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Mohan and Preety, crossing cultural boundaries, established a successful medical practice in rural India, enabling them to buy a home and invest wisely.

Dec 21, 2024

While 80% of Indian households have a bank account, 95% of their wealth is in gold and real estate, with financial assets like insurance and fixed deposits underperforming against inflation.

How did Mool help Priya make her investments more effective and goal-focused?

Sep 10, 2024

How did Surbhi manage to exceed her savings goals and stay on track using Mool?

Sep 10, 2024

How Mool helped Jatin achieve his goal of buying a home in Bangalore?

Sep 10, 2024

India's Electronics Manufacturing: Aiming for Global Dominance by 2026

Jul 29, 2024

India's electronics manufacturing industry aims to rank top 2-3 globally by 2026, reaching INR 43 Lakh Cr. by 2025.

Mool's FY25 Union Budget Preview

Jul 19, 2024

We think that FY25 Budget is one of the most important events to watch as it will be the first budget of the coalition led government.

Economic Growth and Fiscal Stability: India's Ascendant Trajectory

Jul 12, 2024

India's economy exhibits strong growth and prudent fiscal management, distinguishing itself amidst global uncertainties. Achieving a 7% GDP growth, the country demonstrates resilience and dynamism, outpacing global counterparts. Fiscal discipline is maintained with a deficit target of 5.1% of GDP, ensuring sustainable financial practices. The low current account deficit signifies external sector robustness, contributing to economic stability. Despite foreign divestments, the NIFTY index's resilience, supported by robust domestic inflows, reflects investor confidence.

The Open Network for Digital Commerce (ONDC): Revolutionizing India's E-commerce

Jul 12, 2024

ONDC democratizes Indian e-commerce, achieving 10M June 2024 transactions, 236-city expansion, empowering small businesses, with significant future growth.

Review of Mool's Analyst Calls

Jul 12, 2024

Mool's stock picks delivered a 30% average return, outperforming the BSE 500's 22%, with 10 stocks hitting their targets.

How AI is transforming Stock Market investing?

Jul 6, 2024

The integration of AI in stock market investing, leveraging technologies like Deep Learning and Natural Language Processing, is revolutionizing decision-making and risk management.

Cellecor Gadgets: Transforming Indian Homes with Smart Electronics

Jul 6, 2024

Cellecor Gadgets Limited is India's first publicly listed consumer electronics company. The company's financials have shown impressive growth, recently listing on NSE EMERGE.

Technical Pick of the Week #4 - Gravita India

Jul 6, 2024

Established in 1992 Gravita India Ltd is a top lead producer, specializing in lead, aluminum, plastic recycling, and turnkey projects.

Company OverviewPrestige Estates Projects Limited, established in 1986, has evolved into a prominent real estate developer with a diverse portfolio encompassing residential, commercial, hospitality, and retail segments. The company has successfully completed over 250 projects, with a total developed area of more than 134 million square feet, solidifying its position as a leading entity in the South Indian real estate market. PEPL is actively expanding its presence in the North and West Indian markets while significantly enhancing its annuity portfolio.Historical PerformanceSold 16.13 million square feet and 8,402 units, completing over 300 projects totaling 180 million square feet81% increase in total sales, reaching INR 16,333 Cr in the first nine months of FY2420% rise in collections, amounting to INR 8,478 Cr19% growth in average realization per square foot, achieving INR 10,143Key Drivers and Investment ThesisRobust Launch Pipeline for FY25: PEPL plans to unveil projects covering approximately 32 million square feet (PEPL's share) by the end of FY25, targeting a Gross Development Value (GDV) of INR 42,000 CrStrong Surplus Cash Flow Projections: With pending receivables of around INR 18,800 Cr and unsold inventory worth approximately INR 16,200 Cr, PEPL anticipates generating a substantial surplus cash flow of about INR 14,200 Cr, considering the balance construction costs of INR 21,200 CrExpansion of Annuity Portfolio: PEPL continues to fortify its annuity portfolio, evidenced by the completion and operationalization of notable projects such as the Prestige Sky Tech office in Hyderabad and the Moxy hotel in BengaluruMarket Dynamics and Strategic Diversification: The company is well-positioned to benefit from the revival in housing demand and potential market share gains amidst industry consolidation. PEPL's increasing geographical diversification and its diversified presence across residential, office, retail, and hospitality segments strategically mitigate the cyclical risks inherent in the real estate sectorFinancial Analysis and ValuationAdopting a Sum of The Parts (SOTP) valuation approach and factoring in a 15% premium to the Net Asset Value (NAV) of INR 1,232, we arrive at a target price of INR 1,417 for PEPL. This valuation suggests a promising 21% upside potential within the next 12-18 months. RecommendationWe recommend a "Buy" rating for Prestige Estates Projects Limited, considering its strong market position, robust launch pipeline, and strategic diversification across various real estate segments. The company's focus on expanding its annuity portfolio and its ability to generate substantial surplus cash flows further strengthen its investment appeal.‍Disclaimer:Mool Capital Limited is a SEBI Registered Research Analyst having registration no. INH000012449. This report has been prepared by Mool Capital Pvt. Ltd. and is solely for information of the recipient only. The report must not be used as a singular basis of any investment decision. The views herein are of a general nature and do not consider the risk appetite or the particular circumstances of an individual investor; readers are requested to take professional advice before investing. This document is not, and should not, be construed as an offer or solicitation of an offer, to buy or sell any securities or other financial instruments. This report should not be construed as an invitation or solicitation to do business with Mool Capital. Mool Capital and its affiliated company(ies), their directors and employees may; (a) from time to time, have a long or short position in, and buy or sell the securities of the company(ies) mentioned herein or (b) be engaged in any other transaction involving such securities and earn brokerage or other compensation or act as a market maker in the financial instruments of the company(ies) discussed herein or act as an advisor or lender/borrower to such company(ies) or may have any other potential conflict of interests with respect to any recommendation and other related information and opinions.

