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V.S.T Tillers Tractors – short Term Investment

admin — Fri, 08 Jul 2011 13:22:38 +0000

BSE : 531266‎

CMP : 548.00

V.S.T Tillers Tractors Ltd (VTTL) was incorporated in the year 1967 in Bangalore, India. It was promoted by the V.S.T Group, a well known business house in South India, in technical collaboration and joint venture with Mitsubishi Heavy Industries and Mitsubishi Corporation, Japan for the manufacture of Power Tillers and Diesel Engines. The plant went into production in the year 1970.

The manufacturing plant is located in Whitefield Industrial area near Bangalore. It has 75,000 Sq. mtrs. of land and a built up area of 15,000 Sq. mtrs (approx). The Manufacturing capacity of the company, presently is 25,000 Power Tillers, 32,000 Engines and 5000 Tractors. This capacity can be enhanced upto 30% within a period of 6 to 8 months.

Company’s financials are strong with healthy balance sheet. The company delivered strong growth during FY06-11 with revenues CAGR of 27%. Its net profit CAGR was of 44%. EBITDA margins also expanded from 10.6% in FY06 to 16% in FY11. The company has strong balance sheet with net cash & cash equivalent to the tune of Rs 47 crore as on March 11.

VST Tillers Tractors Q4FY11 (YoY) net sales stood up 25% at Rs 129.3 crore vs Rs 103.8 crore, total expenditure stood up 29% at Rs 110 crore vs Rs 85 crore, EBITDA was flat at Rs 19.5 crore, EBITDA margins stood at 15% vs 19%, other income stood up more than double at Rs 2.93 crore vs Rs 1.4 crore and PAT stood at Rs 14.6 crore vs Rs 15 crore.

For FY11, its net sales stood up 23% at Rs 425 crore vs Rs 345 crore, total expenditure stood up 26% at Rs 360 crore vs Rs 285 crore, EBITDA stood up 9% at Rs 68 crore vs Rs 62.3 crore, EBITDA margins stood at 16% vs 18%, other income was up more than double at Rs 5.97 crore vs Rs 2.8 crore and PAT stood up 9% at Rs 46.2 crore vs Rs 42.33 crore.

Bharati Shipyard – Short Term Investment

admin — Fri, 01 Jul 2011 13:17:46 +0000

Bharati Shipyard Ltd is the foremost privately operated shipyard in terms of building facilities in India. BSL has earned its reputation by constructing a large array of specialized sophisticated vessels for diverse offshore, coastal and the marine market sectors. BSL product range includes highly maneuverable and power packed offshore vessels including AHTS, PSV’s and MSV’s of varying bollard pulls, Tractor and ASD tugs, state of the art dredgers, deep sea fishing vessels, cargo and container ships, tankers and Ro- Ro Vessels

The company has order book worries as on March 31, 2011. Its total order book has come down 9% at Rs 4635 crore vs Rs 5076 crore. Order book pending execution has halved to Rs 1,000 crore vs Rs 2252 crore.

Bharati Shipyard Q4FY11 (YoY) total revenues stood up 25% at Rs 441 crore vs Rs 352 crore, which includes subsidy revenue of Rs 94 crore vs Rs 25 crore and PAT stood up 10% at Rs 39.23 crore vs Rs 35.6 crore. EBITDA stood up 91% at Rs 157 crore vs Rs 82 crore, EBITDA margins were at 36% vs 23%. Its interest costs stood up almost 4 times at Rs 93 crore vs Rs 24 crore.

For FY11 (YoY), its total revenues stood up 17% at Rs 1581 crore vs Rs 1352 crore, owing to subsidy revenue at Rs 211 crore vs Rs 84 crore, EBITDA stood up 46% at Rs 465 crore vs Rs 319 crore, EBITDA margins stood at 29% vs 24%, interest cost was up almost 2.8 times at Rs 274 crore vs Rs 96 crore and PAT stood down 19% at Rs 113 crore vs Rs 139 crore.

bse sensex today | sensex today | bse sensex live

admin — Thu, 14 Apr 2011 02:33:05 +0000

Auto stocks closed firm today and the key gainers were Hero Honda, M&M, Maruti and Tata Motors. As per a leading business daily, auto major Tata Motors is looking to add fresh capacity for its small car Nano as it expects the Sanand plant in Gujarat to run at full capacity within a few months. At present, the company is producing 12,000 units a month and this is expected to reach full capacity at 20,000 units per month in the near term. This means that Tata Motors will have to consider fresh capacity to meet demand. The company has yet to decide whether this new capacity will be at the Sanand plant itself or at its Pantnagar plant where it used to produce Nano in limited quantities. Meanwhile, demand for the Nano appears to have gathered steam. The company expects an increase in the number of first time buyers purchasing the Nano.

