Street Estimates

Nifty 50 Bloomberg Estimates

Q2-FY18

Research Team Thursday, 12 October 2017

Q2-FY18 Bloomberg Estimates (Nifty 50)

Est. Est.
YoY 4Wk YoY 4Wk Est. EPS YoY 4Wk
Name CMP Revenue EBITDA
Growth Revision % Growth Revision % Adjusted Growth Revision %
₹Mn. ₹Mn.
Automobiles & Parts
Bajaj Auto Ltd *P 3,136 66,365 11.6% 4.9 12,581 -2.9% 2.2 38 -2.0% 3.9
Bosch Ltd *P 21,171 31,286 22.8% -4.6 5,817 23.9% -5.9 151 -32.7% -5.9
Hero Motocorp Ltd *P 3,722 88,294 15.1% 2.5 14,584 6.5% 1.4 52 4.0% 0.4
Maruti Suzuki India Ltd *P 7,869 2,21,870 26.1% 5.5 31,809 4.7% 3.6 73 -7.7% 5.3
Sector Average 18.9% 2.1 8.1% 0.3 -9.6% 0.9
Banks
Axis Bank Ltd *P 518 63,176 -10.4% -17.3 12,652 296.5% -5.3 5 278.7% -11.1
Bajaj Finance Ltd *P 1,937 19,598 40.9% -3.7 5,825 42.9% -5.0 11 44.7% -2.8
State Bank Of India 252 1,78,872 -50.5% - 23,964 - - 2 - 39.3
Hdfc Bank Limited *P 1,797 1,24,611 14.4% -3.8 41,834 21.1% -0.7 16 19.0% -3.6
Kotak Mahindra Bank Ltd *P 1,041 22,000 -22.2% -21.4 5,582 -31.4% -42.6 4 -5.6% -11.9
Indusind Bank Ltd *P 1,720 30,216 24.3% 0.6 8,865 25.9% 1.3 15 26.7% -1.3
Icici Bank Ltd *P 266 97,944 -31.9% -3.2 25,428 -18.0% 2.7 4 -25.0% 0.0
Yes Bank Ltd *P 361 32,372 38.7% 6.2 10,240 27.7% -2.6 7 89.9% 54.6
Sector Average 0.4% -6.1 -7.5 7.9
Basic Resources
Coal India Ltd 282 1,84,680 18.0% 0.2 23,745 219.7% -11.1 3 255.1% -19.6
Hindalco Industries Ltd *P 258 1,05,675 18.6% - 13,545 17.1% - 3 40.2% -
Tata Steel Ltd 687 3,24,978 23.6% 4.4 54,392 83.1% 7.8 86 - 476.8
Vedanta Ltd 318 2,13,195 28.6% 2.7 59,266 27.1% -0.5 8 95.1% -1.2
Sector Average 22.2% 2.4 86.8% -1.3 - 152.0

NOTE: These are consensus estimates and not a recommendation. *P: Consensus
based on Parent/Standalone rest others on consolidated basis.

Source: Bloomberg, Anand Rathi Research

Q2-FY18 Bloomberg Estimates (Nifty 50)
Est. Revenue YoY 4Wk Est. EBITDA YoY 4Wk Est. EPS YoY 4Wk
Name CMP
₹Mn. Growth Revision % ₹Mn. Growth Revision % Adjusted Growth Revision %
Chemicals
UPL Limited 810 40,213 15.6% -3.2 7,008 12.2% -7.8 8 137.3% -9.4
Sector Average 15.6% -3.2 12.2% -7.8 137.3% -9.4
Construction & Materials
Ambuja Cements Ltd *P 274 26,722 33.3% 0.8 5,439 79.4% 3.8 2 34.5% -3.4
Asian Paints Ltd 1,150 42,960 15.5% -2.2 7,851 10.1% -2.3 5 9.3% -3.0
Larsen & Toubro Ltd 1,139 2,74,274 10.0% 0.2 26,071 13.5% -1.9 9 -14.3% 15.0
Ultratech Cement Ltd *P 3,904 64,215 19.0% -4.1 11,776 2.0% -1.4 16 -29.1% -21.1
Sector Average 19.4% -1.3 34.3% -0.4 0.1% -3.1
Financial Services
Housing Development Finance 1,752 1,59,096 77.1% 0.0 27,040 10.5% 0.0 17 11.0% 0.0
Indiabulls Housing Finance L 1,263 17,135 94.3% -27.8 8,333 21.8% -1.0 20 23.1% 1.9
Sector Average 85.7% -13.9 16.2% -0.5 17.1% 1.0
Health Care
Aurobindo Pharma Ltd 744 41,334 11.3% -5.1 10,661 14.7% -1.2 12 16.7% -4.1
Cipla Ltd 582 40,035 9.0% -3.2 7,753 13.9% -4.4 5 24.5% 14.1
Dr. Reddy'S Laboratories 2,368 37,263 3.9% -0.7 5,900 -5.3% -17.1 17 -4.4% -9.1
Lupin Ltd 1,060 40,672 -3.4% -0.8 9,003 -12.4% -4.7 11 -27.3% -0.1
Sun Pharmaceutical Indus 535 68,269 -12.1% -0.5 13,752 -56.6% 3.2 3 -63.6% -8.2
Sector Average 1.8% -2.0 -9.1% -4.8 -10.8% -1.5
Industrial Goods & Services
Adani Ports And Special Econ 397 25,549 17.4% -12.5 16,493 12.9% - 5 -10.2% -7.0
Eicher Motors Ltd 31,320 22,235 27.2% 8.0 6,960 28.4% 13.8 192 26.6% 4.3
Mahindra & Mahindra Ltd *P 1,330 1,24,157 19.2% 4.0 16,025 30.0% 4.5 18 -3.6% -5.8
Tata Motors Ltd 413 7,00,228 7.5% -2.4 72,099 14.8% -8.1 5 125.5% -13.2
Sector Average 17.8% -0.7 21.5% 3.4 34.6% -5.4
NOTE: These are consensus estimates and not a recommendation. *P: Consensus
based on Parent/Standalone rest others on consolidated basis.

