Small & Beautiful (Guj)
Panoramic Universal (65.00) derives more than 80% of revenue from hospitality business as it owns and operates five hotels in USA and a small motel in New Zealand. Here in India, it has three hotels at Shirdi, Goa and Malvan each. It even manages India’s largest discotheque as well biggest revolving entertainment lounge called ‘Area 51’ in Pune. On the back of rising ARR & occupancy level, company has implemented aggressive expansion plan and is coming up with hotels / resorts at Thane, Pune, Durgapur, Jaipur, Hyderabad, Kerala, and Goa. Earlier in May’07 its subsidiary in USA has purchased 79 acres land in Fort Drum at Watertown, New York, USA for commercial and residential project. Offlate company also made a foray into travel and tourism industry by acquiring 51% stake in Hi-Flyers Travel Services-India and 100% stake in Future Travels-USA. It has also been evaluating a real estate proposal for setting up of township in Jaipur. Besides couple of weeks ago it acquired Rishi garden resort at Panvel, Mumbai. To fund its growth plan, company is considering to raise Rs 55 cr thru 1:2 right issue @ 85 Rs per share and is also slated to come out with FCCB, QIB placement etc. For FY08 it is estimated to register total revenue of 150 cr and PAT of 36 cr i.e. EPS of 28 Rs on current equity of 6.50 cr having a face value of 5/- Rs per share. Scrip is currently available at mouth watering levels.
Most of the analysts have written off cement sector in anticipation of huge supply coming up in 2009 and more importantly government’s interference to control cement prices. Despite this, JK Lakshmi Cement (110.00) looks extremely good as all the negatives have already factored in and there is negligible downfall from current levels. For the first three quarters it has recorded 40% rise in sales to 816 cr and 75% increase in PAT to 203 cr. Interestingly, its nine month profit has already surpassed the entire FY07 profit of 178 cr by huge margin. To maintain its growth company is further expanding its capacity to 5 million from 3.4 million tonne by Oct 2008. On the other hand, it is betting high on RMC business as it has great potential along with high margins. Moreover. company has replaced high cost debts by cheaper funds to the extant of Rs 325 crores, which will reduce interest costs. Accordingly it has come out of the Corporate Debt Restructuring (CDR) purview. For FY08, it is estimated to clock a turnover of Rs 1100 cr and net profit of Rs 250 cr which translates into EPS of Rs 44 on current equity and EPS of Rs 41 on diluted equity of Rs 61 cr. For future, it is contemplating to set up a Greenfield cement plant near Bhilai, Chhattisgarh with a capacity to produce 2.5 million tonne and hence looking to apply for limestone mining lease. A screaming buy.
Accurate Transformers (104.00) is engaged in manufacturing of power as well as distribution transformers ranging from 1 MVA to 160 MVA - in up to 220 KV class. It also carries out rural electrification project which involves the complete setting up of electricity in remote areas including the laying of lines, poles and substations. Unfortunately, despite having installed capacity of more than 8000 MVA company is working at very low capacity utilization of less than 50% due to mounting debtors and shortage of funds. However on the back of ongoing boom in power sector and robust demand for transformers, situation has now improved considerably. Due to better operating efficieny and higher realization company company is expected to improve its profit margin going forward. It may even grow at CAGR of 50% for next three years as far as bottomline is concerned. On a conservative basis, it can clock a turnover of more than Rs 200 cr and PAT of Rs 8 cr for FY08. This works out to an EPS of Rs 27 on current equity of Rs 2.96 cr. As per unconfirmed reports, SEBI has halted its preferential issue of 31 lac warrants @ 56 Rs, hence now it has to go for fresh fund raising program as per SEBI guidelines. A solid bet.
To take the advantage of the increased demand of Indian pharmaceutical products in the international market, Ahlcon Parenterals (45.00) - manufacture of life saving Intravenous Fluids and medical disposals, has off late made arrangements with several international agencies for increasing the base of export markets. It has regularly adding many new foreign customers to its existing list and is putting special thrust to increase direct and indirect exports. It has already filed product dossiers in both the regulated as well as unregulated markets and the registration formalities with more than fifteen countries are in progress. Accordingly company has upgraded its production facilities to conform to latest GMP standards as per international guidelines and specific requirement of the giant pharma customers. Since the plant is working at 100% capacity utilization, company is undergoing aggressive expansion to almost triple the small volume parenteral capacity from 59 million units to 162 million units. At the same time, it will continue to produce 32 million units of large volume parenteral. As company is facing competition in domestic market, it may end FY08 with sales of 55 cr and NP of 7.50 cr i.e. EPS of 10 Rs on equity of 7.20 cr. But with new capacity becoming operational and increase revenue from exports it has the potential to report an EPS of Rs 14 for FY09. Keep accumulating at every decline.
