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Epic Research Weekly Fundamental Report Of Dlf On 16 May 2015


DLF’s primary business is development of residential, com- mercial and retail properties. The Company has significant exposure across businesses, segments and geographies. From developing 22 major colonies in Delhi, DLF is now pre- sent across 15 states-24 cities in India. DLF has also forayed into infrastructure, SEZ and hotel businesses.

Latest News about the company:

In a fresh order Thursday against DLF, the Competition Com- mission of India (CCI) ruled that realty giant DLF was guilty of indulging in “unfair and abusive” business practices in sale of apartments in a Gurgaon housing project. CCI has asked DLF Gurgaon Home Developers Private Limited and its group companies to “cease and desist” from such unfair trade practices, but did not impose any fresh mone- tary penalty as Rs 630 crore fine has already been slapped on DLF for similar violation during the same period in a sepa- rate case. Subsequently, the complainants approached CCI alleging abuse of dominant position by the company and the fair trade regulator ordered a probe by its investigative arm.

DLF results on 20 may 2015

DLF Ltd has informed BSE that a meeting of the Board of Di- rectors of the Company will be held on May 20, 2015, inter alia, to consider and approve:
1. Audited Financial Results along with Q4 results for the year/quarter ended March 31, 2015
2. Recommendation of Dividend, if any, for the FY 2014-15.

Technical observation

DLF recently broke down below medium term support of around Rs 145 and we have seen a pennant getting formed on the daily chart which is indicating that this continuation of downtrend is what we are expecting. So the recommendation is to sell DLF for a target of Rs 105 with a stop loss at Rs 140

DLF FUTURE is looking weak on charts, short build up has been seen, we may see more downside, if it sustains below 130 levels. We advise selling around 125-130 levels with strict stop loss 140 for the targets of 115-105 levels.

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Epic Research Private Limited – Weekly Fundamental Report HUL 9 May 2015


Incorporated in the year 1933, Hindustan Unilever Limited is a FMCG company. HUL has a diversified presence in the FMCG sector with more than 35 brands spanning 20 distinct categories including soaps and detergents, shampoos, skin care, toothpastes, and packaged foods. British-Dutch company Unilever PLC and its Affiliates are the promoters of HUL and own 52.5 % shares in the Company (On 30 April 2013, Unilever PLC announced plans to increase its stake in the Company to 75 % by way of an open offer). Over the years, HUL has grown substantially by acquiring landmark brands and has managed to maintain its dominant market position in various categories. HUL’s portfolio includes leading household brands including Lux, Lifebuoy, Surf Excel, Rin, Wheel, Fair & Lovely, Pond’s, Vaseline, and Lakme.

HUL volume growth rises 6%, Q4 net profit at Rs.1018 Crore: HUL has posted a net profit of Rs. 10180.80 mn for the quarter ended March 31, 2015 as compared to Rs. 8721.30 million for the quarter ended March 31, 2014. Total Income has increased from Rs. 72447.30 mn for the quarter ended March 31, 2014 to Rs. 77740.40 million for the quarter ended March 31, 2015. The Company has posted a net profit of Rs. 43152.60 mn for the year ended March 31, 2015 as compared to Rs. 38674.90 million for the year ended March 31, 2014. Total Income has increased from Rs. 286401.60 mn for the year ended March 31, 2014 to Rs. 314240.10 million for the year ended March 31, 2015.During the quarter, the Domestic Consumer business grew at 9%, with 6% underlying volume growth, both ahead of market.

Financial Year 2014-15: Competitive and profitable growth delivered: The Domestic Consumer business grew by 10% with 5% underlying volume growth, both ahead of market. Profit before interest and tax (PBIT) grew by 17% with PBIT margin improving +90 bps. Profit after tax but before exceptional items, PAT (bei), grew by 8% to Rs. 3843
Crores, impacted by the higher tax rate. Net Profit at Rs. 4315 Crores was up 12%, aided by the exceptional income arising from property related sales. The strong track record of cash generation was sustained as cash from operations exceeded Rs.5000 Crores for yet another year.

HINDUSTAN UNILEVER FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above 900 levels. We advise buying around 880-900 levels with strict stop loss 850 for the targets of 925-950 levels.


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Weekly Fundamental Report Of Divi’s Laboratories Limited

Divi’s Laboratories Limited develops new processes for the production of Active Pharma Ingredients (APIs) & Intermediates. Divis Laboratories was set up in the year 1990 and established its first manufacturing facility in the year 1995 in Hyderabad and a second manufacturing facility at Visakhapatnam in the year 2002.

