PE Electronics eyes 10% in TV mkt with Philips by 2016

PE Electronics, the license holder of Philips brand of TVs in India is aiming to have 10 percent market share in the segment by 2016 with a turnover of up to Rs 1,800 crore in next two years.

The company with presence in top 50 towns is now gearing up to enhance its sales and service network in small towns by adding smaller screen size TVs under Philips brand. "We would definitely be a brand with 10 percent of the market share by 2016.

By then, the sales would be around million units with turnover of at least Rs 1,700 crore to 1,800 crore," PE Electronics Chief Executive Officer Neeraj Sethi told Media.

PE Electronics was set up in 2010 and has marketing rights of two brands, Philips in TV domain and Electrolux in the home appliances segment through a licensee agreement. "With Philips, we have around 5 percent market share and for Electrolux we have 4 percent market share," he said.

Sethi did not share the revenue details of the company. PE Electronics has recently launched a 4K Ultra HD television range priced between Rs 1,55,000 and Rs 3,72,500. Over network expansion, Sethi said: "In the last three to four years we focused on top 50 towns...We are present with 15 percent market penetration and are targeting to be at 30,000 counters by the end of this year." According to him, within three years, PE Eelectronics would be able to reach B-class towns.

"These smaller towns would be definitely be catered with small screen sizes, but not with the focused approach right now," Sethi added. On competition with homegrown players like Micromax and Intex, he said: "Philips has a history of almost eight decades in India and it has a brand loyalty and always given quality products with technology differentiation.

"We would never compete with the brand which are lower on stable, but will give best features at a price which is affordable," Sethi added.

On licensing agreement with Philips, he said: "We had five years license agreement which was extended for two years till 2017 and can be extended again."

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Internet.org can co-exist with Net Neutrality: Zuckerberg

Amid a raging debate on ensuring equal Internet access for all, Facebook chief Mark Zuckerberg today rejected criticism that his internet.org programme, which has RCom as a partner in India, was against the concept of Net Neutrality.

Internet.org is a Facebook-led initiative which states that it aims to bring 5 billion people online in partnership with tech giants like Samsung and Qualcomm. Facebook's partnership with Reliance Communications  to provide free Internet access to 33 websites as part of its Internet.org initiative has raised quite a few eyebrows with free Internet activists saying that it violates the idea of Net Neutrality.

The debate in India has also been triggered by mobile operator Airtel  introducing an open marketing platform 'Airtel Zero', and TRAI's consultation paper on whether telecom firms can be allowed to charge different rates for different uses of Internet data like email, Internet browsing and use of apps like Whatsapp, Viber and Sky.

Zuckerberg, who has achieved a cult status after founding the world's largest free social networking platform, today defended his initiative in a discussion. He said: "For people who are not on the Internet though, having some connectivity and some ability to share is always much better than having no ability to connect and share at all.

That's why programmes like Internet.org are important and can co-exist with net neutrality regulations." Net neutrality implies equal treatment be accorded to all Internet traffic and no priority be given to an entity or company based on payment to service providers like the telecom companies, which is seen as discriminatory.

Zuckerberg said net neutrality is important to "make sure network operators don't discriminate and limit access to services people want to use, especially in countries where most people are online".

While the telecom major continues to defend itself saying the platform does not violate the concept, Flipkart has walked out of negotiations with the eCommerce firm stating that it after looking in deeper, it realised that net neutrality "can get compromised in the future".

Its competitor Snapdeal's CEO also tweeted his support today saying "Of course, we are for #NetNeutrality @snapdeal". According to Net Neutrality India, over 5 lakh emails have been sent to TRAI in support of the issue. Telecom Regulatory Authority of India has put up the issue for public feedback with the last date for submitting comments being April 24 and counter comments May 8.

Besides, the government has also formed a panel to study the issue.

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Prefer midcap pharma stocks on correction: Kunj Bansal

Kunj Bansal of Centrum Wealth Management is of the view that one may prefer midcap pharma stocks on correction.

Kunj Bansal of Centrum Wealth Management told CNBC-TV18, "Any good quality pharma stock especially from midcap if it corrects, it is certainly a good buying opportunity given their valuations and the sharp run-up that we saw in recent past."

"Even over the medium and longer term the sector is likely to give a slower return but will continue to give good returns over a medium term. They may not be sharp movers in the short term, that is certainly true," he said.

