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!!! W E L C O M E !!!
In INDIA, people generally relate to stock market as “EASY MONEY” or “SATTA BAZAAR”. For them it’s purely a GAME or matter of sheer LUCK and nothing more than that. But seldom do they know, by following certain PRINCIPLES and taking INFORMED decision, this same platform has the power to take them from rags to riches. No doubt, it has a certain amount of RISK attached to it. But every business or investment has it. What more, the Finance Ministry has already made the long term capital gain as TAX FREE whereas the short term capital gain is taxed at merely 10%. On the economic front, India’s GDP is growing and is expected to grow at scorching pace of more than 8%. Unfortunately, even today our market is being ruled and dominated by FIRANGI’s money. But I can see, the day is not far when our general PUBLIC will change its perception and start putting MOST of their savings in equities as an ** Investment **.
Remember, "K N O W L E D G E" and "P A T I E N C E" are the key to success.
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SAARTHI

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Thursday, July 14, 2005

Delton Cables - Rs.49.00

Established in the year 1948, Delton Cables Ltd. (DCL) is one of the largest manufacturers of telecom and instrumentation data control cables in India. It offers total telecom solution products - from conventional telecom cables to Microwave Accessories. DCL manufactures almost all available varieties of cable from telecommunications cable to railway signalling cables, power cables, data transmission cables, house wiring cables, coaxial cables, instrumentation cables etc. Interestingly, DCL was the first private sector company to venture into Jelly Filled Cables and was the first to develop Axle Counter Cable, which ensured safety in train movements and Auto Cables, Coil Cords, Coaxial Cables and many other speciality cables for the first time in India.

Delton has modern integrated manufacturing facilities at Faridabad (Haryana), Dharuhera (Haryana) and New Delhi. It also has in-house PVC compounding, which ensures the highest quality PVC sheathing and insulation. Besides, it has a high tech wire drawing facilities and a separate unit totally devoted to Jelly Filled cables along with a wide assortment of extruders, bunchers, lying up and armouring machines. Its is also well-equipped with R&D facilities meeting the most stringent national and international standards for quality control and product development. Today, DCL is a prime supplier to the Power, Telecommunications, Railways, Steel and Mining sectors in India and has also firmly established itself in the International market. It has a huge clientele supplying its products to all biggies like Reliance, Bharti, NTPC, Tata Power, Siemens, EIL, MTNL, BHEL, BEL, BPCL, RCF, HAL etc. Moreover to increase its international presence, it has entered marketing tie-ups with various foreign firms in USA, Australia, Swedes, Australia etc.

Due to the huge expansion undertaken by telecom players and the government’s thrust on the power sector, DCL is witnessing good times. But due to the increase in copper prices, it is yet to see the best of times. For FY05, its turnover grew by nearly 80% to Rs.68 cr. and NP stood at Rs.1 cr. against a net loss of Rs.1 cr. in FY04. Notably, its OPM improved to 6% from 2% last year. Considering the future growth prospects for the cable industry, DCL can end FY06 with net sales of Rs.90 cr. and NP of Rs.3.5 cr. leading to an EPS of Rs.12 on its tiny equity of Rs.2.88 cr. Investors are recommended to buy this scrip with a price target of Rs.75 in 12 months.

Posted by RAJAT AGRAWAL / MUMBAI at Thursday, July 14, 2005

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