Export Oriented Companies Q1 FY14

We track almost every stock listed on BSE/NSE in India. Since Mid-2012 we believed due to depreciation of Rupee and slowdown in domestic economy companies deriving major revenue from exports or say companies focussing on exports for their incremental revenues could become multi-baggers between Mid 2014-2016.

We have seen end of Q1 FY14 results season and now its time to list down performance of export oriented companies we track so we present below export focussed Mid and Smallcap companies' Q1 FY14 on different parameters - Q1 Sales growth, Q1 Operating Profit growth, Q1 EPS growth, Annualized PE and Annualized ROE. Note that some companies in Agrochemicals have seasonality in business so strictly annualized PE/ROE can not be used but for standardised comparison with others we have used it. Secondly, Some companies' Q1 EPS has been estimated by us due to inclusion of EO items in reported EPS. We have ranked them based on our own Qualitative and Quantitative parameters and obviously someone may not agree with that.

1. Generics/Pharma/CRAMS/Agrochemicals stocks:

2. Midcap IT/Engineering stocks:

We expect Small and Midcap indexes to bottom in near future and we expect sideways/range movement in Small and Midcap stocks up to Mid 2014 so we will start accumulating above stocks up to Mid 2014 in parts.

Disc: No firm holding in any of the stocks listed above. Personal holding in Astec Lifesciences. Clients hold some of the stocks listed. Firm/Personal/Client may buy/sell or trade in above mentioned stocks.

Posted in: Indian Market