Scripscan:Hindustan Media Ventures Ltd
cmp:119
Code:533217
Story:Hindustan Media Ventures (HMVL)'s top-line grew 9% YoY to reach Rs1.4bn, below expectations wherein the Ad revenue grew at 8% YoY (sequential degrowth of 10%) to Rs1.02bn. Circulation revenue registered a healthy growth of 8%YoY (QoQ growth of 1.5%) to Rs338mn led by increased circulation copies and better realisation. Raw Material as a percentage of sales increased 193bps from 44.2% to 46.1%YoY because higher newsprint cost. OPM declined from 14.1% in Q3FY11 to 11.7% in Q3FY12.Resultant PAT declined to Rs108mn (7% de-growth YoY).The company reported Ad revenue (72% of total revenue) growth of 8% YoY to Rs1.02bn. Circulation revenue grew by 1.5% sequentially (8% YoY) to Rs338mn due to higher circulation and improved realisation. Raw material cost increased 13% YoY to Rs656mn with raw material as a percentage of sales increasing to 46.1% from 44.2% in Q3FY11 mainly due to increase in newsprint prices and higher consumption of newsprint. Other expenses were higher 22% YoY to Rs371mn due to increase in scale of operations and a one-time provision of Rs25mn for diminution in value of investment. EBITDA increased 4% YoY to Rs166mn delivering an OPM of 11.7%, 239bps lower than Q2FY11. Resultant PAT contracted 7% YoY to Rs108mn.I believe, HMVL being the fastest-growing Hindi news daily, is well entrenched to deliver revenue CAGR of 13% and PAT CAGR of 24% over FY11-FY13E.I expect the expansion in UP(the largest print market) to yield better monetisation in the coming quarters. At the CMP, the stock trades at 11xFY13E EPS.
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Tuesday, January 31, 2012
Persistent Systems Ltd:-Buy/sell/growth prospects and recommendation,news and results,target and analysis,view and outlook,multibagger
Scripscan:Persistent Systems Ltd
cmp:320
Code:533179
Story:Persistent has strategically invested significantly in higher margin IP-led business and currently spend 6.0% of its technical man month into R&D up from 5.5% in the last quarter. Its contribution to total revenues increased 160 bps sequentially to 9.2% in Q3 FY12. Going forward the company is well poised to tap the immense opportunities present in IP-led services business and thus will boost top line and provide cushion to margins. Revenue contribution from Top 1/5/10 clients declined 10/160/110 bps sequentially and stood at 15.9%/37.0%/48.3% respectively.I believe that ongoing uncertainty in the west, unstable demand environment is the biggest risk present at the moment, which can delay client decisions and impact IT spending, making it difficult for the company to maintain high growth rate in FY13E. Management too is witnessing some delays in decision making from clients (specially large deals) and believes that consolidation within some large client base can impact business. However, I believe that company's ability to maintain long term relationships with large marquee clients, significant focus on non linear revenue streams and foray into new technological areas will help the company to achieve ~15% growth in US$ terms in FY13E.i expect the company revenue and Diluted EPS to grow at 20.1% and 20.0% to Rs 12.0 bn and Rs 40.7 respectively in FY13E. For Q4 FY12E and FY13E I have assumed USD/INR rate of Rs 50. The stock currently trades at a P/E of 9.4x and 7.9x FY12E and FY13E earnings which I think is at a discount to its peers considering its high growth rate, healthy return ratios and higher margins.I maintain my "BUY" rating on the stock and give a DCF based target price of Rs 403 an upside of 25.8% from current levels.
cmp:320
Code:533179
Story:Persistent has strategically invested significantly in higher margin IP-led business and currently spend 6.0% of its technical man month into R&D up from 5.5% in the last quarter. Its contribution to total revenues increased 160 bps sequentially to 9.2% in Q3 FY12. Going forward the company is well poised to tap the immense opportunities present in IP-led services business and thus will boost top line and provide cushion to margins. Revenue contribution from Top 1/5/10 clients declined 10/160/110 bps sequentially and stood at 15.9%/37.0%/48.3% respectively.I believe that ongoing uncertainty in the west, unstable demand environment is the biggest risk present at the moment, which can delay client decisions and impact IT spending, making it difficult for the company to maintain high growth rate in FY13E. Management too is witnessing some delays in decision making from clients (specially large deals) and believes that consolidation within some large client base can impact business. However, I believe that company's ability to maintain long term relationships with large marquee clients, significant focus on non linear revenue streams and foray into new technological areas will help the company to achieve ~15% growth in US$ terms in FY13E.i expect the company revenue and Diluted EPS to grow at 20.1% and 20.0% to Rs 12.0 bn and Rs 40.7 respectively in FY13E. For Q4 FY12E and FY13E I have assumed USD/INR rate of Rs 50. The stock currently trades at a P/E of 9.4x and 7.9x FY12E and FY13E earnings which I think is at a discount to its peers considering its high growth rate, healthy return ratios and higher margins.I maintain my "BUY" rating on the stock and give a DCF based target price of Rs 403 an upside of 25.8% from current levels.
IFB Agro Industries Ltd:-Buy/sell/growth prospects and recommendation,news and results,target and analysis,view and outlook,multibagger
Scripscan:IFB Agro Industries Ltd
cmp:156
Code:507438
Story:IFB Agro Industries (IFBAIL) has produced excellent results for Q3FY12. Sales have gone up by 13.3% to Rs 121.0 crore from Rs 106.8 crore in Q3FY11. PAT advanced by 134.3% to Rs 8.2 crore from Rs 3.5 crore in Q3FY11. EPS for Q3FY11 stood at Rs 10.3 Vs Rs 4.3 in Q3FY11. During 9MFY12, net profit surged 132.7% to Rs 26.3 crore from Rs 11.3 crore in 9MFY11 on 34.1% increased sales of Rs 434.3 crore Vs Rs 323.9 crore in 9MFY11. Despite 55% reduction in other income at Rs 10.4 crore (Rs 11.3 crore) OP and NP margins stood at 10.6% and 6.1% Vs 7.5% and 3.5% respectively (YoY). 9MFY12 EPS stood at hefty Rs 32.9 Vs Rs 14.1 in 9MFY11 and Rs 22.3 in FY11.During FY11, IFBAIL's debts have come down to just Rs 4.5 crore in FY11 from burgeoning Rs 31.4 crore in FY10. The interest cost has therefore, come down. The gross block has gone up by Rs 40 crore to Rs 135.3 crore in the last 3 years. The increased bottling capacity, once the Panagarh (West Bengal) plant becomes operational will bring good opportunity to IFBAIL by way of volume growth and market share in the country liquor segment. On IMFL, IFBAIL has strengthened its position in West Bengal, Orissa and Assam. India is emerging as the largest global market for whisky, registering sales of more than 60 million cases per annum. Other spirits (Brown - Brandy/Rum, White - Gin/Vodka/Rum) constitute the rest 40% of IMFL market.Of late, white spirits, although currently placed at only 5% of the market are growing at a much faster pace of 40% p.a. as against 10-15% p.a. growth of the overall IMFL market. With a robust going,I increase EPS estimate for FY12 to Rs 42.3 from earlier projection of Rs 39.3. At the CMP of Rs 156, the share is traded at a P/E of 3.7x on FY12E.
