Scripscan:MVL Ltd
cmp:20
Code:532991
Story:MVL Limited engages in the development of real estate properties in India. It constructs and develops residential, commercial, hospitality, and township properties. For the audited full year, net profit rose 6.06% to Rs 16.97 crore in the year ended June 2011 as against Rs 16.00 crore during the previous year ended June 2010. Sales rose 8.12% to Rs 473.05 crore in the year ended June 2011 as against Rs 437.51 crore during the previous year ended June 2010. Its consolidated net profit fell 38.8% to Rs 2.24 crore on 4.8% growth in net sales to Rs 28.89 crore in Q3 September 2011 over Q3 September 2010.Under the high inflationary scenario interest rates would continue to be high affecting this type of companies severly.On valuation basis its still highly expensive,thus NAV would be the right way to value the company.At best its a hold at present levels.At levels of 18-20 it should find some strong support.
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