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

Tuesday, August 16, 2011

Cable Corporation of India Ltd:-Buy/sell/,growth prospects and recommendation,news and results,target price and analysis,view and outlook,multibagger

Scripscan:Cable Corporation of India Ltd

Story:Cable Corporation of India is an interesting play. At one time, about five-six years back they use to be a blue chip company with a good market share of about 20% plus. They are only into the power cable and in fact they have the licensee of Siemens brand to market the power cable in India. The company earlier had their manufacturing facility at Borivali in Mumbai, apart from that they have manufacturing facility in Nasik and one in Sinnar, a suburb of Nasik.The company has moved all their manufacturing facility from Borivali to Nasik and Sinnar plant. The 22 acre of land which is now at Borivali is being developed by the company and the second phase has already been launched. The total saleable area which will be available to the company will be close to about three million square feet and that is likely to get developed in next five-seven years time.However, the part flows of the property income have started getting reflected in the financial results of the company. If we see FY11, they have booked property income of about Rs 55 crore and that has resulted into the PAT reported by the company. They also have been started getting good and lucrative orders from the state electricity boards. Hence, their power cable business is likely to get vastly turnaround.The debt of the company is not very high, the market cap of the company is close to about Rs 180 crore and the net present value of the property is close to about Rs 1,500 to Rs 1,800 crore and is likely to take place in five to six years time. Over the last 18 months, the company earlier issued optionally convertible preference shares, which were all converted into the equity of the company and hence, promoters are holding close to 75% stake and apart from that even the 25% float which is held by some of them are seen as associates or maybe, the strategic investor kind of people holding close to about 12-15% stock in the company. Therefore, there is a low float with a market cap of Rs 180 crore, if you have a float of even 8-10% that translates to a market cap of less than Rs 20 crore.Taking all this revival on the core business, apart from the huge cash flow likely to accrue to the company over next two-three years time makes the stock quite attractive and I won’t be surprised to see a price of Rs 50, in next 12 months time on the stock.

Source:SP tulsian

No comments:

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