STOCK WATCH
Genus Overseas (Code No: 530343) (Rs.83.10) is a leading manufacturer of electronic energy meters. It has a healthy order book position of more than Rs.90 cr. Besides, it has diversified its revenue stream by entering into other electronic products and solutions such as inverters/UPS, set-top box, tariff meters and energy audit. It may report an EPs of around Rs.11~12 for FY06. A strong buy at dips.
Recently Kilburn Engg (Code No: 522101) (Rs.59.90) decided to come out with a right issue in the ratio of 1:1 at Rs.25. Considering its market price of above Rs.60, it is a mini bonus! The fund will be utilized to meet the working capital requirements and the company is expected to do much better in future. It can post an EPS of Rs.6 in FY06 and Rs.10 for FY07 on its expanded equity. Grab it.
Purely on fundamentals, investors can accumulate Videocon Appliances (Code No: 500945) (Rs.26.65) for the medium term. It is into consumer durables and the white goods segment but have a healthy OPM of 16%. It posted good numbers for the quarter ending 31 March 2005. NP has zoomed by 50% to Rs.7.5 cr. compared to Rs.5 cr. last year although sales increased marginally by 4% to Rs.263 cr. For FY05 ending 30 Sept 2005, it can post an EPS of Rs.8. With a BV of Rs.74, its share price can rise by 50% in the coming bull run.
Bimetal Bearings Ltd (Code No: 505681) (Rs.291.90) belongs to the Chennai based Amalgamation group of companies and is a leading producer of thin wall bearings or engine bearings sold under the brand name-BIMITE. It has in-house fully integrated manufacturing facilities - from alloy powder and bimetallic strips to bearing shells, bushes and thrust washers. For FY05, it can report an EPS of Rs.27 which can shoot up to Rs.30~32 level for FY06. With a book value of more than Rs.250, a bonus issue can also be expected in the near future.
Few months back, Sujana Universal Industries (Code No: 517224) (Rs.23.15) commissioned facilities for the manufacture of telecom and transmission towers. Besides, it also deals in all types of bearings, light engineering components, automobile components, castings and domestic appliances. It may also come out with a ADR/GDR issue to fund its expansion plan. Recently, Schneider Electric has selected the company for development of precision engineering components. For FY05 ending 30 June 05, it may report an EPS of Rs.4, which may cross Rs.6 in FY06 on its current equity of Rs.20 cr.
In the steel sector, Stelco Strips Ltd (Code No: 513530) (Rs.26.20) looks good on further correction. It is engaged in the manufactures of Cold Rolled Steel Strips of mild steel and medium to high carbon steel. Due to strong demand and higher realization for its products its bottomline doubled to Rs.3.50 cr. while its topline increased 60% to Rs.128 cr. for FY05. It posted and EPS of Rs.5, which can rise to Rs.7 for FY06. The scrip may see a sharp rally if the metal sector revives on the bourses. Aggressive investors can take some exposure.
Recently Kilburn Engg (Code No: 522101) (Rs.59.90) decided to come out with a right issue in the ratio of 1:1 at Rs.25. Considering its market price of above Rs.60, it is a mini bonus! The fund will be utilized to meet the working capital requirements and the company is expected to do much better in future. It can post an EPS of Rs.6 in FY06 and Rs.10 for FY07 on its expanded equity. Grab it.
Purely on fundamentals, investors can accumulate Videocon Appliances (Code No: 500945) (Rs.26.65) for the medium term. It is into consumer durables and the white goods segment but have a healthy OPM of 16%. It posted good numbers for the quarter ending 31 March 2005. NP has zoomed by 50% to Rs.7.5 cr. compared to Rs.5 cr. last year although sales increased marginally by 4% to Rs.263 cr. For FY05 ending 30 Sept 2005, it can post an EPS of Rs.8. With a BV of Rs.74, its share price can rise by 50% in the coming bull run.
Bimetal Bearings Ltd (Code No: 505681) (Rs.291.90) belongs to the Chennai based Amalgamation group of companies and is a leading producer of thin wall bearings or engine bearings sold under the brand name-BIMITE. It has in-house fully integrated manufacturing facilities - from alloy powder and bimetallic strips to bearing shells, bushes and thrust washers. For FY05, it can report an EPS of Rs.27 which can shoot up to Rs.30~32 level for FY06. With a book value of more than Rs.250, a bonus issue can also be expected in the near future.
Few months back, Sujana Universal Industries (Code No: 517224) (Rs.23.15) commissioned facilities for the manufacture of telecom and transmission towers. Besides, it also deals in all types of bearings, light engineering components, automobile components, castings and domestic appliances. It may also come out with a ADR/GDR issue to fund its expansion plan. Recently, Schneider Electric has selected the company for development of precision engineering components. For FY05 ending 30 June 05, it may report an EPS of Rs.4, which may cross Rs.6 in FY06 on its current equity of Rs.20 cr.
In the steel sector, Stelco Strips Ltd (Code No: 513530) (Rs.26.20) looks good on further correction. It is engaged in the manufactures of Cold Rolled Steel Strips of mild steel and medium to high carbon steel. Due to strong demand and higher realization for its products its bottomline doubled to Rs.3.50 cr. while its topline increased 60% to Rs.128 cr. for FY05. It posted and EPS of Rs.5, which can rise to Rs.7 for FY06. The scrip may see a sharp rally if the metal sector revives on the bourses. Aggressive investors can take some exposure.
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