10000 to 4crs in 18 months 1000rs to 50crs 300% returns 75% promoter holdings A 50 bagger A sureshot 5 bagger Analysis Another fraud? Auto ancillaries Bank sector Blind sell Brand plays Broking Bse Nse Buy calls cements Ceramics/tiles Counters I don't like Debt free businesses Delisting candidates demerger bets Disclosure- I own them Domestic consumption plays E-Commerce pick Education Exit at rallies Famous analysts Famous stocks FMCG Footwear future multibaggers Gems andJewellery Hidden gems High conviction ideas High dividend plays High potential small caps High ROE stocks Holding companies Hotel sector How they looted you.. Indian stock market Infrastructure sector Interesting Microcaps IT KPO Landbank plays largecap ideas Less than 5 PE stocks Liquor Logistics Market lessons Market outlook for 2013 and 2014 Market underperformers Meeting with the CEO Metals Monopoly businesses My 5 baggers My Favourite counters My paid stock recommendations My stock picking techniques nse bse tips Oil exploration Operator calls Paints Penny stock outlook penny stock updates Pharma sector Poultry stocks PSU Publicity freaks Real estate Renewable energy plays Safe bets Sell recommendations Share market Live shipping stocks short term call SOTP plays stock tips stock under 10rs Stocks to watch out for Strong bonus candidates Takeover candidates TATA product tea Textiles The 13 bagger The 45 bagger Trading companies Transformers Turnaround bets Tyres Uncertain/Risky business models Unique businesses

Search This Blog(Over 800 companies covered in the blog).

Archives : Old artciles

Monday, January 4, 2010

Jindal Saw Ltd:Buy/sell/hold,growth prospects and recomendation,news and results,target price and analysis,views and outlook

Scripscan:Jindal Saw Ltd
Code: 500378

Story:The prospects of the company look bright. Its capacity is expected to grow by close to 30% to around 2 million tonnes over the next 2-3 years. Its diversified product portfolio — SAW (sub-merged arc welded) pipes and DI (ductile iron) pipes — helps in mitigating the demand risk arising out of a particular industry.Its operating margin at 14-15% is comparable to its industry peers. However, the company lacks raw material integration and is at a disadvantageous position compared to integrated players such as WGSL. Jindal Saw has an order book of US$750m, which gives decent revenue visibility. It added new orders of ~US$230m in 3Q CY09. The outstanding order book is skewed towards SAW pipes (70%) and DI pipes (28%).I believe the demand outlook for SAW pipes is very strong and that JSAW will be able to get new orders to improve its order book position.It’s one of those metal pipes stocks, which has gained appreciably of late. Though, earlier it was trading at a discount to its peers due to falling order book and higher exposure to overseas market. The improvement in outlook of different economies and addition of Rs 1,100 crore to order book in this month pushed the stock up. Considering the current economy recovery, it looks likely that there will be more demand for oil/gas and hence for the company’s products. Investors are advised to buy the stock for long term perspective.

Important Disclaimer&Privacy policy

This blog does not share personal information with third parties nor do we store any information about your visit to this blog other than to analyze and optimize your content and reading experience through the use of cookies.You can turn off the use of cookies at anytime by changing your specific browser settings.This privacy policy is subject to change without notice and was last updated on 20.3.2013. If you have any questions, feel free to contact me directly here: Investment in equity shares has its own risks.Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that I consider reliable. I,however,do not vouch for the accuracy or the completeness thereof.This material is for personal information and am not responsible for any loss incurred based upon it & take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations above.The stock price projections shown are not necessarily indicative of future price performance.The information herein, together with all estimates and forecasts, can change without notice.

Subscription to Arunthestocksguru

Enter your email address:

Delivered by FeedBurner