Most of the analysts have written off cement sector in anticipation of huge supply coming up in 2009 and more importantly government’s interference to control cement prices. Despite this, JK Lakshmi Cement (110.00) looks extremely good as all the negatives have already factored in and there is negligible downfall from current levels. For the first three quarters it has recorded 40% rise in sales to 816 cr and 75% increase in PAT to 203 cr. Interestingly, its nine month profit has already surpassed the entire FY07 profit of 178 cr by huge margin. To maintain its growth company is further expanding its capacity to 5 million from 3.4 million tonne by Oct 2008. On the other hand, it is betting high on RMC business as it has great potential along with high margins. Moreover. company has replaced high cost debts by cheaper funds to the extant of Rs 325 crores, which will reduce interest costs. Accordingly it has come out of the Corporate Debt Restructuring (CDR) purview. For FY08, it is estimated to clock a turnover of Rs 1100 cr and net profit of Rs 250 cr which translates into EPS of Rs 44 on current equity and EPS of Rs 41 on diluted equity of Rs 61 cr. For future, it is contemplating to set up a Greenfield cement plant near Bhilai, Chhattisgarh with a capacity to produce 2.5 million tonne and hence looking to apply for limestone mining lease. A screaming buy.
Accurate Transformers (104.00) is engaged in manufacturing of power as well as distribution transformers ranging from 1 MVA to 160 MVA - in up to 220 KV class. It also carries out rural electrification project which involves the complete setting up of electricity in remote areas including the laying of lines, poles and substations. Unfortunately, despite having installed capacity of more than 8000 MVA company is working at very low capacity utilization of less than 50% due to mounting debtors and shortage of funds. However on the back of ongoing boom in power sector and robust demand for transformers, situation has now improved considerably. Due to better operating efficieny and higher realization company company is expected to improve its profit margin going forward. It may even grow at CAGR of 50% for next three years as far as bottomline is concerned. On a conservative basis, it can clock a turnover of more than Rs 200 cr and PAT of Rs 8 cr for FY08. This works out to an EPS of Rs 27 on current equity of Rs 2.96 cr. As per unconfirmed reports, SEBI has halted its preferential issue of 31 lac warrants @ 56 Rs, hence now it has to go for fresh fund raising program as per SEBI guidelines. A solid bet.
To take the advantage of the increased demand of Indian pharmaceutical products in the international market, Ahlcon Parenterals (45.00) - manufacture of life saving Intravenous Fluids and medical disposals, has off late made arrangements with several international agencies for increasing the base of export markets. It has regularly adding many new foreign customers to its existing list and is putting special thrust to increase direct and indirect exports. It has already filed product dossiers in both the regulated as well as unregulated markets and the registration formalities with more than fifteen countries are in progress. Accordingly company has upgraded its production facilities to conform to latest GMP standards as per international guidelines and specific requirement of the giant pharma customers. Since the plant is working at 100% capacity utilization, company is undergoing aggressive expansion to almost triple the small volume parenteral capacity from 59 million units to 162 million units. At the same time, it will continue to produce 32 million units of large volume parenteral. As company is facing competition in domestic market, it may end FY08 with sales of 55 cr and NP of 7.50 cr i.e. EPS of 10 Rs on equity of 7.20 cr. But with new capacity becoming operational and increase revenue from exports it has the potential to report an EPS of Rs 14 for FY09. Keep accumulating at every decline.
1 comment:
Dear Tourist,
Would like to warn you against some dirty and money making Cheap Resorts in and around Mumbai. I would like to share my experience in one of such Resort. The Resort named ' RISHI GARDEN RESORT' ON GOA- MUMBAI HIGHWAY NEAR KARNALA. This resort will charge you around Rs 4000 per night, it includes free entry to water park, lunch, dinner and Breafast. The location is good but the management is BAKWAS. The room are good but not maintained at all, u can see dirt and untidy housekeeping.
1. Mosquito in all rooms,
2. Improper food,
3. No one attends your phone- Reception as well as Housekeeping
4. A/c don't work.
5. You tend to be last in the queue because of day time picknickers
6. Dirty Swimming pool made more dirtier by daytime picknickers
7. TV without any channels.
8. No toilet rolls in the Toilet..
PLEASE AVOID THIS HOTEL..
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