BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
IDBI Capital Report
Surya Roshni Ltd. is the second largest manufacturer of steel pipes (contributes 67% to Ebitda) and also the second largest LED manufacturer in India.
With focus on improvement in product mix in steel pipes segment, we expect its margins to improve over the next two-three years.
In lighting and consumer durables segment, we anticipate strong growth in segment revenue led by rising demand for LED lights in India and also import substitution.
Surya Roshni has entered home appliances in the past five years - we expect this segment to record strong growth given strong distribution network of the company.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.