figures rounded off, consolidated figures taken wherever possible & Other Income included in profit

% CH % CH% CH PAT(Rs. crs)31.03.14

Indian Bank 480 4410 4235 4 817 703 16 - - - 206 271 -24Indraprastha Gas 140 917 966 -5 138 136 1 179 189 -5 96 90 7IndusInd Bank 529 3237 2702 20 851 719 18 - - - 495 396 25Infosys 572 13411 12875 4 3449 3281 5 - - - 3097 2992 4Inox Wind 222 930 689 35 165 52 217 158 48 232 118 46 157Insecticides (I) 13 161 135 19 10 7 43 8 6 38 6 5 20IOB 1235 6704 6476 4 1180 1191 -1 - - - 36 268 -87ITC 802 9293 9239 1 2994 2966 1 3598 3461 4 2361 2278 4Jamna Auto Inds. 40 342 245 40 28 9 211 35 11 215 15 3 400JK Paper 137 582 513 13 91 60 52 38 14 160 18 -14 -JK Tyre 45 1809 1912 -5 213 149 43 196 113 74 106 45 136JM Financial 78 392 254 54 270 136 99 163 75 116 93 59 58JSW Steel 242 12600 14342 -12 784 1705 -54 817 1746 -53 62 483 -87Jyothy Labs 18 401 360 11 33 24 38 39 28 39 27 21 29Kajaria Ceramics 16 588 523 12 88 73 21 96 80 20 52 42 24Karnataka Bank 188 1308 1173 12 189 89 112 - - - 134 81 65Karur Vysya Bank 122 1508 1468 3 260 209 24 - - - 138 120 15KCP 13 167 164 2 24 13 85 30 20 51 13 7 86KEC International 51 2521 2176 16 162 134 21 122 87 40 63 34 85Kitex Garments 5 158 142 11 60 39 54 62 35 77 42 21 100Kotak Mah. Bank 386 6172 4782 29 1441 979 47 - - - 913 663 38KPR Mill 38 677 632 7 70 64 9 92 105 -13 50 54 -7L&T 186 28023 27024 4 3021 4025 -25 3514 3515 - 2070 2840 -27L&T Fin. Hold. 1720 1635 1400 17 1153 1038 11 283 274 3 206 187 10La Opala RG 11 61 49 24 14 12 17 17 14 27 11 9 22Lakshmi Vilas Bank 179 664 571 16 103 78 32 - - - 40 21 90LIC Housing Fin. 101 2832 2443 16 547 487 12 578 523 10 378 370 2LMW 11 656 634 3 50 25 100 99 95 4 67 54 24Lupin 90 3078 3121 -1 682 803 -15 804 870 -8 547 553 -1Lycos Internet 95 445 408 9 121 60 102 143 93 53 77 35 120M&M Fin. Services 113 1665 1466 14 1214 1127 8 562 519 8 367 337 9Magma Fincorp 38 620 553 12 377 341 11 82 59 39 52 42 24Marico 65 1226 1072 14 151 132 14 184 160 15 110 89 24Maruti Suzuki 151 13625 12110 13 1504 692 117 2382 1611 48 1284 800 61MCX 51 59 64 -8 27 31 -13 72 74 -2 49 44 11MindTree 84 918 824 11 149 155 -4 196 147 33 129 98 32MM Forgings 12 127 107 19 18 12 50 26 21 21 11 8 38Motherson Sumi 88 9474 8407 13 707 654 8 859 789 9 340 303 12MRF 4 3312 3299 - 521 306 70 587 360 63 333 171 95Muthoot Fin. 398 1100 1153 -5 789 838 -6 278 291 -4 165 181 -9Nandan Denim 46 278 239 16 24 12 100 30 22 34 15 12 25Natco Pharma 33 201 184 9 37 29 28 43 40 9 54 24 125National Aluminium 1289 1801 1838 -2 330 168 96 739 395 87 355 172 106National Buildings 120 1814 1437 26 165 86 92 192 114 69 134 103 30NCC 111 2488 2288 9 193 136 42 174 33 426 41 3 1267

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MARCH QUARTER PERFORMANCE

KOMPELLA PORTFOLIO INVESTMENT ADVICE26

SEPTEMBER, 2015

MARCH QUARTER PERFORMANCEQuarter ended 31st March, 2015

GP(Rs. crs)31.03.15

Equity(Rs. crs)

TI(Rs. crs)31.03.15

TI(Rs. crs)31.03.14

GP(Rs. crs)31.03.14

Company/ Bank OP(Rs. crs)31.03.14

PAT(Rs. crs)31.03.15

OP(Rs. crs)31.03.15

% CH

Note- Figures rounded off, consolidated figures taken wherever possible & Other Income included in profit

% CH % CH% CH PAT(Rs. crs)31.03.14

Nitin Spinners 46 188 122 54 23 15 53 25 18 40 12 9 33Novartis India 16 208 201 3 16 7 129 54 33 64 52 24 117Oberoi Realty 328 345 221 56 168 119 41 183 133 37 103 77 34ONGC 4278 21647 21313 2 4524 5606 -19 9354 10558 -11 3935 4889 -20Ortel Comm. 30 45 33 36 12 6 100 11 5 135 6 -3 -P I Industries 14 537 363 48 75 44 70 106 56 90 60 45 33P&G Hygiene 32 555 501 11 111 100 11 137 125 10 87 81 7Page Inds. 11 380 284 34 72 58 24 73 59 24 47 35 34PC Jeweller 179 2020 1536 32 200 155 29 175 119 47 120 84 43Pennar Inds. 60 415 368 13 45 30 50 33 22 50 16 7 129Persistent Systems 80 497 447 11 78 85 -8 119 119 - 76 67 13Petronet LNG 750 7162 10428 -31 140 287 -51 212 339 -37 301 169 78Pfizer 46 463 274 69 91 71 28 143 89 61 43 56 -23Piramal Glass 81 488 458 7 44 18 144 47 31 52 6 -1 -Pitti Laminations 13 104 66 58 8 4 100 12 5 116 5 2 150PNB 371 13456 12498 8 3203 3173 1 - - - 307 806 -62PNB Housing 104 517 326 59 - - - 102 62 66 57 39 46Pokarna 6 103 67 54 23 6 283 24 5 369 14 10 40Power Grid Corp. 5232 4703 3986 18 2640 2308 14 3227 2762 17 1412 1176 20Prestige Estates 375 676 601 12 133 112 19 159 142 12 114 95 20R S Software 13 83 93 -11 21 16 31 26 20 30 15 16 -6Rain Inds. 67 2539 3139 -19 234 235 - 223 156 44 84 50 68Ramakrishna Forg. 27 242 135 79 35 13 169 37 15 152 35 5 600REC 987 5333 4443 20 1622 1600 1 1661 1649 1 1097 1192 -8Reliance Capital 253 2469 1788 38 1102 889 24 551 339 63 407 267 52Reliance Inds 3236 67470 103428 -35 7081 6516 9 11363 10545 8 6381 5881 9Repco Home Fin. 62 191 150 27 52 43 21 53 44 22 35 31 13S E Investments 41 47 52 -10 32 38 -16 17 27 -36 4 11 -64SBH 21 4146 3780 10 877 868 1 - - - 446 444 -SBI 747 48616 42443 15 12409 10628 17 - - - 3742 3041 23Shilpi Cable Tech. 103 902 664 36 74 49 51 50 32 59 42 28 50Shipping Corp. 466 1077 1282 -16 128 38 237 316 230 38 101 13 677Shree Cement 35 1576 1665 -5 78 264 -70 360 370 -3 120 223 -46Shriram City 66 919 833 10 560 538 4 242 228 6 155 151 3Shriram Transport 227 2421 2150 13 1503 1557 -3 260 483 -46 84 315 -73Siemens 71 2653 2706 -2 195 127 54 292 193 52 162 88 84Sintex Inds. 42 2176 1983 10 337 276 22 364 261 39 198 161 23SJVN 4137 386 312 24 151 94 61 388 296 31 185 145 28Skipper 10 500 431 16 62 34 82 53 18 189 30 11 173SKS Microfinance 126 198 138 43 103 73 41 48 28 69 41 27 52SMC Global 23 101 74 36 21 12 75 23 12 86 14 7 100SML Isuzu 14 322 224 44 15 6 150 21 10 109 13 8 63SMS Pharma 8 158 163 -3 23 18 28 28 22 26 10 11 -9Sonata Software 11 393 341 15 44 29 52 50 35 43 35 24 46Srikalahasthi Pipes 40 301 248 21 46 23 100 53 24 127 30 17 76Star Ferro 22 507 381 33 95 78 22 134 99 36 55 38 45

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MARCH QUARTER PERFORMANCE

KOMPELLA PORTFOLIO INVESTMENT ADVICE27

SEPTEMBER, 2015

MARCH QUARTER PERFORMANCEQuarter ended 31st March, 2015

GP(Rs. crs)31.03.15

Equity(Rs. crs)

TI(Rs. crs)31.03.15

TI(Rs. crs)31.03.14

GP(Rs. crs)31.03.14

Company/ Bank OP(Rs. crs)31.03.14

PAT(Rs. crs)31.03.15

OP(Rs. crs)31.03.15

% CH

Note- Figures rounded off, consolidated figures taken wherever possible & Other Income included in profit

% CH % CH% CH PAT(Rs. crs)31.03.14

State Bank of B&J 70 2635 2454 7 615 504 22 - - - 280 238 18State Bank of Mys. 48 2051 1825 12 402 361 11 - - - 136 107 27State Bank of Tra. 59 2703 2773 -3 468 340 38 - - - 192 49 292Sun Pharma 207 6157 4059 52 330 1695 -81 1151 1991 -42 888 1587 -44Sundaram Clayton 10 350 330 6 15 19 -21 54 31 77 33 12 175Sundaram Fin. 111 578 548 5 412 413 - 144 166 -13 91 100 -9Supreme Inds. 25 1152 1005 15 - - - 182 110 66 102 58 76Sutlej Textiles 16 468 482 -3 38 36 6 54 55 -2 27 21 29Suven Life 13 111 131 -15 22 45 -51 25 47 -47 17 32 -47Symphony 7 146 116 26 51 35 46 51 36 43 37 27 37Take Solutions 12 215 197 9 33 13 154 47 34 38 27 13 108Tamilnad Mer. Bank 0.28 835 767 9 179 176 2 - - - 135 80 69Tata Coffee 19 450 397 13 86 45 91 94 43 120 39 16 144Tata Global Bev. 63 1923 1910 1 163 154 6 76 175 -57 4 69 -94Tata Motors 644 67576 65317 3 4582 6875 -33 6628 8179 -19 1717 3918 -56Tata Power 270 8240 8902 -7 1408 1097 28 1047 1016 3 159 -145 -TCS 196 24220 21551 12 3811 6314 -40 5406 7398 -27 3713 5358 -31Tech Mahindra 480 6117 5058 21 756 929 -19 845 975 -13 472 614 -23Techno Electric 11 221 221 0 30 11 173 38 -3 - 23 -12 -Thermax 24 1521 1383 10 142 119 19 208 165 26 132 106 25Titagarh Wagons 20 118 74 59 10 -2 - 16 4 285 9 2 350Torrent Pharma 85 1154 1225 -6 102 327 -69 215 340 -37 130 244 -47Torrent Power 472 2616 2204 19 502 310 62 562 343 64 182 177 3Triveni Turbine 33 196 132 48 31 24 29 47 32 45 29 19 53Tube Investments 37 2367 2283 4 277 219 26 370 247 50 148 69 114TVS Motor 48 2457 2160 14 104 107 -3 147 108 36 91 52 75TVS Srichakra 8 465 457 2 45 34 32 63 27 132 34 22 55Uco Bank 1076 5263 5309 -1 1227 1373 -11 - - - 209 285 -27UltraTech Cement 274 6597 6315 4 1077 1027 5 1275 1303 -2 657 865 -24Union Bank 636 9384 8445 11 1652 1320 25 - - - 444 579 -23United Bk of India 840 3153 3117 1 792 543 46 - - - 105 469 -78Vijaya Bank 859 3406 3029 12 312 333 -6 - - - 97 136 -29Visaka Inds. 16 285 238 20 17 11 55 20 13 49 6 5 20V-Mart Retail 18 171 139 23 2 2 - 6 5 22 2 1 100Voltamp Trans. 10 170 144 18 7 6 17 15 15 -3 12 10 20Voltas 33 1490 1463 2 135 98 38 169 147 15 118 100 18VST Industries 15 219 189 16 56 57 -2 70 85 -17 41 52 -21Welspun Corp. 132 2375 1534 55 269 46 485 344 129 166 144 13 1008Welspun India 100 1366 1185 15 244 137 78 317 186 70 161 82 96Wendt (India) 20 33 30 10 4 2 100 6 4 49 4 2 100Wipro 494 12171 11704 4 2456 2581 -5 3239 3181 2 2272 2227 2Yes Bank 418 3679 3014 22 938 680 38 - - - 551 430 28Zensar Tech. 44 668 608 10 92 84 10 98 81 20 72 55 31Zicom Electronic 20 331 306 8 34 28 21 28 20 42 18 14 29Zydus Wellness 39 98 101 -3 12 19 -37 22 26 -15 20 22 -9

Page 28: Kompella Investment Adviser September 2015 Edition

KOMPELLA PORTFOLIO INVESTMENT ADVICE

FUNDAMENTALS : READY REFERENCE

SEPTEMBER, 201528

3M India 31.03.15 11.27 716.70 1840.30 153.51 164.56 108.34 96.13 11641 121.10 3 1506 518.59 59.34 60.67 39.50ABB India 31.12.14 42.38 132.70 7733.27 442.88 355.21 228.51 10.78 1322 122.63 3 1506 1931.62 112.54 88.93 57.45 2.00Aban Offshore 31.03.15 11.55 937.50 4040.84 1780.86 734.22 544.94 94.36 288 3.05 3 1506 981.54 424.59 199.12 135.36 2.00Aditya Birla Chem. 31.03.15 23.39 190.68 1125.70 182.93 92.84 37.29 15.94 230 14.43 3 1506 287.99 59.85 35.12 20.36Aditya Birla Fin. 31.03.15 450.36 44.07 1780.45 474.73 410.85 270.68 6.01 - - 6 1503 971.99 252.99 219.48 144.38Aditya Birla Money 31.03.15 5.54 3.90 119.08 0.21 5.61 5.90 1.06 23 21.70 3 1503 31.24 -0.19 0.96 0.96 1.00Aditya Birla Nuvo 31.03.15 130.14 988.78 26516.01 3687.51 2324.56 1415.50 108.77 70 2264 20.81 3 1503 7073.49 930.73 573.03 331.63Advanta 31.12.14 16.87 88.04 1512.55 204.22 82.01 83.54 9.90 537 54.24 6 1506 616.23 89.42 49.17 47.47 2.00Akzo Nobel India 31.03.15 46.66 196.86 2526.99 208.84 275.02 186.31 39.93 200 1376 34.46 3 1503 592.16 47.78 61.26 44.64Alembic Pharma 31.03.15 37.70 46.93 2056.12 359.08 282.93 15.01 730 48.63 3 1506 583.34 88.57 69.88 2.00Allahabad Bank 31.03.15 571.38 206.41 21712.13 4459.71 1603.05 620.90 10.87 94 8.65 3 1506 5396.44 1241.5 386.71 146.86Allcargo Logistics 31.03.15 25.21 142.25 5628.80 318.00 317.14 239.89 19.03 70 329 17.29 3 1503 1415.15 67.58 77.73 55.48 2.00Alstom T&D India 31.03.15 51.21 51.21 3721.30 242.75 170.18 120.57 4.71 526 111.68 3 1506 811.53 41.42 29.96 19.58 2.00Amara Raja Batt. 31.03.15 17.08 99.51 4230.07 593.82 609.86 410.86 24.06 361 1058 43.97 3 1503 1069.84 150.15 149.31 102.26 1.00Ambika Cotton Mi 31.03.15 5.88 512.26 495.54 69.78 63.76 51.18 87.04 865 9.94 3 1503 121.66 16.06 14.89 14.24Ambuja Cements 31.12.14 309.95 65.19 9978.12 1418.91 1783.41 1496.36 9.66 231 23.91 6 1506 4973.53 587.47 735.34 544.04 2.00Amrutanjan Health 31.03.15 2.92 65.03 166.57 20.53 24.32 15.07 10.32 468 45.35 3 1503 48.71 7.98 9.49 5.87 2.00Andhra Bank 31.03.15 602.85 155.12 17868.45 3298.44 1218.20 638.44 10.59 20 77 7.27 3 1506 4529.23 825.49 322.52 202.52Andhra Sugars 31.03.15 27.11 239.26 1107.46 37.11 11.67 -4.87 - 30 77 - 3 1506 185.30 -5.05 -9.40 1.00Anil 31.03.15 9.77 309.74 932.71 153.20 81.36 54.93 56.22 240 4.27 3 1506 218.40 31.72 11.89 7.70APL Apollo Tubes 31.03.15 23.44 201.41 3013.78 161.18 97.67 63.76 27.20 60 448 16.47 3 1506 965.06 47.57 32.99 21.85Apollo Tyres 31.03.15 50.91 98.98 12785.25 1542.31 1330.83 977.61 19.20 200 195 10.16 3 1503 3117.63 430.23 386.07 307.48 1.00Aro Granite Inds. 31.03.15 15.30 101.10 254.78 19.91 18.96 16.69 10.91 54 4.95 3 1506 59.85 4.87 1.95 1.42ARSS Infrastruct. 31.03.15 14.84 244.00 660.08 168.85 5.48 6.22 4.19 29 6.92 3 1503 197.43 52.96 5.12 4.36Arvind 31.03.15 258.24 95.07 7851.40 800.50 444.77 341.10 13.21 289 21.88 3 1503 2040.51 203.55 82.52 48.23Asahi India Glass 31.03.15 24.31 11.57 2099.39 198.29 50.62 38.11 1.57 159 101.27 3 1506 536.99 67.26 30.73 19.14 1.00Asahi Songwon 31.03.15 12.27 96.15 240.47 30.74 26.35 17.70 14.43 139 9.63 3 1503 51.74 7.38 6.13 4.27Ashok Leyland 31.03.15 284.59 13.34 15340.89 937.22 -41.56 133.89 0.47 95 202.13 3 1503 4505.70 347.02 288.02 229.97 1.00Ashoka Buildcon 31.03.15 78.98 79.00 2319.71 359.29 107.02 81.48 5.16 14 186 36.05 3 1506 630.23 126.13 21.13 12.38 5.00Asian Hotels(East) 31.03.15 11.44 740.93 99.52 15.60 20.92 15.03 13.14 170 12.94 3 1506 23.40 3.89 1.55 0.01Asian Paints 31.03.15 95.92 49.44 14183.49 1969.49 2076.87 1395.15 14.54 610 900 61.90 3 1506 3623.47 614.22 678.76 455.18 1.00ASM Technologies 31.03.15 5.00 95.82 109.43 15.08 12.85 8.28 16.56 134 8.09 3 1503 28.05 3.63 2.27 0.86Astra Microwave 31.03.15 16.37 35.43 634.34 84.85 81.44 60.73 7.42 60 119 16.04 3 1506 99.45 8.08 6.39 4.90 2.00Atlanta 31.03.15 16.30 88.74 540.58 103.46 55.98 48.34 5.93 46 7.76 3 1503 217.79 16.86 5.76 4.56 2.00Atul Auto 31.03.15 11.20 54.05 492.80 52.33 59.25 40.57 18.11 100 449 24.79 3 1503 122.48 13.58 13.71 8.63 5.00Aurobindo Pharma 31.03.15 29.20 176.57 12120.52 2231.01 2167.86 1575.77 53.96 400 818 15.16 3 1503 3162.1 571.42 556.75 403.80 1.00AVT Natural Prod. 31.03.15 15.23 12.72 256.59 43.43 44.20 30.08 1.98 36 18.18 3 1506 79.08 8.39 8.51 5.81 1.00Axis Bank 31.03.15 474.10 188.47 43843.64 13385.44 11056.83 7357.82 31.04 554 17.85 3 1506 12234.4 4092.1 2970.3 1978.4 2.00Axis Finance 31.03.15 318.25 18.54 224.26 119.96 117.39 78.16 2.46 - -Bajaj Auto 31.03.15 289.37 369.50 21612.01 3849.15 4084.79 2813.74 97.24 500 2543 26.15 3 1506 5613.5 1061.2 1497.9 1014.8Bajaj Finance 31.03.15 50.15 959.15 5381.80 3568.81 1356.94 897.87 179.04 180 5391 30.11 3 1506 1646.21 1089.9 422.43 275.63Bajaj Finserv 31.03.15 79.56 688.85 7587.01 5472.36 3246.15 1689.79 106.20 35 1884 17.74 3 1506 2211.7 1589.6 925.15 466.90 5.00Bajaj Holdings 31.03.15 111.29 1203.45 523.93 478.29 513.19 2029.24 182.34 320 1665 9.13 3 1506 163.35 151.19 152.90 613.16Balaji Amines 31.03.15 6.48 62.42 604.86 83.77 55.74 36.36 11.22 143 12.75 3 1506 159.64 24.59 19.54 12.82 2.00Balmer Lawrie 31.03.15 28.50 316.86 2740.37 140.11 210.44 147.44 51.73 630 12.18 3 1503 613.95 62.66 94.20 68.91Bank of Baroda 31.03.15 443.56 175.16 47365.55 9915.10 5420.60 3398.43 15.32 160 209 13.64 3 1506 12243.7 2201.9 1602.2 1052.2 2.00Bank of India 31.03.15 665.65 398.02 47852.81 7487.77 1795.05 1708.92 25.67 177 6.90 3 1506 11659.2 1704.2 189.48 129.72Bank of Maharash. 31.03.15 1063.18 66.32 13671.42 2355.09 813.38 450.69 4.24 36 8.49 3 1503 3598.89 676.40 244.49 112.72Bata India (15m) 31.03.15 64.26 158.91 2693.99 255.75 328.94 231.34 36.00 65 1180 32.78 3 1503 491.32 30.73 72.90 58.44BEML 31.03.15 41.64 498.71 2802.09 16.31 5.45 5.93 1.42 1338 3 1503 1279.33 149.55 169.00 168.85Berger Paints India 31.03.15 69.33 18.17 4322.06 418.22 404.10 264.70 3.82 226 59.16 3 1506 1121.19 125.22 122.46 77.30 2.00BGR Energy Syst. 31.03.15 72.16 186.29 3365.00 283.82 78.70 42.15 5.84 133 22.77 3 1506 894.07 72.62 17.50 11.44Bhagiradha Chem. 31.03.15 5.05 97.68 219.63 7.68 3.04 2.52 4.99 10 107 21.44 3 1503 58.36 1.63 0.72 0.60Bharat Electronics 31.03.15 80.00 985.63 6842.66 990.12 1466.69 1167.24 145.91 3645 24.98 3 1506 1095.33 -45.75 79.76 60.70Bharat Forge 31.03.15 46.57 150.13 4548.05 1079.47 1057.32 718.98 30.88 225 1281 41.48 3 1506 1128.54 281.82 289.36 195.32 2.00

Full Year Results 12M(Un-Audited)/3/6/9 Months ResultsCompany Year Equity

(Cr.)PBT(Cr.)

T.O.(Cr.)

O.P.(Cr.)

M PBT(Cr.)

PAT(Cr.)

