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Business Upturn
a day ago
- Business
- Business Upturn
HUDCO raises Rs 750 crore via NCDs at 6.52% coupon, to mature in 3 years
Housing and Urban Development Corporation (HUDCO), a Navratna CPSE, has successfully raised Rs 750 crore through the issuance of unsecured, taxable, redeemable, non-convertible, non-cumulative debentures (NCDs) under Series-C 2025 on a private placement basis. As per the regulatory filing on June 6, the Bond Allotment Committee approved a base issue size of Rs 500 crore with a green shoe option of Rs 250 crore, aggregating the total issue to Rs 750 crore. The NCDs have a tenure of three years, with annual interest payments scheduled on June 6 each year till maturity in 2028. The coupon rate offered on these NCDs is 6.52%, and the bonds will be listed on BSE. Notably, these are unsecured instruments and do not carry any special rights or privileges. There has been no delay or default in interest or principal payment as per the company's disclosure. This move strengthens HUDCO's financial position as it continues to finance infrastructure and housing projects aligned with its mission for a developed India. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Investments in debt instruments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
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Business Standard
28-05-2025
- Business
- Business Standard
Hindustan Copper shares surge 4% on strong Q4 profit; Details here
Shares of Hindustan Copper surged over 4 per cent on Wednesday after it reported a 51.8 per cent increase in profit for the quarter ended March 31, 2025 (Q4FY25). Hindustan Copper's stock rose as much as 4.28 per cent during the day to ₹255.5 per share, the highest level since December 30, last year. The stock pared gains to trade 3.6 per cent higher at ₹253.9 apiece, compared to a 0.32 per cent decline in Nifty50 as of 9:38 AM. Shares of the company extended gains to their fourth day and have risen over 15 per cent from their recent lows of ₹222, which it hit earlier this month. The counter has risen by 2 per cent this year, compared to a 4.7 per cent advance in the benchmark Nifty50. Hindustan Copper has a total market capitalisation of ₹24,465.71 crore. Hindustan Copper Q4FY25 results The state-owned Mini-Ratna Central Public Sector Enterprise (CPSE) reported a 51.8 per cent increase in consolidated profit at ₹189.48 crore in Q4FY25. The consolidated income of the company during the fourth quarter rose to ₹777.28 crore, over ₹585.22 crore in the year-ago period. The total expenses of the company during the quarter under review rose to ₹518.75 crore, over ₹401.49 crore in the year-ago period. On the operational front, earnings before interest, taxes, depreciation and amortisation(Ebitda) rose 19 per cent year-on-year (Y-o-Y) to ₹266.7 crore. However, the Ebitda margin contracted around 300 basis points to 36.5 per cent. About Hindustan Copper Hindustan Copper Limited (HCL), established in 1967, is India's only vertically integrated copper producer, operating under the Ministry of Mines. As a central public sector enterprise (CPSE), HCL manages the entire copper value chain—from mining and beneficiation to smelting and refining. The company's operations span five key locations across the country: the Malanjkhand Copper Project in Madhya Pradesh, Khetri Copper Complex in Rajasthan, Indian Copper Complex in Jharkhand, Taloja Copper Project in Maharashtra, and Gujarat Copper Project in Gujarat. The operations at the Taloja plant are currently limited to third-party tolling activities.
