Scripscan:Maharaja Shree Umaid Mills Ltd
cmp:470
Code:530059
Premiuminvestment says:Maharaja Shree Umaid Mills is a spinning cum composite textile mill, manufacturing yarns and fabrics. This closely held company, with 74.83% stake held by the promoters, the stock is up after it announced a surprise new year gift for its shareholders – a bonus in the ratio of 2:1.Despite the bonus what is interesting to note is that the company had a net loss of Rs.6 crore for Q2FY12. A look at the half year performance indicates that the loss was big enough to wipe out its gains made in Q1 and end it in the red. For H1FY12, the company posted a net loss of Rs.5.61 crore as against the net profit of Rs.133 crore in H1FY11. The rise in the topline for first half was up 10% on a YoY but raw material cost was up 43%. But at the end of H1FY12, it was sitting on a reserves of Rs.295.36 crore. Market cap currently stands at Rs.447 crore.Liquidity is too tiny but surely after xbonus with adjusted stock price it would have some volumes.It remains a hold under the present juncture.
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.