F.V.OtherthanRs.10/-

B.V.(Rs.)

Turnover(Cr.)

PAT(Cr.)

EPS(Rs.)

Div(%)

MP(Rs.)19.08.15

P/ERatio

Pe-riod

O.P.(Cr.)

Page 29: Kompella Investment Adviser September 2015 Edition

KOMPELLA PORTFOLIO INVESTMENT ADVICE

FUNDAMENTALS : READY REFERENCE

SEPTEMBER, 201529

BHEL 31.03.15 489.52 140.50 30147.52 1447.36 2187.29 1452.38 5.93 262 44.18 3 1503 12368.4 1399.7 1379.0 888.35 2.00Biocon 31.03.15 100.00 163.48 3089.81 474.89 624.13 497.43 24.87 478 19.22 3 1506 832.99 154.38 173.48 126.24 5.00Birla Corporation 31.03.15 77.01 339.81 3209.89 148.15 212.88 175.44 22.78 520 22.83 3 1503 797.15 8.12 35.25 28.46Bosch (15m) 31.03.15 31.40 2339.8 12085.48 1432.91 1955.85 1337.65 426.00 25393 59.61 3 1503 2388.86 324.53 443.00 287.45BPCL 31.03.15 723.08 311.84 242598.50 6750.89 7690.47 4806.57 66.47 887 13.34 3 1503 51346.1 3796.9 4239.9 2852.9Brigade Enterprises 31.03.15 112.74 120.34 1310.83 283.86 172.48 95.23 8.45 146 17.28 3 1503 301.86 74.43 47.20 29.74Britannia Industries 31.03.15 23.99 103.50 7858.42 719.43 949.59 688.64 57.41 3294 57.38 3 1506 2018.6 261.08 278.40 189.66 2.00Brooks Labs 31.03.15 16.19 68.83 85.21 5.77 10.35 9.47 5.85 83 14.19 3 1503 23.51 1.77 2.72 2.34B S 31.03.15 43.98 12.57 1904.93 235.97 105.89 68.58 1.56 29 18.59 3 1503 535.18 71.39 36.17 22.56 1.00Butterfly Gandhim. 31.03.15 17.88 125.77 531.82 32.28 4.22 2.83 1.58 176 111.39 3 1506 234.43 12.71 6.18 4.17Cadila Healthcare 31.03.15 102.37 207.66 8651.34 1468.46 1445.53 1150.59 56.20 240 2002 35.62 3 1503 2288.23 420.33 425.82 350.38 5.00Cairn India 31.03.15 1874.85 314.00 14646.20 5953.16 5109.09 4479.60 23.89 90 152 6.36 3 1506 2627.1 413.81 975.75 834.98Canara Bank 31.03.15 475.20 556.68 48300.29 6950.37 3497.63 2702.63 56.87 105 342 6.01 3 1506 12252.6 2003.6 643.84 478.84Can Fin Homes 31.03.15 26.62 289.81 817.03 747.74 137.45 86.24 32.40 803 24.78 3 1506 242.53 223.40 50.69 32.10Cantabil Retail 31.03.15 16.33 44.35 138.68 7.96 2.57 2.89 1.77 66 37.29 3 1506 31.70 2.36 1.30 1.24Carborundum Univ. 31.03.15 18.82 57.72 2050.17 163.06 220.41 132.60 7.05 172 24.40 3 1506 495.79 56.57 57.45 33.25 1.00CARE 31.03.15 28.99 124.32 257.21 157.11 199.38 140.33 48.41 80 1254 25.90 3 1506 48.44 23.09 26.02 17.49Castrol India 31.12.14 247.30 10.04 3392.30 680.60 726.30 474.50 9.59 480 50.05 6 1506 1722.80 446.40 504.60 331.20 5.00CCL Products 31.03.15 26.61 31.69 880.57 144.42 133.82 93.98 7.06 238 33.71 3 1506 219.65 41.80 39.84 30.22 2.00Central Ba. of India 31.03.15 1658.27 94.33 28303.01 3559.12 890.40 606.45 3.66 105 28.69 3 1503 7321.50 877.62 260.45 174.29Centum Electronics 31.03.15 12.57 133.77 488.00 82.51 86.59 43.35 34.49 781 22.64 3 1503 124.28 18.03 21.71 13.71Century Enka 31.03.15 21.85 323.75 1218.53 72.92 62.62 36.57 16.74 240 14.34 3 1506 303.29 30.74 20.55 13.63Century Plyboards 31.03.15 22.25 17.35 1564.81 219.44 179.80 150.82 6.78 188 27.73 3 1506 370.92 56.68 44.75 39.69 1.00Cera Sanitaryware 31.03.15 6.50 270.54 821.67 102.07 100.93 67.66 52.05 125 2081 39.98 3 1506 194.26 24.56 24.00 15.67 5.00Cesc 31.03.15 133.00 543.53 6189.00 1206.00 883.00 698.00 52.48 566 10.79 3 1506 1704.00 295.00 200.00 152.00Chaman Lal Setia 31.03.15 9.43 70.97 510.57 35.03 29.72 20.08 21.29 184 8.64 3 1506 130.74 16.04 15.42 10.18Chennai Petro. 31.03.15 149.00 111.08 41865.96 -375.36 -742.39 -38.99 - 240 - 3 1503 8823.95 435.16 364.57 364.57Cheviot Co. 31.03.15 4.51 642.95 267.00 20.54 42.32 34.58 76.67 609 7.94 3 1503 89.59 8.99 18.71 15.43Cholamandalam Inv. 31.03.15 143.73 186.07 3688.50 665.57 666.23 444.14 30.90 663 21.46 3 1506 986.70 171.60 171.77 111.10City Union Bank 31.03.15 59.66 45.18 3102.96 692.65 521.02 395.02 6.62 110 99 14.95 3 1503 793.64 178.82 131.58 99.08 1.00CMC 31.03.15 30.30 447.25 2513.49 335.98 331.42 277.12 91.46 275 2115 23.12 3 1506 672.24 77.84 86.73 56.28Coal India 31.03.15 6316.36 63.89 74120.07 15015.6 21583.9 13726.7 21.73 207 356 16.38 3 1503 21339.6 5266.8 6991.4 4238.6Colgate Palmolive 31.03.15 13.60 56.64 3981.94 747.22 780.39 558.98 41.10 2400 1992 48.47 3 1506 190.15 176.55 153.98 114.28 1.00Container Corpo. 31.03.15 194.97 391.63 5573.70 923.83 1294.57 1047.55 53.73 1626 30.26 3 1506 1420.85 197.19 277.00 206.90Coromandel Inter. 31.03.15 29.13 75.59 11306.43 748.91 591.98 401.79 13.79 221 16.03 3 1506 2181.18 66.20 21.73 14.47 1.00Corporation Bank 31.03.15 167.54 125.16 21038.91 3027.45 475.46 584.26 6.97 70 53 7.60 3 1503 5385.28 965.37 38.87 45.07Cox & Kings 31.03.15 84.66 150.42 2569.09 813.20 233.65 91.78 5.42 258 47.60 3 1503 489.62 143.24 96.86 64.57 5.00Cummins India 31.03.15 55.44 104.13 4405.80 655.33 937.39 785.85 28.35 700 1180 41.62 3 1503 1133.51 156.83 221.97 190.44 2.00CYIENT 31.03.15 56.18 164.12 2735.93 329.54 445.55 353.20 31.43 561 17.85 3 1506 726.31 73.93 98.83 74.83 5.00Dabur India 31.03.15 175.65 19.10 7827.20 1201.43 1319.36 1065.83 6.07 200 297 48.93 3 1506 2069.49 289.11 325.27 261.11 1.00Danlaw Tech. 31.03.15 3.72 64.17 11.36 0.78 2.64 1.88 5.05 42 8.32 3 1506 3.84 1.14 1.47 1.05DB Corp 31.03.15 183.65 70.14 2009.51 474.11 492.26 316.34 17.23 318 18.46 3 1506 473.36 101.06 105.75 66.46DCB Bank 31.03.15 282.01 54.39 1588.14 277.45 208.03 191.18 6.78 139 20.50 3 1503 425.12 68.00 53.69 62.95DCM Shriram 31.03.15 32.64 113.88 5639.18 288.53 228.36 210.80 12.92 124 9.60 3 1506 1805.9 155.19 139.37 122.62 2.00Dena Bank 31.03.15 561.15 118.96 11484.82 1330.28 67.66 265.48 4.73 45 9.51 3 1506 2914.87 226.30 -98.45 15.16Dewan Hsg Fin Cor 31.03.15 145.68 318.22 5981.64 943.04 621.29 42.65 500 11.72 3 1503 1582.48 251.08 162.28Dr. Reddy’s Labs 31.03.15 85.19 653.26 14818.89 2628.60 2816.26 2217.86 130.17 400 4231 32.50 3 1506 3757.8 771.17 797.72 625.65 5.00Eicher Motors 31.12.14 27.10 928.36 8738.32 894.96 992.62 615.36 227.07 21236 93.52 6 1506 5484.70 641.41 678.94 417.12E.I.D. - Parry (I) 31.03.15 17.58 126.39 13952.64 767.41 455.28 116.79 6.64 143 21.54 3 1503 3685.04 241.19 190.81 137.56 1.00EIH 31.03.15 114.31 41.80 1689.16 183.22 145.06 67.03 1.17 116 99.15 3 1503 392.73 76.97 77.24 47.91 2.00Electrosteel Cast. 31.03.15 35.70 55.01 2153.78 210.84 96.34 72.67 2.04 23 11.27 3 1506 479.03 45.53 17.10 11.88 1.00Elecon Engineering 31.03.15 21.79 49.16 1328.89 98.18 33.93 16.34 1.50 81 54.00 3 1503 175.96 27.10 32.37 22.79 2.00Elgi Equipments 31.03.15 15.85 31.13 1314.27 51.82 68.39 48.10 3.03 100 146 48.18 3 1506 326.51 21.04 20.34 13.73 1.00Emami 31.03.15 22.70 54.21 2217.25 505.77 592.45 485.61 21.39 700 1314 61.43 3 1506 589.87 77.19 91.34 87.75 1.00Engineers India 31.03.15 168.47 78.11 1741.25 204.14 476.97 312.71 9.28 100 211 22.74 3 1503 488.54 88.81 168.49 108.87 5.00

Full Year Results 12M(Un-Audited)/3/6/9 Months ResultsCompany Year Equity

(Cr.)PBT(Cr.)

T.O.(Cr.)

O.P.(Cr.)

M PBT(Cr.)

PAT(Cr.)

F.V.OtherthanRs.10/-

B.V.(Rs.)

Turnover(Cr.)

PAT(Cr.)

EPS(Rs.)

Div(%)

MP(Rs.)19.08.15

P/ERatio

Pe-riod

O.P.(Cr.)

Page 30: Kompella Investment Adviser September 2015 Edition
Page 31: Kompella Investment Adviser September 2015 Edition

KOMPELLA PORTFOLIO INVESTMENT ADVICE

FUNDAMENTALS : READY REFERENCE

SEPTEMBER, 201532

Entertainment Net. 31.03.14 47.67 121.72 384.81 93.08 115.62 83.62 17.54 670 38.20 6 1409 197.63 50.16 65.24 47.65Equitas Micro Fin. 31.03.15 198.75 19.12 437.98 113.09 104.13 68.55 3.45 - - 6 1503 229.18 59.59 55.46 36.68Esab India 31.12.14 15.39 173.66 445.26 30.51 35.18 25.02 16.26 601 36.96 9 1412 111.50 4.24 7.34 5.10Essar Oil 31.03.15 1450.00 26.87 83206.00 4321.00 1521.00 1527.00 10.53 182 17.28 3 1506 16340.0 1560.0 1063.0 1063.0Ester Industries 31.03.15 31.32 41.93 896.27 39.03 4.88 3.84 0.61 30 49.18 3 1506 210.97 14.77 5.76 3.84 5.00Eveready Ind. 31.03.15 36.34 85.96 1278.92 91.70 62.00 49.03 6.75 335 49.63 3 1506 348.16 29.61 22.54 15.89 5.00Exide Industries 31.03.15 85.00 47.44 6883.73 777.67 798.49 545.87 6.42 161 25.08 3 1506 1799.53 229.21 232.10 155.20 1.00Federal Bank 31.03.15 171.33 90.27 8297.77 1627.79 1521.04 1005.75 11.74 110 67 5.71 3 1503 2214.28 469.15 429.37 280.53 2.00Finolex Cables 31.03.15 30.59 82.69 2449.09 195.07 263.14 198.66 12.99 90 253 19.48 3 1503 658.19 39.76 68.35 46.86 2.00Finolex Industries 31.03.15 124.10 63.45 2476.15 154.69 80.78 47.78 3.85 20 274 71.17 3 1503 784.64 54.08 51.74 27.68Firstsource Sol. 31.03.15 666.29 31.35 3034.65 308.58 244.02 234.32 3.52 31 8.81 3 1506 746.94 72.47 62.82 56.41Forbes & Co. 31.03.15 12.90 104.84 287.38 2.15 -0.58 -0.58 - 1625 - 3 1506 64.96 2.94 -1.11 -1.11Force Motors 31.03.15 13.18 999.15 2363.72 65.72 124.94 101.36 76.90 50 2890 37.58 3 1506 640.01 35.01 49.40 35.76Fortis Malar Hosp. 31.03.15 18.61 48.61 117.93 4.82 11.67 7.66 4.12 49 11.89 3 1503 30.46 1.62 3.41 2.24Foseco India 31.12.14 6.39 153.18 263.36 34.54 37.74 24.59 38.48 1440 37.42 3 1506 75.96 12.69 13.09 8.57GAIL 31.03.15 1268.48 229.56 56741.98 3721.94 4284.36 3039.17 23.96 60 330 13.77 3 1506 12565.3 736.14 651.14 424.14Gallantt Ispat 31.03.15 28.24 115.67 563.46 40.21 30.18 27.11 9.60 407 42.40 3 1506 125.40 10.12 8.22 7.70GATI 31.03.15 17.50 62.03 1648.11 106.07 75.77 41.21 4.71 174 36.94 3 1506 416.24 20.88 13.65 7.83 2.00G E Shipping 31.03.15 150.78 492.81 3438.03 798.13 748.24 49.62 110 405 8.16 3 1503 884.24 141.95 136.97Geojit BNP Paribas 31.03.15 23.14 20.24 304.67 98.95 119.55 77.35 3.34 45 13.47 3 1503 77.57 22.28 26.50 17.26 1.00Geometric 31.03.15 12.89 63.28 1105.30 99.78 115.95 55.15 8.56 144 16.82 3 1506 297.56 18.24 33.28 19.13 2.00GHCL 31.03.15 100.02 69.49 2373.61 446.65 256.83 183.19 18.32 22 129 7.04 3 1506 586.86 130.68 75.33 61.33GIC Housing Fin. 31.03.15 53.85 122.63 732.74 153.70 153.70 102.96 19.12 204 10.67 3 1503 198.93 38.13 38.13 26.66Ginni Filaments 31.03.15 70.65 19.39 851.77 60.45 12.86 7.78 1.10 31 28.18 3 1503 226.96 15.93 3.11 1.55Glaxosmith. Con. 31.03.15 42.06 502.39 4307.50 667.99 889.14 583.60 138.75 550 6247 45.02 3 1503 1215.54 238.92 298.23 196.78Glaxosmith. Ph.(15m) 31.03.15 84.70 218.61 3287.58 601.84 748.63 471.65 55.68 625 3620 65.01 3 1506 628.31 105.09 142.58 93.28Global Spirits 31.03.15 28.80 123.29 585.67 20.01 10.30 7.07 2.45 68 27.76 3 1503 152.66 7.43 6.80 3.57GMR Infrastruct. 31.03.15 436.13 10.87 11087.68 742.11 -2806.41 -2733.29 - 13 - 3 1503 2912.91 264.62 -886.35 -891.90 1.00Godrej Consumer 31.03.15 34.04 126.64 8276.36 1277.78 1248.72 907.12 26.65 1274 47.80 3 1506 2097.66 291.70 268.56 199.23 1.00Godrej Industries 31.03.15 33.59 96.08 9230.51 388.39 518.79 402.47 11.98 175 386 32.22 3 1503 2308.79 91.99 157.68 138.96 1.00Granules India 31.03.15 20.43 21.10 1292.92 155.96 127.96 90.91 4.45 131 29.44 3 1506 345.94 47.10 40.92 27.15 1.00Graphite India 31.03.15 39.08 89.37 1710.66 93.21 106.88 57.59 2.95 75 25.42 3 1503 415.65 26.62 27.61 14.21 2.00Grasim Industries 31.03.15 91.87 2512.3 32847.34 3581.24 3443.35 1743.8 189.81 180 3736 19.68 3 1503 8819.6 1131.4 1048.9 506.68Greaves Cotton 31.03.15 48.84 33.41 1688.70 152.70 108.74 81.53 3.34 144 43.11 3 1506 380.66 51.02 65.68 43.34 2.00Greenply Industries 31.03.15 12.07 200.15 1564.25 157.85 138.78 121.82 50.46 60 937 18.57 3 1506 380.85 43.87 36.19 26.70 5.00Gruh Finance 31.03.15 72.68 19.58 1060.32 300.84 203.80 5.61 100 251 44.74 3 1503 304.99 104.89 74.06 2.00Gujarat Alkalies 31.03.15 73.44 290.94 1948.12 175.86 215.48 227.86 31.03 45 182 5.87 3 1506 475.15 52.18 56.51 43.99Gujarat Ambuja Ex 31.03.15 27.67 59.70 2531.30 103.72 97.76 84.17 6.08 51 8.39 3 1506 610.59 39.28 37.47 24.85 2.00Gujarat Gas Co. 31.03.15 25.65 121.42 2512.93 372.35 452.02 313.78 24.47 - - 3 1503 545.57 72.49 91.25 62.67 2.00Guj. Fluorochem. 31.03.15 10.99 380.31 5340.81 800.07 825.63 585.24 53.25 350 688 12.92 3 1506 1412.76 207.32 150.64 73.82 1.00Guj. Ind. Power 31.03.15 151.25 121.43 1214.72 302.76 249.49 126.35 8.35 85 10.18 3 1503 247.98 80.86 58.08 15.97Guj. Pip. Port (15m) 31.03.15 483.44 37.04 867.03 417.88 387.28 387.28 8.01 200 24.97 3 1506 184.68 74.58 80.42 80.42Guj State Fertilizers 31.03.15 79.70 112.03 5324.57 489.98 573.91 400.50 10.05 110 74 7.36 3 1506 1084.48 131.82 143.16 100.90 2.00Guj. State Petronet 31.03.15 562.98 67.14 1064.60 726.14 663.57 486.30 8.64 128 14.81 3 1503 238.71 139.74 125.06 67.10Gulf Oil Lubricants 31.03.15 9.91 188.80 967.48 124.57 116.04 77.41 15.62 175 - - 3 1506 230.42 33.03 31.10 20.47 2.00GVK Power & Infra 31.03.15 157.92 12.28 3049.65 34.11 -1277.70 -834.68 - 9 - 3 1503 846.30 212.08 -128.93 -108.66 1.00Hatsun Agro Prod. 31.03.15 10.87 20.37 2933.09 104.28 47.36 39.16 3.60 180 404 112.22 3 1506 867.11 53.07 37.97 28.69 1.00HBL Power Syst. 31.03.15 25.30 23.23 1330.07 94.41 25.32 14.62 0.58 46 79.31 3 1503 345.01 33.46 17.94 8.70 1.00HDFC 31.03.15 314.94 286.22 48315.69 10042.3 10116.6 8762.6 55.65 750 1256 22.57 3 1506 11436.2 2449.2 2453.6 2204.3 2.00HDFC Bank 31.03.15 501.30 247.39 57466.25 17404.47 15328.72 10215.9 40.76 400 1082 26.55 3 1506 16502.9 4849.9 4121.9 2695.7 2.00HDIL 31.03.15 419.00 257.87 1022.47 790.59 297.80 218.66 5.22 78 14.94 3 1503 156.45 160.97 45.94 31.89HEG 31.03.15 39.96 235.42 1240.52 120.71 44.32 39.00 9.76 178 18.24 3 1503 290.03 18.03 6.76 4.01Heritage Foods (I) 31.03.15 23.20 83.16 2072.97 48.04 39.29 28.36 12.22 30 414 33.88 3 1506 578.45 19.56 16.88 10.72Hester Biosciences 31.03.15 8.51 50.56 90.03 20.87 19.45 14.58 8.57 727 84.83 3 1506 24.52 6.83 5.64 4.66HIL 31.03.15 7.49 575.87 1107.79 85.02 91.95 66.86 89.27 200 781 8.75 3 1506 403.92 59.37 59.48 39.27

Full Year Results 12M(Un-Audited)/3/6/9 Months ResultsCompany Year Equity

(Cr.)PBT(Cr.)

T.O.(Cr.)

O.P.(Cr.)

M PBT(Cr.)

PAT(Cr.)

F.V.OtherthanRs.10/-

B.V.(Rs.)

Turnover(Cr.)

PAT(Cr.)

EPS(Rs.)

Div(%)

MP(Rs.)19.08.15

P/ERatio

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O.P.(Cr.)

Page 32: Kompella Investment Adviser September 2015 Edition

KOMPELLA PORTFOLIO INVESTMENT ADVICE

FUNDAMENTALS : READY REFERENCE

SEPTEMBER, 201533

Full Year Results 12M(Un-Audited)/3/6/9 Months ResultsCompany Year Equity

(Cr.)PBT(Cr.)

T.O.(Cr.)

O.P.(Cr.)

M PBT(Cr.)

PAT(Cr.)

F.V.OtherthanRs.10/-

B.V.(Rs.)

Turnover(Cr.)

PAT(Cr.)

EPS(Rs.)

Div(%)

MP(Rs.)19.08.15

P/ERatio

Pe-riod

O.P.(Cr.)