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Business Standard
20-05-2025
- Business
- Business Standard
Why did NLC India share price rally 9% on May 20? Key details here
NLC India share price: NLC India shares rallied on Tuesday, May 20, 2025, with the scrip rising up to 8.73 per cent to hit an intraday high of ₹257 per share. However, by 11:00 AM, NLC India share prices were off day's high and were trading 4.29 per cent higher at ₹246.50 per share. In comparison, BSE Sensex was trading 0.12 per cent lower at 81,962.45 level. Why did the NLC India share rise today? NLC India share rose on the back of a strong quarter earnings. The company reported its Q4FY25 results on May 19, post market hours. The company's profit zoomed more than four (4) times or 321.9 per cent year-on-year (Y-o-Y) to ₹482 crore in the March quarter of FY25, from ₹114 crore in the March quarter of FY24. The revenue from operations jumped 8.3 per cent Y-o-Y to ₹3,836 crore in Q4FY25, from ₹3,540.6 crore in Q4FY24. At the operating level, earnings before interest, tax, depreciation and amortisation (Ebitda) soared 43 per cent annually to ₹861.4 crore in Q4FY25, from ₹602.2 crore in Q4FY24. Subsequently, Ebitda margin expanded 544 basis points (bps) to 22.45 per cent, from 17.01 per cent a year ago. For FY25, revenue from operations stood at ₹15,282.96 crore, as against ₹13,001.33 crore last fiscal year, marking a growth of 17.55 per cent. Notably, the company posted its highest-ever Ebitda and PAT at ₹6,512.96 crore and ₹2,713.61 crore, respectively, for FY25. About NLC India NLC India, formerly known as Neyveli Lignite Corporation India Limited, is a prominent Central Public Sector Undertaking (CPSE) under the Ministry of Coal. The company is primarily engaged in lignite mining and power generation. With major operations in Neyveli, Tamil Nadu, and Barsingsar, Rajasthan, NLC India plays a vital role in the country's energy sector by extracting lignite and using it to fuel thermal power stations. In addition to lignite-based power generation, NLC India has expanded into the renewable energy space, contributing to India's clean energy goals. The company operates several thermal power stations with a total capacity of approximately 3,640 MW and has built a renewable energy portfolio of over 1,421 MW, primarily from solar power.
Yahoo
15-05-2025
- Business
- Yahoo
European Stocks That May Be Trading At A Discount In May 2025
As European markets continue to navigate the complexities of global trade tensions and monetary policy adjustments, the pan-European STOXX Europe 600 Index has shown resilience with a modest gain, marking its fourth consecutive week of growth. Amidst these mixed signals from major stock indexes and central bank rate decisions, investors are increasingly on the lookout for stocks that may be trading at a discount. Identifying undervalued stocks can be particularly appealing in such an environment where economic uncertainty prevails, as these investments might offer potential for value appreciation once market conditions stabilize. Name Current Price Fair Value (Est) Discount (Est) ILPRA (BIT:ILP) €4.54 €8.76 48.2% adidas (XTRA:ADS) €223.80 €440.87 49.2% Lectra (ENXTPA:LSS) €24.30 €47.47 48.8% Tesmec (BIT:TES) €0.0564 €0.11 49.7% Vestas Wind Systems (CPSE:VWS) DKK111.75 DKK215.27 48.1% Claranova (ENXTPA:CLA) €2.745 €5.40 49.2% MilDef Group (OM:MILDEF) SEK227.60 SEK440.23 48.3% illimity Bank (BIT:ILTY) €3.618 €7.21 49.8% Martela Oyj (HLSE:MARAS) €0.758 €1.50 49.5% (BIT:EXAI) €1.33 €2.58 48.5% Click here to see the full list of 173 stocks from our Undervalued European Stocks Based On Cash Flows screener. Underneath we present a selection of stocks filtered out by our screen. Overview: BE Semiconductor Industries N.V. is a company that develops, manufactures, markets, sells, and services semiconductor assembly equipment for the semiconductor and electronics industries globally, with a market cap of €9.53 billion. Operations: The company generates its revenue primarily from its Semiconductor Equipment and Services segment, which accounted for €605.30 million. Estimated Discount To Fair Value: 24.4% BE Semiconductor Industries appears undervalued, trading over 20% below its estimated fair value of €159.02. Despite recent volatility, the company has shown stable earnings growth of 1.7% last year and forecasts suggest a significant annual profit growth rate of 24.4%, outpacing the Dutch market's average. The firm recently approved a €172.5 million dividend payout for 2024 and completed share buybacks worth €51.5 million, reflecting robust cash flow management amidst flat revenue guidance for Q1 2025. Our growth report here indicates BE Semiconductor Industries may be poised for an improving outlook. Get an in-depth perspective on BE Semiconductor Industries' balance sheet by reading our health report here. Overview: Surgical Science Sweden AB (publ) develops and markets virtual reality simulators for evidence-based medical training globally, with a market cap of approximately SEK7.69 billion. Operations: Surgical Science Sweden AB generates revenue from two main segments: Industry/OEM at SEK441.59 million and Educational Products at SEK442.50 million. Estimated Discount To Fair Value: 44.8% Surgical Science Sweden AB is trading at SEK 150.7, significantly below its estimated fair value of SEK 273.16, highlighting potential undervaluation based on cash flows. Despite a decline in profit margins from last year's 26.5% to 14.9%, the company reported strong Q1 earnings growth, with net income rising to SEK 33.24 million from SEK 23.79 million year-on-year and forecasts indicating robust annual earnings growth of over 20%, surpassing Swedish market averages. The growth report we've compiled suggests that Surgical Science Sweden's future prospects could be on the up. Click to explore a detailed breakdown of our findings in Surgical Science Sweden's balance sheet health report. Overview: Schaeffler AG, along with its subsidiaries, develops, manufactures, and sells components and systems for industrial applications across Europe, the Americas, China, and the Asia Pacific with a market cap of approximately €3.87 billion. Operations: The company's revenue segments include Vehicle Lifetime Solutions with €2.73 billion and Bearings & Industrial Solutions with €6.53 billion. Estimated Discount To Fair Value: 27.5% Schaeffler is trading at €4.10, significantly below its estimated fair value of €5.65, suggesting undervaluation based on cash flows. Despite recent challenges, including a decline in net income from €231 million to €83 million year-on-year for Q1 2025, the company anticipates becoming profitable within three years. Schaeffler's strategic shift towards cloud-based solutions and its merger with Vitesco Technologies may enhance operational efficiencies and support future growth prospects amidst industry competition. Insights from our recent growth report point to a promising forecast for Schaeffler's business outlook. Click here to discover the nuances of Schaeffler with our detailed financial health report. Get an in-depth perspective on all 173 Undervalued European Stocks Based On Cash Flows by using our screener here. Invested in any of these stocks? Simplify your portfolio management with Simply Wall St and stay ahead with our alerts for any critical updates on your stocks. Join a community of smart investors by using Simply Wall St. It's free and delivers expert-level analysis on worldwide markets. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ENXTAM:BESI OM:SUS and XTRA:SHA0. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Upturn
06-05-2025
- Business
- Business Upturn
HUDCO raises Rs 2,190 crore via private placement of NCDs
By Aditya Bhagchandani Published on May 6, 2025, 12:38 IST Housing and Urban Development Corporation (HUDCO), a Navratna CPSE under the Government of India, has successfully raised Rs 2,190 crore through a private placement of unsecured, taxable, redeemable, non-convertible, non-cumulative debentures (NCDs). The bond allotment committee approved the issuance during its meeting on May 6, 2025. The issue consists of a base size of Rs 500 crore and a green shoe option of Rs 1,680 crore, totaling Rs 2,190 crore. These NCDs carry an annual coupon rate of 6.90% and will mature in five years. Interest payments will be made annually on dates ranging from May 8, 2026, to May 8, 2030. The NCDs are proposed to be listed on the BSE. The instruments are unsecured and do not carry any special rights or privileges. HUDCO has clarified that there have been no delays in prior payments, nor any regulatory comments or concerns raised in relation to such instruments. This issuance is part of HUDCO's broader strategy to fund its developmental financing operations across India, supporting the government's vision of 'Viksit Bharat.' Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Debenture investments are subject to credit, market, and regulatory risks. Always consult with a financial advisor before making investment decisions. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
