The Indian companies have performed better than what was expected by the so-called Economists and Analysts that companies will land in huge losses due to Covid pandemic in the country for the year 2020. Majority of them have ended up by posting 40 to 50% receipts by the end of November 2020 when compared to the previous year.
However, some other companies’ receipts were hardly 25% to 30% of previous receipts but posted marginal profits. Performance of top fifty companies, listed in Bombay Stock Exchange, selected on Receipts wise for the Half-year ended by September 30, 2020, compared to previous 12 months receipts is as follows:
Being an analyst, I advise to deal with bank shares cautiously as many loans were rephrased for Six months to nine months without payment of interest also, the actual NPA position will be known in March quarter from 01-02-2021 to 31-3-2021 only. The profit posted by banks may incur losses also due to NPA s at year-end.
RE for receipts, PR for profits
FY 2019-20. H1 21
12 months. 6 months
- Reliance Industries Ltd
(FY 2019-20) RE 610,806. 213,519
PR. 39,354. 22,800
Though turnover was low for H1 2021, profits were maintained. The share price may not fetch more profits in short term. Try to sell the shares. - Indian Oil Corporation
RE 488,518. 144,414
PR. (893). 8252
Company turnaround from last year losses of 893 crores, though turnover was low in H1 2021. cautious while holding this company share. - ONGC
RE. 406,388. 149,803
PR. 10,907. 4,455
Turnover reduced due to lockdown but profits were maintained proportional to sales in H1 2021. - State Bank of India
RE. 368,010. 184,725
PR. 19,767. 10,022
Both revenue and profit in H1 2021 were proportionate to last year. wait for last quarter results to know actual NPA position and actual profits. - BPCL
RE. 287,901 88,297
PR. 3,055. 4,298
Just like other companies in the Oil & Gas sector, (RIL, ONGC, HPCL etc) though sales nosedived profit margin maintained for H1 of 2021. Hold the share for medium-term 2 or 3 years. - HPCL
RE. 270,773. 91,533
PR. 2,638. 5,228
Comment as applicable to BPCL above at No.5 - Tata Motors
RE. 264,106. 86,763
PR. ( 12,070) (8752)
sales nose-dived like other Auto companies but loss increased to Rs.8752 crore in H1 2021. Company may recover after 2 or 3 years. Sell the shares.
8. Rajesh Exports
RE 195,607. 148,205
PR. 1,205. 325
Though sales were excellent in H1 2021 profits nosedived. Company may post loss at any time. Export incentive of 2% was also not maintained.
9. TCS ( Tata Consultancy Services)
RE. 161,541. 70,969
PR. 32,340. 14,483
Both turnover and profits were satisfactory in H1 2021. Retain the share.
10 . ICICI Bank
RE. 149,186. 77,260
PR. 9,566. 8,000
Revenue was good in H1 2021. wait for March quarter for NPA actual position and profitability. Hold the share or Buy new shares.
11. L & T
RE. 148,867. 61,960
PR. 9,549. 5,823
Being construction company, lockdown reduced receipts in H1 2021 but profits were maintained. Good share hold it.
12.HDFC Bank
RE. 147,068. 75,137
PR. 27,253. 14,630
Both receipts and profits were proportional to previous year. Low NPA bank for last three years. Buy fresh shares and hold the shares.
13.Tata Steel
RE. 142,037. 62,086
PR. 1,556. ( 2,851)
company posted loss as steel sales reduced in lockdown. Next year may be better year. Sell the shares.
- Hindalco industries
RE. 119,359. 57,304
PR. 3,767. (322)
Loss posted for Rs.322 crore in H1 2021 though sales were good. Company post nominal profits for year end. - NTPC
RE. 115,721. 57,056
PR. 11,600. 6,326
performance was propertional in H1 2021. Good share, but may not increase quickly. - HDFC
RE. 107,542. 67,253
PR. 21,434. 8,213
Though receipts increased in H1 2021 profits were not maintained due to stress in mortgage loans. Average share price growth will be there. wait for march quarter for actual NPAs. - Coal India
RE. 105,185. 41,510
PR. 16,714. 5,027
profit for H1 2021 was low . Lockdown effect felt. Hold the shares for next year. - Mahindra & Mahindra
RE. 97,559. 41,673
PR. 127.38
Compare to other companies in IT performance was poor. Company may post losses for the current year. Sell the shares.
19 . Infosys
RE. 93,594. 49,280
PR. 16,594. 9,078
In IT this company creates benchmark for others. Company will grow further and further in the next 2, 3 years. Excellent share.
20 Bank of Baroda
RE. 91,086. 43,538
PR. 927. 1,092
Receipts reduced for H1 2021, it was not a good sign for a bank. wait till March 2021 for actual NPAs and profit.
- Bharti Airtel
RE. 90,598. 50,518
PR. (32,183). ( 16,696)
losses were continuing in H1 2021 also due to AGR dues as per Supreme Court orders. subscribers are increasing is a good sign. next year may post profit. - Vedanta
RE. 87,207. 38,837
PR. ( 6,664). 1857
Sales reduced like other Oil & Gas companies in H1 2021. But posted profits. It is a good share to hold as Balmer project coming up in Rajasthan.
23 Axis Bank
RE. 80,057. 39,908
PR. 1,853. 2,938
Revenue was good in H1 2021. profits zoomed. Wait till March quarter .
24 .Grasim Industry
RE. 79,153. 32,990
PR. 4,425. 1,160
Both sales and profits were not upto the mark in H1 2021.
- Maruti Suzuki
RE. 79,112. 24,834
PR. 5,676. 1,152
Lockdown affected the entire automobile industry. Though sales reduced profits were posted. Hold the share
next 25 companies analysis tomorrow.