Himachal Futuristic 31.03.15 123.94 7.52 2551.08 212.56 189.91 189.89 1.53 15 9.80 3 1506 625.37 81.36 112.39 112.39 1.00Himatsingka Seide 31.03.15 49.23 81.75 1940.57 169.87 91.45 95.44 9.69 206 21.26 3 1506 468.51 64.08 41.86 40.79 5.00Hindalco Industries 31.03.15 206.52 185.59 104281.1 5354.01 340.23 854.21 4.14 100 86 20.77 3 1503 9371.6 610.11 227.37 159.53 1.00Hind. Unilever 31.03.15 216.35 17.21 30805.62 4921.55 6187.42 4315.26 19.95 876 43.91 3 1506 8105.1 1431.5 1549.8 1059.1 1.00Hindustan Zinc 31.03.15 845.06 102.60 14788.39 6775.39 9570.12 8178.00 19.35 220 141 7.29 3 1506 3630.17 1487.4 2049.5 1920.8 2.00Hitech Gears 31.03.15 18.77 96.79 431.93 27.32 26.30 18.42 9.81 327 33.33 3 1503 107.18 8.70 9.06 6.99HPCL 31.03.15 338.63 401.96 216594.1 2204.95 2234.58 1498.58 44.25 245 877 19.82 3 1503 44615.5 2959.3 3283.9 2162.4HSIL 31.03.15 14.46 183.00 1980.62 207.49 133.54 85.44 11.82 175 292 24.70 3 1503 558.91 74.97 57.52 39.80 2.00ICICI Bank 31.03.15 1159.66 138.70 61267.27 19719.91 15819.92 11175.4 19.27 250 305 15.83 3 1506 15802.5 5037.8 4082.4 2976.2 2.00ICRA 31.03.15 10.00 428.78 321.91 89.28 100.43 65.45 65.45 4197 64.13 3 1503 93.09 31.64 34.55 23.02IDBI Bank 31.03.15 1603.96 141.24 32161.62 5728.10 1287.33 873.39 5.45 70 12.84 3 1503 9382.4 2489.2 771.26 545.94Idea Cellular 31.03.15 3597.84 64.00 31570.89 5508.05 4932.53 3192.91 8.87 161 18.15 3 1506 8798.35 1712.5 1433.3 930.83IDFC 31.03.15 1592.78 108.46 9639.82 7921.24 2346.14 1706.95 10.72 142 13.25 3 1506 2225.86 1921.1 402.56 254.21IFB Agro Industries 31.03.15 9.37 236.53 595.05 21.79 25.91 15.57 16.62 355 21.36 3 1506 154.44 10.54 11.18 7.31IFB Industries 31.03.15 41.28 93.32 1261.50 45.93 59.27 49.73 12.05 528 43.82 3 1506 352.00 10.53 13.54 10.54IFMR Capital 31.03.15 78.37 28.11 151.79 51.48 49.79 38.23 4.88 - - 6 1503 91.78 36.19 35.22 27.03Igarashi Motors 31.03.15 30.61 81.98 385.08 60.25 71.65 48.95 15.99 681 42.59 3 1506 108.66 20.70 23.99 15.62IIFL Holdings 31.03.15 62.05 82.44 3653.69 2145.03 723.86 447.33 14.42 195 13.52 3 1506 961.16 589.57 187.69 107.65 2.00Indiabulls Housing 31.03.15 71.11 186.52 6449.30 5613.67 2472.53 1901.10 53.47 800 14.96 3 1506 1828.96 1635.3 692.25 511.27 2.00Indiabulls Ven. 31.03.15 52.24 12.20 335.36 181.83 194.09 150.64 5.77 33 5.72 3 1506 96.11 54.52 32.32 27.31 2.00Indiabulls Whole. 31.03.15 10.14 173.56 207.34 26.79 14.76 17.75 3.50 12 3.43 3 1503 49.57 5.03 -4.30 2.38 2.00India Cements 31.03.15 307.18 100.17 5082.66 482.21 4.35 -3.31 - 84 - 3 1503 1043.10 141.28 36.60 36.60India Motor Parts 31.03.15 8.32 257.02 511.97 33.98 43.51 31.00 37.26 140 722 19.38 3 1506 128.91 8.32 9.26 6.16Indian Bank 31.03.15 480.29 261.46 17216.30 3013.72 1468.63 1005.17 20.93 149 7.12 3 1506 4494.5 708.64 300.57 215.28Indian Metals & Fe. 31.03.15 25.98 332.14 1344.79 119.18 33.34 11.98 4.61 146 31.67 3 1503 403.19 49.51 34.24 13.15Indian Over. Bank 31.03.15 1235.35 116.48 26076.93 3322.34 111.43 -454.33 - 39 - 3 1506 6672.11 556.31 -107.26 14.76Indian Terrain 31.03.15 7.19 175.80 290.41 30.60 22.75 17.98 25.01 654 26.15 3 1503 68.97 7.42 6.37 4.00Indraprastha Gas 31.03.15 140.00 149.87 3680.99 644.32 649.04 437.73 31.27 60 486 15.54 3 1503 916.79 138.46 141.32 95.88Indraprastha Medic. 31.03.15 91.67 21.25 713.39 56.68 49.55 32.49 3.54 65 18.36 3 1503 176.04 12.87 11.80 7.57Indusind Bank 31.03.15 529.45 193.66 12095.84 3098.22 2709.17 1793.72 33.88 40 957 28.25 3 1506 3447.84 922.72 799.39 525.04Infinite Computer 31.03.15 40.16 197.08 1737.43 138.53 144.16 112.89 28.11 202 7.19 3 1503 424.58 12.05 11.75 10.20Info Edge (India) 31.03.15 120.22 117.71 733.17 -25.33 59.56 24.06 2.00 830 415.00 3 1503 173.34 50.84 106.09 82.18Infosys 31.03.15 572.00 478.70 53319.00 13832.0 17258.00 12329.00 107.77 1190 1176 10.91 3 1506 14354.0 3447.0 4205.0 3030.0 5.00Inox Wind 31.03.15 221.92 62.72 2709.93 437.08 389.13 296.42 13.36 401 30.01 3 1506 635.83 80.09 68.72 50.50Insectides (India) 31.03.15 12.68 230.72 964.19 96.89 64.17 54.85 43.26 25 507 11.72 3 1503 160.84 9.87 4.25 6.18International Paper 31.03.15 39.77 104.11 1144.17 28.82 -6.31 0.25 0.06 367 3 1506 299.08 20.05 11.28 8.03Internat. Travel Ho. 31.03.15 7.99 181.86 180.63 23.46 26.21 18.38 23.00 273 11.87 3 1506 50.70 7.31 9.13 5.98Intrasoft Tech. 31.03.15 14.73 53.98 343.33 3.50 6.85 5.96 4.05 494 121.98 3 1506 118.00 0.46 1.41 1.22IPCA Laboratories 31.03.15 25.24 176.97 3085.14 343.33 357.73 256.11 20.29 50 845 41.65 3 1506 757.97 40.08 27.13 18.89 2.00ITC 31.03.15 801.55 39.52 38834.81 13173.66 14362.05 9663.17 12.06 625 317 26.29 3 1506 8587.70 3127.6 3432.2 2265.4 1.00J & K Bank 31.03.15 48.49 126.01 7655.10 1835.83 820.31 508.60 10.49 210 102 9.72 3 1503 2023.50 575.46 194.70 101.61 1.00Jagran Prakashan 31.03.15 63.45 35.75 1769.76 347.02 338.02 307.97 9.71 143 14.73 3 1506 481.15 111.70 113.03 179.97 2.00Jamna Auto Inds. 31.03.15 39.62 45.42 1095.01 63.39 47.38 29.38 7.42 22 219 29.51 3 1503 342.04 28.38 24.82 15.31Jayant Agro-Org. 31.03.15 7.50 146.79 1580.72 46.13 10.75 10.69 7.13 111 15.57 3 1506 347.48 14.74 7.62 4.13 5.00Jindal Drill & Ind. 31.03.15 14.49 279.30 444.86 30.23 59.35 40.73 14.05 10 142 10.11 3 1503 116.53 11.06 19.55 11.88 5.00Jindal Poly Films 31.03.15 42.05 401.94 7286.89 419.14 232.75 181.75 43.22 431 9.97 3 1503 612.92 80.32 100.68 54.36Jindal Saw 31.03.15 58.01 145.69 6601.30 623.29 410.26 262.53 9.05 77 8.51 3 1506 1912.22 194.06 154.70 104.22 2.00Jindal Steel & Pow. 31.03.15 91.49 229.99 19400.29 2750.63 -1542.75 -1278.12 - 74 - 3 1503 4525.59 88.90 -677.61 -519.30 1.00JK Cement 31.03.15 69.93 235.46 3348.59 318.65 159.15 156.92 22.44 654 29.14 3 1506 813.72 50.87 -1.11 0.16JK Lakshmi Cem. 31.03.15 58.85 113.67 2315.54 237.97 109.47 102.94 8.75 369 42.17 3 1503 578.15 44.45 4.90 6.05 5.00JK Paper 31.03.15 136.62 56.73 2158.83 254.34 -51.03 -12.74 - 41 - 3 1506 585.35 100.10 24.14 16.78JK Tyre & Ind. 31.03.15 45.36 61.77 7327.85 772.99 485.55 329.66 14.54 75 117 8.05 3 1506 1759.91 253.78 183.47 118.12JM Financial 31.03.15 78.37 31.11 1392.38 926.45 516.91 330.52 4.22 135 52 12.32 3 1506 382.80 265.56 145.83 72.35 1.00Jocil 31.03.15 8.88 166.96 330.52 18.37 19.68 13.11 14.76 148 10.03 3 1506 112.39 6.47 6.81 4.45JSW Energy 31.03.15 1640.05 45.84 9380.16 2833.65 1892.07 1349.51 8.23 20 75 9.11 3 1506 2106.99 618.85 423.91 277.45

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KOMPELLA PORTFOLIO INVESTMENT ADVICE

FUNDAMENTALS : READY REFERENCE

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Full Year Results 12M(Un-Audited)/3/6/9 Months ResultsCompany Year Equity

(Cr.)PBT(Cr.)

T.O.(Cr.)

O.P.(Cr.)

M PBT(Cr.)

PAT(Cr.)

F.V.OtherthanRs.10/-

B.V.(Rs.)

Turnover(Cr.)

PAT(Cr.)

EPS(Rs.)

Div(%)

MP(Rs.)19.08.15

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O.P.(Cr.)

JSW Holdings 31.03.15 11.10 49.36 46.27 46.27 36.71 33.07 874 26.43 3 1506 7.29 6.57 6.57 5.15JSW Steel 31.03.15 241.72 919.60 52971.51 5967.80 2539.11 1796.57 74.32 110 975 13.12 3 1503 12599.7 784.37 -81.16 62.38Justdial 31.03.15 70.49 95.52 589.80 141.69 190.54 138.89 19.70 1005 51.02 3 1506 168.62 41.69 48.81 33.17Jyothy Laboratories 31.03.15 18.10 43.08 1514.83 130.46 124.52 121.12 6.69 321 47.98 3 1506 414.34 50.31 52.21 44.58 1.00Kajaria Ceramics 31.03.15 15.89 93.26 2186.89 298.25 270.33 175.60 22.10 740 33.48 3 1506 548.72 76.37 70.22 46.22 2.00Kalyani Steels 31.03.15 21.83 109.00 1226.62 136.08 124.02 83.31 19.08 161 8.44 3 1506 301.64 48.00 45.09 28.89 5.00Kanoria Chemicals 31.03.15 21.85 112.05 337.79 19.45 15.63 15.29 3.50 59 16.86 3 1506 83.45 9.20 6.75 5.82 5.00Karnataka Bank 31.03.15 188.46 179.83 5205.41 723.27 542.36 451.45 23.95 50 138 5.76 3 1506 1348.17 239.02 123.17 109.34Karur Vysya Bank 31.03.15 121.63 349.09 5976.71 943.29 462.78 464.28 38.17 497 13.02 3 1506 1518.50 295.73 178.08 134.58Kaveri Seed Co. 31.03.15 13.78 109.37 1161.23 294.76 310.00 300.96 43.68 375 493 11.29 3 1503 39.95 0.07 4.58 1.25 2.00K.C.P. 31.03.15 12.89 42.20 1187.11 118.49 81.12 67.44 5.23 75 78 14.91 3 1503 166.71 24.15 20.08 13.45 1.00KEC International 31.03.15 51.42 51.72 8467.80 423.69 261.06 160.99 6.26 142 22.68 3 1506 1877.96 118.15 50.38 30.39 2.00Kewal Kiran Cloth. 31.03.15 12.33 259.38 408.32 92.77 98.09 66.25 53.73 2200 40.95 3 1506 92.41 14.26 17.48 11.37Kirloskar Brothers 31.03.15 15.88 100.29 1625.71 35.58 5.53 8.49 1.07 209 195.33 3 1506 368.98 3.39 5.67 7.33 2.00Kirloskar Ferrous 31.03.15 68.65 33.14 1365.09 98.54 71.85 49.28 3.59 58 16.16 3 1506 302.88 27.06 21.47 15.32 5.00Kirloskar Pneumat. 31.03.15 12.84 236.02 443.85 11.90 22.53 17.93 13.96 485 34.74 3 1503 177.69 22.99 28.07 21.29Kitex Garments 31.03.15 4.75 55.55 511.10 147.41 141.67 98.52 20.74 756 36.45 3 1506 109.08 24.69 25.82 15.97 1.00Kotak Mah. Bank 31.03.15 386.18 183.09 11748.32 2997.46 2832.96 1865.98 24.16 712 29.47 3 1506 4583.9 596.97 291.66 189.78 5.00KPR Mill 31.03.15 37.68 246.87 2565.75 283.28 223.38 173.57 46.06 783 17.00 3 1506 623.26 84.75 72.95 50.49KSE 31.03.15 3.20 224.41 900.21 54.25 63.89 43.63 136.34 898 6.59 3 1503 220.60 18.19 18.64 12.00La Opala RG 31.03.15 11.10 33.40 223.33 55.74 55.76 41.74 7.52 65 564 75.00 3 1503 61.34 13.55 13.69 10.64 2.00Lakshmi Mach. Wo. 31.03.15 11.27 1137.37 2488.17 210.94 301.13 219.66 194.91 375 3536 18.14 3 1503 656.02 49.81 75.62 67.26Lakshmi Mills 31.03.15 6.96 507.90 221.30 9.51 2.83 4.29 61.64 2434 39.49 3 1506 53.01 3.61 1.72 1.52 100.0Lakshmi Vilas Bank 31.03.15 179.17 82.47 2498.56 365.72 188.21 132.29 7.38 20 89 12.06 3 1506 693.06 109.57 49.26 40.26Larsen & Toubro 31.03.15 185.91 439.93 92004.58 8710.75 7217.24 4764.82 51.26 812.5 1815 35.41 3 1506 20252.2 1667.9 1218.62 606.19 2.00L&T Finance Hold. 31.03.15 1720.29 37.07 6196.23 4457.50 1174.82 854.68 4.97 70 14.08 3 1506 1717.63 1218.9 275.24 192.46LIC Housing Fin. 31.03.15 100.93 154.93 10669.35 1972.64 2101.94 1386.19 27.47 494 17.98 3 1506 2945.89 559.45 579.02 382.13 2.00LT Foods 31.03.15 26.45 174.94 2778.61 111.30 72.49 27.41 183 6.68 3 1503 715.21 29.84 21.64Lumax Auto Tech. 31.03.15 13.63 165.77 837.17 47.42 67.78 44.98 33.00 277 8.39 3 1506 219.73 12.58 12.85 8.23Lumax Industries 31.03.15 9.35 177.03 1142.56 23.15 14.27 16.57 17.72 516 29.12 3 1506 318.01 17.49 14.83 11.36Lupin 31.03.15 89.90 197.42 12770.01 3184.89 3414.83 2403.24 53.46 375 1795 33.58 3 1506 3150.23 715.94 789.11 525.02 2.00Lycos Internet 31.03.15 95.25 32.12 1957.00 530.34 521.99 342.22 7.19 31 4.31 3 1503 444.88 120.94 128.10 77.34 2.00Mac Charles 31.03.15 13.10 67.33 26.04 25.96 17.54 13.39 204 15.24 3 1503 21.45 8.45 8.42 5.69Madhucon Projects 31.03.15 7.38 - 2038.06 456.21 88.06 -3.54 - 10 74 - 3 1503 300.95 60.31 20.50 16.20 1.00Magma Fincorp 31.03.15 38.09 86.90 2353.63 1424.08 223.49 180.67 9.49 92 9.69 3 1506 606.17 353.79 57.22 45.22 2.00Magna Electro Cast. 31.03.15 4.58 89.34 105.06 10.24 8.37 5.43 11.86 120 10.12 3 1506 24.22 2.23 1.81 1.41Maharashtra Scooter 31.03.15 11.43 220.70 6.95 -8.15 54.76 54.76 47.91 1086 22.67 3 1506 2.31 -1.10 1.96 1.96Maharashtra Seam. 31.03.15 33.50 337.10 1354.66 74.75 128.97 91.56 13.67 100 163 11.92 3 1503 364.74 17.35 46.64 30.14 5.00M & M Finan. Ser. 31.03.15 112.83 105.34 6021.14 4003.10 1399.87 912.91 16.18 200 264 16.32 3 1506 1504.65 854.58 169.82 107.42 2.00Mahindra Holidays 31.03.15 88.03 83.03 794.85 114.39 126.84 79.02 8.98 325 36.19 3 1506 227.38 35.00 38.51 25.06Maithan Alloys 31.03.15 14.56 221.50 1106.51 82.46 66.41 52.62 36.14 96 2.66 3 1503 208.66 7.60 7.60 10.04Manali Petrochem. 31.03.15 86.03 14.23 733.13 64.64 69.53 43.99 2.56 32 12.50 3 1503 196.73 12.16 14.20 8.92 5.00Mangalam Cement 31.03.15 26.69 192.15 921.85 56.82 18.99 17.92 6.71 246 36.66 3 1503 238.67 11.35 1.77 2.72Mangalam Drugs 31.03.15 13.18 22.28 220.66 16.24 6.01 6.14 4.66 93 19.96 3 1506 69.59 5.37 3.75 3.05Mangalore Chem. F 31.03.15 118.55 49.20 2578.78 130.49 18.29 37.54 3.17 55 17.35 3 1503 666.60 70.01 42.58 34.06Marico 31.03.15 64.50 28.29 5732.98 785.72 821.66 573.46 8.89 432 48.59 3 1503 1226.25 151.23 164.31 110.04 1.00Maruti Suzuki Ind. 31.03.15 151.04 694.45 49970.64 4242.64 4868.20 3711.22 122.86 500 4672 38.03 3 1506 13424.9 1517.5 1670.5 1192.9 5.00MBL Infrastructure 31.03.15 20.73 316.69 1961.79 216.75 118.76 81.59 39.36 262 6.66 3 1503 555.29 56.58 30.64 14.02MCX 31.03.15 51.00 235.72 222.49 61.64 170.05 125.05 24.52 1089 44.41 3 1503 58.97 27.04 65.99 49.30MIC Electronics 31.03.15 23.78 25.47 158.55 2.94 0.03 1.81 0.15 26 173.33 3 1503 45.33 7.65 12.21 13.81 2.00Mindteck (India) 31.03.15 24.65 66.03 319.15 28.07 27.81 19.20 7.79 80 10.27 3 1503 77.43 4.70 4.50 3.29Mindtree 31.03.15 83.70 240.43 3561.90 607.40 690.80 536.30 64.07 1433 22.37 3 1506 981.60 140.70 178.10 138.20Mirza International 31.03.15 18.54 33.71 918.99 118.02 78.73 51.16 5.52 138 25.00 3 1506 249.61 37.04 27.67 18.02 2.00MM Forgings 31.03.15 12.07 197.12 502.53 75.39 68.66 50.55 41.88 671 16.02 3 1506 124.15 17.79 16.67 12.92Motherson Sumi 31.03.15 88.19 37.58 35031.89 2282.02 1817.15 862.47 9.78 338 34.56 3 1503 9474.3 706.77 628.55 340.10 1.00

Page 34: Kompella Investment Adviser September 2015 Edition

KOMPELLA PORTFOLIO INVESTMENT ADVICE

FUNDAMENTALS : READY REFERENCE

SEPTEMBER, 201535

Full Year Results 12M(Un-Audited)/3/6/9 Months ResultsCompany Year Equity

(Cr.)PBT(Cr.)

T.O.(Cr.)

O.P.(Cr.)

M PBT(Cr.)

PAT(Cr.)

F.V.OtherthanRs.10/-

B.V.(Rs.)

Turnover(Cr.)

PAT(Cr.)

EPS(Rs.)

Div(%)

MP(Rs.)19.08.15

P/ERatio

Pe-riod

O.P.(Cr.)

