STOCK WATCH
Shrachi Infrastruture Finance Ltd (Code No: 511591) (Rs.43) offers a wide range of financial products and services from financing passenger cars and light commercial vehicles to heavy commercial vehicles and importantly construction equipment. It operates through 57 branches covering 12 major states and has a consortium of 12 banks led by Bank of Baroda. It’s a professionally managed company with NPA level of around 1.50% only against the industry average of more than 5%. For FY05, it gave 15% dividend, which means a dividend yield of around 3.50%. Earlier, it made preferential allotment of 19 lakh share warrants @ Rs.53 per shares to promoters and others. For FY06, it is estimated to register total revenue of Rs.30 cr. and NP of Rs.9 cr., which leads to an EPS of Rs.9 on its diluted equity of Rs.10.40 cr. A strong buy with minimal downward risk.
Last week, Hazoor Media and Power Ltd (Code No: 532467) (Rs11) came out with its result for the qtr. ending 28 Feb. 2006. Sales were flat at Rs.4.75 cr. whereas NP was marginally up by 5% at Rs.1.32 cr. Company is planning to come out with ADR/GDR issue in the near future and is taking all initiatives to list its securities on NSE. Ironically, it has huge property of around 1,22,000 sq ft near Aamby Valley - the lake city of Sahara India at Lonavala. It recently forayed into real estate development and is looking at several properties in Pune, Lonavala & Mumbai for medium and premium segment projects. For future growth, it is setting up a 10MW Wind turbine power project in Maharashtra. Recently, it also gave 10% dividend and made preferential allotment of 20 lakh share warrants to promoters @ Rs.15 per share. For FY06 ending 30 August 2006, it may report Sales of Rs.19 cr. and NP of Rs.5 cr. i.e. an EPS of Rs.5 on the face value of Rs.4 per share. A good short term bet.
Kovai Medical Centre (Code No: 523323) (Rs.60) located in South India is rated as one of the best medical centres in the world equipped with the most modern equipments like CT scanner, Angiography equipment with DSA, Operating Microscope, Mammography, C-arm, Colour Doppler etc. Super-speciality procedures like Coronary Bypass surgeries, Coronary Angioplasty, Stent Implantation, Laproscopic & Vascular Surgeries, Hip & Knee replacements, Kidney transplants and complex Neuro surgeries are regularly done at the hospital. It has recently enhanced its bed capacity, which will have its impact in coming qtrs. For FY06 and FY07, it is estimated to report an EPS of 5 & 7 respectively. Though it is not as big as Apollo Hospital, but still its available fairly cheap and has potential to double in 15~18 months.
Last week, Hazoor Media and Power Ltd (Code No: 532467) (Rs11) came out with its result for the qtr. ending 28 Feb. 2006. Sales were flat at Rs.4.75 cr. whereas NP was marginally up by 5% at Rs.1.32 cr. Company is planning to come out with ADR/GDR issue in the near future and is taking all initiatives to list its securities on NSE. Ironically, it has huge property of around 1,22,000 sq ft near Aamby Valley - the lake city of Sahara India at Lonavala. It recently forayed into real estate development and is looking at several properties in Pune, Lonavala & Mumbai for medium and premium segment projects. For future growth, it is setting up a 10MW Wind turbine power project in Maharashtra. Recently, it also gave 10% dividend and made preferential allotment of 20 lakh share warrants to promoters @ Rs.15 per share. For FY06 ending 30 August 2006, it may report Sales of Rs.19 cr. and NP of Rs.5 cr. i.e. an EPS of Rs.5 on the face value of Rs.4 per share. A good short term bet.
Kovai Medical Centre (Code No: 523323) (Rs.60) located in South India is rated as one of the best medical centres in the world equipped with the most modern equipments like CT scanner, Angiography equipment with DSA, Operating Microscope, Mammography, C-arm, Colour Doppler etc. Super-speciality procedures like Coronary Bypass surgeries, Coronary Angioplasty, Stent Implantation, Laproscopic & Vascular Surgeries, Hip & Knee replacements, Kidney transplants and complex Neuro surgeries are regularly done at the hospital. It has recently enhanced its bed capacity, which will have its impact in coming qtrs. For FY06 and FY07, it is estimated to report an EPS of 5 & 7 respectively. Though it is not as big as Apollo Hospital, but still its available fairly cheap and has potential to double in 15~18 months.
Whereas share prices of all the housing construction companies are hitting new highs, the share price of Vijay Shanti Builders (Code No: 523724) (Rs.35) is trading 40% lower than its 52W high of Rs 57. The company is engaged in developing residential projects to suit middle income and higher income groups of Chennai and in its outskirts. It is gradually shifting focus to the more lucrative premium segment catering to high society. Few of its elite ongoing projects include Courtyard in Nugambakkam, Astalakshmi - row houses in Adyar, Krsna in Egmore, and Rain Tree at Alwarpet etc. Importantly, the company has finalised 40 acres of land at Pallavaram and another 15 acres is to be finalized soon. It is expected to show exponential growth in coming years and may report EPS of Rs.4 and Rs.6 for FY06 and FY07 respectively.
All tech companies have witnessed a smart rally recently barring Paradyne Infotech (Code No: 532672) (Rs.65). It’s an ISO 9001:2000 certified end-to-end IT services company with core competence in Software Services, Managed Services, System Integration and BPO Services. It is one of the Level 1 Turnkey Solution Provider empanelled by Government of Maharashtra along with a few selected major IT companies like IBM, TCS, Wipro, CMC, Tata Infotech, etc. PIL’s services and solutions are concentrated in the areas of e-Commerce, Business Intelligence, Business Process Management (BPM) and Customer Relationship Management (CRM). For FY06, it is expected to clock a top-line of Rs.90 cr. and NP of Rs.7.50 cr. This works out to an EPS of Rs.7 on its current equity of Rs.10.90 cr. Due to lower profit margins, the company does not enjoy rich valuation but is still a value buy and has the potential to perform well in future.
All tech companies have witnessed a smart rally recently barring Paradyne Infotech (Code No: 532672) (Rs.65). It’s an ISO 9001:2000 certified end-to-end IT services company with core competence in Software Services, Managed Services, System Integration and BPO Services. It is one of the Level 1 Turnkey Solution Provider empanelled by Government of Maharashtra along with a few selected major IT companies like IBM, TCS, Wipro, CMC, Tata Infotech, etc. PIL’s services and solutions are concentrated in the areas of e-Commerce, Business Intelligence, Business Process Management (BPM) and Customer Relationship Management (CRM). For FY06, it is expected to clock a top-line of Rs.90 cr. and NP of Rs.7.50 cr. This works out to an EPS of Rs.7 on its current equity of Rs.10.90 cr. Due to lower profit margins, the company does not enjoy rich valuation but is still a value buy and has the potential to perform well in future.
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