Scripscan:Surana Industries Ltd
cmp:400
Code:513597
Story:Surana Industries Limited engages in the manufacture and sale of iron and steel products in India. It offers deformed steel bars, thermo mechanically treated bars, CRS reinforcing bars, cold twisted deformed bars, heavy metal scrap, and TOR steel. The company also provides mild steel billets, ingots, and wires rods, as well as mild structurals, such as rounds, angles, channels, beams, joists, flats, plates, and squares.The difference between the basic and diluted EPS of Surana Industries is due to the outstanding FCCBs of $25 million. As per the terms of the offer, the maturity date is June 20, 2012, and the conversion price is 140. Further, if any bonds are not converted the same will be redeemed on maturity at 129.42% of the principal amount in dollars. Currently, none of the FCCBs have been converted into equity. It is likely that the dilution will happen since the current market price rules higher than the conversion price. Over the past five years the company''s sales have grown at an annual average growth rate of 71% and profits have growth 66%. Growth in the company''s dividend payouts have been in line with profit growth.A hold at present levels.
Search This Blog(Over 800 companies covered in the blog).
Archives : Old artciles
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.
