Get Magazines for free

Categories

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).

Please note

Note: The artciles are not research reports but assimilation of information available on public domain and it should not be treated as a research report.

Registration status with SEBI: I am not registered with SEBI under the (Research Analyst) regulations 2014 and as per clarifications provided by SEBI: “Any person who makes recommendation or offers an opinion concerning securities or public offers only through public media is not required to obtain registration as research analyst under RA Regulations”

Disclosure: It is safe to assume that I might have the dkiscussed companies in my portfolio and hence my point of view can be biased.Readers should consult registered consultants before making any investments
.

Archives : Old artciles

Friday, August 12, 2011

Ramky Infrastructure Ltd:-Buy/sell/,growth prospects and recommendation,news and results,target price and analysis,view and outlook,multibagger

Scripscan:Ramky Infrastructure Ltd
cmp:280
Code:533262

Story:Ramky provides construction services in verticals such as water and waste water, irrigation, transportation, power, and building & industrial construction. The company started off as a construction service provider and in 2003 it has turned a developer of infrastructure projects. The construction business is the domain of Ramky Infrastructure and the development business is carried out through various subsidiaries or special purpose vehicles.About 30-40% of the total order book is from Andhra Pradesh.Recently, construction players executing irrigation projects in AP have been slowing on execution due to delay in payments.With the environment still fluid in AP the execution of the order backlog from AP might go off schedule affecting the revenue and profit.Considering streamlining its activities and concentrating on core business of construction and infrastructure development. If the company were to pursue this strategy, it may transfer some or all of its non-core businesses to appropriate entities within the promoter group.The non-core businesses that could be transferred include, among others, certain waste management projects that have been awarded to the company either alone or jointly with other entities within the promoter group, but which have been established, financed, solely operated and managed by such other entities within the promoter group.Promoter group companies such as Ramky Enviro Engineers and Ramky Estate & Farms have presence in the waste management business and real estate development activities, respectively. Even though Ramky Estates and Farms has executed a non-compete undertaking dated December 10, 2007, in favour of Ramky Infra, of late they have come together to execute realty projects where the former having greater share than Ramky Infra.Therefore, conflict of interest cannot be ruled out.The company is a relatively new entrant in the BOT road project business, having completed only one project with other one being delayed on account of want of possession of land.Hence, its execution capability has to be seen.The company is highly leveraged which can strain the financials of the company. Assistant Registrar of Companies, Hyderabad, sent a showcause notice in June 2010 to Ramky Pharma City alleging that it has provided financial assistance to its shareholders to fund the purchase its equity shares. The company has contended that it has erroneously quoted Ramky Pharma City instead of Ramky Infrastructure in the declaration of beneficial interest (i.e., Form 22B).Registered negative cash flow from operating activities for consecutive last three fiscals. The negative cash flow from operation stood at Rs 111.02 crore in FY 2010, Rs 191.12 crore in FY 2009, and Rs 201.38 crore in FY 2008.Valuation wise its at single digit PE which is comparable to its peers like patel and nagarjuna construction.At best a hold at present prices.

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: arunsharemarket@gmail.com 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.
 
x

Subscription to Arunthestocksguru

Enter your email address:

Delivered by FeedBurner