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Tech Mahindra ties with Comverse, to make center in Israel

Information technology group Tech Mahindra  is partnering with US -Israeli Comverse Inc to set up a research and development centre in Israel.

The two companies did not disclose financial details.

Manish Vyas, president of Tech Mahindra's communications group, told Media the deal -which would bring the Indian company hundreds of engineers - will help the firm more than double its engineering business revenue within a few years. The company does about USD 400 million annually in engineering, about half of that is in telecoms.

"Engineering is a very large part of our business but we want to make it even bigger. We believe it can be a billion dollars annually in the next few years," he said. "Given the culture of entrepreneurship in Israel we need to be here."

Under the "strategic relationship", Tech Mahindra will be responsible for R&D and customer services while Comverse will be in charge of product management and sales.

The venture into Israel by Tech Mahindra, which is part of the USD 16.5 billion Mahindra conglomerate, is the latest sign of booming ties between the countries since Indian Prime Minister Narendra Modi came to power last year.

Tech Mahindra Executive Vice Chairman Vineet Nayyar said the company's global activities will be concentrated in three countries - India, the United States and Israel.

Tech Mahindra, which employees over 98,000 people in 51 countries, will take on about 400 Comverse workers, up to 300 from Israel and the rest mainly from the United States, France, Japan, Bulgaria and India.

Comverse last year began a restructuring that included reducing its workforce by 14 percent.

"We hope to gain access to world class talent," Vyas said. "We have a big presence in Europe, India and the US (But) Israel was missing from the global footprint in terms of talent."

About half of Tech Mahindra's business is in telecoms with the rest from banking, healthcare and manufacturing.

Tech Mahindra owns Israel's Leadcom, a provider of network services for telecom companies, after it bought Leadcom's parent Lightbridge Communications in February.

Leadcom has about 25 workers in Israel and Vyas said the company is still working out what the relationship will be between Leadcom and the Comverse staff.

He said Israel fits in nicely with the company's long-term strategy, which includes a programme that enable employees to start up their own businesses with equity from Tech Mahindra.

"Given the culture of entrepreneurship in Israel we need to be here," Vyas said.

Tech Mahindra stock price

On April 15, 2015, Tech Mahindra closed at Rs 659.00, down Rs 5.75, or 0.86 percent. The 52-week high of the share was Rs 749.50 and the 52-week low was Rs 432.00.

The company's trailing 12-month (TTM) EPS was at Rs 24.47 per share as per the quarter ended December 2014. The stock's price-to-earnings (P/E) ratio was 26.93. The latest book value of the company is Rs 89.46 per share. At current value, the price-to-book value of the company is 7.37.

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Housing finance firm DHFL too lowered its home loan rate

The rate has been revised downward from 10.15 percent and the new rate would be effective from Wednesday, DHFL said in a statement.

Housing finance firm DHFL too lowered its home loan rate by 0.25 percent to 9.90 percent. The rate has been revised downward from 10.15 percent and the new rate would be effective from Wednesday, DHFL said in a statement.

"The reduction in the interest rate reflects our commitment towards enabling home ownership in tier 2 and 3 towns for each and every Indian," said Kapil Wadhawan, CMD of DHFL.

Although  SBI had lowered its base rate by 0.15 percent, it later announced a cut in spread over and above the base rate by 0.10 percent for home loans, bringing home loan down to 9.85 percent - at par with base rate - women borrowers.

However, the aggressive posturing by SBI is only for new borrowers, while the older borrowers will continue paying the spreads as per the older contracted rates.

As of December 2014, SBI had outstanding housing loan of Rs 1,52,905 crore as against Rs 1,35,129 crore at the end of third quarter of the previous fiscal registering a growth of 13.15 percent.

It's closest competitor  ICICI Bank had home loan portfolio size of Rs 84,425 crore.  HDFC Ltd had a loan book grew to Rs 2,19,951 crore at the end of last year as against 1,92,284 crore as at December 31, 2013.

ICICI Bank stock price

On April 13, 2015, ICICI Bank closed at Rs 316.90, down Rs 1.35, or 0.42 percent. The 52-week high of the share was Rs 393.30 and the 52-week low was Rs 242.88.

The company's trailing 12-month (TTM) EPS was at Rs 18.81 per share as per the quarter ended December 2014. The stock's price-to-earnings (P/E) ratio was 16.85. The latest book value of the company is Rs 126.25 per share. At current value, the price-to-book value of the company is 2.51.

