Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
Working with a home grown professionally managed company, which has benefited from partnerships
with international leaders, gives our people a perspective that is universal as well as unique.
Value Creation
Value creation rather than size alone will be our business driver.
Preamble
Kotak Securities Limited (the Company) believes in positively contributing to the economic,
environmental and social well-being of communities through Corporate Social Responsibility
(CSR) agenda.
This policy statement sets out the Company’s vision, mission, governance, commitments and
initiatives towards implementing CSR through inclusive growth. The Company being a subsidiary
of Kotak Mahindra Bank Limited (KMBL) (“the Bank”) it shall also support KMBL in implementing
their CSR initiatives along with its other Subsidiary Companies.
Vision
To positively contribute towards economic, environmental and social well-being of communities
through Corporate Social Responsibility agenda.
Mission
Create a lasting value for communities by:
o Promoting and supporting education and other interventions for the under privileged
o Encouraging employee volunteering
o Supporting Non-Governmental Organizations and other institutions with financial and
other resources to collectively deliver community initiatives
It will take you 3 minutes to get a 2 related articles that add to your One number fact that you should
comprehensive perspective on knowledge know
financial topics
What is SOTP Valuation Method?
Analysts need to track companies to analyse their future prospects and to establish a trend. Large companies
with a diversified business portfolio operate across different sectors of the economy. They are more often called
'conglomerates'. These companies largely influence the stock markets. When analysts track a large company
like the energy giant Reliance Industries, they use a valuation method called sum of the parts or SOTP. It is a
commonly used method across the world.
Here are four things you need to know about SOTP analysis:
What is SOTP method?
Simply put, the SOTP method follows a principle of 'divide and unite'. This analysis initially values each
individual business of a diversified company. Later, all businesses are clubbed together to calculate the total
value of the diversified company. Take for instance, Reliance Industries (RIL). Main businesses of the company
are oil refining and petrochemicals. These businesses account for two thirds of their revenue and 85% of profits.
The company has also diversified into oil and gas exploration, retailing and recently telecom. The SOTP method
uses future profits of businesses for assigning a value. Kotak Securities put a SOTP value of Rs 1051 per share
for Reliance Industries businesses. This is based on expected profits at the end of financial year 2016-17.
How is it calculated?
The SOTP valuation of RIL is estimated at Rs 1051 per share for the financial year ending March 2016-17,
according to a Kotak Securities report. The valuation was estimated based on expected earnings before
interest, tax, depreciation and amortization or EBITDA each business is expected to report. Kotak Securities
expects the flagship refining business of Reliance to clock an EBITDA of Rs 27,000 crore. Our analyst gives 6.5
times multiple to this expected number. This puts the enterprise value of the flagship refining business at Rs
1,75,800 crore. This value is divided by number of shares outstanding of Reliance Industries. The SOTP value
Kotak Securities understands the importance of information to investors & also how access to right information
at the right time can aid investors in making informed decisions. Thus, we strive to bring to you Scope-
Industries-(India)-Ltd-All-Announcements from the share market so that you can analyse Scope Industries
(India) Ltd by not just its share price but also the Scope-Industries-(India)-Ltd-All-Announcements. Stay
updated with the latest stock market news & happenings with us.
Kotak Securities Ltd, a subsidiary ofKotak Mahindra Bank was founded in 1994. They offers stock broking services
and distributes financial products in India. They have 1209 branches, franchisees and satellite offices offers
services to 11.95 Lakh customers.
Brokerage: 2.4/5
Customer Service: 3.0/5