Mphasis 31.03.15 210.15 260.76 5794.81 772.02 937.68 674.64 32.10 423 13.18 3 1503 1429.03 178.32 240.74 177.69MPS 31.03.15 18.62 137.55 223.87 81.24 93.10 61.44 33.00 822 24.91 3 1506 60.35 21.93 22.24 14.38MRPL 31.03.15 1752.60 29.85 57122.39 -2674.81 -2295.05 -1852.87 - 68 - 3 1503 11272.6 1108.3 1196.3 1169.7Muthoot Finance 31.03.15 397.97 127.74 4313.80 3123.38 1027.86 670.52 16.85 181 10.74 3 1506 1140.06 847.92 283.48 183.16Nabha Power 31.03.15 2325.00 10.32 3174.24 334.08 240.68 190.43 0.82 - - 6 1503 1609.86 217.13 206.99 163.80Nahar Spinning Mi 31.03.15 18.03 210.84 2149.61 82.69 14.84 20.21 5.60 135 24.11 3 1506 513.06 48.82 35.13 26.38 5.00Nandan Denim 31.03.15 45.55 56.82 1096.53 105.89 71.23 51.38 11.28 140 12.41 3 1503 278.31 23.81 16.13 15.31Natco Pharma 31.03.15 33.23 254.60 825.27 166.11 134.21 134.61 40.51 2411 59.52 3 1503 200.80 36.66 30.49 54.44National Alumin. 31.03.15 1288.62 49.65 7382.81 1292.36 2113.42 1321.85 5.13 10 32 6.24 3 1503 1801.25 330.13 640.61 354.87 5.00National Buildings 31.03.15 120.00 111.53 4674.14 285.95 392.84 278.28 23.19 55 1030 44.42 3 1503 1814.01 164.55 191.36 133.64Nava Bharat Vent. 31.03.15 17.86 325.88 1813.82 236.36 233.26 206.04 23.07 170 7.37 3 1503 279.73 12.11 25.07 24.40 2.00NCC 31.03.15 111.19 60.87 9512.89 723.11 112.69 53.87 0.97 20 78 80.41 3 1506 2015.93 156.26 22.64 2.58 2.00Nectar Lifesciences 31.03.15 22.43 42.71 1643.64 190.34 84.75 66.26 2.95 47 15.93 3 1503 423.60 36.50 22.44 16.71 1.00Neyveli Lignite Co. 31.03.15 1677.71 88.64 6087.68 1484.53 2383.33 1579.68 9.42 28 81 8.60 3 1503 1682.09 561.98 1049.5 676.81NHPC 31.03.15 11070.7 27.78 8244.07 3555.98 3718.35 2491.36 2.25 6 18 8.00 3 1506 2007.39 894.84 969.45 767.17NIIT Technologies 31.03.15 61.04 167.08 1346.09 162.41 167.90 147.59 24.18 520 21.51 3 1506 361.73 53.96 84.30 72.27Nitin Spinners 31.03.15 45.83 36.44 616.80 72.42 53.75 40.96 8.94 82 9.17 3 1506 196.47 27.94 18.22 11.78Novartis India 31.03.15 15.98 313.51 873.38 -7.87 99.56 79.11 24.75 200 894 36.12 3 1506 224.05 0.35 20.57 13.45 5.00NTPC 31.03.15 8245.46 99.56 80622.04 11947.67 10456.2 9986.3 12.11 25 126 10.40 3 1506 17084.6 2199.7 1707.6 2135.4Oberoi Realty 31.03.15 328.24 141.19 922.67 473.49 498.22 317.12 9.66 258 26.71 3 1506 210.25 115.20 120.71 79.57OCL India 31.03.15 11.38 210.23 2214.92 204.23 161.02 113.68 19.98 530 26.53 3 1506 678.61 94.36 73.35 48.82 2.00Oil Country Tub. 31.03.15 44.29 55.98 259.88 8.79 -3.72 -2.09 - 30 - 3 1503 64.79 3.49 2.38 7.14Omkar Speciality 31.03.15 20.58 80.40 265.13 41.84 28.25 24.28 11.80 196 16.61 3 1506 90.48 15.44 12.18 8.17ONGC 31.03.15 4277.76 209.12 160894.9 24304.8 27370.4 18333.5 21.43 190 261 12.18 3 1503 21647.5 4523.8 6258.2 3935.1 5.00Oracle Fin. Serv. S 31.03.15 42.31 407.00 3904.91 1482.71 1830.84 1192.32 140.90 4356 30.92 3 1503 949.76 352.71 356.45 230.37 5.00Orient Cement 31.03.15 20.49 47.61 1547.00 259.37 251.18 194.78 9.51 175 18.40 3 1506 349.40 48.05 46.53 27.89 1.00Oriental Bank of Co. 31.03.15 299.85 438.80 22082.78 4227.07 634.78 497.08 16.58 33 174 10.49 3 1506 5568.78 1044.5 466.84 257.84Oriental Carbon 31.03.15 10.31 236.22 282.57 58.20 62.96 51.32 49.78 650 13.06 3 1506 72.11 16.53 16.47 14.35Ortel Communicat. 31.03.15 30.37 41.85 154.793 23.32 7.06 5.60 1.84 205 111.41 3 1506 40.60 6.18 3.05 2.44Page Industries 31.03.15 11.15 346.87 1543.02 301.36 293.31 196.02 175.80 520 14601 83.05 3 1503 379.66 72.08 68.28 47.12PC Jeweller 31.03.15 179.10 111.13 6348.52 700.99 539.32 378.23 21.12 32 406 19.22 3 1503 2020.19 200.33 168.73 120.13Pennar Industries 31.03.15 60.17 33.41 1446.48 117.53 66.60 35.90 2.98 57 19.13 3 1503 415.27 45.19 28.86 16.02 5.00Persistent Systems 31.03.15 80.00 175.69 1891.25 296.49 389.97 290.63 36.33 50 753 20.73 3 1506 500.42 74.24 94.01 67.22Petronet LNG 31.03.15 750.00 75.85 39500.95 1123.61 984.90 882.52 11.77 20 185 15.72 3 1506 8377.17 281.00 253.13 247.50Pfizer 31.03.15 45.75 431.26 1853.31 251.89 238.02 69.82 15.26 2284 149.67 3 1506 484.21 403.51 97.40 53.83PI Industries 31.03.15 13.66 65.63 1940.27 322.96 355.24 245.89 18.00 250 696 38.67 3 1506 554.81 124.35 130.23 87.30 1.00Pincon Spirit 31.03.15 10.02 55.63 692.81 33.04 26.10 16.62 16.59 211 12.72 3 1503 175.12 9.90 7.93 5.28Piramal Enterprises 31.03.15 34.51 680.15 5122.61 595.61 3035.35 2849.95 165.17 924 5.59 3 1503 1297.50 122.94 81.77 95.40 2.00Piramal Glass 31.03.15 80.92 44.33 1911.71 130.24 8.50 -6.05 - - - 3 1503 488.39 44.24 12.44 6.04Pitti Laminations 31.03.15 13.49 43.46 341.04 24.69 15.12 9.33 3.46 69 19.94 3 1503 103.86 7.79 7.64 4.60 5.00PNB Gilts 31.03.15 180.01 40.05 409.80 394.19 133.89 89.61 4.98 29 5.82 3 1503 95.04 89.67 22.20 14.83PNB Housing Fin. 31.03.15 103.85 152.27 1776.73 295.78 196.11 18.88 - - 3 1503 517.14 89.70 57.09Poddar Pigments 31.03.15 10.61 89.20 318.31 19.58 21.93 16.31 15.37 138 8.98 3 1506 75.32 4.69 5.22 3.77Pokarna 31.03.15 6.20 85.55 326.36 60.50 35.41 31.36 50.58 1179 23.31 3 1506 96.35 24.39 16.65 11.79Power Fin. Corp. 31.03.15 1320.04 245.53 24952.88 8386.87 8445.87 6004.40 45.49 91 235 5.17 3 1503 6389.6 2167.9 2199.8 1560.8Power Grid Corp. 31.03.15 5231.59 73.47 17658.51 9905.68 6398.98 5046.25 9.65 20 136 14.09 3 1503 4703.22 2640.4 1809.1 1412.5Praj Industries 31.03.15 35.49 35.06 1011.85 54.83 86.38 76.27 4.30 94 21.86 3 1503 306.19 29.98 46.26 36.61 2.00Premier Explosives 31.03.15 8.86 69.88 149.49 9.24 7.62 5.32 6.00 20 377 62.83 3 1503 42.21 3.52 3.07 2.02Pressman Adv. 31.03.15 4.70 9.87 40.17 4.56 5.71 3.97 1.69 38 22.49 3 1506 14.72 1.92 2.01 1.34 2.00Prestige Estates 31.03.15 375.00 101.88 3419.76 854.16 631.44 332.37 8.86 15 210 23.70 3 1503 676.21 132.71 146.64 113.78PTC India 31.03.15 296.01 89.14 13081.65 266.75 301.31 203.10 6.86 68 9.91 3 1506 3296.18 58.91 70.18 47.93PTC India Financ. 31.03.15 562.08 25.57 801.89 245.29 245.31 160.88 2.86 48 16.78 3 1503 217.25 30.03 30.04 15.81Punjab & Sind Bank 31.03.15 400.41 120.17 9017.30 775.45 148.12 121.35 3.03 45 14.85 3 1503 2234.90 202.08 -60.11 -70.24Punj. Nat. Bank 31.03.15 370.91 186.01 52206.09 11954.75 3957.25 3061.58 16.51 165 168 10.18 3 1506 13432.1 3132.1 1320.7 720.71 2.00Puravankara Proj. 31.03.15 118.58 95.33 1677.72 370.88 159.82 132.73 5.60 75 13.39 3 1503 409.09 84.28 29.44 20.45 5.00

Page 35: Kompella Investment Adviser September 2015 Edition

KOMPELLA PORTFOLIO INVESTMENT ADVICE

FUNDAMENTALS : READY REFERENCE

SEPTEMBER, 201536

Full Year Results 12M(Un-Audited)/3/6/9 Months ResultsCompany Year Equity

(Cr.)PBT(Cr.)

T.O.(Cr.)

O.P.(Cr.)

M PBT(Cr.)

PAT(Cr.)

F.V.OtherthanRs.10/-

B.V.(Rs.)

Turnover(Cr.)

PAT(Cr.)

EPS(Rs.)

Div(%)

MP(Rs.)19.08.15

P/ERatio

Pe-riod

O.P.(Cr.)

PVR 31.03.15 41.53 98.53 1481.34 88.23 12.45 12.76 3.07 840 273.62 3 1506 486.02 83.25 59.02 58.05Radico Khaitan 31.03.15 26.61 61.67 1488.39 132.09 87.13 67.64 5.08 93 18.31 3 1503 343.39 24.89 18.14 14.90 2.00Rain Ind. 31.12.14 67.27 87.58 11936.99 865.50 57.69 88.53 2.63 45 17.11 3 1503 2538.97 234.20 144.14 84.33 2.00Rajesh Exports 31.03.15 29.53 115.81 50462.89 1204.23 726.07 654.93 22.18 100 604 27.23 3 1503 19165.9 458.55 276.70 205.57 1.00Ramco Cements 31.03.15 23.81 110.27 3732.20 545.51 358.44 246.13 10.34 150 354 34.24 3 1506 952.78 185.14 137.65 94.67 1.00Ramkrishna Forg. 31.03.15 27.47 147.26 752.06 98.46 79.29 75.41 27.45 690 25.14 3 1503 241.57 34.85 27.65 34.60Rane Engine Valve 31.03.15 5.15 221.26 395.18 1.31 31.46 23.48 45.59 508 11.14 3 1506 86.81 -3.71 21.25 15.09Rane Holdings 31.03.15 14.28 381.01 2210.88 115.31 133.34 70.94 49.68 695 13.99 3 1503 674.72 30.75 65.57 28.20Rane (Madras) 31.03.15 10.51 138.44 778.88 35.17 16.84 12.44 11.84 345 29.14 3 1506 202.57 9.09 2.26 1.65Rashtriya Chem. 31.03.15 551.69 49.22 7714.68 579.51 532.36 344.79 6.25 55 8.80 3 1503 2025.73 96.21 104.14 66.26Raymond 31.03.15 61.38 251.12 5351.69 284.00 159.74 112.81 18.38 30 453 24.65 3 1506 1121.69 9.72 -13.12 -13.72Redington(India) 31.03.15 79.94 59.40 31554.86 651.49 555.47 386.53 9.67 122 12.62 3 1506 7569.65 145.59 115.06 81.15 2.00Reliance Capital 31.03.15 253.00 526.64 8787.00 3799.00 1231.00 1001.00 39.57 339 8.57 3 1503 2469.00 1102.0 528.00 407.00Reliance Comm. 31.03.15 1244.00 153.46 21770.00 3373.00 946.00 714.00 2.87 61 21.25 3 1503 5694.00 972.0 315.00 228.00 5.00Reliance Industries 31.03.15 3236.00 673.51 375435.00 25817.00 30996.0 23566.0 72.82 100 955 13.11 3 1506 77130.0 7136. 8066. 6222.Rel. Ind. Infras. 31.03.15 15.10 163.91 90.09 14.85 24.70 22.07 14.62 369 25.24 3 1506 23.30 3.31 6.56 4.44Reliance Infrastruc. 31.03.15 263.03 995.00 17198.46 2077.81 1383.63 1800.18 68.44 366 5.35 3 1503 4618.21 477.58 203.54 459.11Reliance Power 31.03.15 2805.13 73.55 6852.74 2011.30 1286.36 1028.32 3.67 42 11.44 3 1503 1584.93 555.82 365.85 276.47Religare Enterprise 31.03.15 178.33 217.79 4104.58 2054.45 485.21 153.79 8.62 307 35.61 3 1506 1044.35 547.91 123.20 37.15Renaissance Jewel 31.03.15 19.08 209.11 1276.44 56.43 45.57 40.16 21.05 83 3.94 3 1506 252.59 9.77 7.85 4.84Repco Home Fin. 31.03.15 62.36 130.23 692.20 185.35 186.17 123.08 19.74 15 773 39.16 3 1503 191.34 51.86 52.00 34.81Revathi Equipment 31.03.15 3.07 378.86 163.01 17.13 10.34 3.92 12.77 734 57.48 3 1506 53.15 5.74 4.73 4.83Rolta India 31.03.15 161.33 96.52 3679.46 654.62 284.00 245.17 15.20 109 7.17 3 1503 946.14 138.46 46.14 36.01R S Software 31.03.15 12.84 87.21 376.42 87.59 99.07 64.94 25.29 173 6.84 3 1506 77.40 11.62 15.76 11.10 5.00R Systems Int. 31.12.14 12.67 16.82 653.37 84.10 112.42 78.13 6.17 74 11.99 3 1506 166.28 21.40 22.30 14.35 1.00Rupa & Co. 31.03.15 7.95 41.23 972.60 122.61 104.11 68.17 8.57 391 45.62 3 1503 330.25 45.24 40.54 26.18 1.00Rural Electrification 31.03.15 987.46 253.91 20383.96 7386.44 7552.34 5344.42 54.12 107 257 4.75 3 1503 5333.40 1621.7 1659.0 1096.5SAIL 31.03.15 4130.53 105.53 45843.56 2858.72 2392.88 2117.51 5.13 20 58 11.31 3 1503 11585.1 422.85 275.19 334.22Sagar Cements 31.03.15 17.39 299.79 575.57 34.89 378.07 296.65 170.59 424 2.49 3 1506 194.72 32.62 36.52 22.70Sanghvi Movers 31.03.15 8.66 151.12 308.23 58.47 23.20 8.06 1.86 384 206.45 3 1503 108.31 44.47 34.30 15.56 2.00Sasken Communica. 31.03.15 21.34 209.44 428.00 21.05 216.18 119.56 56.03 260 4.64 3 1506 109.28 8.55 15.02 9.85Savita Oil Tech. 31.03.15 14.60 386.95 1848.91 27.65 -4.18 -1.27 - 605 - 3 1506 390.54 23.46 17.65 11.87SE Investments 31.03.15 40.56 128.14 178.38 122.63 66.70 44.52 10.98 275 25.05 3 1503 47.34 32.37 16.69 4.48Seshasayee Paper 31.03.15 12.61 311.65 1014.12 59.99 25.41 17.35 13.76 222 16.13 3 1506 237.50 15.99 8.00 5.39Shanthi Gears 31.03.15 8.17 33.14 155.19 1.49 13.11 9.32 1.14 115 100.88 3 1506 37.72 0.66 2.92 1.89 1.00Shilpi Cable Tech. 31.03.15 102.63 50.53 3212.93 252.26 177.87 159.99 15.59 63 4.04 3 1503 902.45 73.92 46.06 42.29Shipping Corp. 31.03.15 465.80 140.27 4310.97 178.86 276.13 200.93 4.31 82 19.03 3 1503 1076.96 127.99 126.69 101.49Shivam Autotech 31.03.15 10.00 36.30 445.82 55.65 35.87 28.14 5.63 150 26.64 3 1506 113.12 15.22 10.20 7.76 2.00Shriram City Union 31.03.15 65.91 639.66 3561.70 2171.53 866.79 571.42 86.70 1822 21.01 3 1506 912.85 560.06 224.44 147.70Shriram Transport 31.03.15 226.91 407.12 8636.95 6224.59 1842.39 1237.81 54.55 863 15.82 3 1506 2351.76 1670.9 479.01 321.11Sicagen India 31.03.15 39.57 120.87 780.77 0.83 8.22 6.58 1.66 15 9.04 3 1503 173.57 3.77 8.93 7.14Sintex Industries 31.03.15 42.44 110.69 7034.77 950.03 713.00 528.81 12.46 70 103 8.27 3 1506 1471.2 155.57 102.43 69.01 1.00SJVN 31.03.15 4136.63 24.67 2817.53 1800.52 2047.25 1676.65 4.05 25 6.17 3 1506 776.29 512.05 594.47 484.43Skipper 31.03.15 10.23 31.27 1312.80 193.17 136.57 89.17 8.72 153 17.55 3 1506 236.66 29.46 15.35 10.02 1.00SKM Egg Prod. 31.03.15 26.33 25.47 271.34 24.02 34.83 25.19 9.57 138 14.42 3 1506 57.95 5.57 11.02 8.28SKS Microfinance 31.03.15 126.29 82.86 723.96 393.50 193.57 187.66 14.86 543 36.54 3 1506 240.85 138.49 79.49 61.16SMC Global Sec. 31.03.15 22.63 47.66 369.40 69.78 62.62 42.00 3.71 - - 3 1503 100.97 21.09 20.38 13.95 2.00SML Isuzu 31.03.15 14.48 209.19 1105.55 45.78 48.75 36.94 25.51 60 1333 52.25 3 1503 321.54 15.09 15.16 12.74SMS Pharma 31.03.15 8.47 306.15 579.29 69.09 67.48 35.24 41.61 639 15.36 3 1503 158.07 23.01 23.67 10.34Snowman Logistics 31.03.15 166.68 25.09 202.93 22.51 14.73 24.75 1.48 103 69.59 3 1503 53.84 7.45 6.79 14.25Sobha Developers 31.03.15 98.10 247.89 2440.60 545.10 371.70 238.10 24.27 70 321 13.23 3 1503 506.30 124.20 95.40 61.50Sona Koyo Steering 31.03.15 19.87 1552.97 111.97 85.71 37.90 1.91 66 34.55 3 1503 419.70 43.87 37.97 18.61 1.00Sonata Software 31.03.15 10.52 40.73 1682.13 164.91 181.90 133.70 12.71 700 161 12.67 3 1506 479.16 46.87 53.48 38.20 1.00South Indian Bank 31.03.15 135.02 25.56 5783.29 816.26 445.60 307.20 2.28 60 23 10.09 3 1506 1480.51 180.89 101.38 65.29 1.00Southern Petrochem 31.03.15 203.64 11.18 2254.98 54.11 8.43 10.37 0.51 20 39.22 3 1503 485.91 17.34 20.35 20.35Sree Rayalaseema Al 31.03.15 78.72 34.57 776.60 65.12 31.59 22.15 2.81 17 6.05 3 1506 183.33 20.36 12.42 8.95Sri KPR Industries 31.03.15 20.15 21.49 72.34 11.37 10.58 8.70 4.32 28 6.48 3 1503 33.32 4.68 4.34 4.33Srikalahasthi Pipes 31.03.15 39.76 73.77 1083.55 154.45 119.42 82.98 20.87 318 15.24 3 1506 255.85 55.72 45.86 33.93

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Stampede Capital 31.03.15 22.81 31.71 74.17 15.91 16.41 14.53 6.37 508 79.75 3 1506 32.03 12.80 12.91 12.73Star Ferro and Cem. 31.03.15 22.22 30.60 1430.43 211.32 124.74 83.44 3.76 145 38.56 3 1506 408.69 79.59 61.04 41.53 1.00St. Bank of B & J. 31.03.15 70.00 858.95 9931.84 2104.11 1135.08 776.87 110.98 569 5.13 3 1503 2634.66 614.86 393.85 280.25St. Bank of Hyd. 31.03.15 20.75 46248. 15148.82 2913.66 1966.46 1317.13 6348 - - 3 1503 4145.9 876.68 723.84 445.51 100.0St. Bank of India 31.03.15 746.57 172.04 174972.96 38913.5 19313.9 13101.6 17.55 350 278 15.84 3 1503 48616.4 12409. 5816.0 3742.0 1.00St. Bank of Mysore 31.03.15 48.01 905.65 7707.59 1330.98 596.02 408.80 85.15 60 470 5.52 3 1506 1951.65 269.98 138.09 94.07St. Bank of Patiala 31.03.15 479.51 1510.8 11358.06 1599.46 561.42 362.06 75.51 - - 3 1503 2949.6 558.00 194.10 126.24 100.0St. Bank of Travan. 31.03.15 59.25 886.47 10583.39 1372.16 560.33 335.53 56.63 430 7.59 3 1506 2652.14 464.71 163.13 81.32Steel Exchange 31.03.15 51.95 44.30 1565.37 150.13 34.76 28.46 5.48 48 8.76 3 1503 415.15 39.29 7.31 1.00Sterlite Technolog. 31.03.15 78.81 31.54 3030.10 233.49 99.02 84.24 2.14 85 39.72 3 1506 975.00 86.44 28.62 20.28 2.00Store One Retail 31.03.15 27.60 55.83 134.37 29.23 23.26 23.24 8.42 34 4.04 3 1503 35.25 7.93 5.41 5.39Subros 31.03.15 12.00 52.86 1197.15 58.08 20.40 20.32 3.39 95 28.02 3 1506 295.22 13.45 4.12 4.01 2.00Subex 31.03.15 182.92 11.43 359.83 76.06 15.98 10.20 0.56 15 26.79 3 1503 112.16 30.62 16.28 14.41Sumeet Industries 31.03.15 58.04 38.64 1165.33 64.82 28.66 21.65 3.73 11 2.95 3 1503 203.55 12.45 1.54 1.16Sun Pharma 31.03.15 207.12 127.75 27433.44 6768.81 6404.12 4540.60 21.92 928 42.34 3 1503 6157.1 330.46 589.37 888.05 1.00Sun Pharma Adv. 31.03.15 23.67 4.22 155.74 -42.33 -39.52 -39.52 - 433 - 3 1506 43.44 -1.81 -1.65 -1.65 1.00Sun TV Network 31.03.15 197.04 85.76 2243.62 1026.38 1111.99 737.23 18.71 352 18.81 3 1506 691.09 278.99 300.34 197.28 5.00Sundaram BNP H F 31.03.15 101.25 75.53 954.01 836.68 219.26 146.42 14.46 - - 6 1503 485.76 416.86 102.15 68.17Sundram Fasteners 31.03.15 21.01 41.83 3156.14 259.92 182.24 131.79 5.75 180 31.30 3 1503 600.40 42.72 21.60 15.97 1.00Sundaram Finance 31.03.15 111.10 268.05 2253.84 1704.36 651.20 454.14 40.88 105 1600 39.14 3 1506 555.15 417.62 144.69 99.00Sunil Hitech Eng. 31.03.15 15.28 264.71 1836.51 141.19 69.53 53.29 34.88 18 315 9.03 3 1503 542.69 31.15 19.39 12.24Super Sales India 31.03.15 3.07 343.62 220.59 24.34 21.09 15.81 51.50 367 7.13 3 1503 50.43 15.37 15.15 11.14Suprajit Engg. 31.03.15 12.00 20.07 611.80 87.07 74.75 50.30 4.19 50 147 35.08 3 1503 133.28 20.77 16.75 10.80 1.00Supreme Industries 30.06.15 25.41 95.37 4255.19 471.75 311.71 24.53 659 26.87 3 1506 1278.05 212.4 140.8 2.00Supreme Petrochem 30.06.15 96.50 39.00 2652.54 69.70 56.14 35.70 3.70 124 33.51 3 1506 679.41 85.23 83.86 63.42Surana Solar 31.03.15 24.60 9.73 125.39 14.75 10.18 8.44 1.72 20 11.63 3 1503 25.38 2.95 1.81 1.76Suryalakshmi Cott. 31.03.15 16.67 141.67 713.26 51.02 18.31 12.17 7.30 117 16.03 3 1506 187.14 19.19 10.60 6.93Sutlej Textiles 31.03.15 16.38 340.80 1878.21 162.21 148.23 115.46 70.49 100 523 7.42 3 1506 463.31 44.11 36.83 29.78Suven Life Scienc. 31.03.15 12.73 43.94 520.86 159.33 151.55 108.75 8.54 60 250 29.27 3 1503 110.66 22.05 22.65 16.95 1.00Suzlon Energy 31.03.15 741.54 - 19954.44 -493.03 -8816.08 -9157.69 - - 25 - 3 1506 2627.71 104.95 1034.6 1047.4 2.00Swaraj Automotive 31.03.15 2.40 104.88 93.83 2.79 3.57 2.41 10.04 - - 3 1503 21.53 0.32 0.64 0.42Swaraj Engines 31.03.15 12.42 170.75 539.70 61.52 77.82 51.84 41.74 951 22.78 3 1506 153.15 18.89 23.30 15.65Syndicate Bank 31.03.15 662.06 183.37 23724.75 4007.29 1995.96 1522.93 23.00 103 4.48 3 1506 6323.42 1039.5 558.73 301.98Take Solutions 31.03.15 12.00 43.70 730.43 89.81 85.37 69.88 5.82 40 150 25.77 3 1503 215.13 32.66 32.90 27.09 1.00Tamilnad Mer. Bank 31.03.15 0.28 92653. 3127.40 607.35 542.35 379.40 13550. - - 3 1503 834.98 179.23 171.29 134.54Tamilnadu Newspr. 31.03.15 69.21 173.60 2135.73 368.42 230.13 166.73 24.09 216 8.97 3 1506 647.63 101.23 65.65 51.64Tata Capital Ho. Fin. 31.03.15 253.33 14.80 910.13 128.24 103.30 67.93 2.68 - - 6 1503 491.69 67.69 56.63 37.36Tata Chemicals 31.03.15 254.82 217.87 17202.94 1694.28 1158.51 596.46 23.41 125 461 19.69 3 1506 4066.91 376.82 275.70 153.04Tata Coffee 31.03.15 18.68 42.47 1691.42 289.72 265.71 120.39 6.44 130 100 15.53 3 1506 396.04 51.00 44.75 25.40 1.00Tata Consultancy S. 31.03.15 195.87 258.51 94648.41 22683.02 26298.49 19852.2 101.35 7900 2734 26.98 3 1506 25668.1 6724.4 7460.4 5684.1 1.00Tata Elxsi 31.03.15 31.14 91.02 849.40 151.78 155.12 102.02 32.76 2194 66.97 3 1503 231.28 45.99 45.48 29.83Tata Metaliks 31.03.15 25.29 - 1418.60 170.86 132.31 109.13 43.39 108 2.49 3 1506 319.28 38.99 28.59 26.64Tata Motors 31.03.15 643.78 174.72 262796.33 25850.02 21702.6 13986.3 43.45 351 8.08 3 1503 67576.0 4581.5 2771.0 1716.5 2.00Tata Power Co. 31.03.15 270.48 45.55 34366.85 4766.27 1483.74 167.83 0.62 67 108.06 3 1503 8239.63 1407.94 493.47 159.14 1.00Tata Sponge Iron 31.03.15 15.40 516.34 789.73 86.29 136.47 91.89 59.67 567 9.50 3 1506 141.94 0.84 9.64 7.09Tata Steel 31.03.15 971.41 322.72 139503.73 6592.15 -1388.09 -3925.52 - 80 250 - 3 1503 33666.2 30.25 -5836.7 -5674.3Tech Mahindra 31.03.15 480.39 126.22 22621.27 3541.48 3618.12 2627.67 27.35 120 560 20.48 3 1506 6293.82 762.14 886.37 676.07 5.00Techno Electric 31.03.15 11.42 160.20 793.89 147.82 124.80 105.08 18.40 200 554 30.11 3 1503 221.13 30.43 29.67 22.69 2.00Technofab Engg. 31.03.15 10.49 207.68 419.89 24.96 12.20 8.45 8.06 164 20.35 3 1503 124.23 6.92 5.39 3.74Thermax 31.03.15 23.83 190.25 4697.41 405.92 497.04 335.94 28.19 1052 37.32 3 1506 1001.19 75.26 91.94 61.68 2.00Tinplate Company 31.03.15 104.80 52.38 911.16 52.48 67.82 44.60 4.26 68 15.96 3 1506 229.11 25.89 35.78 22.80Titagarh Wagons 31.03.15 20.06 310.84 378.00 22.28 15.04 9.86 4.92 117 23.78 3 1503 118.46 9.68 13.29 8.78Titan Company 31.03.15 88.78 34.83 11903.21 1065.97 1055.89 823.07 9.27 340 36.68 3 1506 2708.6 199.90 203.61 151.06 1.00TNPL 31.03.15 69.21 173.60 2135.73 368.42 230.13 166.73 24.09 26 1.08 3 1503 703.07 139.64 103.22 69.34Torrent Pharma 31.03.15 85.00 146.53 4653.00 829.00 940.00 751.00 44.18 1608 36.40 3 1506 1947.00 850.0 859.0 449.0 5.00Torrent Power 31.03.15 472.45 138.76 10422.51 1385.88 740.36 359.69 7.61 15 182 23.92 3 1506 3002.97 545.02 321.24 173.48Transport Corp. 31.03.15 15.13 74.92 2196.75 120.90 101.20 75.95 10.04 306 30.48 3 1506 548.30 28.62 25.84 18.77 2.00Trident 31.03.15 508.64 28.61 3784.27 370.03 167.78 117.82 2.32 45 19.40 3 1506 879.09 114.89 72.15 60.97