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Indag Rubber standalone Mar '15 sales at Rs 65.79 crore

Mar '15 Dec '14 Sep '13 Net Sales/Income from operations 65.73 59.66 61.56 Other Operating Income 0.06 0.08 0.07 Total Income From Operations 65.79 59.75 61.63 EXPENDITURE Consumption of Raw Materials 40.74 37.80 41.05 Purchase of Traded Goods 0.06 0.06 -- Increase/Decrease in Stocks 0.76 1.24 -1.20 Power & Fuel -- -- -- Employees Cost 4.66 4.45 4.22 Depreciation 0.57 0.57 0.63 Excise Duty -- -- -- Admin. And Selling Expenses -- -- -- R & D Expenses -- -- -- Provisions And Contingencies -- -- -- Exp. Capitalised -- -- -- Other Expenses 8.04 6.53 6.94 P/L Before Other Inc. , Int., Excpt. Items & Tax 10.96 9.10 9.99 Other Income 0.63 0.48 0.16 P/L Before Int., Excpt. Items & Tax 11.58 9.58 10.14 Interest 0.09 0.02 0.08 P/L Before Exceptional Items & Tax 11.49 9.56 10.06 Exceptional Items -- -- -- P/L Before Tax 11.49 9.56 10.06 Tax 2.00 2.13 2.41 P/L After Tax from Ordinary Activities 9.48 7.43 7.65 Prior Year Adjustments -- -- -- Extra Ordinary Items -- -- -- Net Profit/(Loss) For the Period 9.48 7.43 7.65 Equity Share Capital 5.25 5.25 5.25 Reserves Excluding Revaluation Reserves -- -- -- Equity Dividend Rate (%) -- -- -- EPS Before Extra Ordinary Basic EPS 18.07 14.16 14.58 Diluted EPS 18.07 14.16 14.58 EPS After Extra Ordinary Basic EPS 18.07 14.16 14.58 Diluted EPS 18.07 14.16 14.58 Public Share Holding No Of Shares (Crores) 0.13 0.13 0.13 Share Holding (%) 25.23 25.23 25.00 Promoters and Promoter Group Shareholding a) Pledged/Encumbered - Number of shares (Crores) -- -- -- - Per. of shares (as a % of the total sh. of prom. and promoter group) -- -- -- - Per. of shares (as a % of the total Share Cap. of the company) -- -- -- b) Non-encumbered - Number of shares (Crores) 0.39 0.39 0.39 - Per. of shares (as a % of the total sh. of prom. and promoter group) 100.00 100.00 100.00 - Per. of shares (as a % of the total Share Cap. of the company) 74.77 74.77 75.00 Source : Dion Global Solutions Limited

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VRL Logistics' Rs 468 crore IPO to open tomorrow

The company has fixed price band of Rs 195-205 per share for its proposed IPO. Based on the price band, the IPO could raise between Rs 451 crore and Rs 468 crore through its initial share-sale programme.

VRL Logistics will hit the capital markets tomorrow with an estimated Rs 468-crore initial public offer (IPO). The bidding for shares in the IPO will open on Wednesday and close on April 17, making VRL Logistics the fourth company to hit the capital markets this year.

The IPO constitutes of a fresh issuance of Rs 117 crore worth of equity shares and an offer for sale of 1.71 crore equity shares by NSR-PE Mauritius LLC and the promoters' family.

The company has fixed price band of Rs 195-205 per share for its proposed IPO. Based on the price band, the IPO could raise between Rs 451 crore and Rs 468 crore through its initial share-sale programme.

The proceeds of the issue would be utilised for expanding the company's existing fleet of goods transportation vehicles, repayment of loan and for other general corporate purposes.

Out of the Rs 117 crore raised through fresh issuance, the company plans to purchase vehicles for Rs 64 crore and repay its debt of Rs 28 crore. Post IPO, promoters' stake would be reduced to 69-70 percent while 25 percent would be held by public and the rest 5 percent would be held by investors. The equity shares are proposed to be listed on both BSE and NSE.

The issue is being managed by ICICI Securities Limited and HSBC Securities and Capital Markets (India) Private Limited. This is the company's second attempt to enter the capital markets.

Earlier in December 2010, the Karnataka-based company had filed draft documents with Sebi for an IPO of 2.35 crore equity shares.