Shrugging off a weak opening, Indian stock markets gained momentum thereafter led by buying activity across index heavyweights. Subsequent hours saw the indices inching upwards and this buoyancy was sustained in the final trading hour as well ensuring that the markets closed well above the dotted line. While the BSE-Sensex closed higher by around 434 points (up 2%), the NSE-Nifty closed higher by around 126 points (up 2%). The BSE Midcap and BSE Small cap also closed higher by 1% each. Gains were largely seen in FMCG, banking and auto stocks.

Binani Industries – Analyst Corner

admin — Sun, 16 May 2010 03:02:51 +0000

Binani Industries (Rs. 117) (Code : 500059)

Target Price = Rs.182 ; Time Frame = 6months ;

Market Cap = 347 crores ; Shares O/S. = 2,95,96,425

Debt/Equity Ratio = 0.52 : 1 ; 52 week High/Low = 143/47

Face Value = Rs.10 ; B.V. = Rs. 68 ; P/E = 1.9 ; P/B: 1.7

The Braj Binani Group is a well-diversified industrial house with a 136-year history behind it. Today, the group is actively working in the core sectors of Cement, Zinc, Glass Fibre and Downstream Composite Products.

Binani Industries Ltd. is essentially a holding & investment company and currently holds strategic stake in listed entity Binani Cements and various unlisted entities like Binani Zinc, Goa Glass Fibre and BT Composites. While calculating NAV of BIL we have valued

Binani Cements at Market Value and all unlisted companies like Binani zinc, Goa Glass Fibre and BT Composites at historical price as they are still unlisted. Still at CMP of Rs.117, the stock is available at 68% discount to its NAV which seems to be quite attractive. Also at this price its dividend yield is 2.54%. At the current price of Rs.117, the stock is trading at 1.7x FY11E earnings. Return for investors in these companies can be two fold driven by appreciation of its investments and decrease in discount. Holding company generally trades at discount but here what we believe is that BIL is trading at a discount much higher than its historical average of 50%. We expect the discount to decrease and move towards its historical average of 50% as investors would flock towards buying these undervalued companies, keeping in mind sharp recovery in the stock market and improved sentiments. We recommend BUY with a price target of Rs.182 (50% of Current NAV per share) given the company’s holdings in subsidiaries and future growth potential.

Glenmark Pharmaceuticals – short term investment

admin — Tue, 11 May 2010 02:41:16 +0000

Glenmark Pharma (Code : 532296) : Glenmark Pharmaceuticals‘ subsidiary Glenmark Generics has signed a licensing and supply agreement with Taro Pharmaceuticals for sale of a branded product in US. As per the terms of agreement, Glenmark will manufacture the product and Taro will distribute the product in United States. Glenmark will receive milestone payments and a royalty on sales. Also it announced a licensing arrangement with generic drug maker Par armaceutical Companies Inc., marking the second major development last week. The timing of the announcement is a shot in the arm for Glenmark’s unlisted subsidiary, Glenmark Generics Ltd. An initial public offer is on the cards for this subsidiary, with the funds being used to improve the group’s liquidity position and lower debt. The company’s equity capital is Rs 26.98 crore. Face value per share is Rs 1. Buy at this level and buy more at decline.

Geodesic – Analyst Corner

admin — Mon, 10 May 2010 02:35:26 +0000

Geodesic (Rs. 115.00)

BSE Code : 503699

Despite announcing its plans to buy back the equity, Geodesic share price didn’t react positively. Company operates in a niche area of developing various innovative products in the information, communication and entertainment space. It is widely recognized for its scalable content, contact management, presence, real-time communication and collaboration platform. The company has effectively used this platform to build and deploy innovative front-end applications, viz.Mundu Instant Messenger(IM), Mundu Radio, Mundu Speak, Mundu SMS, Montage etc for the retail segment. Using the same platform company has also developed enterprise applications viz. Content indexing and referencing, Customer Alignment Relationship Management (CARM) and real-time communication and collaboration. Thus company has built an enviable product line including – Push e-mail, interoperable IM, SMS over IP, voice over IP as part of communication stack and content delivery platform for audio and video (live streaming & on demand) over IP. Recently company also entered the voice communication space with ‘Spokn’- the definitive Internet telephony service. To accelerate its growth momentum, company follows inorganic growth route and has regularly been making various acquisition across the globe. In the last 4 years company’s topline has grown at a CAGR of nearly 90%. Even for current fiscal, with dozen of its subsidiaries it may report a consolidated revenue of Rs 625 cr and PAT of Rs 200 cr i.e. EPS of Rs 22 on the current equity of Rs 18.45 cr having face value as Rs 2/- per share. With an OPM & NPM of 50% & 30% respectively, this technology company deserve much higher valuation. However company is also having a huge FCCB outstanding of Rs 641 cr against which it is already holding liquid cash of Rs 550 cr. A good short term buy.

