How Goenka Brothers Fared In The Last One Year

Sanjiv Goenka has had an exceptional one year. For his older brother Harsh Goenka, it’s been a mixed bag.

The listed companies of the RPG-Sanjiv Goenka have given investors an average return of 66 percent during the period, nearly twice the 36.5 percent gains in RPG Enterprises led by Harsh Goenka.

For the older sibling, power transmission equipment company KEC International Ltd. led the gains. Flagship tyremaker CEAT Ltd. also rose on growing demand and an anti-dumping duty on imports from China. Software services provider Zensar Technologies Ltd. and RPG Life Sciences Ltd. were the laggards.

Key Triggers For Harsh Goenka Group Companies

• CEAT: Rising tyre demand, anti-dumping on Chinese tyres spur share performance
• Zensar Technologies, RPG Life: Stocks underperform industry, quarterly performance remains weak
• KEC International: Rising order book, earnings visibility lifts share prices

Sanjiv Goenka’s flagship power producer and utility CESC Ltd. gained 65 per cent on the back of a corporate restructuring, which aims to split the company into three entities. Philips Carbon Ltd., the maker of the key tyre input carbon black, rose the most followed by music label Saregama Ltd. The group crossed the market capitalisation of Rs 20,000 crore during the period.

Key Triggers For Sanjiv Goenka Group Companies

• CESC: Flagship company undergoing restructuring, company will split in 3 businesses
• Philips Carbon: New capacity addition, product launches to aid revenues growth ahead
• Saregama: Better monetisation of content library, movie launches boosts growth