Full Year Results 12M(Un-Audited)/3/6/9 Months ResultsCompany Year Equity

(Cr.)PBT(Cr.)

T.O.(Cr.)

O.P.(Cr.)

M PBT(Cr.)

PAT(Cr.)

F.V.OtherthanRs.10/-

B.V.(Rs.)

Turnover(Cr.)

PAT(Cr.)

EPS(Rs.)

Div(%)

MP(Rs.)19.08.15

P/ERatio

Pe-riod

O.P.(Cr.)

Page 37: Kompella Investment Adviser September 2015 Edition

KOMPELLA PORTFOLIO INVESTMENT ADVICE

FUNDAMENTALS : READY REFERENCE

SEPTEMBER, 201538

Full Year Results 12M(Un-Audited)/3/6/9 Months ResultsCompany Year Equity

(Cr.)PBT(Cr.)

T.O.(Cr.)

O.P.(Cr.)

M PBT(Cr.)

PAT(Cr.)

F.V.OtherthanRs.10/-

B.V.(Rs.)

Turnover(Cr.)

PAT(Cr.)

EPS(Rs.)

Div(%)

MP(Rs.)19.08.15

P/ERatio

PeriodO.P.(Cr.)

HOW TO READ THE NUMBERS

1. M = Months2. YE = Year Ended3. Equity = Paid up Capital4. R&S = Reserves & Surplus5. Networth = Capital and R & S (excluding revaluation reserves)6. B.V. = Book Value (Networth/Capital) x F.V.7. T.O. = Turnover/Total Income/Gross Sales/Net Sales8. G.P. = Gross Profit, after interest, but

before Depreciation & Taxation9. O.P. = Operating Profit

10. PBT = Profit Before Tax (G.P - Dep.)11. PAT = Profit After Tax (PBT - Tax)12. EPS = Earning Per Share (PAT/Capital) x F.V.13. Div. = Dividend %14. MP = Market Price15. P/E Ratio = Market Price/EPS16. HYE = Half Year Ended17. F.V. = Face Value18. Note: Consolidated figures are taken, wherever possible.19. PAT is inclusive of Extraordinary Income, wherever present.

Triveni Turbine 31.03.15 33.00 7.14 625.52 110.75 135.56 91.08 2.76 121 43.84 3 1503 195.51 31.44 44.54 29.39 1.00TTK Prestige 31.03.15 11.64 553.09 1388.29 130.23 133.30 92.32 79.31 220 3933 49.59 3 1506 348.57 33.58 31.65 21.96Tube Investments 31.03.15 37.43 124.38 9697.56 1063.52 1003.28 424.36 22.67 100 414 18.26 3 1503 2367.35 276.56 321.75 147.52 2.00TV Today Network 31.03.15 29.82 75.45 476.56 101.66 122.88 81.03 13.59 235 17.29 3 1506 127.11 21.82 27.56 17.96 5.00TVS Motor Co. 31.03.15 47.51 34.63 10098.22 453.29 456.16 347.83 7.32 230 31.42 3 1506 2621.23 121.49 118.06 90.27 1.00TVS Srichakra 31.03.15 7.66 368.51 2176.43 175.27 137.00 99.63 130.07 3121 23.99 3 1503 464.98 45.41 44.02 34.03Ucal Fuel Systems 31.03.15 22.11 138.28 530.78 49.71 26.48 19.79 8.95 113 12.63 3 1506 112.06 7.77 2.79 2.36Uco Bank 31.03.15 1075.59 111.00 21362.54 4910.22 1581.86 1137.80 10.58 20 54 5.10 3 1503 5263.36 1227.27 258.89 209.28Ultratech Cement 31.03.15 274.40 693.92 24348.96 3222.06 2985.63 2098.34 76.47 90 3161 41.34 3 1506 6432.15 899.58 833.15 591.13Umang Diaries 31.03.15 11.00 12.29 251.14 13.77 12.98 8.52 3.87 59 15.25 3 1503 74.31 6.03 5.67 3.57 5.00Union Bank of Ind. 31.03.15 635.78 288.42 35606.96 5823.47 2783.38 1781.64 28.02 60 212 7.57 3 1506 9043.17 1488.2 845.78 518.78United Bank of Ind. 31.03.15 839.52 62.34 11927.38 2427.94 454.10 255.99 3.05 24 7.87 3 1506 2896.75 578.25 84.67 52.22United Breweries 31.03.15 26.44 61.72 4692.29 413.37 377.97 259.53 9.82 963 98.07 3 1506 1500.14 206.09 187.63 122.81 1.00United Nilgiri Tea 31.03.15 5.00 118.12 50.64 9.59 11.25 8.70 17.40 236 13.56 3 1506 13.65 2.98 3.45 2.58UPL 31.03.15 85.72 136.73 12090.52 1938.11 1410.37 1144.03 26.69 565 21.17 3 1506 3063.99 478.95 337.05 274.83 2.00Vaibhav Global 31.03.15 32.38 101.28 1388.42 134.98 127.67 103.16 31.86 430 13.50 3 1506 280.87 12.37 11.65 7.31Va Tech Wabag 31.03.15 10.86 166.23 2435.15 200.25 167.10 110.10 20.28 752 37.08 3 1503 907.73 118.88 101.49 70.50 2.00Vardhman Acrylics 31.03.15 93.01 34.55 514.24 44.92 44.62 33.43 3.59 30 8.36 3 1506 98.19 8.96 8.90 5.93Vardhman Textiles 31.03.15 62.52 539.87 6952.20 751.80 626.92 400.21 64.01 951 14.86 3 1506 1652.87 253.14 226.84 145.57Vedanta 31.03.15 296.50 181.70 73709.50 14885.39 -9925.12 -15645.8 - 103 - 3 1506 17016.9 2274.5 2064.7 865.94 1.00Veljan Denison 31.03.15 2.25 80.66 19.76 13.04 57.96 676 11.66 3 1503 25.80 6.75 4.53Venky’s India 31.03.15 9.39 395.55 1730.81 66.91 27.72 18.70 19.91 571 28.68 3 1503 485.22 23.94 15.45 10.38Vesuvius India 31.12.14 20.30 216.42 652.23 80.83 89.93 59.17 29.15 745 25.56 3 1506 168.50 26.61 29.25 19.28V-Guard Industries 31.03.15 29.97 126.04 1745.92 117.57 101.45 70.72 23.60 968 41.02 3 1506 499.29 39.61 37.23 25.16Vijaya Bank 31.03.15 859.12 68.95 13152.49 1259.03 399.90 439.41 5.11 15 39 7.63 3 1506 3289.05 392.75 246.37 142.59Visaka Industries 31.03.15 15.88 209.16 1021.13 52.82 33.21 21.24 13.38 50 174 13.00 3 1506 321.46 26.41 22.21 13.62Vishnu Chemicals 31.03.15 11.95 76.16 418.07 63.34 34.18 21.91 18.33 459 25.04 3 1503 121.42 20.41 14.64 9.81V-Mart Retail 31.03.15 18.02 113.73 720.50 59.49 57.15 37.37 20.74 546 26.33 3 1506 204.66 17.24 17.02 11.19Voith Paper (18m) 31.03.15 4.39 335.95 105.74 22.21 32.85 21.38 48.70 720 14.78 3 1503 18.01 3.57 5.40 3.56Voltamp Transform. 31.03.15 10.12 435.59 516.89 12.53 33.39 28.41 28.07 100 728 25.94 3 1503 169.95 7.34 13.26 12.18Voltas 31.03.15 33.07 63.56 5183.09 382.00 513.65 384.33 11.62 225 306 26.33 3 1503 1489.97 134.90 160.60 118.04 1.00VRL Logistics 31.03.15 85.54 41.64 1671.20 185.13 137.90 91.22 10.66 386 36.21 3 1503 397.39 40.47 32.66 19.37VST Industries 31.03.15 15.44 222.81 836.16 210.23 228.76 152.21 98.58 1583 16.06 3 1503 219.25 55.54 61.04 40.69Wabco India 31.03.15 9.48 455.18 1347.96 156.69 176.63 120.66 63.64 100 7269 114.22 3 1506 385.04 56.18 65.35 47.49 5.00Welspun Corp 31.03.15 131.59 106.35 8450.49 405.71 231.27 69.04 2.62 131 50.00 3 1506 1944.13 83.68 42.44 16.39 5.00Welspun India 31.03.15 100.46 142.53 5302.51 941.25 753.29 539.79 53.73 877 16.32 3 1506 1388.45 280.50 248.96 163.15Wheels India 31.03.15 12.03 316.76 1979.87 95.94 39.54 29.74 24.72 1356 54.85 3 1503 499.30 20.64 6.08 6.76Wim Plast 31.03.15 6.00 295.92 366.03 52.33 53.57 38.36 63.93 2040 31.91 3 1503 103.43 18.63 19.03 13.51Wipro 31.03.15 493.70 165.28 47318.00 9542.30 11168.3 8652.80 35.05 585 16.69 3 1506 12370.6 2402.2 2797.8 2187.7 2.00Wonderla Holidays 31.03.15 56.50 29.10 181.87 64.37 72.94 50.63 8.96 277 30.92 3 1503 36.46 6.12 8.59 6.59Yes Bank 31.03.15 417.74 279.60 13618.46 3249.58 2910.11 2005.36 48.00 90 774 16.13 3 1506 3797.02 908.27 810.31 551.20Zen Technologies 31.03.15 7.72 12.76 78.55 18.63 19.81 15.74 2.04 92 45.10 3 1503 64.55 35.01 35.09 31.02 1.00Zensar Technolo. 31.03.15 44.33 260.99 2655.78 350.12 365.91 264.59 59.69 920 15.41 3 1506 705.97 98.37 108.59 76.08Zicom Electronic 31.03.15 20.20 180.12 1108.12 109.18 60.04 50.59 25.04 12 157 6.27 3 1503 330.72 34.04 20.77 18.37Zuari Agro Chem. 31.03.15 42.06 239.37 7687.25 322.10 23.07 8.93 2.12 177 83.49 3 1503 1538.76 63.76 17.99 11.16Zuari Global 31.03.15 29.44 218.62 43.06 7. 99 33.99 26.78 9.10 92 10.11 3 1503 0.50 2.55 7.64 5.11Zydus Wellness 31.03.15 39.07 103.93 430.72 92.19 119.65 108.95 27.89 891 31.95 3 1506 104.07 15.08 22.31 19.52

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FY15 PERFORMANCEYear ended 31st March, 2015

GP(Rs. crs)31.03.15

Equity(Rs. crs)

TI(Rs. crs)31.03.15

TI(Rs. crs)31.03.14

GP(Rs. crs)31.03.14

Company/ Bank OP(Rs. crs)31.03.14

PAT(Rs. crs)31.03.15

OP(Rs. crs)31.03.15

% CH

Note- Figures rounded off, consolidated figures taken wherever possible & Other Income included in profit

% CH % CH% CH PAT(Rs. crs)31.03.14

3M India 11 1840 1742 6 154 63 144 214 117 84 108 43 151Aban Offshore 12 4041 3936 3 1781 1656 8 1332 1094 22 545 393 39Aditya Birla Nuvo 130 26516 25892 2 3688 2977 24 4027 3381 19 1416 1143 24Akzo Nobel India 47 2527 2418 5 209 148 41 328 247 33 186 150 24Allahabad Bank 571 21712 20912 4 4460 4020 11 - - - 621 1172 -47Allcargo Logistics 25 5629 4851 16 318 216 47 475 337 41 240 149 61Alstom T&D 51 3721 3564 4 243 253 -4 252 264 -5 121 117 3Amara Raja Batt. 17 4230 3452 23 594 511 16 744 601 24 411 367 12Amrutanjan Health 3 167 142 18 21 18 17 28 23 20 15 12 25Andhra Bank 603 17868 15630 14 3298 2760 19 - - - 638 436 46Apollo Tyres 51 12785 13412 -5 1542 1465 5 1719 1643 5 978 1005 -3Asain Paints 96 14183 12715 12 1969 1752 12 2343 2080 13 1395 1219 14Ashok Leyland 285 15341 11487 34 937 -108 - 538 230 134 134 -164 -Ashoka Buildcon 79 2320 1795 29 359 256 40 259 270 -4 81 97 -16Astra Microwave 16 634 531 19 85 69 23 103 85 22 61 51 20Atul Auto 11 493 430 15 52 40 30 65 48 35 41 30 37Aurobindo Pharma 29 12121 8100 50 2231 1822 22 2500 1845 36 1576 1173 34Axis Bank 474 43844 38046 15 13385 11456 17 - - - 7358 6218 18Bajaj Auto 289 21612 20150 7 3849 3926 -2 4352 4812 -10 2814 3243 -13Bajaj Finance 50 5382 4032 33 3569 2622 36 1393 1120 24 898 719 25Bajaj Finserv 80 7587 6022 26 5472 4460 23 3284 2932 12 1690 1544 9Bajaj Holdings 111 524 387 35 478 359 33 519 404 28 2029 1988 2Bank of Baroda 444 47366 43402 9 9915 9353 6 - - - 3398 4541 -25Bank of India 666 47853 42202 13 7488 8423 -11 - - - 1709 2729 -37Bank of Mah. 1063 13671 12851 6 2355 2006 17 - - - 451 386 17Bhagiradha Chem. 5 220 174 26 8 6 33 6 7 -15 3 2 50Bharat Forge 47 7625 6716 14 1078 673 60 1485 1089 36 764 522 46Biocon 100 3090 2877 7 475 483 -2 845 741 14 497 414 20Britannia Inds. 24 7858 6913 14 719 544 32 1094 653 68 689 395 74Cadila Healthcare 102 8651 7224 20 1468 999 47 1733 1143 52 1151 804 43Cairn India 1875 14646 18762 -22 5953 11388 -48 7679 15147 -49 4480 12432 -64Can Fin Homes 27 817 578 41 748 530 41 141 109 30 86 76 13Canara Bank 475 48300 43480 11 6950 6796 2 - - - 2703 2438 11Carborundum Uni. 19 2050 2125 -4 163 160 2 321 245 31 133 92 45CARE 29 261 236 11 154 145 6 202 183 10 138 129 7Central Bank 1658 28303 26350 7 3559 3238 10 - - - 606 -1263 -Century Plyboards 22 1565 1284 22 219 115 90 225 103 119 151 67 125Cera Sanitaryware 7 822 664 24 102 83 23 116 95 23 68 52 31Chola. Investment 144 3689 3249 14 666 553 20 696 579 20 444 368 21City Union Bank 60 3103 2826 10 693 581 19 - - - 395 347 14CMC 30 2513 2231 13 336 362 -7 380 414 -8 277 280 -1Coal India 6316 74120 70608 5 15016 15764 -5 23904 24876 -4 13727 15112 -9Colgate-Palmolive 14 3982 3579 11 747 613 22 855 779 10 559 540 4Container Corp. 195 6149 5317 16 991 917 8 1729 1488 16 1055 944 12

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FY15 PERFORMANCEYear ended 31st March, 2015

GP(Rs. crs)31.03.15

Equity(Rs. crs)

TI(Rs. crs)31.03.15

TI(Rs. crs)31.03.14

GP(Rs. crs)31.03.14

Company/ Bank OP(Rs. crs)31.03.14

PAT(Rs. crs)31.03.15

OP(Rs. crs)31.03.15

% CH

Note- Figures rounded off, consolidated figures taken wherever possible & Other Income included in profit

% CH % CH% CH PAT(Rs. crs)31.03.14

Coromandel Int. 29 11306 10053 12 749 709 6 697 613 14 402 357 13Corporation Bank 168 21039 19606 7 3027 3039 - - - - 584 562 4CYIENT 56 2736 2206 24 330 338 -2 517 426 21 353 266 33Dabur 176 7827 7075 11 1201 1062 13 1434 1234 16 1066 914 17DCB Bank 282 1588 1267 25 277 188 47 - - - 191 151 26Dena Bank 561 11485 10895 5 1330 1774 -25 - - - 265 552 -52Dewan Housing 146 5982 4968 20 - - - 969 746 30 621 529 17Dr.Reddy’s Labs 85 14819 13217 12 2629 2603 1 - - - 2218 2151 3Elecon Eng. 22 1329 1293 3 98 88 11 106 91 16 16 14 14Emami 23 2217 1821 22 506 406 25 627 553 13 486 402 21Engineers India 168 1741 1846 -6 204 472 -57 497 719 -31 313 483 -35Equitas Micro 199 438 342 28 113 92 23 108 89 22 69 57 21Eveready Inds. 36 1279 1153 11 92 49 88 94 58 61 49 14 250Exide Inds. 85 6884 5975 15 778 700 11 938 849 11 546 487 12Federal Bank 171 8298 7640 9 1628 1480 10 - - - 1006 839 20Finolex Cables 31 2449 2359 4 195 199 -2 327 292 12 199 208 -4Force Motors 13 2364 2022 17 66 12 450 206 147 40 101 78 29GAIL (India) 1268 60704 61918 -2 4218 6360 -34 5925 8567 -31 3071 4728 -35GE Shipping 151 3438 3092 11 - - - 1413 1291 9 748 574 30GHCL 100 2374 2248 6 447 380 18 342 224 52 183 108 69GIC Housing 54 733 625 17 154 133 16 157 135 16 103 98 5Glaxo Consumer 42 4308 4869 -12 668 810 -18 951 1079 -12 584 675 -13Godrej Consumer 34 8276 7602 9 1278 1102 16 1340 1112 21 907 760 19Godrej Inds. 34 9231 7918 17 388 387 - 612 537 14 402 326 23Grasim Inds. 92 32847 29323 12 3581 3457 4 5007 5044 -1 1744 2072 -16Gruh Finance 73 1060 846 25 - - - 302 247 22 204 177 15Gujarat Fluoro. 11 5341 3452 55 750 398 88 1110 465 139 585 186 215Gujarat Gas 26 2513 3903 -36 372 525 -29 512 711 -28 314 419 -25HDFC 315 48316 40753 19 10042 8784 14 10163 8893 14 8763 7948 10HDFC Bank 501 57466 49055 17 17404 14360 21 - - - 10216 8478 21Hindalco Inds. 207 104281 87695 19 5354 4733 13 3931 6205 -37 854 2175 -61Hindustan Zinc 845 14788 13636 8 6775 6115 11 10214 8754 17 8178 6905 18HSIL 14 1981 1858 7 207 143 45 259 185 40 85 34 150HUL 216 31972 29234 9 5091 4450 14 6642 5511 21 4363 3946 11ICICI Bank 1160 61267 54606 12 19720 16595 19 - - - 11175 9810 14ICRA 10 322 283 14 89 79 13 110 104 6 65 69 -6IDBI Bank 1604 32162 29576 9 5728 5681 1 - - - 873 1121 -22Idea Cellular 3598 31571 26519 19 5508 3773 46 10236 7564 35 3193 1968 62IDFC 1593 9640 8772 10 7921 7600 4 2285 2594 -12 1707 1803 -5IFMR Capital 78 152 76 100 51 14 264 50 14 255 38 12 217Indiabulls Housing 71 6465 5419 19 5611 4779 17 2491 1990 25 1901 1564 22Indiabulls Ventures 52 335 289 16 182 163 12 207 159 30 151 102 48Indian Bank 480 17216 16621 4 3014 2901 4 - - - 1005 1159 -13Indraprastha Gas 140 3681 3914 -6 644 563 14 798 759 5 438 360 22

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FY15 PERFORMANCEYear ended 31st March, 2015

GP(Rs. crs)31.03.15

Equity(Rs. crs)

TI(Rs. crs)31.03.15

TI(Rs. crs)31.03.14

GP(Rs. crs)31.03.14

Company/ Bank OP(Rs. crs)31.03.14

PAT(Rs. crs)31.03.15

OP(Rs. crs)31.03.15

% CH

Note- Figures rounded off, consolidated figures taken wherever possible & Other Income included in profit

