STOCK WATCH
WS Industries (48.00) is a leading manufacturer of high voltage electro-porcelain transmission insulators and sub-station insulators. It deals in other products as well like dropout fuses, isolators, lightning arresters, coupling capacitors, capacity voltage transformers, instrument transformers, line traps and reactors. To cater the rising demand, company is setting up a Greenfield plant in Visakhapatnam to double the manufacturing capacity of substation insulators to 16,000 tons. The project is almost completed and expected to commence shortly. Besides, its transmission insulator unit with installed capacity of 8,000 tonne is running at full capacity. Lately company has also ventured into turnkey project execution i.e. designing, execution and construction work of transmission lines of below 220 KV. Meanwhile, its subsidiary company has completed the construction of the 1st phase (300,000 sq ft) of the Software Technology Park in association with TCG group. So from current year it will start generating additional lease rental of approx Rs 3 cr. With current order book of nearly 135 cr, company is expected to report a turnover of Rs 275 cr and profit of Rs 16.50 i.e. EPS of Rs 8 for FY09. A good bet in power ancillary space.
Tantia Construction (58.00) boasts of having presence in roads and highways, railways, tunnels, bridges and flyovers, urban instructure, sewerage and drainage, civil & housing construction etc. Lately, it also ventured into the lucrative marine infrastructure space, power transmission and distribution segment and aviation infrastructure. Infact, it is among the five Indian companies capable of providing ‘foundation-to-finish’ for mega railway bridges spanning 2-km or more. More importantly, company has a very strong presence in the eastern and north-eastern region which gives it an edge, as very few players are interested in bidding in these regions due to difficult terrain. Presently, it has diversified and massive order in hand position of more than 1000 cr to be executed in next 24 months. In near future company intends to foray into BOT & BOOT projects to boost up its margin. For Q1FY09 it recorded 40% rise in topline as well as bottomline to Rs 99 cr and Rs 5 cr respectively. Hence for entire FY09 it may clock a turnover of more than Rs 450 cr and profit of Rs 20 cr i.e. EPS of Rs 12 on diluted equity of Rs 16.30 cr. Relatively, a safer bet in infrastructure space.
Austin Engineering (60.00) is the leading manufacturers of all types of antifriction bearings namely ball, tapered roller, spherical roller, needle roller and thrust bearing. Despite being relatively small in size, it offers widest range of bearings from 50 gms to over half a tone. Infact it is among a handful of customized bearing manufacturers worldwide to produce bearings with 1200 mm diameter. It supplies bearings to the different category of buyers like automobiles, defence, state road transport corporation, steel plants, thermal plants, cements plants, sugar and paper industries, fan and pump industry and material handling equipments. For FY08 it registered 10% growth in sales to Rs 73 cr and 20% increase in NP to Rs 6.50 cr posting an EPS of Rs 18. Incidentally, company derives 40% of its revenue from export to most quality conscious markets like USA & European countries. It has even setup 100% subsidiaries in USA and Italy, which act as marketing front-end. In near future company intends to venture into manufacturing of geared slewing rim bearings for heavy earth moving and construction equipment and special bearings for aerospace application. For FY09 it may report sales of Rs 75 cr and profit of Rs 5.50 cr i.e. EPS of Rs 16 on small equity of Rs 3.50 cr.
Cera Sanitary (110.00) is the third largest company in the organized sanitaryware segment with over 20% market share in domestic market. Notably, in the last couple of years, company has evolved itself into a total bathroom solutions provider with a wide product range including WC’s, wash basins, whirlpools, bath tubs, shower panels, shower cubicles, shower temples, bath fittings, kitchen sinks, tiles etc. In line with today’s high technology it also provides automatic electronic flushing system, automatic water flow sensor tap, automatic hand dryers/soap dispensers, & perfume sprayer. It even has a strategic tie-up with Pozzi-Ginori, an Italian designer sanitaryware for importing premium sanitaryware and marketing it in India. To take the benefit of high demand, it has recently expanded its production capacity to 24,000 MTPA from 16,500 MTPA. To boost up its retail sales, company came up with novel idea of setting up live CERA bath studio where consumers, architectures, interior designers etc can actually see how the premium products will look, feel and function in their homes. It has already setup eight such studios across India and is now putting up Cera Bath Galleries with its retail partners. Further company is planning a major foray into taps as there is only one strong Indian brand, followed by mediocre brands. For FY09, it may register sales of Rs 160 cr and PAT of Rs 11 cr i.e. EPS of Rs 18 on current equity. Worth having a look at.
Tantia Construction (58.00) boasts of having presence in roads and highways, railways, tunnels, bridges and flyovers, urban instructure, sewerage and drainage, civil & housing construction etc. Lately, it also ventured into the lucrative marine infrastructure space, power transmission and distribution segment and aviation infrastructure. Infact, it is among the five Indian companies capable of providing ‘foundation-to-finish’ for mega railway bridges spanning 2-km or more. More importantly, company has a very strong presence in the eastern and north-eastern region which gives it an edge, as very few players are interested in bidding in these regions due to difficult terrain. Presently, it has diversified and massive order in hand position of more than 1000 cr to be executed in next 24 months. In near future company intends to foray into BOT & BOOT projects to boost up its margin. For Q1FY09 it recorded 40% rise in topline as well as bottomline to Rs 99 cr and Rs 5 cr respectively. Hence for entire FY09 it may clock a turnover of more than Rs 450 cr and profit of Rs 20 cr i.e. EPS of Rs 12 on diluted equity of Rs 16.30 cr. Relatively, a safer bet in infrastructure space.
Austin Engineering (60.00) is the leading manufacturers of all types of antifriction bearings namely ball, tapered roller, spherical roller, needle roller and thrust bearing. Despite being relatively small in size, it offers widest range of bearings from 50 gms to over half a tone. Infact it is among a handful of customized bearing manufacturers worldwide to produce bearings with 1200 mm diameter. It supplies bearings to the different category of buyers like automobiles, defence, state road transport corporation, steel plants, thermal plants, cements plants, sugar and paper industries, fan and pump industry and material handling equipments. For FY08 it registered 10% growth in sales to Rs 73 cr and 20% increase in NP to Rs 6.50 cr posting an EPS of Rs 18. Incidentally, company derives 40% of its revenue from export to most quality conscious markets like USA & European countries. It has even setup 100% subsidiaries in USA and Italy, which act as marketing front-end. In near future company intends to venture into manufacturing of geared slewing rim bearings for heavy earth moving and construction equipment and special bearings for aerospace application. For FY09 it may report sales of Rs 75 cr and profit of Rs 5.50 cr i.e. EPS of Rs 16 on small equity of Rs 3.50 cr.
Cera Sanitary (110.00) is the third largest company in the organized sanitaryware segment with over 20% market share in domestic market. Notably, in the last couple of years, company has evolved itself into a total bathroom solutions provider with a wide product range including WC’s, wash basins, whirlpools, bath tubs, shower panels, shower cubicles, shower temples, bath fittings, kitchen sinks, tiles etc. In line with today’s high technology it also provides automatic electronic flushing system, automatic water flow sensor tap, automatic hand dryers/soap dispensers, & perfume sprayer. It even has a strategic tie-up with Pozzi-Ginori, an Italian designer sanitaryware for importing premium sanitaryware and marketing it in India. To take the benefit of high demand, it has recently expanded its production capacity to 24,000 MTPA from 16,500 MTPA. To boost up its retail sales, company came up with novel idea of setting up live CERA bath studio where consumers, architectures, interior designers etc can actually see how the premium products will look, feel and function in their homes. It has already setup eight such studios across India and is now putting up Cera Bath Galleries with its retail partners. Further company is planning a major foray into taps as there is only one strong Indian brand, followed by mediocre brands. For FY09, it may register sales of Rs 160 cr and PAT of Rs 11 cr i.e. EPS of Rs 18 on current equity. Worth having a look at.
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