cmp:156
Code:507438
Story:IFB Agro Industries (IFBAIL) has produced excellent results for Q3FY12. Sales have gone up by 13.3% to Rs 121.0 crore from Rs 106.8 crore in Q3FY11. PAT advanced by 134.3% to Rs 8.2 crore from Rs 3.5 crore in Q3FY11. EPS for Q3FY11 stood at Rs 10.3 Vs Rs 4.3 in Q3FY11. During 9MFY12, net profit surged 132.7% to Rs 26.3 crore from Rs 11.3 crore in 9MFY11 on 34.1% increased sales of Rs 434.3 crore Vs Rs 323.9 crore in 9MFY11. Despite 55% reduction in other income at Rs 10.4 crore (Rs 11.3 crore) OP and NP margins stood at 10.6% and 6.1% Vs 7.5% and 3.5% respectively (YoY). 9MFY12 EPS stood at hefty Rs 32.9 Vs Rs 14.1 in 9MFY11 and Rs 22.3 in FY11.During FY11, IFBAIL's debts have come down to just Rs 4.5 crore in FY11 from burgeoning Rs 31.4 crore in FY10. The interest cost has therefore, come down. The gross block has gone up by Rs 40 crore to Rs 135.3 crore in the last 3 years. The increased bottling capacity, once the Panagarh (West Bengal) plant becomes operational will bring good opportunity to IFBAIL by way of volume growth and market share in the country liquor segment. On IMFL, IFBAIL has strengthened its position in West Bengal, Orissa and Assam. India is emerging as the largest global market for whisky, registering sales of more than 60 million cases per annum. Other spirits (Brown - Brandy/Rum, White - Gin/Vodka/Rum) constitute the rest 40% of IMFL market.Of late, white spirits, although currently placed at only 5% of the market are growing at a much faster pace of 40% p.a. as against 10-15% p.a. growth of the overall IMFL market. With a robust going,I increase EPS estimate for FY12 to Rs 42.3 from earlier projection of Rs 39.3. At the CMP of Rs 156, the share is traded at a P/E of 3.7x on FY12E.
Colgate-Palmolive (India) Ltd:-Buy/sell/growth prospects and recommendation,news and results,target and analysis,view and outlook,multibagger
Scripscan:Colgate-Palmolive (India) Ltd
cmp:1000
Code:500830
Story:Colgate Palmolive (CLGT) posted 74% YoY growth in 3QFY12 PAT to INR1.16b v/s estimate of INR1.01b. Toothpaste volume growth was robust at 15%. Market share during the period December 2010-November 2011 was 52.5%. Overall volume growth was 13% for the second consecutive quarter. EBITDA margin expanded 550bp YoY as OHM (Oral Health Month) got pushed from 3Q to 4Q, resulting in 550bp decline in ad spend. 520bp lower tax rate also boosted profitability.CLGT is setting up a new toothpaste facility at Sanand in Gujarat, for which it has paid lease charges of INR426m for land.I estimate the capital cost at INR2b spread over FY12 and FY13. The company has sufficient capacity to maintain its growth trajectory till the new unit comes on stream. Competitive intensity in oral care is a major challenge for CLGT in the medium term;I note that it has been losing toothbrush market share to P&G's Oral-B in recent months. CLGT is also facing intense competition from Glaxo's Sensodyne in the super premium segment. Media reports indicate that P&G has started pilot testing of toothpaste in India, which could result in its product being launched in FY13 itself.I expect sales growth and profit margins to take a hit once P&G launches its toothpaste in India.Am raising earnings estimates by 1%, which captures the net impact of lower interest income due to capex and tax rate 100-150bp lower than the earlier estimate.I expect 12.5% PAT CAGR over FY11-13, led largely by volume growth in oral care. The stock trades at 31x FY12E and 26x FY13E EPS. Current valuations build in structural positives and are at 25% premium to the 5-year average P/E multiple. Maintain Sell with a target of 900rs.
cmp:1000
Code:500830
Story:Colgate Palmolive (CLGT) posted 74% YoY growth in 3QFY12 PAT to INR1.16b v/s estimate of INR1.01b. Toothpaste volume growth was robust at 15%. Market share during the period December 2010-November 2011 was 52.5%. Overall volume growth was 13% for the second consecutive quarter. EBITDA margin expanded 550bp YoY as OHM (Oral Health Month) got pushed from 3Q to 4Q, resulting in 550bp decline in ad spend. 520bp lower tax rate also boosted profitability.CLGT is setting up a new toothpaste facility at Sanand in Gujarat, for which it has paid lease charges of INR426m for land.I estimate the capital cost at INR2b spread over FY12 and FY13. The company has sufficient capacity to maintain its growth trajectory till the new unit comes on stream. Competitive intensity in oral care is a major challenge for CLGT in the medium term;I note that it has been losing toothbrush market share to P&G's Oral-B in recent months. CLGT is also facing intense competition from Glaxo's Sensodyne in the super premium segment. Media reports indicate that P&G has started pilot testing of toothpaste in India, which could result in its product being launched in FY13 itself.I expect sales growth and profit margins to take a hit once P&G launches its toothpaste in India.Am raising earnings estimates by 1%, which captures the net impact of lower interest income due to capex and tax rate 100-150bp lower than the earlier estimate.I expect 12.5% PAT CAGR over FY11-13, led largely by volume growth in oral care. The stock trades at 31x FY12E and 26x FY13E EPS. Current valuations build in structural positives and are at 25% premium to the 5-year average P/E multiple. Maintain Sell with a target of 900rs.