The Hyderabad plant comprises of 13 multi-purpose production blocks While the Visakhapatnam site has 14 multi-purpose production blocks. The Company’s product portfolio comprises of two broad segments i) Generic APIs (Active Pharma Ingredients) and Nutraceuticals and ii) Custom Synthesis of APIs, intermediates and specialty ingredients for innovator pharma giants.

The Company operates predominantly in export markets and has a broad product portfolio under generics and custom synthesis. Exports constituted around 90% of gross sales in FY 2013 are as against 89% in the previous year. Exports to advanced markets comprising Europe and America accounted for 77% of business.

Outlook and Valuation :

Divi’s Labs (DIVI) 3QFY15 PAT at INR2.2b was 8% below expectations, mainly on slower topline growth. Revenues grew 6% YoY to INR7.9b (6% miss), while EBITDA margin (36% vs 38% est) was impacted by weaker business mix, resulting in higher miss at EBITDA level (INR2.8b, down 1% YoY). Forex gain of INR112m cushioned profitability, adjusted for which net profit declined 5% YoY at NR2.1b.

We have cut our FY15-17E forecasts by 3-4% mainly to factor lower EBITDA margins (37% now, 100bp lower) on a weaker business mix as well as onset of new capex addition phase. DIVI trades at 22x FY16E and 18x FY17E (P/E), largely in line with its historic average, limiting valuation upside. Onset of large capex addition would also restrainscope for earnings surprise. Strong Balance sheet (net cash), high return ratios (RoE at ~27%) provide valuationcushion. We downgrade our rating to Neutral (from Buy earlier), with our revised target price of 1650-1550.

DIVIS LAB FUTURE is looking weak on charts, short build up has been seen, we may see more downside, if it sustains below 1800 levels. We advise selling around 1750-1800 levels with strict stop loss 1900 for the targets of 1650-1550 levels.

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Epic Research Investment Adviser – Myths About The Stock Market Investment

Epic Research Investment Adviser support learning and understand the working of stock and share market and completely deny any rumor or myth about it. It is the knowledge and experience which helped us to know the reality of this wider world of opportunities.

As a common citizen of India, it is advised us to stay away from the stock market because of the myths people having. Thus it is very important to know the reality and took the decisions based on logical facts. Regardless of the wide opportunity of getting best returns there are common myths which often arise and put the traders and beginners in trouble. There are few which are commonly faced everyday.

MYTH 1 : Stock Market is a gamble

This one is the most common myth we have to listen everyday atleast once, and not a single trader is there who haven’t faced it. It is true that, this is nothing but a myth because generating profit is not a magic but it is based on deep analysis of the market and taking logical decisions at a particular point of time. Investors are continuously trying to access true information and constantly practicing on their segment. It took years for them to gain expertise even though there are few chances of loss. The best part of having knowledge and experience in stock market is, the traders are prepared for the loss and try to lessen them through different tactics.

MYTH 2 : Stock Market is the Club of Rich People

People thought that they might lost all their savings if they try their hands on first time, this will lead to the evolution of this myth that only rich people can survive because they can bear the losses but if you will choose a safe strategy and took right decisions then slowly but surely can earn the profit.

MYTH 3 : Once you loose then you get the profit for sure

This is same concept like if you failed in an examination at first attempt, you can pass it in the second one, but this is not possible if you didn’t do hard work and brush up your knowledge for the second attempt. In stock market, if you lost then it is necessary to learn it before making another attempt of trading.

MYTH 4 : The stock goes up must come down

This is not the thumb rule and thus it is a myth and only fools can believe it. There are few moments in the market when you notice an unexpected ‘hype’ for particular stocks which become normal afterwards but this is not true for every stock and also not in every trading session.

MYTH 5 : You can Do-It-Yourself

Having some knowledge is usually better than nothing but taking decision on that knowledge is not a good idea in the field of stock market. Having an adviser is a good idea to overcome the situation but do not rely them fully. It is always better to cross check or safely ask the substitute.

MYTH 6 : More is the risk, more is the profit

People generally put all their money once and call it ‘RISK’ but, there is a difference in risk and foolishness. Taking risk is a good decision only when you have some covers to overcome the losses.

Hence, it is better to leave the myths with the adoption of knowledge and learn about the market so that you can do well with your investment.

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