Source: Bloomberg, Anand Rathi Research

Q2-FY18 Bloomberg Estimates (Nifty 50)
Est. Revenue YoY 4Wk Est. EBITDA YoY 4Wk Est. EPS YoY 4Wk
Name CMP
₹Mn. Growth Revision % ₹Mn. Growth Revision % Adjusted Growth Revision %
Media
Zee Entertainment Enterprise 512 16,124 -4.9% -4.2 4,802 -1.8% -10.3 4 42.8% -10.1
Sector Average -4.9% -4.2 -1.8% -10.3 42.8% -10.1
Oil & Gas
Bharat Petroleum Corp Ltd *P 490 6,26,421 40.3% -3.1 34,076 122.2% 30.0 13 121.7% -6.5
Gail India Ltd *P 449 1,28,488 8.4% -2.5 18,649 21.5% 1.6 7 23.7% 1.1
Indian Oil Corp Ltd *P 418 10,73,882 34.2% 6.0 1,06,415 84.4% -87.4 11 66.6% 4.3
Oil & Natural Gas Corp Ltd *P 169 1,98,962 8.8% -31.2 1,00,597 10.5% -7.7 4 4.6% -5.8
Reliance Industries Ltd *P 853 8,57,853 12.6% 0.0 1,27,244 13.9% 6.9 16 33.5% 30.8
Hindustan Petroleum Corp 458 4,65,298 10.7% -14.0 21,941 74.0% 21.3 7 42.0% 19.1
Sector Average 20.9% -6.2 50.5% -11.3 50.0% 4.8
Personal & Household Goods
Hindustan Unilever Ltd *P 1,242 84,549 9.8% -5.0 15,865 12.9% -1.8 6 10.4% -0.7
ITC Ltd *P 265 1,01,256 6.2% -0.9 38,623 6.4% -0.9 2 10.3% -6.3
Sector Average 8.0% -3.0 9.7% -1.3 10.3% -3.5
Technology
Hcl Technologies Ltd 915 1,25,290 8.7% -1.1 27,126 7.9% -0.7 15 6.1% 1.1
Infosys Ltd 927 1,76,463 1.9% -0.2 45,382 -4.1% -1.2 18 14.3% 15.1
Tata Consultancy Svcs Ltd 2,516 3,05,083 4.2% -0.7 80,067 -1.3% -1.3 33 -2.3% -2.0
Tech Mahindra Ltd 470 75,292 5.0% 1.0 10,289 -3.9% 2.4 8 7.4% 5.9
Wipro Ltd 292 1,38,292 0.5% -0.4 26,555 0.1% -2.7 4 -0.4% -1.3
Sector Average 4.1% -0.3 -0.3% -0.7 5.0% 3.8
Telecommunications
Bharti Airtel Ltd 398 2,16,857 -12.0% -3.3 74,926 -20.8% -8.6 1 -80.7% -47.6
Bharti Infratel Ltd 427 31,038 107.4% -14.6 15,130 119.6% -6.8 4 -4.8% -0.5
Sector Average 47.7% -8.9 49.4% -7.7 -42.8% -24.0
Utilities
Ntpc Ltd *P 178 1,44,629 -24.8% -27.9 56,372 4.5% -2.9 3 8.3% -3.0
Power Grid Corp Of India Ltd *P 204 74,566 19.7% 1.3 66,232 18.2% 0.5 4 16.6% -2.4
Sector Average -2.6% -13.3 11.3% -1.2 12.4% -2.7

NOTE: These are consensus estimates and not a recommendation. *P: Consensus
based on Parent/Standalone rest others on consolidated basis.

Source: Bloomberg, Anand Rathi Research

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