% CH % CH% CH PAT(Rs. crs)31.03.14

IndusInd Bank 529 12096 10144 19 3098 2596 19 - - - 1794 1408 27Infosys 572 53319 50133 6 13832 12041 15 - - - 12329 10648 16Inox Wind 222 2710 1567 73 437 165 165 409 139 194 296 132 124Insecticides (I) 13 964 864 12 97 75 29 78 55 42 55 40 38ITC 802 38835 35317 10 13174 12087 9 15390 14016 10 9663 8891 9Jamna Auto Inds. 40 1095 833 31 63 21 200 78 43 84 29 14 107JK Tyre 45 7384 7652 -4 773 692 12 643 554 16 330 263 25JM Financial 78 1392 1002 39 926 584 59 535 295 81 331 210 58JSW Steel 242 52972 51220 3 5968 5983 - 5974 4491 33 1797 452 298Jyothy Labs 18 1515 1324 14 130 133 -2 157 106 48 121 81 49Kajaria Ceramics 16 2187 1836 19 298 238 25 326 246 33 176 124 42Karnataka Bank 188 5205 4694 11 723 687 5 - - - 451 311 45Karur Vysya Bank 122 5977 5680 5 943 838 13 - - - 464 430 8Kaveri Seed 14 1161 1011 15 295 205 44 325 231 41 301 209 44KCP 13 1187 1043 14 118 62 90 129 101 28 67 50 34KEC International 51 8468 7902 7 424 423 - 349 226 55 161 67 140Kitex Garments 5 511 442 16 147 85 73 163 98 67 99 57 74Kotak Mah. Bank 386 21423 17236 24 4756 4004 19 - - - 3045 2465 24KPR Mill 38 2566 2371 8 283 266 6 377 349 8 174 142 23L&T 186 92005 85128 8 8713 9284 -6 9840 8935 10 4765 4902 -3L&T Fin. Hold. 1720 6196 5056 23 4458 3718 20 1270 905 40 855 597 43La Opala RG 11 223 178 25 56 43 30 66 48 38 42 30 40Lakshmi Vilas Bank 179 2499 2188 14 366 309 18 - - - 132 60 120LIC Housing Fin. 101 10669 9181 16 1973 1672 18 2111 1833 15 1386 1317 5LMW 11 2488 2338 6 211 167 26 401 373 7 220 169 30Lupin 90 12770 11287 13 3185 2742 16 3850 3093 24 2403 1836 31Lycos Internet 95 1957 1673 17 530 298 78 563 342 65 342 221 55M&M Fin. Services 113 6021 5275 14 4003 3717 8 1445 1488 -3 913 954 -4Magma Fincorp 38 2354 2081 13 1424 1338 6 258 231 12 181 152 19Marico 65 5733 4687 22 786 671 17 906 771 17 573 485 18Maruti Suzuki 151 49971 43792 14 4243 3103 37 7339 5743 28 3711 2783 33MCX 51 222 341 -35 62 111 -44 196 244 -20 125 153 -18MindTree 84 3562 3032 17 607 529 15 793 659 20 536 451 19MM Forgings 12 503 411 22 75 43 74 104 74 40 51 29 76Motherson Sumi 88 35032 30721 14 2282 1873 22 2738 2413 13 862 765 13Muthoot Fin. 398 4314 4928 -12 3123 3800 -18 1112 1241 -10 671 780 -14Nandan Denim 46 1097 894 23 106 83 28 131 105 25 51 39 31Natco Pharma 33 825 739 12 166 149 11 181 159 14 135 103 31National Aluminium 1289 7383 6781 9 1292 409 216 2527 1443 75 1322 642 106National Buildings 120 4674 4070 15 286 237 21 395 351 13 278 257 8NCC 111 9513 7463 27 723 522 39 389 208 87 54 3 1700Nitin Spinners 46 617 489 26 72 70 3 82 77 6 41 35 17OBC 300 22083 20963 5 4227 4155 2 - - - 497 1139 -56Oberoi Realty 328 923 798 16 473 408 16 539 492 10 317 311 2

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FY15 PERFORMANCEYear ended 31st March, 2015

GP(Rs. crs)31.03.15

Equity(Rs. crs)

TI(Rs. crs)31.03.15

TI(Rs. crs)31.03.14

GP(Rs. crs)31.03.14

Company/ Bank OP(Rs. crs)31.03.14

PAT(Rs. crs)31.03.15

OP(Rs. crs)31.03.15

% CH

Note- Figures rounded off, consolidated figures taken wherever possible & Other Income included in profit

% CH % CH% CH PAT(Rs. crs)31.03.14

ONGC 4278 160895 174467 -8 24305 33134 -27 45398 56027 -19 18334 26507 -31Ortel Comm. 30 155 129 20 23 10 130 26 9 201 6 -14 -P I Industries 14 1940 1596 22 323 257 26 405 293 38 246 188 31Page Inds. 11 1543 1188 30 301 241 25 311 247 26 196 154 27PC Jeweller 179 6349 5325 19 701 569 23 562 482 17 378 356 6Pennar Inds. 60 1446 1295 12 118 90 31 84 67 26 36 26 38Persistent Systems 80 1891 1669 13 296 312 -5 484 445 9 291 249 17Petronet LNG 750 39501 37748 5 1124 1190 -6 1300 1363 -5 883 712 24Pfizer 46 1853 1112 67 252 231 9 369 348 6 70 221 -68Pitti Laminations 13 341 248 38 25 24 4 31 16 99 9 4 125PNB 371 52206 47800 9 11955 11384 5 - - - 3062 3343 -8PNB Housing 104 1777 1116 59 - - - 334 206 62 196 127 54Pokarna 6 326 230 42 61 26 135 58 16 273 31 12 158Power Grid Corp. 5232 17659 15675 13 9906 9142 8 11572 10438 11 5046 4548 11Prestige Estates 375 3420 2549 34 854 631 35 771 589 31 332 314 6Punjab & Sind Bank 400 9017 8400 7 775 801 -3 - - - 121 301 -60R S Software 13 376 382 -2 88 71 24 105 83 26 65 51 27Ramakrishna Forg. 27 752 437 72 98 34 188 111 38 192 75 8 838REC 987 20384 17122 19 7386 6510 13 7561 6621 14 5344 4741 13Reliance Capital 253 8787 7455 18 3799 3259 17 1299 908 43 1001 747 34Reliance Inds 3236 375435 434460 -14 25817 23598 9 42543 39874 7 23566 22493 5Repco Home Fin. 62 692 534 30 185 148 25 189 152 25 123 110 12S E Investments 41 178 208 -14 123 146 -16 68 85 -20 45 56 -20SBH 21 15149 14449 5 2914 2691 8 - - - 1317 1020 29SBI 747 174973 154904 13 38914 32109 21 - - - 13102 10891 20Shilpi Cable Tech. 103 3213 1753 83 252 166 52 187 117 60 160 100 60Shipping Corp. 466 4311 4405 -2 179 -147 - 1046 635 65 201 -275 -Shriram City 66 3562 3226 10 2172 2093 4 910 826 10 571 532 7Shriram Transport 227 9177 8476 8 6322 6168 3 1693 2003 -16 1028 1358 -24Sintex Inds. 42 7035 5864 20 950 709 34 974 736 32 529 365 45SJVN 4137 2817 1874 50 1800 1130 59 2688 1813 48 1677 1114 51Skipper 10 1313 1042 26 193 95 103 159 52 206 89 26 242SKS Microfinance 126 724 519 40 394 258 53 198 74 168 188 70 169SMC Global 23 369 293 26 70 36 94 74 38 91 42 22 91SML Isuzu 14 1106 881 26 46 19 142 69 31 125 37 17 118SMS Pharma 8 579 518 12 69 44 57 85 45 89 35 20 75Snowman Log. 167 203 153 33 23 23 - 39 29 37 25 22 14Sonata Software 11 1682 1566 7 165 92 79 188 115 63 134 78 72South Indian Bank 135 5783 5384 7 816 884 -8 - - - 307 508 -40Srikalahasthi Pipes 40 1084 989 10 154 89 73 151 69 117 83 39 113Star Ferro 22 1430 1173 22 211 93 127 348 169 106 83 6 1283State Bank of B&J 70 9932 9045 10 2104 1695 24 - - - 777 732 6State Bank of Mys. 48 7708 6895 12 1331 1164 14 - - - 409 274 49State Bank of Tra. 59 10583 10559 - 1372 1370 - - - - 336 304 11

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GP(Rs. crs)31.03.15

Equity(Rs. crs)

TI(Rs. crs)31.03.15

TI(Rs. crs)31.03.14

GP(Rs. crs)31.03.14

Company/ Bank OP(Rs. crs)31.03.14

PAT(Rs. crs)31.03.15

OP(Rs. crs)31.03.15

% CH

Note- Figures rounded off, consolidated figures taken wherever possible & Other Income included in profit

% CH % CH% CH PAT(Rs. crs)31.03.14

Steel Exchange 52 1565 1255 25 150 112 34 60 54 11 28 36 -22Sun Pharma 207 27433 16080 71 6769 6781 - 7699 4991 54 4541 3141 45Sundaram Clayton 10 11340 9344 21 478 367 30 717 530 35 212 141 50Sundaram Fin. 111 4238 4087 4 2585 2562 1 972 988 -2 576 581 -1Sutlej Textiles 16 1878 1881 - 162 191 -15 218 247 -12 115 131 -12Suven Life 13 521 510 2 159 210 -24 161 212 -24 109 144 -24Take Solutions 12 730 816 -11 90 70 29 145 140 4 70 58 21Tamilnad Mer. Bank 0.28 3127 2923 7 607 613 -1 - - - 379 301 26Tata Coffee 19 1691 1677 1 290 264 10 317 186 71 120 81 48Tata Elxsi 31 849 775 10 152 101 51 181 147 23 102 72 42Tata Global Bev. 63 7993 7738 3 642 623 3 633 836 -24 248 481 -48Tata Motors 644 262796 232834 13 25850 23775 9 35091 29947 17 13986 13991 -Tata Power 270 34367 35873 -4 4766 4977 -4 3658 3705 -1 168 -260 -TCS 196 94648 81809 16 22683 23804 -5 28097 26751 5 19852 19164 4Tech Mahindra 480 22621 18831 20 3541 3662 -3 4230 4337 -2 2628 3029 -13Techno Electric 11 794 708 12 148 126 17 185 159 16 105 87 21Thermax 24 4697 4302 9 406 351 16 561 465 21 336 253 33Titagarh Wagons 20 378 263 44 22 -11 - 24 13 87 10 4 150Torrent Pharma 85 4653 4184 11 829 865 -4 1131 931 21 751 664 13Torrent Power 472 10423 8681 20 1386 729 90 1461 829 76 360 105 243Triveni Turbine 33 626 508 23 111 94 18 150 114 31 91 68 34Tube Investments 37 9698 8834 10 1064 885 20 1174 948 24 424 311 36TVS Motor 48 10098 7966 27 451 351 28 609 484 26 348 262 33TVS Srichakra 8 2176 1938 12 175 125 40 179 103 74 100 57 75Uco Bank 1076 21363 19550 9 4910 4940 -1 - - - 1138 1511 -25UltraTech Cement 274 24349 21652 12 3222 2896 11 4189 3997 5 2098 2206 -5Union Bank 636 35607 32171 11 5823 5218 12 - - - 1782 1696 5United Bk of India 840 11927 11806 1 2428 2062 18 - - - 256 -1213 -Vijaya Bank 859 13152 11416 15 1259 1104 14 - - - 439 416 6Visaka Inds. 16 1021 892 14 53 35 51 76 41 85 21 12 75V-Mart Retail 18 721 575 25 59 41 44 62 49 27 37 25 48Voltamp Trans. 10 517 445 16 13 8 63 41 41 -2 28 26 8Voltas 33 5183 5266 -2 382 241 59 542 365 49 384 245 57VRL Logistics 86 1671 1494 12 185 120 54 226 163 38 91 57 60VST Industries 15 836 789 6 210 192 9 261 251 4 152 150 1Welspun Corp. 132 8450 7705 10 406 263 54 668 548 22 69 73 -5Welspun India 100 5303 4373 21 941 235 300 1086 790 37 540 92 487Wendt (India) 20 124 110 13 15 15 - 25 22 15 14 12 17Wipro 494 47318 43755 8 9542 8935 7 12451 11211 11 8653 7797 11Yes Bank 418 13618 11703 16 3250 2688 21 - - - 2005 1618 24Zensar Tech. 44 2656 2335 14 350 320 9 407 378 8 265 238 11Zicom Electronic 20 1108 926 20 109 84 30 91 71 27 51 42 21Zydus Wellness 39 431 404 7 92 85 8 127 108 18 109 96 14

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Page 44: Kompella Investment Adviser September 2015 Edition

NINE MONTHS PERFORMANCE

KOMPELLA PORTFOLIO INVESTMENT ADVICE45

SEPTEMBER, 2015

NINE MONTHS PERFORMANCENine months ended 31st Dec. 2014

GP(Rs. crs)31.12.14

Equity(Rs. crs)

TI(Rs. crs)31.12.14

TI(Rs. crs)31.12.13

GP(Rs. crs)31.12.13

Company/ Bank OP(Rs. crs)31.12.13

PAT(Rs. crs)31.12.14

OP(Rs. crs)31.12.14

% CH

Note- Figures rounded off, consolidated figures taken wherever possible & Other Income included in profit

% CH % CH% CH PAT(Rs. crs)31.12.13

3M India 11 1363 1304 5 97 29 234 138 65 112 67 18 272Aban Offshore 11 3049 2884 6 1330 1160 15 978 745 31 431 233 85ABB India 42 7733 7722 - 443 367 21 468 376 25 229 179 28Aditya Birla Nuvo 130 19444 18781 4 2759 2242 23 2991 2608 15 1084 967 12Allcargo Logistics 25 4214 3569 18 249 194 28 358 286 25 184 138 33Amara Raja Batt. 17 3160 2564 23 444 392 13 557 462 21 309 287 8Amrutanjan Health 3 115 96 20 14 11 27 19 14 36 11 8 38Andhra Bank 590 13169 11572 14 2295 1911 20 - - - 453 348 30Andrew Yule 67 253 226 12 15 10 50 8 28 -71 18 7 157Anjani Portland Ce 18 177 206 -14 21 17 24 9 4 125 1 -5 -APL Apollo Tubes 23 2288 1895 21 132 111 19 101 79 28 57 45 27Arvind 258 5811 4980 17 597 504 18 518 465 11 293 260 13Asian Paints 96 10648 9408 13 1477 1329 11 1754 1585 11 1054 931 13ASM Technologies 5 121 123 -2 13 10 30 11 10 10 6 6 -Astra Microwave 16 526 336 57 78 27 189 92 42 119 55 25 120Atlanta 16 278 177 57 84 41 105 82 24 242 42 14 200Aurobindo Pharma 29 8958 5770 55 1660 1165 42 1859 1091 70 1172 671 75AV Thomas & Co. 0.47 496 474 5 34 27 26 37 30 23 23 18 28Axis Bank 473 31459 27868 13 9373 8208 14 - - - 5177 4375 18Axiscades Engg. 14 235 230 2 23 14 64 27 18 50 13 7 86Bajaj Finance 50 3952 2957 34 2628 1920 37 1038 833 25 667 537 24Bajaj Finserv 80 5181 3967 31 3670 2816 30 2073 1711 21 983 836 18Bajaj Holdings 111 440 323 36 404 304 33 443 316 40 1504 1397 8Bank of Maharash 1063 10073 9478 6 1679 1539 9 - - - 338 329 3Bharat Forge 47 3324 2469 35 769 448 72 950 601 58 516 281 84Bliss GVS Pharma 10 246 235 5 71 57 25 84 82 3 54 52 4Britannia Ind. 24 5795 5100 14 516 397 30 814 475 71 521 288 81Cadila Healthcare 102 6348 5256 21 1033 693 49 1231 810 52 800 564 42Can Fin Homes 20 590 416 42 541 379 43 101 80 26 63 56 13Canara Bank 461 35871 31871 13 5218 4914 6 - - - 2090 1827 14Carborundum Uni 19 1573 1589 -1 110 120 -8 189 179 6 67 67 -CARE 29 179 154 16 106 93 14 149 123 21 105 87 21CCL Products 27 664 500 33 109 82 33 122 91 34 72 47 53Centum Electronics 13 364 313 16 64 55 16 77 63 22 30 27 11Century Plyboards 22 1156 941 23 152 64 138 153 62 147 103 38 171Cera Sanitaryware 6 571 446 28 70 50 40 81 59 37 46 33 39Cholamandalam Inv. 144 2747 2405 14 461 415 11 484 431 12 308 276 12City Union Bank 60 2309 2105 10 514 437 18 - - - 296 264 12CMC 30 1847 1608 15 252 237 6 280 271 3 207 191 8Colgate Palmolive 14 2953 2652 11 520 427 22 601 579 4 395 408 -3Container Corp. 195 4076 3688 11 686 696 -1 1238 1093 13 755 739 2Coromandel Intl. 29 8309 7869 6 616 552 12 568 471 21 333 276 21Corporation Bank 168 15654 14574 7 2062 2403 -14 - - - 539 520 4Cyient 56 2006 1612 24 258 247 4 392 322 22 260 196 33Dabur India 176 5877 5306 11 884 793 11 1055 914 15 781 679 15DB Corp 184 1524 1406 8 38 35 9 45 41 10 25 23 9DCB Bank 281 1163 926 26 209 138 51 - - - 128 112 14Dewan Housing Fi 129 4404 3553 24 - - - 713 535 33 459 388 18Dr.Reddy’s Labs 85 10948 9736 12 2017 2018 - - - - 1699 1670 2Emami 23 1664 1375 21 376 306 23 464 429 8 347 291 19Entertainment Net. 48 315 270 17 87 69 26 134 110 22 80 62 29Essar Oil 1450 67598 73328 -8 3239 2516 29 1505 126 1094 976 -882 -Eveready Ind. 36 1004 896 12 80 44 82 81 50 62 44 12 267Exide Industries 85 5233 4360 20 579 514 13 694 620 12 408 355 15

Page 45: Kompella Investment Adviser September 2015 Edition

NINE MONTHS PERFORMANCE

KOMPELLA PORTFOLIO INVESTMENT ADVICE46

SEPTEMBER, 2015

NINE MONTHS PERFORMANCENine months ended 31st Dec. 2014

GP(Rs. crs)31.12.14

Equity(Rs. crs)

TI(Rs. crs)31.12.14

TI(Rs. crs)31.12.13

GP(Rs. crs)31.12.13

Company/ Bank OP(Rs. crs)31.12.13

PAT(Rs. crs)31.12.14

OP(Rs. crs)31.12.14

% CH

Note- Figures rounded off, consolidated figures taken wherever possible & Other Income included in profit

% CH % CH% CH PAT(Rs. crs)31.12.13

Federal Bank 171 6083 5622 8 1159 1060 9 - - - 725 562 29Finolex Cables 31 1791 1710 5 155 136 14 237 214 11 152 138 10Firstsource Sol. 665 2281 2310 -1 227 206 10 234 201 16 172 134 28Gallantt Metal 81 557 491 13 34 19 79 39 23 70 24 11 118Garware-Wall Rop 22 587 497 18 49 41 20 53 38 39 31 19 63GE Shipping 151 2554 2293 11 620 588 5 1114 1059 5 611 507 21Geojit BNP Paribas 23 227 155 46 77 33 133 100 -65 - 60 -62 -Geometric 13 744 749 -1 93 73 27 129 109 18 52 40 30GHCL 100 1734 1626 7 314 274 15 243 168 45 133 77 73Godrej Consumer 34 6184 5671 9 914 773 18 957 776 23 642 523 23Godrej Industries 34 6922 5926 17 296 302 -2 430 383 12 264 212 25Granules India 20 938 778 21 121 89 36 137 98 40 69 52 33GSFC 80 4034 3894 4 386 224 72 551 398 38 336 208 62Gujarat Fluorochem. 11 3788 2258 68 557 294 89 617 349 77 311 166 87HDFC 314 33590 28487 18 6782 5981 13 6873 6047 14 6116 5533 11HDFC Bank 483 41896 36265 16 12683 10581 20 - - - 7409 6152 20HDIL 419 866 663 31 625 617 1 262 168 56 182 64 184Hester Biosciences 9 67 47 43 17 12 42 17 13 31 10 6 67HIL 7 834 632 32 67 11 509 101 24 321 54 4 1250Himatsingka Seide 49 1486 1530 -3 128 119 8 103 101 2 70 52 35Hindustan Zinc 845 10663 9993 7 4824 4626 4 7654 6430 19 6181 5023 23HSIL 13 1298 1117 16 147 92 60 183 115 59 64 27 137ICICI Bank 1159 45033 40141 12 14252 12141 17 - - - 8253 7158 15Idea Cellular 3597 23148 19475 19 3931 2682 47 7277 5530 32 2251 1378 63IFB Industries 41 935 745 26 53 12 342 82 34 141 49 13 277IFCI 1662 2415 2084 16 806 789 2 570 442 29 402 338 19IIFL Holdings 61 2604 2041 28 1541 1135 36 541 347 56 316 197 60Indiabulls Housing 71 4587 4097 12 4004 3647 10 1737 1519 14 1350 1113 21Indiabulls Securities 52 224 210 7 112 117 -4 142 114 25 100 73 37Indian Overseas Bk 1235 19373 18377 5 2142 2806 -24 - - - -490 333 -Indraprastha Gas 140 2764 2948 -6 506 426 19 619 570 9 342 270 27Indusind Bank 529 8858 7442 19 2248 1877 20 - - - 1298 1012 28Infinite Computer 40 1313 1329 -1 126 107 18 172 143 20 103 75 37Infosys 572 39908 37258 7 10383 8760 19 - - - 9232 7656 21Ingersoll-Rand 32 507 446 14 33 21 57 84 73 15 49 46 7Insecticides (I) 13 803 729 10 87 68 28 70 49 42 49 35 40ITC 800 27215 24000 13 9518 8589 11 11361 10098 13 7247 6507 11Jaiprakash Ass 486 8305 9650 -14 1348 1728 -22 86 900 -90 -303 313 -Jindal Saw 55 4518 4146 9 423 306 38 467 262 78 191 87 120JK Lakshmi Cement 59 1729 1408 23 193 86 124 192 151 27 90 40 125JK Tyre 41 5574 5404 3 560 500 12 446 386 16 224 180 24JM Financial 78 1001 748 34 656 447 47 372 220 69 238 150 59JSW Energy 1640 7190 6647 8 2135 1950 9 2033 1430 42 1024 580 77JSW Steel 242 40372 36877 9 5183 4278 21 5156 2745 88 1734 -31 -Just Dial 70 437 337 30 109 92 18 148 132 12 92 86 7Jyothy Labs 18 1114 964 16 97 109 -11 118 78 51 94 60 57Kajaria Ceramics 16 1597 1310 22 208 162 28 231 166 39 124 82 51Kakatiya Cement 8 143 137 4 9 9 - 17 16 3 10 8 25Kalyani Steels 22 924 789 17 100 66 52 111 82 35 59 37 59Karnataka Bank 188 3897 3522 11 534 598 -11 - - - 317 230 38Karur Vysya Bank 121 4469 4212 6 683 629 9 - - - 326 310 5KEI Industries 15 1396 1152 21 119 93 28 52 29 76 22 7 214Kennametal India 22 284 262 8 14 8 75 30 15 100 13 2 550Kirloskar Ferrous In 69 1042 886 18 86 54 59 101 71 42 48 30 60

