Facor Alloys Ltd. is one of India's largest producers and exporters of Ferro Alloys, an essential ingredient for manufacture of Steel and Stainless Steel. It exports to several countries like Korea, Japan, Italy, Netherlands, USA, Turkey, China and Taiwan. Post trifurcation of the Facor group into 3 independent entities in 2004 under a demerger scheme, FACOR has the capacity to produce 65,000 TPA of Charge Chrome / Ferro Chrome and 2,50,000 TPA of Chrome Ore at its Plant in Orissa. It has also established a mining complex at Bhadrak in Orissa for the mining of Chrome Ore, the main raw material for the production of Charge Chrome/ Ferro Chrome. FACOR has been accredited with ISO 9001:2000 standard, which coupled with other control measures adopted by the Company, enables it to maintain its world wide status as a producer of quality products.
The stock has seen highs of around Rs.21 before the crash happened in 2008. At current price of just around 4.9, the stock is available at a good discount to its Book Value of nearly 5.86. The company is also looking at acquisitions of Chrome Ore mines abroad to expand its capacity. Once the acquisition is made, the stock can see a complete re-rating. At current valuations the stock looks very cheap and the future looks good for this stock.
Cheers!
Wednesday, February 17, 2010
Friday, February 5, 2010
Hot Pick : GHCL Ltd. Bse Code : 500171
GHCL Ltd. is a leading Chemicals & Textiles company. The company is amongst the global leaders in manufacture and development of different varieties of Soda Ash. Soda Ash is an essential ingredient in the manufacture of detergent, soap, glass, sodium salts and dyes. It is widely used in textiles, paper, metallurgical industries and desalination plants. The Textile division at GHCL is a vertically integrated operation that manufactures premium quality Yarn, Griege Fabric and Home Textile products like Bed Linen, Curtains, Madeups and Cotton Yarn.
The two Spinning units located in Tamil Nadu have an installed capacity of 125,000 spindles manufacturing 100% Cotton and Polyester Cotton yarns. The manufacturing units at the Textile Company have state-of-the-art textile machinery from Reiter, Switzerland and Schlafhorst, Germany, among others to lend that cutting edge to Quality.
The production facilities are ISO 9001-2000 certified and also have been awarded the OKO-TEX certification from CITIVE, Portugal. Wind-power is used for generating and meeting out the energy requirement for the spinning operations, which is not only cost effective but also eco-friendly. See the company website: www.ghclindia.com
The stock is giving a very high dividend yield consistently, and at current market price of just 44.15, this stock is available at a steal. The PE ratio is just around 4. The Book Value as of March, 09 is a whopping 121.38 (source: religare technova) The stock has seen highs of around 185 in the December, 2007 Bull run and used to trade consistently around that level in the years 2006 & 2007. At current price this stock is trading at a deep discount to its peers like Tata Chemicals, United Phosphorus etc. and merits an investment buy.
Cheers!
The two Spinning units located in Tamil Nadu have an installed capacity of 125,000 spindles manufacturing 100% Cotton and Polyester Cotton yarns. The manufacturing units at the Textile Company have state-of-the-art textile machinery from Reiter, Switzerland and Schlafhorst, Germany, among others to lend that cutting edge to Quality.
The production facilities are ISO 9001-2000 certified and also have been awarded the OKO-TEX certification from CITIVE, Portugal. Wind-power is used for generating and meeting out the energy requirement for the spinning operations, which is not only cost effective but also eco-friendly. See the company website: www.ghclindia.com
The stock is giving a very high dividend yield consistently, and at current market price of just 44.15, this stock is available at a steal. The PE ratio is just around 4. The Book Value as of March, 09 is a whopping 121.38 (source: religare technova) The stock has seen highs of around 185 in the December, 2007 Bull run and used to trade consistently around that level in the years 2006 & 2007. At current price this stock is trading at a deep discount to its peers like Tata Chemicals, United Phosphorus etc. and merits an investment buy.
Cheers!
Tuesday, January 19, 2010
Hot Pick : Prithvi Information Solutions Ltd. Bse Code : 532675
Prithvi Information Solutions is a leading Technology solutions provider involved in the domains of technology outsourcing, process outsourcing, and intelligence solutions and networking solutions. The company aims to be a complete solutions provider and not just a plain vanilla software company. Founded in 1998, Prithvi has offices in USA, Netherlands, Middle East, Singapore and India. It is headquartered in Hyderabad, India. The company is ranked as the 12th largest IT service exporter in India in FY 2008-09 by NASSCOM. Ranked among Deloitte Technology Fast 500 Asia Pacific 2009. Prithvi's global network of development centers and sales offices are in Europe, Middle East and Asia Pacific. Their solutions are particularly advanced and powerful for these vertical markets: Healthcare, Retail, BFSI and Telecom. See the company website: http://www.prithvisolutions.com
The Promoters hold around 33% stake in the company as of Sept, 09 and I reckon the holdings of the promoter and FIIs may have gone up during the last couple of months. The half year EPS of Prithvi for the current FY2009-2010 is already 19.17, at current market price, the stock is trading at a dirt cheap PE of around 3 only. The Book Value of the share is around Rs.250 and not so long ago, Lehman Bros. had given a valuation of Rs.469 per share to Prithvi, before the global melt-down happened and LB exited the stock. The stock has seen highs of around 460 in April, 2006, from where it has fallen to the current lows. There were some issues with the management in the past, but if they come clean with the audited results soon, this stock is a potential multi-bagger. Long term investors with some risk appetite can hope to make substantial gains in this stock.
