Page 6 - Crisil Report

Stress in wholesale book of NBFCs to rise further, says CRISIL report

About 30 per cent of the realty book of NBFCs has come out moratorium while 40 per cent of the exposure is still under moratorium

Iron ore prices are set to rise 30-40% after Odisha auctions: Crisil

The hike in iron ore prices in the aftermath of auctions will hinge on the auction premiums

Revival in production and exports buoys seafood firms: CRISIL SME Tracker

CRISIL Research expects the industry to grow 5-7 per cent year-on-year, compared with 6-7 per cent in the last fiscal year

The global easing cycle

India will need interventions to protect financial stability

Crisil to buy Stamford-based Greenwich Associates, deal likely early 2020

Greenwich is a leading provider of proprietary benchmarking data, analytics and qualitative, actionable insights that help financial services firms measure and improve business performance

Farmers to earn 9% profit over lower kharif, higher rabi output: CRISIL

Maharashtra, Madhya Pradesh, Karnataka, Kerala, Andhra, Rajasthan and Odisha had crop damage due to excess rain and floods

Banks' FY19 retail loan growth slipped to 12%, slowest in 5 years: CRISIL

Adjusted for securitisation, loan book grows at 12% as against 16% in FY18

For states, balancing fiscal maths and capex will be challenging: CRISIL

The rating agency - in its Infrastructure Yearbook 2019, released on Tuesday - said most of the sub-sectors in infrastructure have shown stress this year, compared to the previous year

Karvy group's liquidity to stay stretched over medium term: CRISIL

Execution of big government projects and their realisation will remain key monitorables, CRISIL said

Heat is on for refractory, sponge iron, re-roller firms: CRISIL SME Tracker

Moderation in demand led to a fall in steel prices, adversely affecting SMEs

Consolidation to gather pace among domestic IT companies, says report

Scaling up and the need to build digital capabilities will lead to faster consolidation among the mid-tier information technology companies in India, domestic ratings agency Crisil said Tuesday. The IT companies' legacy businesses such as time and material contracts have become commoditised, posing significant growth and profitability challenges, it said, spelling out the reasons which will drive this consolidation. Exit by promoters of tier II firms in the past two years who are capitalising on higher valuations and better growth prospects will also drive this trend, it said. The agency said it has analysed 22 such mid-tier IT firms with turnover between Rs 1,000 - Rs 10,000 crore and found that there is a consolidation opportunity in Rs 33,000 crore worth of market capitalisation. Without taking any names like Bengaluru's Mindtree which is being acquired by L&T, it said moves entailing switch of ownership for Rs 18,000 crore are already in progress. "Such ...

EPC road firms could face slowdown in revenue growth in FY20, FY21: Crisil

Slower project awarding and delayed receipt of 'appointment date' (on which projects are kicked off) from the NHAI are the main contributors to this decline

A dull fiscal looms for gems and jewellery SMEs: CRISIL SME tracker

Domestic demand in volume terms, on the other hand, is expected to shrink due to skyrocketing prices

Top 1,000 listed firms may see tax savings of Rs 37k cr on tax cut: Crisil

CRISIL Research on Sunday said top 1,000 listed companies could see tax savings of Rs 37,000 crore on account of the corporate tax cut. "Over the past few days, a slew of measures have been introduced to address the slowdown in the Indian economy. Friday's announcement, however, is the most material...Our analysis indicates these 1,000 companies could see tax savings of Rs 37,000 crore, or nearly a fourth of the total savings anticipated by the government," it said in a statement. The drop in tax rate would now bring India at par with most Asian economies, it added. "CRISIL Research's analysis of nearly 1,000 companies -- spread across 80+ sectors such that they cover more than 70 per cent of NSE's market capitalisation -- indicates that effective tax rates had risen over the past 5 years," it said. These companies, including oil & gas and financial services, account for nearly a third of the tax paid by India Inc. "These estimates are based on profit before tax for fiscal 2019. .

Higher input cost to cut margins of cashew processors: CRISIL SME tracker

The increase in costs is due to a hike in import duty on raw cashew kernels from 45 per cent to 70 per cent, in the Union Budget for 2019-20

ARC role in resolution may help pare NPAs to Rs 9.1 trn by March: Crisil

With the share of cash deals rising, discounts could remain high. To make way for newer acquisitions and attract new and repeat investors, ARCs must quickly resolve assets and redeem security receipts

CRISIL SME Tracker: Chinese slump a godsend for SMEs in chemicals industry

In fiscal 2020, CRISIL Research expects domestic demand for specialty chemicals to remain robust, driven by key end-user industries

A first for Kerala in 10 years as Crisil upgrades Technopark rating to 'A'

The upgrade reflects the improvement in Technoparks cash flow due to leasing of additional commercial space across its Phases 1, 3 and Technocity

40-60% haircut may help resolve Rs 1-trillion stressed power debt: CRISIL

The report by Crisil is based on assessment of 16,000 Mw power assets, which account for nearly two-thirds of stressed and operational coal-based capacities