Page 46: Kompella Investment Adviser September 2015 Edition

NINE MONTHS PERFORMANCE

KOMPELLA PORTFOLIO INVESTMENT ADVICE47

SEPTEMBER, 2015

NINE MONTHS PERFORMANCENine months ended 31st Dec. 2014

GP(Rs. crs)31.12.14

Equity(Rs. crs)

TI(Rs. crs)31.12.14

TI(Rs. crs)31.12.13

GP(Rs. crs)31.12.13

Company/ Bank OP(Rs. crs)31.12.13

PAT(Rs. crs)31.12.14

OP(Rs. crs)31.12.14

% CH

Note- Figures rounded off, consolidated figures taken wherever possible & Other Income included in profit

% CH % CH% CH PAT(Rs. crs)31.12.13

Kitex Garments 5 353 300 18 87 47 85 102 63 62 57 36 58Kotak Mahindra Bk 386 8499 7614 12 2137 1970 8 - - - 1339 1095 22KPR Mill 38 1889 1740 9 214 201 6 286 245 17 123 88 40KSE 3 680 600 13 36 16 125 50 17 194 32 9 256L&T 186 63982 58104 10 5704 5277 8 6326 5420 17 2695 2062 31L&T Finance 1719 4562 3662 25 3304 2685 23 987 630 57 649 410 58Lakshmi Vilas Bank 179 1835 1616 14 263 231 14 - - - 92 39 136Liberty Shoes 17 391 343 14 22 21 5 19 17 12 10 9 11LIC Housing Fin. 101 7837 6738 16 1425 1185 20 1534 1310 17 1008 947 6LMW 11 1729 1606 8 142 128 11 285 268 6 140 130 8Lupin 90 9692 8166 19 2503 1885 33 3046 2223 37 1856 1283 45Mac Charles 13 46 40 15 18 5 260 23 13 77 12 6 100Magma Fincorp 38 1734 1528 13 1047 998 5 177 172 3 128 110 16Maharshtra Seam 34 983 879 12 55 45 22 135 112 21 87 69 26Maithan Alloys 15 676 604 12 57 15 280 60 17 253 41 10 310Manali Petro 86 536 411 30 52 26 100 59 34 74 35 22 59Marico 64 4506 3614 25 634 538 18 721 610 18 463 397 17Maruti Suzuki 151 36249 31599 15 2631 2322 13 4957 4133 20 2427 1983 22MBL Infra. 21 1407 1257 12 160 131 22 105 84 25 68 55 24Minda Corporation 21 1479 1137 30 104 51 104 120 78 54 63 33 91Mindtree 84 2644 2208 20 458 375 22 596 513 16 408 353 16Mirza Intl. 19 701 537 31 88 77 14 79 70 13 39 35 11MM Forgings 12 376 304 24 57 30 90 78 53 47 39 22 77Motherson Sumi 88 25558 22314 15 1575 1219 29 2079 1624 28 522 462 13Natco Pharma 33 624 555 12 129 120 8 138 120 16 80 79 1National Aluminium 1289 5582 4943 13 962 241 299 1789 1047 71 967 470 106NCC 111 7025 5175 36 531 386 38 216 175 23 1.89 0.37 411NMDC 396 9528 8174 17 6222 5194 20 7838 6868 14 5075 4458 14Oberoi Realty 328 578 578 - 306 289 6 347 358 -3 214 234 -9OCL India 11 1564 1317 19 143 105 36 207 173 20 78 56 39Omkar Speciality 21 191 166 15 35 23 52 29 21 38 19 10 90Orient Cement 20 1153 1037 11 173 116 49 199 155 28 109 75 45Page Industries 11 1163 907 28 229 186 23 238 189 26 149 119 25Pennar Industries 60 985 882 12 72 58 24 51 45 14 20 19 5Petronet LNG 750 32339 27320 18 984 904 9 1088 1024 6 582 543 7P I Industries 14 1403 1232 14 246 211 17 296 234 27 183 139 32PNB Gilts 180 315 268 18 305 259 18 112 78 43 75 53 42Pokarna 6 223 163 37 38 18 111 34 11 226 18 1 1700Power Finance 1320 18658 15890 17 6165 5555 11 6183 5570 11 4399 4006 10Power Grid Corp. 5232 12474 11244 11 7026 6632 6 8148 7498 9 3567 3322 7Prestige Estates 375 1698 1404 21 447 355 26 474 382 24 300 245 22Punjab National Bk 362 38750 35302 10 8752 8211 7 - - - 2755 2536 9Ramakrishna For. 27 499 294 70 61 20 205 73 23 217 40 4 900Rane Brake Lining 8 303 276 10 16 11 45 26 20 30 10 8 25Rashtriya Chemicals 552 5688 4666 22 456 205 122 571 246 132 256 97 164REC 987 14896 12575 18 5647 4828 17 5773 4887 18 4163 3492 19Reliance Capital 244 6318 5667 11 2698 2370 14 748 569 31 594 480 24Reliance Ind. 3235 307965 331032 -7 18736 17082 10 31180 29329 6 17185 16612 3Renaissance Jew. 19 1016 868 17 47 29 62 52 30 73 34 17 100Repco Home 62 501 384 30 133 105 27 136 108 26 88 79 11RS Software 13 293 289 1 67 55 22 78 63 24 49 35 40Sathavahana Ispat 51 772 764 1 56 -21 - 41 -52 - 21 -69 -Shilpi Cable Tech. 99 2310 1089 112 178 117 52 137 85 61 118 72 64Shipping Corporat. 466 3234 3123 4 47 -185 - 730 405 80 99 -288 -

Page 47: Kompella Investment Adviser September 2015 Edition

NINE MONTHS PERFORMANCE

KOMPELLA PORTFOLIO INVESTMENT ADVICE48

SEPTEMBER, 2015

NINE MONTHS PERFORMANCENine months ended 31st Dec. 2014

GP(Rs. crs)31.12.14

Equity(Rs. crs)

TI(Rs. crs)31.12.14

TI(Rs. crs)31.12.13

GP(Rs. crs)31.12.13

Company/ Bank OP(Rs. crs)31.12.13

PAT(Rs. crs)31.12.14

OP(Rs. crs)31.12.14

% CH

Note- Figures rounded off, consolidated figures taken wherever possible & Other Income included in profit

% CH % CH% CH PAT(Rs. crs)31.12.13

Shriram City Union F. 66 2590 2369 9 1,589 1550 3 650 588 11 408 374 9Sintex Ind. 37 4858 3881 25 613 445 38 609 476 28 331 204 62SJVN 4137 2431 1562 56 1649 1035 59 2301 1517 52 1492 970 54Skipper 10 813 610 33 131 61 115 105 33 215 59 16 269SKM Egg 26 205 169 21 23 11 109 30 9 233 17 3 467SKS Microfinance 126 526 381 38 290 185 57 150 46 226 147 43 242Solar Ind. 18 962 793 21 166 121 37 170 131 30 107 79 35Sonata Soft 11 1290 1225 5 121 63 92 138 81 70 99 54 83Srikalahasti Pipes 40 782 742 5 109 66 65 97 46 111 53 22 141Star Ferro 22 1009 793 27 126 16 688 225 71 217 38 -32 -State Bank of B&J 70 7297 6591 11 1489 1190 25 - - - 497 494 1State Bank of India 747 126357 112460 12 26504 21481 23 - - - 9360 7850 19State Bank of Mys 48 5656 5071 12 929 803 16 - - - 273 167 63State Bank of Patial 368 8408 8132 3 1041 1035 1 - - - 236 206 15Sterlite Tech. 79 2051 2081 -1 146 112 30 132 131 1 45 40 13Subros 12 891 844 6 39 30 30 71 62 15 13 8 63Sumeet Ind. 58 962 945 2 52 54 -4 46 37 24 21 17 24Sun Pharma 207 13000 12022 8 5414 5092 6 6004 3152 91 4388 1617 171Sun TV 197 1695 1577 7 742 722 3 1253 1125 11 534 519 3Sundaram Finance 111 1677 1668 1 1292 1299 -1 599 573 5 363 342 6Sundram Fasteners 21 1786 1502 19 202 126 60 219 178 23 119 93 28Surana Solar 25 102 95 7 12 5 140 11 7 57 7 3 133Suryalakshmi Cotton 17 544 487 12 48 36 33 47 36 30 17 11 55Symphony 7 266 197 35 83 54 54 83 55 51 58 39 49Tata Chemicals 255 13470 12200 10 1396 1131 23 1491 996 50 671 194 246Tata Coffee 19 1241 1280 -3 204 219 -7 223 142 57 81 65 25Tata Elxsi 31 618 563 10 106 66 61 134 100 34 72 50 44Tata Metaliks 25 813 846 -4 117 46 154 101 22 359 73 10 630Tata Motors 644 195220 167517 17 21231 16885 26 28464 21669 31 12270 10073 22TCS 196 70429 60258 17 18872 17490 8 22692 19353 17 16140 13806 17Thermax 24 3177 2920 9 264 224 18 354 300 18 204 147 39Titan Co. 89 9407 8112 16 816 707 15 871 782 11 608 535 14Torrent Pharma 85 3499 2959 18 727 538 35 916 591 55 621 420 48Tourism Finance 81 141 141 - 62 60 3 64 64 1 49 44 11Transport Corp. 15 1631 1492 9 87 72 21 107 86 24 54 41 32Tube Investments 37 7330 6552 12 787 666 18 805 701 15 277 242 14TV Today Network 30 380 292 30 100 65 54 133 88 51 72 45 60TVS Motor 48 7641 5806 32 347 244 42 463 377 23 257 210 22TVS Srichakra 8 1431 1214 18 120 65 85 117 53 121 70 26 169Ucal Fuel Systems 22 405 347 17 39 30 30 39 21 86 17 6 183Ultratech Cement 274 17751 15337 16 2145 1869 15 2914 2693 8 1441 1341 7Umang Diaries 11 177 122 45 8 4 100 9 5 80 5 2 150Union Bank of India 636 26223 23726 11 4171 3898 7 - - - 1338 1117 20United Bank 717 8774 8732 - 1636 1519 8 - - - 151 -1683 -V2 Retail 22 221 177 25 21 8 163 19 7 171 9 3 200Vijaya Bank 859 9746 8387 16 947 771 23 - - - 343 280 23Vindhya Telelinks 12 398 282 41 41 24 71 33 18 83 22 11 100Vishnu Chemicals 12 297 239 24 43 33 30 29 21 35 12 7 71Wabco India 9 965 795 21 112 94 19 162 146 11 90 85 6Welspun India 100 3937 3219 22 697 98 611 770 604 27 378 10 3680Whirlpool of India 127 2518 2168 16 201 105 91 276 171 61 155 87 78Wipro 494 35147 32051 10 7087 6354 12 9212 8031 15 6381 5570 15Wonderla Holidays 57 145 120 21 58 46 26 76 57 33 44 33 33Yes Bank 417 9940 8689 14 2312 2008 15 - - - 1454 1188 22Zensar Tech. 44 1988 1727 15 258 236 9 310 297 4 193 182 6Zicom Electronic 18 777 621 25 75 56 34 63 51 24 32 28 14

Page 48: Kompella Investment Adviser September 2015 Edition

KOMPELLA PORTFOLIO INVESTMENT ADVICE49

TECHNICAL ANALYSIS

SEPTEMBER, 2015

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BPCL : MOVING IN A NARROW RANGE

HPCL : MOVING IN A NARROW RANGE

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Page 49: Kompella Investment Adviser September 2015 Edition

KOMPELLA PORTFOLIO INVESTMENT ADVICE50

INDEX : BSE SENSEX & NSE NIFTY

SEPTEMBER, 2015

BSE Sensex (Daily Closing): at 26,283.09 on August 31, 2015

NSE Nifty (Daily Closing): at 7,971.30 on August 31, 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Profit booking

Profit booking

Page 50: Kompella Investment Adviser September 2015 Edition

ENERGY STOCKS

KOMPELLA PORTFOLIO INVESTMENT ADVICE51

SEPTEMBER, 2015

CPCL : FINE START - NET PROFIT OF RS.924CRS IN Q1

CPCL achieved a turnover of Rs.11,386 Crore for the firstquarter ending June 2015 as compared Rs.14,222 Crore inthe corresponding period during the previous year. The reduc-tion in turnover is mainly due to the sharp fall in prices ofpetroleum products from the second half of the year 2014-15.However, CPCL earned a higher Gross Refining Margin (GRM)of US$ 10.09 per bbl during the first quarter of 2015-16 asagainst US$ 1.88 per bbl during the same period last year asthe product cracks have improved over the previous yearcoupled with continued strong physical performance. CPCLposted a Profit Before Tax of Rs.924 Crore, as compared tothe loss of Rs.193 Crore incurred during the first quarter ofprevious year. The Profit After Tax increased by 81% on aQuarter-to-Quarter basis from Rs 510 Crore to Rs.924 Crore.Physical PerformanceCPCL achieved the highest ever Crude thruput of 2845 Thou-sand Metric Tonnes (TMT) for the first quarter of 2015-16 ascompared to 2819 TMT in the corresponding quarter of theprevious year. The Total Distillates production was also thehighest at 74.3% during the first quarter of 2015-16 as com-pared to 71 .3% in the first quarter of last year.In addition, CPCL has also initiated a number of Energy Con-servation schemes with an objective to reduce internal fuelconsumption which will contribute to bottom line on recurringbasis. During the year 2014-15, CPCL saved about 13,100tonnes of fuel (approx. 0.12% of thruput) by implementingvarious Energy Conservation schemes.Towards widening the Crude Oil Basket of CPCL, the Com-pany has procured a new Crude - Akpo Blend (Nigeria), dur-ing the first quarter of 2015-16.CAPEX plansThe Planned Capex for the year 2015-16 is Rs.1,392 Croreincluding Non-Plan schemes of Rs.92 Crore. The actual projectexpenditure during the first quarter is almost in line with thetarget at Rs.225 Crore.PROJECTS UNDER IMPLEMENTATIONResid Upgradation ProjectIn order to maximize the distillates yield of the Manali Refineryand increase the proportion of sour Crude processing, theCompany is implementing a Resid Upgradation Project at an

estimated cost of Rs.3110 Crore. This project involves construction ofmajor units like Delayed Coker Unit (DCU), Sulphur Recovery Unit (SRU)and other Utilities & Offsite packages and Revamping of existing HydroCracker Unit for an additional 20% capacity increase. The Project is sched-uled for mechanical completion by the year 2016. CPCL has achieved aphysical progress of 54.89% at the end of the first quarter.New Crude Oil PipelineActivities are initiated to replace the existing Crude oil pipeline running fromChennai Port to Manali Refinery with a new Crude oil pipeline with state-of-the-art technology and safety features, to ensure reliable and fastercrude transfer to refinery, at a cost of Rs.257.87 Crore. The new pipelineis aligned along the berm of Ennore - Manali Road Improvement Project.Statutory approvals from Ministry of Road Transport and Highways(MQRTH) and Petroleum and Explosives Safety Organisation (PESO) wereobtained by May 2015. The tendering jobs are in progress and the projectis scheduled for completion by the year 2016.FUTURE PROJECTSBS IV compliance - DHDS RevampAs per the Auto Fuel Vision and Policy 2025 of Government of lndia, 100%BS-IV quality fuels have to be supplied by the refineries from April 2017and 100% BS-V/VI quality fuels from April 2020. To comply with this direc-tive, the existing Diesel Hydro-desulphurisation Unit (DHDS) is proposedfor revamp from 1.8 MMTPA to 2.34 MMTPA to ensure 100% BS-IV produc-tion from the Manali Refinery. After the revamp, CPCL will be in a position toproduce Hydro-treated Diesel with less than 10 ppm Sulphur. Engineeringactivities are in progress with a target to commission by 31st March 2017.CPCL is already capable of meeting BS-IV spec for total MS production.

FH (in crs) 30.06.15 30.06.14 % CH 31.03.15 31.03.14 %CH(3M) (3 M) (12 M) (12 M)

Capital 149.00 149.00 - 149.00 149.00 -R&S 1506.08 1573.45 -4.28 1506.08 1573.45 -4.28Networth 1655.08 1722.45 -3.91 1655.08 1722.45 -3.91Return on Nw 55.80 29.62 88.39 - - -B.V. (Rs.) 111.08 115.60 -3.91 111.08 115.60 -3.91F.V. 10.00 10.00 - 10.00 10.00 -T.I. 9053.43 12989.44 -30.30 41865.96 49342.63 -15.15O.P. 1000.71 -107.96 - -375.36 209.66 -G.P. 983.75 -97.77 - -516.27 58.62 -Dep. 60.24 95.52 -36.93 226.12 389.58 -41.96PBT 923.51 -193.29 - -742.39 -330.96 -Tax - -703.40 - -703.40 -27.11 -PAT 923.51 510.11 81.04 -38.99 -303.85 -EPS (Rs.) 61.98 34.24 81.02 - - -MP (Rs.) 233.60P/E Ratio 0.94PAT margin 10.20 3.93 159.54 - - -OP margin 11.05 - - - 0.42 -

Chennai Petroleum Corporation Ltd. has made a fine startfor the first quarter ended 30th June, 2015. For Q1FY16, it has re-ported an Operating Profit of 1,001crs against an Operating Loss ofRs.108crs and Net Profit of Rs.924crs against Rs.510crs on a TotalIncome of Rs.9,053crs against Rs.12,989crs over Q1FY15. The EPSfor the quarter is Rs.62/-. The company has strong fundamentals. ItsPaid-up Capital is small at Rs.149crs with a high Networth ofRs.1,655crs. Its Return on Networth is high at 56% for the quarter.Technically the scrip is moving around Rs.235/- with a low P/E Ratioof 1 and Book Value of Rs.111/-.

MR GAUTAM ROY, MD

Page 51: Kompella Investment Adviser September 2015 Edition

ENERGY STOCKS

KOMPELLA PORTFOLIO INVESTMENT ADVICE52

SEPTEMBER, 2015

MRPL : SMART RECOVERY

MRPL’s refining throughput was 3.89 MMT as against 3.20 MMT in thecorresponding quarter of previous year. The GRM for the quarter was posted at$6.62 /bbl as against $0.66 /bbl during the corresponding quarter. The Companyhas posted a Profit After Tax of Rs. 406 Crore as against loss of Rs. 36 Croreduring the corresponding previous quarter.FINANCIAL PERFORMANCE:• MRPL recorded profit of Rs. 406 Crore in the 1st Quarter of 2015-16 as againstloss of Rs. 36 Crore during the corresponding previous quarter. The increasedprofit is on account of increased margins in the products coming out of thesecondary units in Phase III units and also on account of increase in the gapbetween the prices of crude oil and those of refined products during the 1stQuarter 2015-16 as compared to the corresponding previous quarter.POLYPROPYLENE PRODUCTION:• MRPL has successfully started commercial production of Polypropylene from its440 KTPA (Kilo-Tonnes Per Annum) Polypropylene Unit (PPU) on 18th June,2015.With this, MRPL’s Phase-III of refining expansion is fully completed.OMPL’S PROPOSED AMALGAMATION INTO AND WITH MRPL:• The Company has initiated downward integration by amalgamation of ONGCMangalore Petrochemicals Limited (OMPL) with the company. OMPL has recentlycommissioned a state-of-the-art Aromatic Complex with 914 KTPA capacity ofPara-Xylene and 283 KPTA capacity of Benzene adjacent to the refinery.MARKETING:• The Company has retained its strong market presence in its Refinery zone for theproducts (viz. Petcoke, Sulphur) and has also been able to get a good response forthe new product Polypropylene introduced during this quarter .• The Company could evacuate on a consistent basis Petcoke and Sulphur indomestic as well as export market.• The company could evacuate higher volumes of products in domestic marketthereby reducing the exports. The percentage of domestic volume during Q1 of FY2015-16 stood at 70% as against 60% in Q1 of FY 2014-15. Typically net pricerealised in domestic market is more than that in export.

FH (in crs) 30.06.15 30.06.14 % CH 31.03.15(3M) (3 M) (12 M)

Capital 1752.60 1752.60 - 1752.60R&S 3552.30 5316.21 -33.18 3552.30Networth 5304.90 7068.81 -24.95 5304.90Return on Nw 7.65 - - -B.V. (Rs.) 30.27 40.33 -24.94 30.27F.V. 10.00 10.00 - 10.00T.I. 11316.67 15743.55 -28.12 57477.07O.P. 572.99 -242.03 - -2572.70G.P. 657.65 20.51 3106.48 -1657.28Dep. 148.58 94.56 57.13 498.61PBT 509.07 -74.05 - -2155.89Tax 103.17 -37.95 - -443.66PAT 405.90 -36.10 - -1712.23EPS (Rs.) 2.32 - - -MP (Rs.) 55.75P/E Ratio 6.01PAT margin 3.59 - - -OP margin 5.06 - - -

Mangalore Refinery and Petrochemicals Ltd., a subsidiary of ONGCand Schedule A Mini Ratna company has reported encouraging working results forthe first quarter ended 30th June, 2015. For the quarter it has reported an OperatingProfit of Rs.573crs and Net Profit of Rs.406crs on a Total Income of Rs.11,317crs.The EPS for the quarter is Rs.2/-. The company has strong fundamentals. Its Paid-up Capital is small at Rs.1,753crs with a high Networth of Rs.5,305crs. Its Returnon Networth is high at 8% for the quarter. Technically the scrip is moving aroundRs.55/- with a low P/E Ratio of 6 and Book Value of Rs.30/-.

MR H KUMAR, MD

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Page 52: Kompella Investment Adviser September 2015 Edition

BANKING

KOMPELLA PORTFOLIO INVESTMENT ADVICE53

SEPTEMBER, 2015

CANARA BANK : HIGHER PROVISIONS

Major Highlights – Q1FY16• Total Business at Rs.7.96 lakh crore, up by 8.74% y.o.y.• Total Deposits at Rs.4.72 lakh crore, up by 10% y.o.y.• CASA grew by 11.53% y.o.y to Rs.109684 crore and CASAratio (domestic) improved to 24.62% y.o.y from 24.15% lastyear.• Advances (net) at Rs.3.24 lakh crore, up by 6.96% y.o.y.• Sustained good growth in retail business (y.o.y)- MSME(25.32%), MSE (27.48%), Retail Lending (15.97%), Housing(direct) (27.47%), Vehicle (14.12%), Education (15.54%) andOther Personal loans (40.88%).• Operating Expenses reduced by 2.12% y.o.y. Interestexpenses, including interest paid on deposits containedaround March 2015 quarter level.• Non-Interest Income at Rs.1113 crore, up by 8.38% y.o.y.• Net Interest Margin (NIM) (Domestic) at 2.35% and NIM(Global) at 2.21%.• Cost-income ratio down to 44.80% from 48.06% last year.• Stabilized Gross NPA at Rs.13081 crore over March 2015level of Rs.13040 crore.• Gross NPA Ratio stood at 3.98% from 3.89% at March 2015and 2.67% as at June 2014.• Net NPA ratio at 2.74% from 2.03% as at June 2014.• Cash Recovery at Rs.1056 crore.• Provision Coverage ratio at 59.02%.• Gross profit at Rs.2004 crore, up by 11.62% y.o.y• With increase in provision, net profit for Q1FY16 stood atRs.479 crore.• 26 branches and 506 ATMs added during the Q1FY16, takingthe global tally of branches to 5708 and ATMs to 9039.• Enhanced E-transactions to 51.10% from 44.34% last year.Income and Expenses- Q1 FY16•Total income increased to Rs.12253 crore compared toRs.11728 crore last year.•Income from loans/advances increased to Rs.8101 crorefrom Rs.7905 crore last year.•Non-interest income increased by 8.38% y.o.y to Rs.1113crore.•Total interest expenses increased moderately by 4.25% y.o.yto Rs.8623 crore. Interest expenses, including interest paidon deposits, contained around March 2015 quarter level.•Operating expenses declined by 2.12% y.o.y to Rs.1626crore.•Net interest income for the quarter increased to Rs.2516crore from Rs.2429 crore last year.•Net Interest Margin (NIM) (Domestic) stood at 2.35% and NIM(Global) was at 2.21%.•Cost-income ratio came down by 326 basis points to 44.80%from 48.06% last year.Profits and Profitability – Q1 FY16•Total provision for the quarter was at Rs.1525 crorecompared to Rs.988 crore for Q1FY15.

