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Saturday, February 23, 2013

Elcid investments ltd:-10000rs investment turns 4crs in less than 18 months

Scripscan:Elcid investments ltd
Bse code:503681
LTP:2.73
Delisting proposal price:11455 rs

"Warren Buffett Quote":I never attempt to make money on the stock market.I buy on the assumption that they could close the market the next day and not reopen it for five years.

Story:The above quote finds much resemblance to the story of an unknown counter called Elcid investments.If you have invested 10000rs in elcid investments much less than couple of years ago it would have vaulted to over 4crs now(4crs 20 lakhs to be precise).The company which last traded at 2.73 rs on September 19,2011 recently announced a voluntary delisting offer at 11,455rs per share.The floor price was arrived at as per the valuation report dated February 20 of SSPA & Co, Chartered Accountants.For the financial year ended March 2012, the company reported a net profit of Rs 10.26 crore on a revenue of Rs 10.64 crore. Earnings per share for FY12 stood at Rs 512.80.Promoters presently own around 80% of the equity cap.The company boasts of  229 retail shareholders who by now are having extravagant grand celebrations.So stock market isnt that bad a place as overscrupulous brag about.Its hard to find an elcid investment but provided you are right about few basic stuff,you ought to smile big in the longer horizon. When companies are making losses,be it an existing company or a new company,investors shy away from the stock and wrongly extrapolate the current condition well into the future.So much so,that asset prices go significantly below the replacements costs.Problem is that people understand price and hardly bother about the "value" in the market.Elcid too on the first glance gets immediately dismissed but once you dig about its holding and intrinsic value,your eyes would lit up.So you see even if a company is not making profits it can well be the next success story.But thing is that you would need to have patience in clinging on to them.They can very well disappoint you bigtime with their underperformance in a good period but over the long run they would make you a hell lot wealthier.

15 comments:

Anonymous said...

I have bought jyothy labs on your recommendation.Can I add more?

punit said...

Great call on wochkhardt sir

Arun.K.Mukherjee(9804589299) said...

Jyothy labs is a probable 5-6 bagger in the next coming years.Another godrej consumer in making.

Arun.K.Mukherjee(9804589299) said...

so ya you can buy more.Make it a SIP stock

Arun.K.Mukherjee(9804589299) said...

Thanx punit..:)

Anonymous said...

tnx 4 the reply on jyothy

Anonymous said...

Any call like elcid?

Arun.K.Mukherjee(9804589299) said...

In process of finding few potential multibaggers.Would post once I make a call on them.

Anonymous said...

Nice informative blog.Keep up the good work

raghav said...

How do you see alphageo for longterm?

Vipul Gandhi said...

ELCID INVESTMENTS LTD is a promoter company of ASIAN PAINTS LTD. As per shareholding pattern on 31st December 2012, ELCID INVESTMENTS LTD along with its 100 % subsidiaries holds in total below shares in ASIAN PAINTS LTD.

SR NAME OF COMPANY / SHARES
01.Elcid Investments Ltd / 28,31,386 Shares
02.Murahar Investments And Trading Co Ltd / 5,74,367 Shares
03.Suptaswar Investments And Trading Co Ltd / 6,55,831 Shares

Thus ELCID INVESTMENTS LTD along with its 100 % subsidiaries is holding in total 40,61,584 Shares, which represents 4.234 % stake in the ASIAN PAINTS LTD.

Moreover as per annual report of 2011-12 apart the above holding of Asian Paints Ltd, ELCID INVESTMENTS LTD also holds shares in various other companies inform of Equity Shares, Preference Shares, Debentures, Mutual Funds, etc and have worthy portfolio of more than Rs 50,00,00,000 (Fifty Crores Only)

On calculating the market value of ASIAN PAINTS LTD. worth of 1 share of ELCID INVESTMENTS LTD. shall be as under

WORTH OF 1 SHARE OF ELCID INVESTMENTS LTD

= Total No. of shares holding in Asian Paints Ltd x Market Rate of Asian Paints Ltd. divided by Equity Share Capital of Elcid Investments Ltd

= 40,61,584 Shares x Rs 5,000 divided by 2,00,000 Shares

= 1,01,540/= per share

Moreover on bringing the value of its worthy portfolio into consideration, worth of Share of ELCID INVESTMENTS LTD shall be around Rs 1,10,000/= per share.

Thus promoters are only paying around 10 % of its worth.

So decide who actually gains ...... share holders or promoters ?????

Anonymous said...

Elcid has been delisted

Arun Mukherjee said...

Great point vipul.But in our country promoter spares nothing.In this case a 5 figure open offr is more than appreciable.

Anonymous said...

Could I request you to drop the 'in our country' qualification? There are far too many predatory promoters in the West. Let us not belittle our people.

Anonymous said...

Can You Please throw some light on Nath Bio Gene Share.Can I buy at CMP??What is the Target price according to you???

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