Jul 6, 2024

Inox Wind Limited, a top Indian wind energy provider, saw 139% revenue growth in FY24, driven by strong order momentum.

Prestige Estates: Constructing a Promising Portfolio

Jul 6, 2024

We closed our "Buy" recommendation on Prestige Estates as the stock reached our target price of 1417.

Technical Pick of the Week #8 - Kotak Mahindra Bank

Jul 6, 2024

Kotak Mahindra Bank, established in 1985, has grown to become one of India's leading financial institutions.

A Dive into India's Decorative and Industrial Paint Industry

Jun 28, 2024

The Indian paint industry, valued at INR 73,000 crore in 2024, is driven by decorative paints (78% share) and industrial paints (22% share).

How will India's urban landscape shape the future of its capital goods industry?

Jun 5, 2024

The capital goods sector, vital for economic growth, anticipates INR 68,40,000 Cr. (US$840 billion) investment for urban infrastructure by 2036.

Destination India: Unpacking the Potential of the Nation's Hospitality Sector

May 7, 2024

India's travel and tourism industry is poised for robust growth, with its GDP contribution expected to reach ₹42,000 crores by FY2028.

India's Defence Sector: A Promising Investment Opportunity

Apr 19, 2024

India's defence sector presents a compelling investment opportunity, driven by robust defence expenditure growth and surging exports positioning India as a major global supplier.

Bull Market Dynamics: A Deep Dive into Bull Market Phenomena

Apr 1, 2024

Bull markets signify investor optimism, marked by significant gains across stocks, bonds, and other assets.

Future Proof Your Finances: The Art of Building an Emergency Fund

Apr 1, 2024

Establishing a readily accessible emergency fund enables individuals to swiftly overcome sudden expenses, ensuring a smoother path toward achieving long-term financial goals.

Understanding the distinctions between these systems is vital for effectively managing one's tax liabilities and maximizing savings.

Apr 1, 2024

Understanding credit scores is vital for financial well-being. This guide breaks down credit scores into easy-to-understand terms, covering the range from excellent to poor.

Maximising Your Savings: Old vs. New Tax Regimes

Apr 1, 2024

Understanding the distinctions between these systems is vital for effectively managing one's tax liabilities and maximizing savings.

From Vision to Victory: India's Renewable Energy Road to 500GW

Apr 1, 2024

India's renewable energy sector is experiencing a significant transformation, with its capacity expanding from 76GW in FY14 to 178GW by FY23, aiming for 500GW by FY30.

Stress Testing Liquidity: Insights into Midcap and Smallcap Mutual Funds

Mar 22, 2024

Recent studies reveal the critical role of liquidity in mutual fund investments, especially in midcap and smallcap funds.

Value vs. Growth: Mastering the Art of Wealth in India's Market Odyssey

Mar 18, 2024

In the dynamic Indian stock market, value investing focuses on uncovering undervalued stocks poised for appreciation, while growth investing targets high-potential companies in emerging sectors, despite higher risks and volatility.

Term Insurance: The Superhero Cape Your Loved Ones Deserve

Mar 12, 2024

Term insurance provides financial security amidst life's uncertainties. With premiums payable for 5-30 years, it ensures a lump sum for beneficiaries if the policyholder passes away during the term.

