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Kamat Hotels (India) (NSE:KAMATHOTEL) has a return on capital employed (ROCE) of 12%, which is above the hospitality industry average of 8.2%. However, its ROCE has declined from 29% five years ago, raising concerns about its long-term growth potential. The company has significantly reduced its current liabilities, which may impact its efficiency in generating ROCE. Despite a 486% gain for shareholders over the past five years, the stock may not be a multi-bagger moving forward. Investors should be aware of two warning signs related to the company.
PTC India Ltd :NTPC TO BECOME SOLE PROMOTER OF CO
Adani Power successfully raised 75 billion rupees ($816.58 million) in a debt sale, with over 90% purchased by Indian banks and mutual funds. Major investors included SBI Mutual Fund, ICICI Bank, and Axis Bank. The bonds, rated 'AA', feature varying coupon rates and are part of Adani's strategy to focus on domestic borrowing following governance concerns. The issue closed for bidding on Friday, amid a backdrop of significant market cap losses for the Adani group due to ongoing regulatory scrutiny.
Gandhar Oil Refinery (INDIA) Ltd :DEC-QUARTER CONSOL NET PROFIT 323.9 MILLION RUPEESDEC-QUARTER CONSOL REVENUE FROM OPERATIONS 11.67 BILLION RUPEESAPPROVED TO SELL IMMOVABLE PROPERTY AT MOHALI FOR OVER 16 MILLION RUPEESTO PURCHASE LAND PARCEL ADJOINING PRESENT FACTORY
SEBI has approved IPO papers for 13 companies, including Purple Style Labs, BVG India, Sify Infinit Spaces, and CMR Green Technologies. Other companies like Transline Technologies, UKB Electronics, and Medicap Healthcare also received clearance. The approvals allow these companies to proceed with their IPO plans within the next year, while those using the confidential route have 18 months to launch their offers. Observations were issued on various dates for different companies, indicating their readiness to move forward with the IPO process.