The provision for NPAs during the quarter was Rs.1143 crore comparedto Rs.1125 crore for Q1FY15.•Gross profit at Rs.2004 crore increased by 11.62% y.o.y and Net profitfor Q1FY16 stood at Rs.479 crore, on account of higher provisioning.•While Earnings per Share (EPS) for the quarter was at Rs.9.63, BookValue increased to Rs.548.45 compared to Rs.521.68 as at June 2014.Business Performance•Global Business increased to Rs.795940 crore, with a y.o.y growth of8.74%.•Global Deposits reached Rs.471877 crore, with a y.o.y growth of 10%.•Advances (Net) rose to Rs.324063 crore, with a y.o.y growth of 6.96%.•The Bank’s overseas business constituted 6.44% of the total business.Total business of the foreign branches increased to Rs.51245 crore fromRs.41194 crore a year ago.•CASA deposits increased by 11.53% y.o.y to Rs.109684 crore and CASAshare (domestic) improved to 24.62% y.o.y from 24.15% last year.•The Bank’s clientele accounts increased to 6.75 crore, comprising 6crore under deposit accounts and 75 lakh under borrowal accounts.Over 1.1 crore clientele accounts added y.o.y•While Business per Employee increased to Rs.14.43 crore, Business perBranch stood at Rs.139.44 crore.Capital Adequacy under New Basel III norms•Capital Adequacy Ratio as per Basel III norms stood at 10.75% (as againstmandatory requirement of 9%). CET ratio at 7.65% (against mandatoryrequirement of 5.5%) and Tier I ratio of 8.28% (as against mandatoryrequirement of 7%). The Bank in April 2015 raised Rs.1520 crore equitycapital.•Adequate headroom available to raise capital to support business growthmomentum.Government shareholding is at 64.48%.Asset Quality•Stabilized Gross NPA level at Rs.13081 crore over March 2015 level ofRs.13040 crore.•Gross NPA ratio stood at 3.98% compared to 3.89% at March 2015 and2.67% as at June 2014. Net NPA ratio stood at 2.74% compared to 2.03%last year. Provision coverage ratio stood at 59.02%. Cash Recovery duringQ1FY16 aggregated to Rs.1056 crore.•The Bank’s outstanding restructured portfolio at Rs.28704 crore,constituting 8.73% of the gross advances.Diversified Credit Portfolio•Outstanding advances to various Priority Segments rose to Rs.121978crore compared to Rs.103694 crore as at June 2014, with a growth of17.63% y-o-y.•Advances under Agriculture portfolio increased by 12.91% to Rs.60924crore, achieving 19.26% to ANBC as against the mandated target of 18%.•Credit to Micro, Small and Medium Enterprises (MSMEs) increased toRs.61804 crore, with a y-o-y growth of 25.32%.•Credit to M&SE reached Rs.47403 crore, with a y-o-y growth of 27.48%(against mandated norm of 20%). The number of micro enterprisesaccounts recorded a growth of 29.50% against mandated norm of 10%.•Credit to women beneficiaries increased to Rs.39818 crore, accountingfor 13.77% to ANBC against 5% norm.

Canara Bank has reported improved working results for the first quarter ended 30th June, 2015. For the quarter,it has reported an Operating Profit of Rs.2,004crs and Net Profit of Rs.479crs on a Total Income of Rs.12,253crs. The EPSfor the quarter is Rs.9/-. For the year, the Total Income has increased by 11% from Rs.43,480crs to Rs.48,300crs while theOperating Profit has increased by 2% from Rs.6,796crs to Rs.6,950crs and Net Profit by 11% from Rs.2,438crs toRs.2,703crs. The EPS for the year is Rs.57/-. It has announced 105% Dividend for the year. The Bank has strong funda-mentals. Its Paid-up Capital is small at Rs.515crs with a high Networth of Rs.26,493crs. Technically the scrip is movingaround Rs.280/- with a P/E Ratio of 8 and Book Value of Rs.514/-.

Page 53: Kompella Investment Adviser September 2015 Edition

BANKING

KOMPELLA PORTFOLIO INVESTMENT ADVICE54

SEPTEMBER, 2015

•Retail lending portfolio increased to Rs.41976 crore, with a y-o-ygrowth of 15.97%. The share of retail credit in domestic creditincreased to 13.91% compared to 12.72% last year.•Outstanding housing (direct) grew by 27.47% y.o.y to Rs.17261crore. Total housing constitutes 52% of the total retail lendingportfolio.•Other Personal Loans grew by 40.88% to Rs.10522 crore andVehicle loans registered a growth of 14.12% to Rs.3806 crore.•Education loan portfolio rose to Rs.5830 crore, with a y-o-y growthof 15.54%, covering 2.75 lakh students.A Holistic Approach to Financial Inclusion (FI)Pradhan Mantri Jan Dhan Yojana (PMJDY)•Opened 68.26 lakh accounts under PMJDY, with a CASA depositbalance of Rs.993 crore.•Issued 68.26 lakh Rupay Debit Cards, out of which linked 54.25lakh personalized Rupay Debit Cards to PMJDY accounts.•Covered all allotted SSAs/Wards by opening 807 brick & mortarbranches and engaging 2459 BC agents.•The Bank has enrolled 1.41 crore residents under Aadhaar and96.73 lakh accounts seeded with Aadhaar number.Social Security Schemes•51.86 lakhs enrolments have been done so far under both PradhanMantri Jeevan Jyoti Bima Yojana (PMJJBY-15.75 lakhs) & PradhanMantri Suraksha Bima Yojana (PMSBY - 36.11 lakhs). Under AtalPension Yojana (APY) the Bank has mobilized over 56,000applications so far.Financial Inclusion•Banking facilities provided in all allotted 10049 villages.•Total Financial Inclusion branches increased to 807 and 2459 BCagents engaged for financial inclusion activities. 479 Ultra SmallBranches (USBs) are also functioning to provide banking facilities.•All financial Inclusion branches have mobilized a business ofRs.9347 crore, comprising total deposits of Rs.4221 crore ( Rs.2157crore CASA deposits) and advances of Rs.5126 crore.•19 Micro Finance branches have mobilized a total business ofRs.436 crore.

•1.43 crore Basic Savings Bank Deposit (BSBD) accounts have aCASA balance of Rs.2482 crore.•The Bank has formed 119 farmers club during the current FY.•7440 Self Helf Groups (SHGs) were formed and 7335 SHGs creditlinked to the extent of Rs.147 crore. Exposure under SHGs increasedto Rs.2488 crore under 116057 SHGs.•Business Correspondent agents have done 9.55 lakh transactionsamounting to Rs.162 crore during the current FY.•65 Financial Literacy Centres (FLCs) opened at District/ Blocklevels. 2.53 lakh persons have been educated and 20195 personshave been counseled upto June 2015 this year.Enhanced Delivery Channels•As at June 2015, the Bank had 5708 branches, including 7 overseasbranches.•The Bank added 506 ATMs during the quarter, taking the totalnumber of ATMs to 9039 as at June 2015. The Bank’s debit cardbase rose to 2.71 crore. As at June 2015, the Bank had 147 hi-teche-lounges in major centres for customers to do banking transactionsthemselves. The ratio of e-transactions increased to 51.10%compared to 44.34% last year.Customer Friendly New Products/ InfoTech Initiatives•Web Package for Social Security Schemes of Government of Indiareleased.•Facilities to accept subscription of Social Security Schemes ofGovt. of India through ATM, SMS and Internet Banking.•Facility for sending CASA/Term Deposit balance certificate throughe-mail for customers.•Facility for sending SMS to customers for maintaining minimumbalance in the account.•Tool for Proactive Risk Management enabled for ATMs.Goals for FY16•Thrust on Retail Business & Asset Quality – CASA, Retail Deposits,Retail Credit, Fee Income and NPA Management and improvingoperational ratios, such as, NIM, RoA, RoE and Cost-to-Income.

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Page 54: Kompella Investment Adviser September 2015 Edition

BANKING

KOMPELLA PORTFOLIO INVESTMENT ADVICE55

SEPTEMBER, 2015

CITY UNION BANK : IMPROVED PERFORMANCE

FINANCIAL PERFORMANCE:•Gross profit for Q1 FY 2015-2016 went up by 14% toRs.197.16 Cr. and PAT grew by 12% to Rs.111.56 Cr. The Netinterest income rose by 20% to Rs.223.63 Cr.•Total Deposits of the bank increased by 12% to Rs.25111 cras on June 30, 2015 from Rs.22383 cr as on June 30, 2014.Gross Advances went up by 11% to Rs.17901 cr as on June30, 2015 from Rs.16153 cr as on June 30, 2014.•The Savings bank deposits recorded growth of 16% andgrowth in CASA was 17% as on June 30, 2015. Percentageof CASA on Total Deposits is 19%.•The Bank’s Balance Sheet size increased by 14% to Rs.29115cr as on June 30, 2015 from Rs.25516 cr as on June 30,2014.•Net Interest Margin for the quarter stood at 3.59% and Re-turn on Assets at 1.57%.•Cost to Income Ratio for Q1 FY 2016 decreased from 41.94%corresponding last year to 39.99% in Q1 FY 2016.•Gross & Net NPA level stood at 2.01% & 1.32% respectivelyas on 30 June 2015. The Provision Coverage Ratio as at June30, 2015 stood at 61%.Other Performance Highlights and Ratios•Deposits at Rs.25111 cr - Growth of 12%•Advances (Gross) at Rs.17901 cr - Growth of 11%•Annualized Return on Assets of 1.57% and Return on Equity16.43%•Net Interest Margin at 3.59%•Capital Adequacy Ratio - Basel III - 15.72%•Basic EPS (not annualized) - Rs.1.87•Diluted EPS (not annualized) - Rs.1.77•Provision Coverage Ratio at 61%Functional Performance of the Bank:•Operates 481 branches and 1226 ATMs (onsite & offsite)•3415 Point of sale (POS) machines installed•TNEB Payment through mobile banking•Service through KIOSK•Express Desk Service•Chennai Corporation property tax payment

FH (in crs) 30.06.15 30.06.14 % CH 31.03.15 31.03.14 %CH(3M) (3 M) (12 M) (12 M)

Capital 59.66 54.27 9.93 59.66 54.27 9.93R&S 2635.87 1970.66 33.76 2635.87 1970.66 33.76Networth 2695.53 2024.93 33.12 2695.53 2024.93 33.12Return on Nw 4.14 4.91 -15.68 14.65 17.14 -14.53B.V. (Rs.) 45.18 37.31 21.09 45.18 37.31 21.09F.V. 1.00 1.00 - 1.00 1.00 -T.I. 810.93 754.03 7.55 3102.96 2825.79 9.81O.P. 197.16 172.69 14.17 692.65 580.97 19.22P & C 45.10 42.69 5.65 182.52 167.40 9.03PBT 152.06 129.99 16.98 521.02 413.57 25.98Tax 40.50 30.50 32.79 126.00 66.50 89.47PAT 111.56 99.49 12.13 395.02 347.07 13.82EPS (Rs.) 1.87 1.83 2.19 6.62 6.40 3.44DPS (Rs.) 1.10 1.00 -MP (Rs.) 96.60P/E Ratio 12.91PAT margin 13.76 13.19 4.32 12.73 12.28 3.66OP margin 24.31 22.90 6.16 22.32 20.56 8.56% GNPAs 2.01 1.91 - 1.86 1.81 -% NNPAs 1.32 1.28 - 1.30 1.23 -

City Union Bank has reported improved working results for the first quarter ended30th June, 2015. For the quarter, it has reported an Operating Profit of Rs.197crs and NetProfit of Rs.112crs on a Total Income of Rs.811crs. The EPS for the quarter is Rs.2/-. For theyear, the Total Income has increased by 10% from Rs.2,826crs to Rs.3,103crs while theOperating Profit has increased by 19% from Rs.581crs to Rs.693crs and Net Profit by 14%from Rs.347crs to Rs.395crs. The EPS for the year is Rs.7/-. It has announced 110%Dividend for the year. The Bank has strong fundamentals. Its Paid-up Capital is small atRs.60crs with a high Networth of Rs.2,696crs. Its Return on Networth is at 15% for the year.Technically the scrip is moving around Rs.95/- with a P/E Ratio of 13 and Book Value ofRs.45/-.

DR N KAMAKODI, MD & CEO

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Page 55: Kompella Investment Adviser September 2015 Edition

56

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Page 56: Kompella Investment Adviser September 2015 Edition

BANKING

KOMPELLA PORTFOLIO INVESTMENT ADVICE57

SEPTEMBER, 2015

J&K BANK : BELOW BOOK VALUE

J&K Bank posted a net profit of Rs 158.76 Cr for the quarterended June 2015 thereby registering growth of 22.08 % over Rs 130.05Cr recorded for the corresponding quarter of last financial year.The Bank’s net interest income for Q1 increased by about 9 % in thequarter and is at Rs 694.84 Cr as against Rs 637.69 Cr while as theNon-interest income improved to Rs 135.62 Cr as against Rs 130.99Cr recorded during the corresponding quarter of the previous year.The Net Interest Margin (NIM) jumped to 3.93 % as against 3.63 %,while as the Return on Assets (RoA) has improved to 0.88 % ascompared to 0.72 % recorded during the corresponding period of theprevious year.The operating profit is Rs 458.31 Cr as against Rs 447.52 Cr recordedduring the corresponding period of previous year.The Deposits of the bank were at Rs 62264.91 Cr while as the advanceshave reached Rs 43267.28 Cr, taking the total business of the bank toRs 105532.19 Cr as on 30.06.2015.The Net NPA ratio of the bank stood at 2.95 % for the quarter, while asthe Provision Coverage Ratio (PCR) is 60.68 %.The Capital Adequacy Ratio of the bank under BASEL (II) is 13.11 %while under BASEL (III) it is 12.93 % as on June 30, 2015 againstregulatory stipulation of 9%. During the quarter, the bank added 21ATMs and 4 Business Units raising total number of branches to 821and ATMs to 906.Notably, the Q1 profits have increased by 56.24 % when compared withthe bank’s profits earned in Q4 of the FY 2014-15.Meanwhile, in order to increase the operational efficiency in J&K, thezonal structure of the Bank has been re-organized thereby creating 4more business zones (with 2 each for Kashmir and Jammu division)taking their number to 11 in the State. The decision is part of aconsolidation process that augments the banks expansion plans.

FH (in crs) 30.06.15 30.06.14 % CH 31.03.15(3M) (3 M) (12 M)

Capital 48.49 48.49 - 48.49R&S 6061.56 5675.12 6.81 6061.56Networth 6110.05 5723.61 6.75 6110.05Return on Nw 2.60 2.27 14.54 8.32B.V. (Rs.) 126.01 118.04 6.75 126.01F.V. 1.00 1.00 - 1.00T.I. 1888.35 1899.00 -0.56 7655.10O.P. 458.31 447.52 2.41 1835.83P & C 212.87 246.77 -13.74 1015.52PBT 245.44 200.75 22.26 820.31Tax 86.68 70.70 22.60 311.71PAT 158.76 130.05 22.08 508.60EPS (Rs.) 3.27 2.68 22.01 10.49DPS (Rs.) 2.10MP (Rs.) 100.85P/E Ratio 7.71PAT margin 8.41 6.85 22.77 6.64OP margin 24.27 23.57 2.97 23.98% GNPAs 6.63 4.16 - 5.97% NNPAs 2.95 2.18 - 2.77

J&K Bank has reported improved working results for the firstquarter ended 30th June, 2015. For the quarter, it has reported an Oper-ating Profit of Rs.458crs and Net Profit of Rs.159crs on a Total Incomeof Rs.1,888crs. The EPS for the quarter is Rs.3/-. For the year, it hasreported an Operating Profit of Rs.1,836crs and Net Profit of Rs.509crson a Total Income of Rs.7,655crs. The EPS for the year is Rs.10/-. TheBank has strong fundamentals. Its Paid-up Capital is small at Rs.48crswith a high Networth of Rs.6,110crs. Its Return on Networth is at 8% forthe year. Technically the scrip is moving around Rs.100/- with a low P/ERatio of 8 and high Book Value of Rs.126/-.

MR MUSHTAQ AHMAD, CHAIRMAN & CEO

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Page 57: Kompella Investment Adviser September 2015 Edition

BANKING

KOMPELLA PORTFOLIO INVESTMENT ADVICE58

SEPTEMBER, 2015

VIJAYA BANK : OPERATING PROFIT UP BY 35%

Business (Y-o-Y)•Total business for the period ended 30th June, 2015 regis-tered a growth of 4.86 % and increased to Rs.205277 cr fromRs. 195768 cr as of 30th June 2014.•Deposits increased from Rs.118677 cr as on 30th June 2014to Rs. 120477 cr as on 30th June 2015, up by 1.52 %.•CASA has increased from Rs.22722 cr as of 30.06.2014 toRs.24284 Cr as of 30.06.2015, up by 6.87 %. The percentageof CASA deposits also improved to 20.16% from 19.45%.•Advances increased to Rs.84800 cr as on 30th June 2015from Rs.77090 cr as on 30th June 2014, up by 10%.•Of the Advances,

Priority Sector portfolio increased by 22.98% i.e, from Rs.25158 cr. as of 30.06.2014 to Rs. 30940 cr as of 30.06.2015.

Direct agriculture advances increased by 18.27% to Rs.7734cr as of 30.06.2015.

Total Retail advances increased to Rs.19125 cr as of30.06.2015 from Rs. 15945 cr as of 30.06.2014 up by 19.94%.Retail advances are 22.55 % of total advances.

Advances to Weaker Section increased by 44.76% and Ad-vances to Women beneficiaries increased by 25.82 %.Income•Interest income on advances for three months period ended30.06.2015 increased to Rs.2273 cr against Rs. 2097 cr forthe corresponding period of last year, up by 8.39 %•Income on investments for Q1 of FY 2015-16 increased toRs.806 cr from Rs.804 cr for the three months period ended30.06.2015.•Other income of the Bank has improved to Rs.198 cr fromRs.166 cr up by 19%.•Total income of the Bank for Q1 ended 30.06.2015 increasedto Rs.3289 cr against Rs.3190 cr for the quarter ended30.06.2014, up by 3.11 %.Profit•Operating profit for the quarter ended June 2015 increasedfrom Rs.290.05 cr to Rs. 392.75 cr registering a growth of35.41%. Bank’s net profit for June 2015 is Rs.143 cr andshowed an improvement of 47.30% when compared to March2015 quarter.Asset Quality•Bank’s Gross NPA ratio as on 30th June 2015 is 3.39 %.•Net NPA ratio of the Bank as on 30th June 2015 is 2.45%.•Provision coverage ratio of the Bank is at 60.59% as on30.06.2015.Capital Adequacy•Capital to risk weighted assets ratio is at 11.12 % (Basel III)with Tier I ratio at 8.06 % and Tier II ratio at 3.06 %.•CRAR of the bank is above the minimum stipulated level of 9%.Branch Network•Total number of Branches as on 30.06.2015 is at 1689.•Total number of ATMs as on 30.06.2015 is at 1437.Human Resources•Total staff strength as on 30.06.2015 stood at 13852.Other Highlights•Pradhan Mantri Jan Dhan Yojana (PMJDY) is being implementedon mission mode from 28.08.2014. Vijaya Bank has so far

opened 12.56 lakh new Basic SB accounts and mobilised Rs.79.72 crdeposits and all the account holders have been issued Rupay Cards.•Bank is actively implementing the modified DBTL programme of the Govt.of India by seeding Aadhaar number of LPG consumers into their ac-counts.• Under 3 New Social Security Schemes namely PRADHAN MANTRIJIVANJYOTHI BIMA YOJANA [PMJBY], PRADHAN MANTRI SURAKSHABIMA YOJANA [PMSBY] and ATAL PENSION YOJANA[APY] the Bank hasenrolled 20,97,577 accounts

FH (in crs) 30.06.15 30.06.14 % CH 31.03.15 31.03.14 %CH(3M) (3 M) (12 M) (12 M)

Capital 859.12 859.12 - 859.12 859.12 -R&S 5064.12 4779.81 5.95 5064.12 4779.81 5.95Networth 5923.24 5638.93 5.04 5923.24 5638.93 5.04Return on Nw 2.41 2.86 -15.73 7.42 7.38 0.54B.V. (Rs.) 68.95 65.64 5.04 68.95 65.64 5.04F.V. 10.00 10.00 - 10.00 10.00 -T.I. 3289.05 3189.95 3.11 13152.49 11416.42 15.21O.P. 392.75 290.05 35.41 1259.03 1103.73 14.07P & C 146.38 93.52 56.52 859.13 655.78 31.01PBT 246.37 196.53 25.36 399.90 447.95 -10.73Tax 103.78 35.07 195.92 -39.51 32.04 -PAT 142.59 161.46 -11.69 439.41 415.91 5.65EPS (Rs.) 1.66 1.88 -11.70 5.11 4.84 5.58DPS (Rs.) 1.50MP (Rs.) 36.45P/E Ratio 5.49PAT margin 4.34 5.06 -14.23 3.34 3.64 -8.24OP margin 11.94 9.09 31.35 9.57 9.67 -1.03% GNPAs 3.39 2.68 - 2.78 2.41 -% NNPAs 2.45 1.77 - 1.92 1.55 -

Vijaya Bank has reported improved working results for the first quarter ended 30th June, 2015. For the quarter, ithas reported an Operating Profit of Rs.393crs and Net Profit of Rs.143crs on a Total Income of Rs.3,289crs. The EPS forthe quarter is Rs.2/-. For the year, the Total Income has increased by 15% from Rs.11,416crs to Rs.13,152crs while theOperating Profit has increased by 14% from Rs.1,104crs to Rs.1,259crs and Net Profit by 6% from Rs.416crs to Rs.439crs.The EPS for the year is Rs.5/-. The Bank has strong fundamentals. Its Paid-up Capital is small at Rs.859crs with a highNetworth of Rs.5,923crs. Its Return on Networth is at 7% for the year. Technically the scrip is moving around Rs.35/- witha low P/E Ratio of 5 and high Book Value of Rs.69/-.

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Page 59: Kompella Investment Adviser September 2015 Edition

RNI Regd.No: 52868 / 87 DATE OF PUBLICATION : 1ST SEPTEMBER 2015

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DATE OF POSTING : 5TH & 6TH SEPT. 2015 AT PATRIKA CHANNEL, SEC’BDPostal Regd. No.: HD/760/2015-17