Striking the Right Balance: The Art of Evaluating the Risk-Return Matrix

Mar 12, 2024

Investing in the stock market involves managing risk and potential reward, much like balancing on a seesaw.

Indian Chemical Industry: Navigating Challenges and Opportunities for Sustainable Growth

Mar 11, 2024

The Indian chemical industry, with a remarkable 20% CAGR in TSR from 2014 to 2023, now faces margin pressures due to global economic shifts and internal challenges.

Life is a roller coaster, full of surprises at every turn. While we can't predict what's around the bend, we can make sure we're ready for whatever comes our way. Think of term insurance coverage as a safety net for your loved ones. It's like having a parachute that opens up if something unexpected happens to you. This financial safety cushion ensures that your family can stay secure, even during life's toughest moments.‍How term insurance works?A term life insurance policy is the simplest, purest form of life insurance. You pay a premium for a set period, usually spanning from 5 to 30 years. If you pass away during this period, a cash benefit is paid out to your chosen beneficiaries, providing them with financial support towards their expenses and loan obligations. Term policies do not accumulate cash value, provide no payout once the term ends, and offer no benefits other than a lump sum payout in case of death. To maintain simplicity, the majority of term policies follow a "level premium" structure, meaning your annual or monthly premium remains constant throughout the entire policy term.How much coverage is enough?The coverage provided by term insurance can vary based on individual factors like income, lifestyle, expenses, and debts. This amount should be enough to address future requirements and offset the impact of inflation.You should carefully assess all your family's future requirements, whether it's outstanding debts or potential medical expenses, to determine the appropriate coverage needed for your term plan.‍Let's assess the necessary coverage for Shiv, aged 45, who resides with his wife Parvati, aged 40, and their 15-year-old son, Ganesh. Ganesh is currently in school with three more years of education remaining. Shiv intends to secure sufficient coverage to provide for Ganesh’s future college expenses and marriage, in addition to covering essential household expenses for Parvati, and paying off their outstanding home loan, considering a life expectancy for the couple until age 85.We have assumed that the couple's existing assets will cover the down payment needed for the house. Based on the illustration, Shiv requires a term insurance policy with a sum assured of 1.78 Crores. It's worth noting that one should verify whether the outstanding home loan already includes some form of term insurance that the lender may have required Shiv to obtain when he received loan approval.Another common method used to calculate the term insurance is Income Replacement Method. Typically, life insurance companies use a rule of thumb to calculate human life value, which involves multiplying your income by 5 to 30 times. This multiplier isn't random - it's based on a formula representing current income multiplied by the expected number of years the insured individual will earn an income. For instance, Shiv, who is 45 years old and wants to retire by age of 60, it's recommended to get coverage that's around 15 times of his yearly income.With term insurance as your trusted companion, you can navigate life's uncertainties with confidence, knowing that you've fortified your family's future against any unexpected twists and turns. Just make sure that the sum insured is properly calculated so it can realistically support their needs.

Mar 11, 2024

Holding companies, exemplified by Tata Sons and Bajaj Holdings, acquire interests in various firms, offering a strategic investment avenue with diversified sector exposure.

Add the glitter to your portfolio: Diversifying Portfolios with Traditional and Modern Gold Investments in India

Mar 1, 2024

Delve into the multifaceted appeal of gold investment in India, intertwining tradition, culture, and financial prudence. Beyond adornment, gold serves as a diversification tool, shielding portfolios from inflation and market volatility.

Making Money Work for You: A Guide to Identifying Good Loans and Avoiding Bad Ones

Mar 1, 2024

In the world of personal finance, loans can seem like a maze, but they're not all bad. While debt often gets a bad rap, it can actually be a useful tool if used wisely

Turning Dreams into Reality: How SMART Goals Can Help

Mar 1, 2024

Setting financial goals is like having a map for your money journey. It helps you know where you're headed. First, figure out what's important to you and why it matters.

