Reviews

ARIES AGRO

Ticker: 532935 FV: Rs.10
52-Week H/L: Rs.290.15/92.45

We had recommended Aries Agro in Volume No 34, Issue No 11 (dated Jan 1, 2018), when the scrip was trading at Rs 241. Our recommendation was backed by factors like robust financial performance and foray into aquaculture segment. For the quarter ending June 2018, the revenue of the company was down by 2.8 per cent YoY to Rs 56.42 crore. Its EBITDA grew by 13.3 per cent and EBITDA margin improved from 16.04 per cent to 18.7 per cent on YoY basis. Also, PAT jumped by 112.6 per cent YoY to Rs 2.53 crore from Rs 1.19 crore. This year, the monsoons have been better and in line with expectation. Thus, the agriculture segment will benefit and would give better outputs in FY19. Thereby, the demand for nutritional products and bactericides would increase. Hence, we urge investors to HOLD the scrip.

 

ARVIND SMARTSPACES
Ticker: 539301 FV: Rs.10
52-Week H/L: Rs.222.40/130.50

We had recommended Arvind SmartSpaces in Volume No 34, Issue No 29 (dated May 7, 2018), when the scrip was trading at Rs 202. Our recommendation was backed by factors like strong financial performance and foray into B+ tier cities like Pune and Jaipur. During the quarter ended June 2018, the company's revenue was down by 8.2 per cent YoY from Rs 29.9 crore to Rs 27.5 crore. Its EBITDA for the quarter declined by 48.7 per cent YoY and EBITDA margin declined from 37.9 per cent to 21.2 per cent on YoY basis. Also, PAT was down by 76.7 per cent YoY to Rs 1.14 crore from Rs 4.9 crore. RERA and GST have affected the business operations which the company expects will gradually improve. Thus, we urge investors to gradually REDUCE EXPOSURE to the stock.