NHPC Ltd:-Buy/sell/growth prospects and recommendation,news and results,target and analysis,view and outlook,multibagger
Scripscan:NHPC Ltd
cmp:21
Code:533098
Story:NHPC reported 3QFY12 PAT of INR2.2b. Adjusted for several extraordinary/ exceptional items, PAT stood at INR2.7b (up 51% YoY), in-line with estimates.During 3QFY12, NHPC's (standalone) generation stood at 3.1BUs, up 2% YoY. Barring Loktak, all other NHPC projects reported degrowth in generation and average PLF stood at 38% v/s 37% YoY. Incentives income comprising of UI, Secondary Energy and PAF stood at INR770m v/s INR1.57b in 2QFY12 and INR1.8b in 1QFY12.NHPC has lowered its capacity addition targets for FY12 and FY13 to 313MW (v/s earlier guidance of 515MW) and 673MW (v/s 1.1GW earlier), respectively. It is facing (1) regulatory and administrative bottlenecks for some of its projects in J&K (Uri, Chutak , Nimoo Bazgoo) and Arunachal Pradesh (Subhansri Lower), and (2) environment issues at Kotle Bel. This, in our view, has further diminished visibility on capacity addition ramp-up, which is already delayed significantly. NHPC is also facing delays in receivables, and 33% of its debtors (i.e. INR9b) are 60 days old. The SEBs/discoms not paying NHPC on time include Punjab, Jaipur and Reliance Infrastructure, and account for 95% of the receivables over 60 days.I cut my FY12/FY13 estimates to factor in capacity delays, and expect NHPC to report PAT of INR17.2b in FY12 (down 1% YoY) and INR23b in FY13 (up 31% YoY). Stock trades at P/E of 13x FY12E and 10x FY13E, and P/BV of 0.9x (both years). Re-iterate Neutral.
cmp:21
Code:533098
Story:NHPC reported 3QFY12 PAT of INR2.2b. Adjusted for several extraordinary/ exceptional items, PAT stood at INR2.7b (up 51% YoY), in-line with estimates.During 3QFY12, NHPC's (standalone) generation stood at 3.1BUs, up 2% YoY. Barring Loktak, all other NHPC projects reported degrowth in generation and average PLF stood at 38% v/s 37% YoY. Incentives income comprising of UI, Secondary Energy and PAF stood at INR770m v/s INR1.57b in 2QFY12 and INR1.8b in 1QFY12.NHPC has lowered its capacity addition targets for FY12 and FY13 to 313MW (v/s earlier guidance of 515MW) and 673MW (v/s 1.1GW earlier), respectively. It is facing (1) regulatory and administrative bottlenecks for some of its projects in J&K (Uri, Chutak , Nimoo Bazgoo) and Arunachal Pradesh (Subhansri Lower), and (2) environment issues at Kotle Bel. This, in our view, has further diminished visibility on capacity addition ramp-up, which is already delayed significantly. NHPC is also facing delays in receivables, and 33% of its debtors (i.e. INR9b) are 60 days old. The SEBs/discoms not paying NHPC on time include Punjab, Jaipur and Reliance Infrastructure, and account for 95% of the receivables over 60 days.I cut my FY12/FY13 estimates to factor in capacity delays, and expect NHPC to report PAT of INR17.2b in FY12 (down 1% YoY) and INR23b in FY13 (up 31% YoY). Stock trades at P/E of 13x FY12E and 10x FY13E, and P/BV of 0.9x (both years). Re-iterate Neutral.
Saturday, January 28, 2012
Ram Ratna Wires Ltd:-Buy/sell/growth prospects and recommendation,news and results,target and analysis,view and outlook,multibagger
Scripscan:Ram Ratna Wires Ltd
cmp:34
Code:522281
Story:Ram Ratna Wires Limited engages in the manufacture and sale of winding wires and strips primarily in India. Its products include enameled aluminum winding wire, enameled copper strips, enameled copper winding wire, submersible winding wire, paper insulated wires and strips, fiber glass covered strips, and enameled fiber glass covered wires and strips. These products are used in various applications in electrical, electro-mechanical, and electronic and telecommunication equipments, as well as in UPS and relay coils.Financial Year 2010-11 was an okay year for the Company. In spite of adverse market conditions and wide fluctuations in LME rates of copper,Company put in all efforts on sale of value added products and effective cost reduction measures.Company achieved a production of 10,189 MTs insulated material altogether (ECW, ECS, SWW) through improvement in operational efficiencies.During the Financial Year 2010-11,Company posted gross Income of 49,941.54 Lacs, as against 40,567.79 Lacs in the previous year, higher by 23.11 % mainly on account of higher LME prices of copper and registered a net profit after tax of 947.14 Lacs which is lower by 19.09 % over the previous year’s net profit of 1,170.69 Lacs mainly on account of adverse market conditions.This kinda companies operates with very tiny margins of 1-2%.Business model on a whole is boring with no entry barriers.It paid a dividend of 1 re this year.Exit the counter on rallies.
cmp:34
Code:522281
Story:Ram Ratna Wires Limited engages in the manufacture and sale of winding wires and strips primarily in India. Its products include enameled aluminum winding wire, enameled copper strips, enameled copper winding wire, submersible winding wire, paper insulated wires and strips, fiber glass covered strips, and enameled fiber glass covered wires and strips. These products are used in various applications in electrical, electro-mechanical, and electronic and telecommunication equipments, as well as in UPS and relay coils.Financial Year 2010-11 was an okay year for the Company. In spite of adverse market conditions and wide fluctuations in LME rates of copper,Company put in all efforts on sale of value added products and effective cost reduction measures.Company achieved a production of 10,189 MTs insulated material altogether (ECW, ECS, SWW) through improvement in operational efficiencies.During the Financial Year 2010-11,Company posted gross Income of 49,941.54 Lacs, as against 40,567.79 Lacs in the previous year, higher by 23.11 % mainly on account of higher LME prices of copper and registered a net profit after tax of 947.14 Lacs which is lower by 19.09 % over the previous year’s net profit of 1,170.69 Lacs mainly on account of adverse market conditions.This kinda companies operates with very tiny margins of 1-2%.Business model on a whole is boring with no entry barriers.It paid a dividend of 1 re this year.Exit the counter on rallies.