Sri Nachchamai Cotton Mills Ltd – BUY

admin — Tue, 04 May 2010 01:14:31 +0000

Salem based Sri Nachchamai Cotton Mills is engaged in the production of Cotton yarn, having installed capacity of
40,000 spindles. Last year, company had made losses due to lower realisation, lower demand and high raw material
prices. However,in current year, situation has changed dramatically wherein selling price of Cotton yarn have spiralled up sharply, leading to good profitability and hence, the recommendation After reporting loss last year, company has bounced back in Current Year with with EPS of Rs. 4/- for Half Year Ending Dec. 09. Cotton yarn prices have gone up further in last 2-3 months and hence, performance of H2 should be much better than H1 Current market cap of Sri Nachchamai is just Rs 10 cr whereas company is likely earn cash profit of 6.60 cr in current year alone. Further, stock is trading at: 1. 2.23xFy10E Eps 2. 1.55xFy10E Cash EPS Although Sri Nachchamai is a small player in cotton
yarn industry, still current valuations are extremely cheap. Investment in Sri Nachchamai at current levels should yield 50% appreciation in less than 9 months. Buying recommended

Financial Technologies

admin — Thu, 22 Apr 2010 03:23:10 +0000

Financial Technologies (India) (Code : 526881) jumped in negative market on reports that the company and Multi Commodity Exchange of India reduced their stakes in MCX Stock Exchange to pave the way for the launch of its stock trading platform. At the end of the divestment process that began in July 2009, investors, including 18 banks, will together hold a 90% stake in MCX Stock Exchange (MCX-SX). Promoters Financial Technologies (India) (FTIL) and Multi Commodity Exchange of India (MCX) will own 5% each. MCX-SX was in the process of completing its compliance with Securities and Exchange Board of India (Sebi)’s Manner of Increasing and Maintaining Public Shareholding in Recognised Exchanges (MIMPS) Regulations 2006 in order to start operations in other segments of the capital market, subject to regulatory approvals. FTIL and MCX have reportedly brought down their stake in MCX-SX from a combined 70% to 10%. The company, having equity capital of
just Rs. 9.22 crore is still attractive. Watch out

Free Intraday Stock Tips – 19 April 2010

admin — Mon, 19 Apr 2010 03:05:04 +0000

SHORT SELL Hindalco Industries Stop Loss 178 Target 162 SHORT SELL Cairn India Stop Loss 313 Target 286 SHORT SELL Reliance Industries Stop Loss 1120 Target 1029 SHORT SELL Jaiprakash Associates Stop Loss 153 Target 131 Related posts:Free Day Trading Stock Tips – 16 April 2010 Free Intraday Stock Tips – 13 April 2010 Free [...] Related posts:

BHEL – Portfolio Guide

admin — Fri, 16 Apr 2010 12:37:07 +0000

BHEL bottomed out by posting an intra-week low of Rs. 984.10 during the week ended 31st October 2008 The scrip launched into an intermediate uptrend, and rallied to peak at an intra-week high of Rs. 1527.65 during the week ended 14th November 2008. BHEL couldn’t sustain these levels for long, entered a corrective phase, declined to post an intra-week low of Rs. 1160.00 during the week ended 21st November 2008. The scrip commenced its uprrend from here, rallied after almost receiving support from the 05 Week EMA, once again launched into an medium term uprrend which later converted into a long term uptrend, started moving within the confines of an upward sloping channel, rallied to peak at an intra-week high of Rs. 2385.50 during the week ended 12th June 2009 only to enter a sideways corrective phase. The scrip rallied to peak at an intra-week high of Rs. 2550.00 during the week ended 17th Oct. 2009. Currently BHEL seems set to stage an upmove after what can only he described as a prolonged weekly correction, the mechanical indicators are supporting the move and with even the weekly picture looking better, a further upside from these levels cannot be ruled out.