Cheers!
The Promoters hold around 33% stake in the company as of Sept, 09 and I reckon the holdings of the promoter and FIIs may have gone up during the last couple of months. The half year EPS of Prithvi for the current FY2009-2010 is already 19.17, at current market price, the stock is trading at a dirt cheap PE of around 3 only. The Book Value of the share is around Rs.250 and not so long ago, Lehman Bros. had given a valuation of Rs.469 per share to Prithvi, before the global melt-down happened and LB exited the stock. The stock has seen highs of around 460 in April, 2006, from where it has fallen to the current lows. There were some issues with the management in the past, but if they come clean with the audited results soon, this stock is a potential multi-bagger. Long term investors with some risk appetite can hope to make substantial gains in this stock.
Cheers!
Thursday, December 24, 2009
Hot Pick : Micro Technologies (India) Ltd. Bse Code : 532494
Micro Technologies (India) Ltd. is an IT based company, a leading global developer, manufacturer and marketer of security devices for its clients across the globe. Product lines include the much-needed security devices, life style and support systems and web-based software. Micro Technologies has a history of leading-edge security solutions products.
The valuations of the stock at current price of 150 are dirt cheap! The annualized EPS (consolidated) for FY 2009-2010 is Rs.70, which means the stock is trading at a ridiculously cheap PE ratio of 2. Peer companies command a PE ratio of 15-20, which shows the potential upside for the stock price of this company. As of 30th Sept, 2009, the promoters hold a healthy 32.49% stake in the company. The future seems bright for this company and investors can look for this value stock.
Some recent news about the company:
*Micro Technologies (India) Ltd. launched Micro Jai-Kisan in the city today. Dr. C P Joshi, Union Rural Development Minister, unveiled the innovative device for farmers at a press conference.
*Micro Technologies to parter with premier Israeli company to jointly provide security solutions.
*Micro Technologies listed for the NASSCOM "Innovative Products Award" for Wi-Fi Security system.
Company website: http://www.microtechnologies.net/index.aspx
Cheers!
PS: On 22 Dec, 2005, SKP Research came out with a BUY Report on this stock when the price was Rs.318 with a Target of Rs. 462 Here is the link: http://www.valuenotes.com/skp/skp_MicroTech_22dec05.pdf?ArtCd=72544&Cat=C&Id=993
The valuations of the stock at current price of 150 are dirt cheap! The annualized EPS (consolidated) for FY 2009-2010 is Rs.70, which means the stock is trading at a ridiculously cheap PE ratio of 2. Peer companies command a PE ratio of 15-20, which shows the potential upside for the stock price of this company. As of 30th Sept, 2009, the promoters hold a healthy 32.49% stake in the company. The future seems bright for this company and investors can look for this value stock.
Some recent news about the company:
*Micro Technologies (India) Ltd. launched Micro Jai-Kisan in the city today. Dr. C P Joshi, Union Rural Development Minister, unveiled the innovative device for farmers at a press conference.
*Micro Technologies to parter with premier Israeli company to jointly provide security solutions.
*Micro Technologies listed for the NASSCOM "Innovative Products Award" for Wi-Fi Security system.
Company website: http://www.microtechnologies.net/index.aspx
Cheers!
PS: On 22 Dec, 2005, SKP Research came out with a BUY Report on this stock when the price was Rs.318 with a Target of Rs. 462 Here is the link: http://www.valuenotes.com/skp/skp_MicroTech_22dec05.pdf?ArtCd=72544&Cat=C&Id=993
Thursday, December 17, 2009
Early Opening of Stock Exchanges from 4 Jan
The Stock Exchanges (NSE & BSE) have announced extending of trading hours by opening the markets at 9:00 AM instead of the earlier 9:55 AM from 4 Jan, 2010. This should be a welcome step for investors who were so far unable to place orders online because they had to leave for their respective offices before the market opening. But this move is being unreasonably opposed by some Tv anchors for their own narrow personal interests. Copy pasting below a good post on a popular market message board by a boarder named Guru.