Gateway Distriparks Ltd:-Buy/sell/growth prospects and recommendation,news and results,target and analysis,view and outlook,multibagger
Calls review:Gateway Distriparks Ltd
Suggested buy price:58(6.4.2009)
Present price:132
Returns:220%
Link:http://www.arunthestocksguru.com/2009/04/gateway-distriparks-ltd-outlook-and.html
Story:Scripscan:Gateway Distriparks Ltd
cmp:58
Traded in:Nse-bse
Story:Gateway Distriparks (GDL) is the largest private sector logistics service provider in the container freight station (CFS/ICD) business with a market share of 18%. With India’s containerised traffic set to double to 10 million TEU over the next five years, GDL is well-positioned to capitalise on the same.Unbridled competition in the traditional CFS business has led to a price war, which is most likely to play out for a few more quarters. Hence, margins may remain range-bound at 50%.GDL is in the right business at the right time. While opportunities are compelling, the near-term prospect for GDL is lukewarm. Hence, GDL is an investment proposition only for the long term.Valuation wise too it doesnt look amazingly attractive.Good defensive bet meant for hard-core long term investors.TRaders and short term greedy guys be better off in good high beta scrips.
Present update:Higher realisations from container freight stations (CFS) business and increasing share of high margin EXIM in rail volumes helped Gateway Distriparks to maintain its growth momentum in the September 2011 quarter. As revenues from the existing CFS are likely to remain flat in the near term, rail business would be the key growth driver for the company.The CFS segment continued to be the main contributor in profits for the company in the September 2011 quarter. It contributed 82% to the company's net profits, while rail freight and cold chain segment contributed 15% and 2% respectively.Despite a muted growth in volumes, higher realisations led to jump in revenues by 47% Y-o-Y in the CFS segment. Realisations increased primarily on account of increase in value-added services like warehousing. Volumes in the next halfyear are unlikely to increase since capacity utilisation is around 80 to 90% at its various CFSs. The company's CFS at Kochi is expected to commence operations by the end of this financial year.However, volumes at Kochi CFS are unlikely to improve in near future due to the shortage of Indian flagged vessels necessary to move cargo between coastal ports as required under Indian Cabotage Law.As a result, foreign large vessels currently prefer Colombo for transhipment to send goods to smaller Indian ports. The company is also in process of acquiring land for its new CFS at Chennai. The company expects this CFS to be operational by next eighteen months.In the rail segment, rise in volumes and higher contribution from the EXIM space increased company's net profit by Rs 5.1 crore in September 2011 quarter. The rail business had turned profitable in the third quarter of last financial year. The share of EXIM segment was 76% to the total volumes, which the company intends to increase to 80% in future.In coming months, rail volumes are set to rise as the Inland Container Depot at Faridabad commences operations next quarter. The company plans to ramp up its cold chain operations by doubling its capacity to 37,000 pallets by end FY12. This, however, will continue to remain the smallest segment for the company.Hold on to the company.
Suggested buy price:58(6.4.2009)
Present price:132
Returns:220%
Link:http://www.arunthestocksguru.com/2009/04/gateway-distriparks-ltd-outlook-and.html
Story:Scripscan:Gateway Distriparks Ltd
cmp:58
Traded in:Nse-bse
Story:Gateway Distriparks (GDL) is the largest private sector logistics service provider in the container freight station (CFS/ICD) business with a market share of 18%. With India’s containerised traffic set to double to 10 million TEU over the next five years, GDL is well-positioned to capitalise on the same.Unbridled competition in the traditional CFS business has led to a price war, which is most likely to play out for a few more quarters. Hence, margins may remain range-bound at 50%.GDL is in the right business at the right time. While opportunities are compelling, the near-term prospect for GDL is lukewarm. Hence, GDL is an investment proposition only for the long term.Valuation wise too it doesnt look amazingly attractive.Good defensive bet meant for hard-core long term investors.TRaders and short term greedy guys be better off in good high beta scrips.
Present update:Higher realisations from container freight stations (CFS) business and increasing share of high margin EXIM in rail volumes helped Gateway Distriparks to maintain its growth momentum in the September 2011 quarter. As revenues from the existing CFS are likely to remain flat in the near term, rail business would be the key growth driver for the company.The CFS segment continued to be the main contributor in profits for the company in the September 2011 quarter. It contributed 82% to the company's net profits, while rail freight and cold chain segment contributed 15% and 2% respectively.Despite a muted growth in volumes, higher realisations led to jump in revenues by 47% Y-o-Y in the CFS segment. Realisations increased primarily on account of increase in value-added services like warehousing. Volumes in the next halfyear are unlikely to increase since capacity utilisation is around 80 to 90% at its various CFSs. The company's CFS at Kochi is expected to commence operations by the end of this financial year.However, volumes at Kochi CFS are unlikely to improve in near future due to the shortage of Indian flagged vessels necessary to move cargo between coastal ports as required under Indian Cabotage Law.As a result, foreign large vessels currently prefer Colombo for transhipment to send goods to smaller Indian ports. The company is also in process of acquiring land for its new CFS at Chennai. The company expects this CFS to be operational by next eighteen months.In the rail segment, rise in volumes and higher contribution from the EXIM space increased company's net profit by Rs 5.1 crore in September 2011 quarter. The rail business had turned profitable in the third quarter of last financial year. The share of EXIM segment was 76% to the total volumes, which the company intends to increase to 80% in future.In coming months, rail volumes are set to rise as the Inland Container Depot at Faridabad commences operations next quarter. The company plans to ramp up its cold chain operations by doubling its capacity to 37,000 pallets by end FY12. This, however, will continue to remain the smallest segment for the company.Hold on to the company.
Friday, January 27, 2012
Uttam Galva Steels Ltd:-Buy/sell/growth prospects and recommendation,news and results,target and analysis,view and outlook,multibagger
Calls review:Uttam Galva Steel Ltd
Suggested buy price:29(6.4.2009)
Present price:74
Returns:250%
Link:http://www.arunthestocksguru.com/2009/04/gateway-distriparks-ltd-outlook-and.html
2)Scripscan:Uttam Galva Steel Ltd
cmp:29
Traded in:Nse-bse
Story:Uttam Galva Steel is one of the bigger independent steel processors in India.It produces value-added products from HRC, viz CR steel, galvanised steel and colour-coated sheets.The domestic demand for such value-added products is quite strong and the company plans to cater more to the domestic market. Unless there is a huge price volatility in HRC/zinc prices, mostly the processor’s margins are fixed and the company continues to earn good margins.But due to volatility in inputs like zinc, margins could suffer in the short term. For FY09-10,the growth in topline and bottomline could be high as margins are likely to remain stable.A good steel stock to own at dips.
