8/14/2019 8 Shares.doc

1/3

8-Shares

Bank of India (BOI)

BOI is perhaps the fastest growing public sector bank in India. Its operating profit and net profit in FY08 grew

53.81 per cent and 8.!0 per cent "#o#"$ respecti%el".

For the last nine &uarters$ including the &uarter ended 'epte(ber )008 *+) FY0!,$ its net profit grew at 50

per cent plus "#o#"$ which indicates its sustained growth. Because of its strong presence in the industrialised

states of -aharashtra and u/arat$ BOI has gi%en ad%ances to (ore producti%e sectors than its public

sector peers.

It has reduced its dependenc" on low#"ielding treasur" inco(e and has focused on interest inco(e and

inco(e fro( fees. Its gross non#perfor(ing assets ha%e gone down fro( 3.) per cent in FY0 to 1.8 per

cent in FY08.

O%erseas operations contribute around )0 per cent of its business. he o%erseas branches help BOI raise

deposits at rates lower than the do(estic rates. It has so(e e2posure to deri%ati%es instru(ents o%erseas$but all of the( ha%e highl"#rated Indian co(panies as underl"ing.

Bharti Airtel

Bharti irtel is riding high on the o%erall growth of the teleco((unication sector in India. -obile penetration

in India is still around ) per cent$ which lea%es an enor(ous opportunit" for growth. In this growing and

co(petiti%e (arket$ Bharti has been on top$ in ter(s of subscriber base since -a" )00.

It has (aintained both "#o#" net sales and net profit growth at around 40 per cent in the last nine &uarters.

he (argins ha%e declined due to stiff co(petition$ but the %olu(e growth fro( the untapped rural (arket

co(pensates that.

It has outsourced its non#core operations to focus on brand building and increasing subscriber base. In

anuar" )008$ it hi%ed off its infrastructure business into a new subsidiar"$ Bharti Infratel$ which will share

the capital e2penditure burden with other teleco( pla"ers.

Emami

6(a(i has created a niche in the (arket b" bringing products for its consu(ers that co(bine (odern

production techni&ues and a"ur%edic principles.

Its brands such as Boro 7lus$ a%ratna Oil and Fast 9elief are leaders in their respecti%e categories. Its

recentl" launched brand$ Fair : ;andso(e$ created an altogether new (arket.

In the last eight "ears$ its net sales and net profit registered 1! per cent and )3 per cent

8/14/2019 8 Shares.doc

2/3

HDFC Bank

;=F< Bank has seen a "#o#" net profit growth of o%er 30 per cent for the last 34 &uarters and has

(aintained a high O7- of around 0 per cent during the sa(e period.

-aintaining the sa(e (o(entu($ it has reported a net profit growth of 43.)! per cent and O7- of ).1 per

cent in +) FY0!. he bank>s (erger with s 54 per cent in the last 1) (onths. It is

currentl" trading at se%en ti(es its earnings.

!S Oils

It leads the edible oil (arket in the north and north#eastern part of India through brands in (ustard oil$

refined oil and %anaspati. Its share in the Indian (ustard oil (arket is per cent$ when 5 per cent of

(ustard oil is sold loose.

(ong brands$ it has captured )5 per cent of the (arket. he co(pan" has also entered north and central

India with an aggressi%e branding effort and greater retail push.

Its net sales in FY08 was 9s )$044 crore$ i(pl"ing !1.08 per cent growth o%er the pre%ious "ear$ backed b"

%olu(e and high edible oil prices. Its "#o#" net sales growth in the first &uarter of FY0! re(ained high##at !1

per cent o%er the pre%ious &uarter$ though the (argins were flat.

8/14/2019 8 Shares.doc

3/3

@' Oils has secured its raw (aterial suppl" b" ac&uiring 50$000 acres of pal( plantations in Indonesia$

which will protect it fro( an" price fluctuation in oil seeds.

lso$ this kind of backward integration will help i(pro%e the (argins o%er sales.

"phasiS

-phasi' deri%es its re%enues fro( application ser%ices$ infrastructure technolog" outsourcing *IO, and

business process outsourcing that span industr" %erticals$ such as banking and financial ser%ices$

healthcare$ transport and (anufacturing.

In +) FY0!$ -phasis reported an i(pressi%e "#o#" sales growth of 54.5! per cent. It significantl" i(pro%ed

the O7- b" )3 basis points o%er the last &uarter and$ therefore$ registered higher 7 growth of 1)8.4

per cent during the sa(e period.

ll its three business seg(ents are registering health" growth with its IO business growing at 113 per cent.

-phasi' is tr"ing to reduce its dependence on the A'$ which contributed per cent to its re%enue in FY08.

he current crisis in the financial sector (a" i(pact its re%enue$ but it will also throw up new opportunities as

ailing banks will go for greater outsourcing in order to cut costs.

#itan Ind$stries

itan watches ha%e built a strong brand and its di%erse product range caters to (asses as well as the

pre(iu( seg(ent$ which is its success for(ula.

itan Industries> /eweller" business$ under the brand anish&$ too$ co((ands leadership position in the

organised retail seg(ent. It is going to s(aller towns and rural areas under the brand old 7lus.

In +) FY0!$ itan Industries> net sales and net profit rose 53 per cent and 88 per cent "#o#"$ respecti%el". In

the last si2 "ears$ itan and anish& recorded a co(pounded annual growth rate *