Scripscan:Essar Ports Ltd
cmp:70
Code:500630
Story:This Ruia promoted company surprised everyone with a set of blockbuster numbers. For Q2Fy12, on a YoY, the company reported an almost 10-fold rise in consolidated net profit at Rs 40.84 crore. This was mainly based on higher realisation. Its average realization currently stands at Rs 233 per tonne against Rs 174 a tonne in the last fiscal. The company handled 15.2 million tonne cargo in the first half, including 9.73 million tonne in the reporting quarter compared to 9.63 million tonne in the year-ago quarter. It plans to invest Rs 2,800 crore over the next two-and-a-half years to fund expansion. It expects to handle 43 million tonne cargo in FY13.This company was formed after it got demerged from erstwhile Essar Shipping Ports and Logistics earlier this year. This would be funded through a 3:1 debt-equity mix. The equity part of the component would be financed through internal accruals, it plans to raise offshore debt to retire high cost rupee-denominated loan, which currently stands at over Rs 5,000 crore. The company hopes to to commission all its projects that are under construction and development by March, 2014, post which, its port capacity of the company would rise from 88 million tonnes to 158 million tonnes.A hold at present levels.
Thursday, November 17, 2011
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.