Present update:Uttam Galva Steel presently is 35 per cent owned by Arcelor Mittal Group and is looking to grow the profitability of the company over the next quarter.The current operating profit margin (operating profit as a percentage of sales) is around 10 per cent. The company is planning to focus on cutting costs and improving the product mix.Raw material prices have come down and the company is not planning to increase value added steel product prices.Even if the company is able maintain prices at current levels, it will have a positive impact on profits.The company makes galvanised steel used in construction and automobile industry.There is little growth in demand for steel products at this juncture. There is a contraction in the apparent steel demand that industry estimates.This has pushed steel producers to cut production and reduce inventory.The company expects the next quarter to be better than the December 2011 quarter.Press reports few days ago said that the company was looking to acquire Global Steel Philippines, a distressed company. To which the management clarified that there is no interest in that business and Uttam Galva did not see any raw material or geography synergy.The company already provided 250% gain and looks good for more.Hold on.
Suggested buy price:29(6.4.2009)
Present price:74
Returns:250%
Link:http://www.arunthestocksguru.com/2009/04/gateway-distriparks-ltd-outlook-and.html
2)Scripscan:Uttam Galva Steel Ltd
cmp:29
Traded in:Nse-bse
Story:Uttam Galva Steel is one of the bigger independent steel processors in India.It produces value-added products from HRC, viz CR steel, galvanised steel and colour-coated sheets.The domestic demand for such value-added products is quite strong and the company plans to cater more to the domestic market. Unless there is a huge price volatility in HRC/zinc prices, mostly the processor’s margins are fixed and the company continues to earn good margins.But due to volatility in inputs like zinc, margins could suffer in the short term. For FY09-10,the growth in topline and bottomline could be high as margins are likely to remain stable.A good steel stock to own at dips.
Present update:Uttam Galva Steel presently is 35 per cent owned by Arcelor Mittal Group and is looking to grow the profitability of the company over the next quarter.The current operating profit margin (operating profit as a percentage of sales) is around 10 per cent. The company is planning to focus on cutting costs and improving the product mix.Raw material prices have come down and the company is not planning to increase value added steel product prices.Even if the company is able maintain prices at current levels, it will have a positive impact on profits.The company makes galvanised steel used in construction and automobile industry.There is little growth in demand for steel products at this juncture. There is a contraction in the apparent steel demand that industry estimates.This has pushed steel producers to cut production and reduce inventory.The company expects the next quarter to be better than the December 2011 quarter.Press reports few days ago said that the company was looking to acquire Global Steel Philippines, a distressed company. To which the management clarified that there is no interest in that business and Uttam Galva did not see any raw material or geography synergy.The company already provided 250% gain and looks good for more.Hold on.
APL Apollo Tubes Ltd:-Buy/sell/growth prospects and recommendation,news and results,target and analysis,view and outlook,multibagger
Calls review:APL Apollo Tubes Ltd
Suggested buy price:38(6.4.2009)
Present price:157
Returns:415%
Link:http://www.arunthestocksguru.com/2009/04/gateway-distriparks-ltd-outlook-and.html
Story:Scripscan:Bihar Tubes Ltd(APL Apollo Tubes Ltd)
cmp:38
Code:590059
Story:Bihar Tubes is a leading manufacturer of galvanised steel tubes, structural pipes, black pipes and pre-galvanised pipes. The company operates in a steel tubes industry which is likely to grow 30-35% in the coming years due to the government’s thrust on infrastructure development.The company has been looking to cash in on this opportunity and is expanding its production facilities to a significant extent. Bihar Tubes has been making structural shifts in the production of pipes and is diversifying into specialty pipes manufacturing.The structural shift in products by entering into specialty products will allow the company to increase its operating profit margins to rise in the coming years.Its quoting at an attractive valuations and investors would do well to hold the counter as of now.
Present update:APL Apollo Tubes Ltd is the new name of Bihar tubes.As can be seen under the immense tough condition in stock market the company has provided an amazing 415% returns.Financially too numbers are getting just better and better.Ride the momentum and hold on for more future gains.
Suggested buy price:38(6.4.2009)
Present price:157
Returns:415%
Link:http://www.arunthestocksguru.com/2009/04/gateway-distriparks-ltd-outlook-and.html
Story:Scripscan:Bihar Tubes Ltd(APL Apollo Tubes Ltd)
cmp:38
Code:590059
Story:Bihar Tubes is a leading manufacturer of galvanised steel tubes, structural pipes, black pipes and pre-galvanised pipes. The company operates in a steel tubes industry which is likely to grow 30-35% in the coming years due to the government’s thrust on infrastructure development.The company has been looking to cash in on this opportunity and is expanding its production facilities to a significant extent. Bihar Tubes has been making structural shifts in the production of pipes and is diversifying into specialty pipes manufacturing.The structural shift in products by entering into specialty products will allow the company to increase its operating profit margins to rise in the coming years.Its quoting at an attractive valuations and investors would do well to hold the counter as of now.
Present update:APL Apollo Tubes Ltd is the new name of Bihar tubes.As can be seen under the immense tough condition in stock market the company has provided an amazing 415% returns.Financially too numbers are getting just better and better.Ride the momentum and hold on for more future gains.
Tuesday, January 24, 2012
Zuari Industries Ltd:-Buy/sell/growth prospects and recommendation,news and results,target and analysis,view and outlook,multibagger
Scripscan:Zuari Industries Ltd
cmp:430
Code:500780
Story:Recently, Zuari, in joint venture with Mitsubishi Corporation, acquired a 30% stake in Peruvian mine Fospac for 230 crore for assured supply of phosphate rock- the main feedstock for di-ammonium phosphate (DAP). Fospac?s annual rock phosphate production is expected to reach 2.5 million tonne by 2015, half of which will come to Zuari. The company plans to set up a 1 million tonne DAP plant at Karwar in Karnataka with a capex of 750 crore.In mid August 2011 the company finalised a contract to source potash feed, which will help the company grow its revenue and profit.Recently, Zuari also signed a gas-supply agreement with GAIL for 0.4 million tonnes urea plant at Zuarinagar. With fuel supply expected to start from January 2012, the company?s annual urea production capacity will grow 10% to 441000 tonnes. This is likely to attract an additional margin of 3,000 a tonne, which means an additional profit of 12.6 crore.The company also has plans to set up 1.3 million tonne gasbased urea plant at Belgaum in Karnataka at a cost of 5,000 crore by 2015-16. The Dabhol-Bangalore gas pipeline project may supply the project with natural gasDuring the first half of FY12, Zuari's performance was impacted by a 63-day long disruption in urea production and a 20-day break in phosphatic and potassic fertiliser production during the September 2011 quarter following a fire accident.These led to a 15% fall in the total sales volume of the company to 0.94 million tonnes compared with a year-ago period. Consequently, Zuari?s top-line also fell 1.2% to 2,995 crore on a standalone basis and bottomline dropped 27% to 80 crore. Operating profit margins were down 130 basis points to 3.3%. Zuari could complete only 40% of its annual target of 0.4 million tonne of urea production during the first half due to plant shutdown. The company expects to make up for the shortfall in the remaining two quarters. Also, as on September 30, 2011, the company had a builtup inventory of over 1,300 crore which is expected to liquidate with the resumption of operation at the plants.At the current market price of 430, the stock trades at nearly nine times its earnings for the trailing 12 months. Industry rivals such as Coromandel International and Gujarat State Fertilizes Corporation are currentlytrading at 11 and 4.1, respectively.
