Small & Beautiful (Guj)
Click here to download Gujarati version
Led by Mr Malvinder Singh- “Mushroom Rattan” award winner, Agro Dutch (30.00) is the worlds largest producer and exporter of mushrooms even surpassing the Royal mushroom of France. Last year company has set up new facility to produce 14,000 tonnes of frozen mushrooms thereby taking the total mushroom capacity to whopping 50,000 tonne per annum. Remarkably, company alone accounts for nearly one fourth of total US imports of mushroom. And more importantly it is fully integrated mushroom company with inhouse composting, inhouse processing and own can manufacturing plant. Further company is setting up new easy-open-ends can unit and a six colour metal printing line in Tamilanadu with an investment of Rs 55 cr. To fund this company has already made a pref allotment of 1 crore warrants @ Rs 27.50 to promoter group. For FY08 it is estimated to clock a turnover of Rs 225 cr and a healthy PAT of Rs 26~27 cr on back of huge other income from Visheh Krishi Gram Udyog Yojana Scheme. This translates into EPS of Rs 7 on fully diluted equity of Rs 39.50 cr. Although it’s a non dividend paying company coupled with some promoter concern, still aggressive investors can take a punt on it for handsome gains in medium term.
Lok Housing & construction (125.00) is having a land bank of whopping 1222 acres across Mumbai, Pune and Bangalore with development potential of 62.5 million sq ft. Most of the land has been acquired long back at very low cost and are located at Ambernath(80 acres), Kalyan(92 acres), Vasai(136 acre), Turbhe(180 acre), Pune(425 acres), Bangalore(240 acres) and balance 69 acre spread across Andheri, Malad, Khar, Thane & Virar in Mumbai. With the recent merger of Lok Shelter, company is now involved into lucrative business of urban rehabilitation and reconstruction projects as well. Hence, it has already submitted a proposal to the state government to rehabilitate tenants of about 300 unsafe cessed buildings in Mumbai and simultaneously develop 6 million sq ft in the heart of the city in association with MHADA. At the same time it has several residential townships under construction at Mulund, AMbernath, Khar, Virar, Thane, Kalyan, Marol etc. Importantly, it has recently made pref allotment of 50 lac warrants @ Rs 354 to promoters. Scrip is available at mouth watering levels.
Being India’s largest manufacturer of evaporator and condenser (E&C) coils with around 60% market share, Lloyd Electric & Engineering (110.00) has got itself forward integrated into lucrative business of contract manufacturing of window / split air conditioners for various multi national companies in India. It is also into manufacturing of roof mounted packaged unit i.e. packaged AC for railway coaches on turnkey basis which includes designing, manufacturing, supplying, installation and maintenance. Interestingly, company is now diversifying to produce roll bond and frost free coils for refrigerators and has tied up with a Korean company, Hanyung Alcobis for the same. To maintain its future growth company is in the process of setting up a Greenfield plant near JNTP port. Meanwhile, it has signed a MoU with Air International Transit Pty Limited, an Australia-based company for designing, manufacturing and supplying of AC package units to metro rail in India. For FY08 it may clock a turnover of Rs 650 cr and PAT of Rs 58 cr i.e. EPS of Rs 19 on current equity of Rs 31 cr. Simply buy and hold.
ANG Auto (95.00) is among the few companies in the world to be completely integrated – from the manufacture of components to sub-assemblies and assemblies and finally to vehicles. Today it the largest trailer manufacturing company in India with a capacity of 3600 trailers per year and will soon be No. 1 in Asia as it is augmenting the capacity to 6000 trailers. Notably, company has entered into a five year contract with Ashok Leyland for trailers, which is valued at 1500-1800 cr. Secondly, its patented automatic slack adjuster and the single piece dummy axle is witnessing strong demand from all over the world. Going ahead, it intends to manufacture suspension systems and is also setting up a forging unit at Bhiwadi, Rajasthan at capex of Rs 37. To consolidate its operations company has merged ANG Auto Tech, its 75%subsidiary with itself. On a standalone basis for FY08, it is expected to clock a turnover of Rs 120 cr cr and profit of Rs 16 cr i.e. EPS of Rs 13.50 on current equity of Rs 11.90 cr. Being the conversion price as high as Rs 325, its FCCB of Rs 50 cr may not get converted into equity. Moreover, finding the valuation very cheap, management has got the approval for buy back of equity shares up to 24.30% of the total paid up equity capital at a maximum price of Rs 215 per share. Only long term investors are advised to buy at current levels as scrip may not move in short term.