VRL, which has a total fleet strength of over 3,400 vehicles, employs 15,000 people. It provides luxury bus service in states such as Karnataka, Maharashtra, Goa, Andhra Pradesh, Telangana, Tamil Nadu, Gujarat and Rajasthan.

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Agio Paper standalone Mar '15 sales at Rs 0.03 crore

Mar '15 Dec '14 Mar '14 Net Sales/Income from operations -- -- -- Other Operating Income 0.03 0.00 0.33 Total Income From Operations 0.03 0.00 0.33 EXPENDITURE Consumption of Raw Materials -- -- -- Purchase of Traded Goods -- -- -- Increase/Decrease in Stocks -- -- -- Power & Fuel 0.02 0.01 0.02 Employees Cost 0.07 0.07 0.04 Depreciation 0.07 0.07 0.07 Excise Duty -- -- -- Admin. And Selling Expenses -- -- -- R & D Expenses -- -- -- Provisions And Contingencies -- -- -- Exp. Capitalised -- -- -- Other Expenses 0.22 0.09 0.35 P/L Before Other Inc. , Int., Excpt. Items & Tax -0.36 -0.25 -0.15 Other Income 4.62 0.03 0.16 P/L Before Int., Excpt. Items & Tax 4.26 -0.22 0.01 Interest -4.23 1.47 1.29 P/L Before Exceptional Items & Tax 8.48 -1.69 -1.28 Exceptional Items -- -- -- P/L Before Tax 8.48 -1.69 -1.28 Tax -- -- -- P/L After Tax from Ordinary Activities 8.48 -1.69 -1.28 Prior Year Adjustments -- -- -- Extra Ordinary Items -- -- -- Net Profit/(Loss) For the Period 8.48 -1.69 -1.28 Equity Share Capital 16.13 16.13 16.13 Reserves Excluding Revaluation Reserves -- -- -- Equity Dividend Rate (%) -- -- -- EPS Before Extra Ordinary Basic EPS 5.26 -1.05 -0.80 Diluted EPS 5.26 -1.05 -0.80 EPS After Extra Ordinary Basic EPS 5.26 -1.05 -0.80 Diluted EPS 5.26 -1.05 -0.80 Public Share Holding No Of Shares (Crores) 0.74 0.74 0.74 Share Holding (%) 45.78 45.78 45.78 Promoters and Promoter Group Shareholding a) Pledged/Encumbered - Number of shares (Crores) -- -- -- - Per. of shares (as a % of the total sh. of prom. and promoter group) -- -- -- - Per. of shares (as a % of the total Share Cap. of the company) -- -- -- b) Non-encumbered - Number of shares (Crores) 0.87 0.87 0.87 - Per. of shares (as a % of the total sh. of prom. and promoter group) 100.00 100.00 100.00 - Per. of shares (as a % of the total Share Cap. of the company) 54.22 54.22 54.22 Source : Dion Global Solutions Limited

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Here are Kalpesh Ashar's few investment ideas

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Here are Kalpesh Ashars few investment ideas

Watch the interview of Kalpesh Ashar of Full Circle Financial Planners and Advisors with Sumaira Abidi and Reema Tendulkar on CNBC-TV18, in which he gave few investment ideas.

Kalpesh Ashar ( more)

Sole Proprietor

Full Circle Financial Planners and Advisors

Watch the interview of Kalpesh Ashar of Full Circle Financial Planners and Advisors with Sumaira Abidi and Reema Tendulkar on CNBC-TV18, in which he gave few investment ideas.

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MCX Silvermic June contract trades lower

Silvermic prices on MCX slipped on Monday. MCX Silvermic June contract was trading at Rs 37052 down Rs 139, or 0.37 percent.

At 15:45 hrs MCX SILVERMIC April contract was trading at Rs 36590 down Rs 127, or 0.35 percent. The SILVERMIC rate touched an intraday high of Rs 36865 and an intraday low of Rs 36517. So far 17102 contracts have been traded. SILVERMIC prices have moved down Rs 3709, or 9.20 percent in the April series so far.

MCX SILVERMIC June contract was trading at Rs 37052 down Rs 139, or 0.37 percent. The SILVERMIC rate touched an intraday high of Rs 37282 and an intraday low of Rs 36998. So far 2131 contracts have been traded. SILVERMIC prices have moved down Rs 3756, or 9.20 percent in the June series so far.

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