cmp:430
Code:500780
Story:Recently, Zuari, in joint venture with Mitsubishi Corporation, acquired a 30% stake in Peruvian mine Fospac for 230 crore for assured supply of phosphate rock- the main feedstock for di-ammonium phosphate (DAP). Fospac?s annual rock phosphate production is expected to reach 2.5 million tonne by 2015, half of which will come to Zuari. The company plans to set up a 1 million tonne DAP plant at Karwar in Karnataka with a capex of 750 crore.In mid August 2011 the company finalised a contract to source potash feed, which will help the company grow its revenue and profit.Recently, Zuari also signed a gas-supply agreement with GAIL for 0.4 million tonnes urea plant at Zuarinagar. With fuel supply expected to start from January 2012, the company?s annual urea production capacity will grow 10% to 441000 tonnes. This is likely to attract an additional margin of 3,000 a tonne, which means an additional profit of 12.6 crore.The company also has plans to set up 1.3 million tonne gasbased urea plant at Belgaum in Karnataka at a cost of 5,000 crore by 2015-16. The Dabhol-Bangalore gas pipeline project may supply the project with natural gasDuring the first half of FY12, Zuari's performance was impacted by a 63-day long disruption in urea production and a 20-day break in phosphatic and potassic fertiliser production during the September 2011 quarter following a fire accident.These led to a 15% fall in the total sales volume of the company to 0.94 million tonnes compared with a year-ago period. Consequently, Zuari?s top-line also fell 1.2% to 2,995 crore on a standalone basis and bottomline dropped 27% to 80 crore. Operating profit margins were down 130 basis points to 3.3%. Zuari could complete only 40% of its annual target of 0.4 million tonne of urea production during the first half due to plant shutdown. The company expects to make up for the shortfall in the remaining two quarters. Also, as on September 30, 2011, the company had a builtup inventory of over 1,300 crore which is expected to liquidate with the resumption of operation at the plants.At the current market price of 430, the stock trades at nearly nine times its earnings for the trailing 12 months. Industry rivals such as Coromandel International and Gujarat State Fertilizes Corporation are currentlytrading at 11 and 4.1, respectively.
Kilburn Office Automation Ltd:-Buy/sell/growth prospects and recommendation,news and results,target and analysis,view and outlook,multibagger
Scripscan:Kilburn Office Automation Ltd
cmp:6
Code:523218
Story:The Company is engaged in Sales & Marketing of diverse range of Office Automation Products. The Company also provides after Sales Service support.It operates in three Principal Product segments viz. Document Management Products / Solutions, Mailing Products & Banking Products. The range of products, under each of these Product Groups are constantly reviewed and undergo change depending on market needs. However, though there is restructuring of Products within the Group to target market needs, it is observed that the Industry growth in the recent past has been around 15 – 20% per annum due to impact of global recession and other conditions.However,due to various initiatives taken by the Government, as also the rapid technological strides made in the area of IT & Communications,there is sufficient potential for growth for the Company’s Products.The major advantage of the Company is its excellent tie – ups on all Product segments. All its Principals are specialized global leaders with niche product range.Further more, all the Principals have Indian operations by way of direct presence in India and work in close conjunction with the Company. This helps to identify market opportunities
faster and target such markets aggressively in close time frames. The Company in recent past has launched an array of advanced Products like RFMS Digital Franking Machines, Note Banding Machines etc.The company reported sales of 55crs and profit of only 56 lakhs for fy11.This year management expects better outcome as far the PAT numbers are concerned.Future quarter performance would dictate its price trend in the bourses.
cmp:6
Code:523218
Story:The Company is engaged in Sales & Marketing of diverse range of Office Automation Products. The Company also provides after Sales Service support.It operates in three Principal Product segments viz. Document Management Products / Solutions, Mailing Products & Banking Products. The range of products, under each of these Product Groups are constantly reviewed and undergo change depending on market needs. However, though there is restructuring of Products within the Group to target market needs, it is observed that the Industry growth in the recent past has been around 15 – 20% per annum due to impact of global recession and other conditions.However,due to various initiatives taken by the Government, as also the rapid technological strides made in the area of IT & Communications,there is sufficient potential for growth for the Company’s Products.The major advantage of the Company is its excellent tie – ups on all Product segments. All its Principals are specialized global leaders with niche product range.Further more, all the Principals have Indian operations by way of direct presence in India and work in close conjunction with the Company. This helps to identify market opportunities
faster and target such markets aggressively in close time frames. The Company in recent past has launched an array of advanced Products like RFMS Digital Franking Machines, Note Banding Machines etc.The company reported sales of 55crs and profit of only 56 lakhs for fy11.This year management expects better outcome as far the PAT numbers are concerned.Future quarter performance would dictate its price trend in the bourses.