Lok Housing & construction (125.00) is having a land bank of whopping 1222 acres across Mumbai, Pune and Bangalore with development potential of 62.5 million sq ft. Most of the land has been acquired long back at very low cost and are located at Ambernath(80 acres), Kalyan(92 acres), Vasai(136 acre), Turbhe(180 acre), Pune(425 acres), Bangalore(240 acres) and balance 69 acre spread across Andheri, Malad, Khar, Thane & Virar in Mumbai. With the recent merger of Lok Shelter, company is now involved into lucrative business of urban rehabilitation and reconstruction projects as well. Hence, it has already submitted a proposal to the state government to rehabilitate tenants of about 300 unsafe cessed buildings in Mumbai and simultaneously develop 6 million sq ft in the heart of the city in association with MHADA. At the same time it has several residential townships under construction at Mulund, AMbernath, Khar, Virar, Thane, Kalyan, Marol etc. Importantly, it has recently made pref allotment of 50 lac warrants @ Rs 354 to promoters. Scrip is available at mouth watering levels.
Being India’s largest manufacturer of evaporator and condenser (E&C) coils with around 60% market share, Lloyd Electric & Engineering (110.00) has got itself forward integrated into lucrative business of contract manufacturing of window / split air conditioners for various multi national companies in India. It is also into manufacturing of roof mounted packaged unit i.e. packaged AC for railway coaches on turnkey basis which includes designing, manufacturing, supplying, installation and maintenance. Interestingly, company is now diversifying to produce roll bond and frost free coils for refrigerators and has tied up with a Korean company, Hanyung Alcobis for the same. To maintain its future growth company is in the process of setting up a Greenfield plant near JNTP port. Meanwhile, it has signed a MoU with Air International Transit Pty Limited, an Australia-based company for designing, manufacturing and supplying of AC package units to metro rail in India. For FY08 it may clock a turnover of Rs 650 cr and PAT of Rs 58 cr i.e. EPS of Rs 19 on current equity of Rs 31 cr. Simply buy and hold.
ANG Auto (95.00) is among the few companies in the world to be completely integrated – from the manufacture of components to sub-assemblies and assemblies and finally to vehicles. Today it the largest trailer manufacturing company in India with a capacity of 3600 trailers per year and will soon be No. 1 in Asia as it is augmenting the capacity to 6000 trailers. Notably, company has entered into a five year contract with Ashok Leyland for trailers, which is valued at 1500-1800 cr. Secondly, its patented automatic slack adjuster and the single piece dummy axle is witnessing strong demand from all over the world. Going ahead, it intends to manufacture suspension systems and is also setting up a forging unit at Bhiwadi, Rajasthan at capex of Rs 37. To consolidate its operations company has merged ANG Auto Tech, its 75%subsidiary with itself. On a standalone basis for FY08, it is expected to clock a turnover of Rs 120 cr cr and profit of Rs 16 cr i.e. EPS of Rs 13.50 on current equity of Rs 11.90 cr. Being the conversion price as high as Rs 325, its FCCB of Rs 50 cr may not get converted into equity. Moreover, finding the valuation very cheap, management has got the approval for buy back of equity shares up to 24.30% of the total paid up equity capital at a maximum price of Rs 215 per share. Only long term investors are advised to buy at current levels as scrip may not move in short term.
Click here to download Gujarati version
1 comment:
Hi,
I too endorsed Lloyd's Electric and Engineering last week.
http://scrip-tures.blogspot.com/2008/04/lloyd-electric-and-engineering.html
Warm Regards
Shankar
Post a Comment