STOCK WATCH
As stated in earlier issues, Indsil Electrosmelts posted impressive Q3 numbers ending Dec 2004. Its Net Sales went up by 35 per cent to Rs19.60 cr. and NP stood at Rs4.03 cr. compared to Rs2 lakh last year resulting in quarterly EPS of Rs4.25. For the nine months period of FYO5, it has already registered an EPS of Rs8 and its share price has the potential to cross Rs80 gradually.
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Although IPCL’s total revenue was down 30 per cent to Rs1964 cr., its NP was up 133 per cent to Rs189 cr. due to lower interest cost and better margins. Its OPM for current quarter was up at 22 per cent compared to 13 per cent last year. For the nine months period ending 31 December 2004, it has already posted an EPS of more than Rs18 and for full year it can post more than Rs24. Accumulate it at every dip irrespective of the dispute between the Ambani brothers.
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Although IPCL’s total revenue was down 30 per cent to Rs1964 cr., its NP was up 133 per cent to Rs189 cr. due to lower interest cost and better margins. Its OPM for current quarter was up at 22 per cent compared to 13 per cent last year. For the nine months period ending 31 December 2004, it has already posted an EPS of more than Rs18 and for full year it can post more than Rs24. Accumulate it at every dip irrespective of the dispute between the Ambani brothers.
Mahindra Ugine has once again come out with good numbers and its margins are improving quarter after quarter. For the 3rd quarter ending 31Dec. 2004, its Net Sales grew 40 per cent to Rs132 cr. and NP increased by 6 times to Rs13.80 cr. yielding a quarterly EPS of Rs4.5. It is expected to clock an EPS of Rs15 for FY05 and its share price can cross Rs120 in the next 6 months.
A few weeks back, Gujarat NRE Coke declared 1:1 bonus and 15 per cent dividend. It has continued to post excellent numbers and maintained its margin in the December quarter as well. Its topline grew by 88 per cent whereas the bottomline multiplied 5 times to Rs30 cr. resulting in an EPS of over Rs 6 on its current equity of Rs47.16 cr. Marketmen expect it to trade at Rs120 ex-bonus. Grab it cum bonus before its too late.
A few weeks back, Gujarat NRE Coke declared 1:1 bonus and 15 per cent dividend. It has continued to post excellent numbers and maintained its margin in the December quarter as well. Its topline grew by 88 per cent whereas the bottomline multiplied 5 times to Rs30 cr. resulting in an EPS of over Rs 6 on its current equity of Rs47.16 cr. Marketmen expect it to trade at Rs120 ex-bonus. Grab it cum bonus before its too late.
In spite of strong fundamentals and a bright future ahead, Jindal Stainless is trading quite cheap. It came out with good numbers for December quarter and declared 60 per cent dividend. Its sales increased by 44 per cent to Rs847 cr. and NP was up 40 per cent to Rs66.40 cr. For the full year FY05, it can report an EPS of more than Rs20. Trading at 4~5 PE level, this scrip offers ample scope of appreciation with limited downward risk.
Uttam Galva has again declared splendid numbers. Sales doubled to Rs525 cr. and NP multiplied 8 times to Rs25 cr. resulting in a quarterly EPS of more than Rs3. It has ambitious expansion plans and its OPM is expected to improve going forward. For FY05, it can register an EPS of around Rs12. It’s a screaming buy at current PE of 3 and has the potential to double in the next 12 months.
Hanil Era has chalked out a Rs50 cr. modernisation cum expansion plan and is installing weaving unit at its facilities in Patalganga with 72 looms initially and will add another 50 by the next fiscal and intends to venture into terry towels also. For FY05, it is expected to post an EPS of Rs4. It’s a long term call.
Uttam Galva has again declared splendid numbers. Sales doubled to Rs525 cr. and NP multiplied 8 times to Rs25 cr. resulting in a quarterly EPS of more than Rs3. It has ambitious expansion plans and its OPM is expected to improve going forward. For FY05, it can register an EPS of around Rs12. It’s a screaming buy at current PE of 3 and has the potential to double in the next 12 months.
Hanil Era has chalked out a Rs50 cr. modernisation cum expansion plan and is installing weaving unit at its facilities in Patalganga with 72 looms initially and will add another 50 by the next fiscal and intends to venture into terry towels also. For FY05, it is expected to post an EPS of Rs4. It’s a long term call.
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