Universal Starch Chem Allied Ltd:-Buy/sell/growth prospects and recommendation,news and results,target and analysis,view and outlook,multibagger
Scripscan:Universal Starch Chem Allied Ltd
cmp:17
Code:524408
Story:Universal Starch-Chem Allied Limited engages in the manufacture and sale of starches and their derivatives, and liquid glucose and other by-products primarily in India. The company’s products include maize starch powder; unigel, a pregelatinised starch; liquid glucose, utexlose, a thin boiling starch; white dextrin, a hydrolyzed starch; unisol, an oxidized starch; dextrose monohydrates; dextrose anhydrous; dextrose syrups; maltose corn syrups; caramel, a food color; maize germs; maize germ oil cakes; maize gluten, a high protein substance; maize refined oils; oxidized starches; cationic starches; esterified starches; and amphoteric starches. Its products are primarily used in food, paper, textile, pharmaceutical, and confectionary industries. The company also involves in wind power generation.Starch Industry has a very bright future and with national G.D.P. rising it offers an immense opportunity for development in its application in various user industry.The company has returned to black in fy11 and has reported a profit of 2crs vs a mere 25 lakh in fy10.Revenues too increased to 128crs in fy11 vs only 90crs in fy10.Company is further expected to perform well in the coming quarters.Keep the stock in your radar folks.
cmp:17
Code:524408
Story:Universal Starch-Chem Allied Limited engages in the manufacture and sale of starches and their derivatives, and liquid glucose and other by-products primarily in India. The company’s products include maize starch powder; unigel, a pregelatinised starch; liquid glucose, utexlose, a thin boiling starch; white dextrin, a hydrolyzed starch; unisol, an oxidized starch; dextrose monohydrates; dextrose anhydrous; dextrose syrups; maltose corn syrups; caramel, a food color; maize germs; maize germ oil cakes; maize gluten, a high protein substance; maize refined oils; oxidized starches; cationic starches; esterified starches; and amphoteric starches. Its products are primarily used in food, paper, textile, pharmaceutical, and confectionary industries. The company also involves in wind power generation.Starch Industry has a very bright future and with national G.D.P. rising it offers an immense opportunity for development in its application in various user industry.The company has returned to black in fy11 and has reported a profit of 2crs vs a mere 25 lakh in fy10.Revenues too increased to 128crs in fy11 vs only 90crs in fy10.Company is further expected to perform well in the coming quarters.Keep the stock in your radar folks.
Samrat Pharmachem Ltd:-Buy/sell/growth prospects and recommendation,news and results,target and analysis,view and outlook,multibagger
Scripscan:Samrat Pharmachem Ltd
cmp:40
Code:530125
Story:At the start I would like to insist that I am neither recommending a buy nor sell for this microcap, nor am I invested in it as yet. I would briefly mention this commodity stock for your later research.Fortunes turn about-face as the change of weather on shore side with commodities. I have never believed in any metal including Gold, its utility to me is only in times of war, to carry something precious in pockets when a country is ravaged. Despite out performance of this metal in past decade the odds are completely stacked against this non-thinking, nor productive asset, last two hundred year of results stand up for even TIPS and vouch the superiority of equities.A commodity nevertheless, backed by able men has distinct advantage over bare metal. Hence the openness to invest in commodity miners and manufacturers. A microcap such as this, or Sandur Manganese, SELAN etc are infinitely superior investments to investing in rarest of rarest metals like Platinum, Rhodium etc. I firmly believe there will be no money left to make in coming decades in any commodity, only technology will be the saviour. Majority of resources including metals, iron, crude oil etc. will all be over in any case by the end of the century at humble 1-2% growth rate assumption. Iodine is a 15,000 tonne industry globally out of which 2.5 - 3% of Global output is contributed by Samrat Pharmachem. Recent out performance is a consequence of global turnaround. Other players that produce Iodine and its derivatives in India are:G. Amphray Laboratories, Calibre Chemicals Pvt Limited, Salvi Chemical Industries,Vishal Laboratories, Champa Purie-Chem Industries, Shree Bhavani Iodates, Adani Pharmachem Pvt Limited, Canton Laboratories Pvt Limited, Micron Laboratories,Prachi Pharmaceuticals Pvt Limited, Omkar Speciality Chemicals Pvt Limited, Samrat Remedies Limited, Triveni Chemicals and IRIS Pharmachem - quite a few one would say.Global Leaders in this domain include: Ajay-SQM,Deepwater Chemical Inc,IodiTech,Troy Corporation,Cosayach - Chile,Atacama - Chile,Ise Chemicals - Japan.Godo Shigen Sangyo - Japan.World reserves exceed 15 million tonnes, i.e 1000 years worth of supply, hence there is no shortfall. In addition to above reserves, Iodine can be extracted from sea weeds which contain 0.05 PPM or at current sea weed stockpile 34 million tonnes. Recent demand of Iodine was propelled by LCD display and X-Ray contrast media. Like any cyclical stock, this will reward or misbehave with your money, hinges on how correctly cycle is timed.
Source:Amit arora
cmp:40
Code:530125
Story:At the start I would like to insist that I am neither recommending a buy nor sell for this microcap, nor am I invested in it as yet. I would briefly mention this commodity stock for your later research.Fortunes turn about-face as the change of weather on shore side with commodities. I have never believed in any metal including Gold, its utility to me is only in times of war, to carry something precious in pockets when a country is ravaged. Despite out performance of this metal in past decade the odds are completely stacked against this non-thinking, nor productive asset, last two hundred year of results stand up for even TIPS and vouch the superiority of equities.A commodity nevertheless, backed by able men has distinct advantage over bare metal. Hence the openness to invest in commodity miners and manufacturers. A microcap such as this, or Sandur Manganese, SELAN etc are infinitely superior investments to investing in rarest of rarest metals like Platinum, Rhodium etc. I firmly believe there will be no money left to make in coming decades in any commodity, only technology will be the saviour. Majority of resources including metals, iron, crude oil etc. will all be over in any case by the end of the century at humble 1-2% growth rate assumption. Iodine is a 15,000 tonne industry globally out of which 2.5 - 3% of Global output is contributed by Samrat Pharmachem. Recent out performance is a consequence of global turnaround. Other players that produce Iodine and its derivatives in India are:G. Amphray Laboratories, Calibre Chemicals Pvt Limited, Salvi Chemical Industries,Vishal Laboratories, Champa Purie-Chem Industries, Shree Bhavani Iodates, Adani Pharmachem Pvt Limited, Canton Laboratories Pvt Limited, Micron Laboratories,Prachi Pharmaceuticals Pvt Limited, Omkar Speciality Chemicals Pvt Limited, Samrat Remedies Limited, Triveni Chemicals and IRIS Pharmachem - quite a few one would say.Global Leaders in this domain include: Ajay-SQM,Deepwater Chemical Inc,IodiTech,Troy Corporation,Cosayach - Chile,Atacama - Chile,Ise Chemicals - Japan.Godo Shigen Sangyo - Japan.World reserves exceed 15 million tonnes, i.e 1000 years worth of supply, hence there is no shortfall. In addition to above reserves, Iodine can be extracted from sea weeds which contain 0.05 PPM or at current sea weed stockpile 34 million tonnes. Recent demand of Iodine was propelled by LCD display and X-Ray contrast media. Like any cyclical stock, this will reward or misbehave with your money, hinges on how correctly cycle is timed.
