India Inc: Looking forward to a stimulus
The 10-year rolling return declines to 11.8% in FY16 from 19% in FY13
Sajjan Jindal-owned firm one of the seven bidders; deal would add 5.5-mt capacity
March quarter net sales of 350 companies grew at fastest pace in past 6 quarters
They have been net buyers and sellers in alternate quarters since March 2015, causing volatility in the market
In the past five years, IT companies' net sales grew faster than their salary bill, unlike manufacturing firms
Excluding TCS, dividend income down to a trickle; Tata Sons, however, says market cap of listed entities grew much more than that of Sensex over 10 years
Rise in revenue after five quarters as commodity prices bottom out and software exporters grow faster
Combined net profit estimated to grow 14.6% year-on-year, against a 5.7% decline in the Dec 2015 quarter
The company's stock is nearly 50 per cent higher than in June 2014, when Sikka took over, and the momentum favours it over peers
73 such listed entities here, against 14 in China, six in Japan and two in America; analysts caution, for reasons, against reading too much into this
Rs 4,300-crore dividend tax blow for promoters
Longest period of expansion in price-earning ratio since 1996
67 companies with total debt of Rs 5.65 lakh cr were either loss-making or didn't generate enough profit to cover interest cost in FY15
Big-ticket buyouts at the peak of valuation cycle failed to live up to the hype; smaller deals did better
Premium valuations era started in 2006 and went hand in hand with decline in the US interest rates
This is largely because of a sharp cut in capex and investments rather than any material improvement in cash flow generation from operations
The company may not recover the funds invested to acquire and sustain Sylvania since 2007