Bajaj Steel Industries Ltd:-Buy/sell/growth prospects and recommendation,news and results,target and analysis,view and outlook,multibagger

Scripscan:Bajaj Steel Industries Ltd
cmp:90
Code:507944

Story:During the year under review,the turnover of the Company has been marginally decreased from Rs 228.22 Crores in 2009-10 to Rs 223.68 Crores in 2010 -2011 representing a fall of 2.00.%, this was due to uncertainty about cotton crop in the country. The profitability of the Company has also been affected as the profit of the Company has decreased from Rs 10.24 crores in 2009 -10 to Rs. 0.46 Crore in 2010-11.The Company's performance was affected as the Company has introduced new products in the market.The outcome of these products has started receiving some response during the Financial Year 2010 -11 and its full fledge effect is expected in next few years.Primarily, the Company is consisting two Divisions viz Steel Division and Superpack (Plastic) Division. Steel Division of the Company is having distinguished manufacturing facilities in India for Cotton Ginning & Pressing Plants located at Imambada Road and C-108, Hingana Industrial Area,Hingna,Nagpur.Recently the Company had acquired land in G-108 Butibori Industrial Estate, Nagpur (MH)where the construction of building work had been completed substantially and is expected to start the production at the earliest.Its a pretty tiny company with 2crs equity.Hopefully with the expected good numbers in coming years,the counter would be able to settle at higher price in the bourses.