Source:Amit arora
Monday, January 23, 2012
T. Spiritual World Ltd:-Buy/sell/growth prospects and recommendation,news and results,target and analysis,view and outlook,multibagger
Scripscan:T.Spiritual World Ltd
cmp:2
Code:532444
Story:T. Spiritual World Ltd. provides wellness products and services to individual and corporate customers primarily in India. Its wellness products include astrology products, such as yantras, gemstones, rudraksh, and horoscopes; aromatherapy candles; acupressure instruments; yoga accessories; books, CDs, and audio cassettes; and feng shui items, as well as health and fitness products consisting of yoga mats and kits. The company’s wellness services comprise yoga sessions for individuals, groups, and corporate customers; acupressure and sujok treatments; stress management for corporate customers; astrology and vaastu consultations; health, diet, and lifestyle counseling; naturopathy prescriptions; and health and wellness camps. It also provides software development and Web designing services, including IT and computer training, Internet and Web development, and software development. In addition, T. Spiritual World operates a wellness centre, which comprises yoga studio, wellness store, and therapy clinic. The company was formerly known as Shree Shubhlabh Infoline.Com Ltd. and changed its name to T. Spiritual World Ltd. in November 2002.While chatting with the management concerned this is what the quintessence came.Company has successfully executed orders and foresees a large business opportunity in the area of Managed Services.With skilled manpower,years of experience, database and applications, the company is now offering its Managed Services to medium and large organisations.The company has already diversified into the spirituality sector and intends to set-up various business divisions. But,looking at the current economic scenario of the country, the company intends to go slow in setting up its various divisions. Wellness is a capital intensive business.Overall future of wellness sector shall remain positive but with certain restrictions."Spirituality sector"-Never knew before such a 'sector' exist at all in our country.To me its a total hodgepodge directionless company with no prospects at all.So move on to better ones.
cmp:2
Code:532444
Story:T. Spiritual World Ltd. provides wellness products and services to individual and corporate customers primarily in India. Its wellness products include astrology products, such as yantras, gemstones, rudraksh, and horoscopes; aromatherapy candles; acupressure instruments; yoga accessories; books, CDs, and audio cassettes; and feng shui items, as well as health and fitness products consisting of yoga mats and kits. The company’s wellness services comprise yoga sessions for individuals, groups, and corporate customers; acupressure and sujok treatments; stress management for corporate customers; astrology and vaastu consultations; health, diet, and lifestyle counseling; naturopathy prescriptions; and health and wellness camps. It also provides software development and Web designing services, including IT and computer training, Internet and Web development, and software development. In addition, T. Spiritual World operates a wellness centre, which comprises yoga studio, wellness store, and therapy clinic. The company was formerly known as Shree Shubhlabh Infoline.Com Ltd. and changed its name to T. Spiritual World Ltd. in November 2002.While chatting with the management concerned this is what the quintessence came.Company has successfully executed orders and foresees a large business opportunity in the area of Managed Services.With skilled manpower,years of experience, database and applications, the company is now offering its Managed Services to medium and large organisations.The company has already diversified into the spirituality sector and intends to set-up various business divisions. But,looking at the current economic scenario of the country, the company intends to go slow in setting up its various divisions. Wellness is a capital intensive business.Overall future of wellness sector shall remain positive but with certain restrictions."Spirituality sector"-Never knew before such a 'sector' exist at all in our country.To me its a total hodgepodge directionless company with no prospects at all.So move on to better ones.
Bajaj Steel Industries Ltd:-Buy/sell/growth prospects and recommendation,news and results,target and analysis,view and outlook,multibagger
Scripscan:Bajaj Steel Industries Ltd
cmp:90
Code:507944
Story:During the year under review,the turnover of the Company has been marginally decreased from Rs 228.22 Crores in 2009-10 to Rs 223.68 Crores in 2010 -2011 representing a fall of 2.00.%, this was due to uncertainty about cotton crop in the country. The profitability of the Company has also been affected as the profit of the Company has decreased from Rs 10.24 crores in 2009 -10 to Rs. 0.46 Crore in 2010-11.The Company's performance was affected as the Company has introduced new products in the market.The outcome of these products has started receiving some response during the Financial Year 2010 -11 and its full fledge effect is expected in next few years.Primarily, the Company is consisting two Divisions viz Steel Division and Superpack (Plastic) Division. Steel Division of the Company is having distinguished manufacturing facilities in India for Cotton Ginning & Pressing Plants located at Imambada Road and C-108, Hingana Industrial Area,Hingna,Nagpur.Recently the Company had acquired land in G-108 Butibori Industrial Estate, Nagpur (MH)where the construction of building work had been completed substantially and is expected to start the production at the earliest.Its a pretty tiny company with 2crs equity.Hopefully with the expected good numbers in coming years,the counter would be able to settle at higher price in the bourses.
cmp:90
Code:507944
Story:During the year under review,the turnover of the Company has been marginally decreased from Rs 228.22 Crores in 2009-10 to Rs 223.68 Crores in 2010 -2011 representing a fall of 2.00.%, this was due to uncertainty about cotton crop in the country. The profitability of the Company has also been affected as the profit of the Company has decreased from Rs 10.24 crores in 2009 -10 to Rs. 0.46 Crore in 2010-11.The Company's performance was affected as the Company has introduced new products in the market.The outcome of these products has started receiving some response during the Financial Year 2010 -11 and its full fledge effect is expected in next few years.Primarily, the Company is consisting two Divisions viz Steel Division and Superpack (Plastic) Division. Steel Division of the Company is having distinguished manufacturing facilities in India for Cotton Ginning & Pressing Plants located at Imambada Road and C-108, Hingana Industrial Area,Hingna,Nagpur.Recently the Company had acquired land in G-108 Butibori Industrial Estate, Nagpur (MH)where the construction of building work had been completed substantially and is expected to start the production at the earliest.Its a pretty tiny company with 2crs equity.Hopefully with the expected good numbers in coming years,the counter would be able to settle at higher price in the bourses.
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