Why invest in gold?As Indians, we love owning gold jewelry. Whether it is for religious, cultural, or financial reasons, gold jewelry has always found a place in most households in our country. The primary rationale for gold investments is portfolio diversification, and in that context, gold is viewed as the ideal hedge against inflation and the potential volatility of equity investments. In addition, over the past 20 years, gold has returned an average of 11.2%. This indicates that 20 years later, INR 100 invested in gold would be worth INR 222. However, being a valuable metal, the safety of the jewelry is of high concern to investorsWays to invest in gold.There are some conventional and modern types of gold investments preferred by people. In conventional forms, it was just buying physical gold in the forms of jewelry, coins, billions, or artifacts. Today's investors have more options than ever before, including gold funds, sovereign gold bonds (SGBs), and gold exchange-traded funds (ETFs). Gold ETFs is a type of investment fund that holds gold assets, such as bullion or futures contracts, and is traded on a stock exchange. The AMC allots units to the investors that can then be traded on the exchanges. The price of the ETF correlates with the underlying physical gold, adding the flexibility of equity investment to the age-old simple gold investment. This means that investors do not own physical gold, but instead own a share of the ETF that represents a certain amount of gold.  Sovereign Gold Bonds, which are issued by the Reserve Bank of India on behalf of the Indian government come with a 2.50% annual guaranteed interest rate. The bonds have a fundamental unit of 1 gram and are valued in grams of gold. However, there is no underlying gold in the case of sovereign gold bonds. It’s a bond pegged to gold prices and has a sovereign guarantee. So, at maturity, the redemption happens as per the prevailing gold prices‍Here is the illustration of investing in 10 grams of gold across various gold alternatives.‍With a variety of investment options available, exploring your options and understanding your risk tolerance is crucial. Regardless of your choice, remember that gold can be a valuable addition to your portfolio, adding a touch of stability and diversification. Happy investing!

Feb 26, 2024

UPI is revolutionizing India's payment ecosystem, driving digital transactions in both B2B and B2C sectors, with over 40% of payments now digital, largely thanks to its 40 crore users and 5 crore merchant adoption.

The Rise of ESG Investing: Exploring Environmental, Social, and Governance Factors in Stock Market Strategies

Feb 7, 2024

ESG investing prioritizes environmental, social, and governance factors in investment decisions, aiming for sustainable returns and positive societal impacts.

The integration of AI in stock market investing, leveraging technologies like Deep Learning and Natural Language Processing, is revolutionizing decision-making and risk management.

Jan 22, 2024

Navigate the financial journey of life's big milestones: Learn how to strategically manage funds for post-graduation expenses and dream weddings.

Starting the college life

Jan 15, 2024

Starting college is an exciting time, but it's crucial to set both short and long-term financial goals. Budget wisely using the 70/20/10 rule, and explore diverse income sources like scholarships and side hustles.

Getting the first job

Jan 15, 2024

Starting a new job marks a crucial transition from college to the professional world, bringing with it new responsibilities and opportunities.

Buying a Health Insurance

Jan 15, 2024

Buying health insurance early offers several benefits, including lower premiums and coverage before the onset of pre-existing conditions.

Asset Allocation Matched to the Market Cycle Creates Outsized Returns

Jan 15, 2024

In 2023, Indian equities saw significant gains, with large caps increasing by 21.4% and mid and small caps even higher.

Summary 2023 and Mool's Outlook for 2024

Jan 5, 2024

The Indian stock market closed 2023 with a bang, as the Nifty 50 soared to an all-time high in December, capping off a remarkable year with a 20% gain.

Are you losing money?

Dec 21, 2023

Indian savings traditionally in bank deposits face wealth erosion due to inflation outpacing interest rates. Diversifying investments into equities, debt, and gold, as shown in Mool's analysis, can counter inflation and improve financial health.

The Indian Dream

Dec 21, 2023

Mohan and Preety, crossing cultural boundaries, established a successful medical practice in rural India, enabling them to buy a home and invest wisely.

The Mool Mantra

Dec 21, 2023

Mool aims to transform the traditional Indian savings approach, where 70% of financial assets are in low-yield bank deposits and fixed deposits, into smarter investing.

Most Indians can't afford retirement

Dec 21, 2023

India's elderly population, set to increase by 40% in the next 15 years, largely lacks retirement plans, with many expecting to rely on their children amidst changing family structures and economic pressures.

Millions of Indians run into poverty after a crisis

Dec 21, 2023

In India, the lack of savings and insurance leads to increased poverty and indebtedness, especially in rural areas affected by natural disasters.

Blue Flower
Cementing India's Urbanization: How the Cement Sector is Fueling the Nation's Development

Apr 8, 2022

India's cement industry, second-largest globally with 570 MTPA capacity, is dominated by private players. Expected to grow at 4-5% CAGR through FY27.

Teal Flower
Exploring the Rewards and Risks of India's SME Listings

Mar 15, 2022

The Indian SME market is experiencing a surge in IPOs, with 100 in the last 6 months. BSE and NSE SME platforms, launched in 2012, have listed over 600 companies combined. The BSE SME IPO index has delivered exceptional returns, including a 5,190% 5-year return. However, investors face risks such as limited information, lower liquidity, and potential overvaluation.

Pink Flower
India's Power Play: Analysing the Dynamics of India's Power Sector

Feb 28, 2022

India's power sector sees rapid growth with significant investments and private sector dominance.