Posted by: gurugyan9 on (17-Dec-09 10:45 )
Rating *****
It is with great regret that we have to say that the CNBC TV18 main anchor, Udayan Mukherjee has become too big for his boots and is misusing his powers. Instead of reporting market news in an impartial and neutral manner, which is expected from a responsible Business News Channel, Udayan has off late started to try to force his own personal opinions on the viewers and thus try to influence them. The ordinary lay viewers are easily influenced by the views expressed by the channel anchors, specially the ones who broadcast in the first hour of market opening, ie. Udayan and Mitali. It has been noticed that they try to impose their personal opinions, driven by their own vested interests on the viewers. There are hundreds of instances where we have noticed this. The latest being the move by the stock exchanges to open the markets from 9:00 AM. This is a welcome move for the stock market investors who were previously unable to place orders in the market in the morning because they had to be in their respective offices by 10:00 AM. Such millions of office goers who have investments in the market were till now unable to place their orders online because they had to start from their homes around 9:30 AM for their offices. Now with the welcome move of the stock exchanges they will get an opportunity to place orders before they start from their homes for their offices.
This new announcement by the exchanges is a welcome step and will be of great convenience to stock market investors. This is an investor friendly move by the exchanges. But since this move would mean that Udayan & Mitali will have to start one hour early from their homes, they are viciously opposing this move on their tv channel. How can the channel allow them to dictate their terms to the millions of viewers? Both Udayan and his protegee Mitali have become too big for their boots and are totally ungrateful for how much they have earned from the company they work in and also the stock markets in general in the last 10 years. Udayan was just a small reporter when he joined CNBC TV 18 ten years ago and was promtly made the main anchor. Since then he has become the blue eyed boy of the channel and its MD, Raghav Behl. Raghav has given too much free rein to Udayan and has become over dependent on him. We think the wise thing would be to look for replacements for such big-headed Anchors. If these people have no respect for journalistic ethics of reporting in a fair and impartial manner, they should be shown the door.
Guru
link : http://www.moneycontrol.com/india/messageboardblog/message_thread/2492368/3721398#m3721398
Cheers!
Posted by: gurugyan9 on (17-Dec-09 10:45 )
Rating *****
It is with great regret that we have to say that the CNBC TV18 main anchor, Udayan Mukherjee has become too big for his boots and is misusing his powers. Instead of reporting market news in an impartial and neutral manner, which is expected from a responsible Business News Channel, Udayan has off late started to try to force his own personal opinions on the viewers and thus try to influence them. The ordinary lay viewers are easily influenced by the views expressed by the channel anchors, specially the ones who broadcast in the first hour of market opening, ie. Udayan and Mitali. It has been noticed that they try to impose their personal opinions, driven by their own vested interests on the viewers. There are hundreds of instances where we have noticed this. The latest being the move by the stock exchanges to open the markets from 9:00 AM. This is a welcome move for the stock market investors who were previously unable to place orders in the market in the morning because they had to be in their respective offices by 10:00 AM. Such millions of office goers who have investments in the market were till now unable to place their orders online because they had to start from their homes around 9:30 AM for their offices. Now with the welcome move of the stock exchanges they will get an opportunity to place orders before they start from their homes for their offices.
This new announcement by the exchanges is a welcome step and will be of great convenience to stock market investors. This is an investor friendly move by the exchanges. But since this move would mean that Udayan & Mitali will have to start one hour early from their homes, they are viciously opposing this move on their tv channel. How can the channel allow them to dictate their terms to the millions of viewers? Both Udayan and his protegee Mitali have become too big for their boots and are totally ungrateful for how much they have earned from the company they work in and also the stock markets in general in the last 10 years. Udayan was just a small reporter when he joined CNBC TV 18 ten years ago and was promtly made the main anchor. Since then he has become the blue eyed boy of the channel and its MD, Raghav Behl. Raghav has given too much free rein to Udayan and has become over dependent on him. We think the wise thing would be to look for replacements for such big-headed Anchors. If these people have no respect for journalistic ethics of reporting in a fair and impartial manner, they should be shown the door.
Guru
link : http://www.moneycontrol.com/india/messageboardblog/message_thread/2492368/3721398#m3721398
Cheers!
Wednesday, December 2, 2009
Hot Pick: K Sera Sera Nse: KSERAPRO Bse: 532081
K Sera Sera is an Entertainment company primarily in the business of movie production & distribution. The company has posted half year EPS of Rs.8.63 already for the current financial year. This means that the stock is trading at an astoundingly low PE of less than 1. The average PE ratio given to the industry is between 15 and 50. This shows the potential of this stock. The stock's Book Value is Rs. 41.62, profit grew by 100% for the quarter ended 30th Sept, 2009. Net Profit achieved Rs. 39.72 cr*. The company has produced films like Sarkar, Sarkar Raj, Golmaal, Ek Hasina Thi, