Small & Beautiful (Guj)
Simplex Casting (76.00) is engaged in manufacturing of heavy engineering castings in various grades for industries like steel, rail, mining, cement, power and other engineering sectors. To derisk its business model company is now moving up the value chain and is venturing into the machined castings. This will improve the margins going forward and will also lead to addition of new clients which seek the machined components. For Dec qtr although its sales declined by 10% to Rs 35 cr but PAT jumped up 35% to Rs 1.90 cr. Few days back company has bagged a prestigious order worth Rs 12 cr from Indian railways for supply of coco bogies and expects to get more such order in future. Currently it has a very healthy order book position of Rs 120 cr which includes export orders worth Rs 30 cr. Interestingly it has plans to venture into project execution and turnkey business of steel plants and also intends to forward integrate into valve manufacturing business, which is a very high margin business. For FY08 it is estimated to clock a turnover of Rs 145~150 cr and PAT of Rs 8 cr i.e. EPS of Rs 13 Rs on equity of Rs 6 cr. A screaming buy at current levels.
SAAG RR Infra Limited (47.00), a subsidiary of SAAG Consolidated (M) BHD, Malaysia is engaged in execution of infrastructure projects like water and sewer works and construction of specialised buildings (industrial, commercial and residential), roads and oil & gas pipeline construction. Last year it acquired 60% stake in Techni Bharathi-Kochi which specializes in construction of roads for more than two decades. Company reported terrific nos for the Dec’07 qtr as sales jumped up 90% to Rs 22 cr whereas profit zoomed up 155% to Rs 1.75 cr posting an EPS of Rs 1.70 for the single quarter. Few months back it acquired major stake in another company called TPS Builder engaged in EPC contracts. Importantly, during the Dec qtr company has bagged good residential construction contracts worth more than Rs 50 cr from reputed builders like Purvankara, Hiranandani, Mantri Developers etc. It may end FY08 with total revenue of Rs 70 cr and profit of Rs 5 cr i.e. EPS of Rs 5 for FY08. Keep accumulating at sharp declines only.
Haldyn Glass Gujarat (76.00) is engaged in mass production of clear glass bottles and containers with a furnace capacity of 160 TPD. It basically caters to industries such as liquor, pharmaceuticals, cosmetics, beverages, processed foods etc. For Dec qtr, sales grew by only 10% to 17 cr but net profit shot up by 65% to Rs 2.65 cr on the back of higher profit margin. This works out to an EPS of almost Rs 5 for the quarter. Notably, company has the most coveted and excellent clientele with corporates like Mcdowells, Shaw Wallace, Reckitt & coleman, Parke Davis, Glaxo, Pfizer, Ranbaxy, Cadilla, Novartis etc. To capture the increasing demand of the user industry, company has installed a new furnace which is expected to become operational soon. Notably, the liquor, FMCG and pharma industries who are the main user of company’s products are on an upswing due to strong economic growth. This has resulted in substantial surge in demand for the glass bottles, vials and containers. Moreover, Haldyn is looking to explore the untapped export market as well. For FY08, it is expected to report sales of Rs 70 cr and PAT of 7.75 cr resulting into an EPS of 14 Rs on equity of 5.40 cr.
Amar Remedies (31.00) is one of the well known manufacturer of ayurvedic, herbal and cosmetic dental care, personal care, skin care, beauty care & health care products like tooth paste, toothpowder, shampoo, creams, lotions, shaving gel, balm & pain relieving ointment. Besides, it has successfully developed 24 different ayurvedic and herbal medicines and has also obtained the FDA approval for the manufacture and sale of these medicines, which include medicines for hypertension, diabetes, and heart ailments. For the latest Dec qtr it reported 60% rise in sales to Rs 72 cr but net profit increased by only 20% to 5.30 cr. Importantly, company is expecting the clearance certificate from pollution control authorities in next couple of months, post which it will start commercial production at its Dehradun facility. Accordingly for FY08 ending June 2008, it is expected to register sales of Rs 300 cr and PAT of Rs 20 cr i.e. EPS of Rs 8 on equity of Rs 26.20 cr. A strong buy at current levels
SAAG RR Infra Limited (47.00), a subsidiary of SAAG Consolidated (M) BHD, Malaysia is engaged in execution of infrastructure projects like water and sewer works and construction of specialised buildings (industrial, commercial and residential), roads and oil & gas pipeline construction. Last year it acquired 60% stake in Techni Bharathi-Kochi which specializes in construction of roads for more than two decades. Company reported terrific nos for the Dec’07 qtr as sales jumped up 90% to Rs 22 cr whereas profit zoomed up 155% to Rs 1.75 cr posting an EPS of Rs 1.70 for the single quarter. Few months back it acquired major stake in another company called TPS Builder engaged in EPC contracts. Importantly, during the Dec qtr company has bagged good residential construction contracts worth more than Rs 50 cr from reputed builders like Purvankara, Hiranandani, Mantri Developers etc. It may end FY08 with total revenue of Rs 70 cr and profit of Rs 5 cr i.e. EPS of Rs 5 for FY08. Keep accumulating at sharp declines only.
Haldyn Glass Gujarat (76.00) is engaged in mass production of clear glass bottles and containers with a furnace capacity of 160 TPD. It basically caters to industries such as liquor, pharmaceuticals, cosmetics, beverages, processed foods etc. For Dec qtr, sales grew by only 10% to 17 cr but net profit shot up by 65% to Rs 2.65 cr on the back of higher profit margin. This works out to an EPS of almost Rs 5 for the quarter. Notably, company has the most coveted and excellent clientele with corporates like Mcdowells, Shaw Wallace, Reckitt & coleman, Parke Davis, Glaxo, Pfizer, Ranbaxy, Cadilla, Novartis etc. To capture the increasing demand of the user industry, company has installed a new furnace which is expected to become operational soon. Notably, the liquor, FMCG and pharma industries who are the main user of company’s products are on an upswing due to strong economic growth. This has resulted in substantial surge in demand for the glass bottles, vials and containers. Moreover, Haldyn is looking to explore the untapped export market as well. For FY08, it is expected to report sales of Rs 70 cr and PAT of 7.75 cr resulting into an EPS of 14 Rs on equity of 5.40 cr.
Amar Remedies (31.00) is one of the well known manufacturer of ayurvedic, herbal and cosmetic dental care, personal care, skin care, beauty care & health care products like tooth paste, toothpowder, shampoo, creams, lotions, shaving gel, balm & pain relieving ointment. Besides, it has successfully developed 24 different ayurvedic and herbal medicines and has also obtained the FDA approval for the manufacture and sale of these medicines, which include medicines for hypertension, diabetes, and heart ailments. For the latest Dec qtr it reported 60% rise in sales to Rs 72 cr but net profit increased by only 20% to 5.30 cr. Importantly, company is expecting the clearance certificate from pollution control authorities in next couple of months, post which it will start commercial production at its Dehradun facility. Accordingly for FY08 ending June 2008, it is expected to register sales of Rs 300 cr and PAT of Rs 20 cr i.e. EPS of Rs 8 on equity of Rs 26.20 cr. A strong buy at current levels
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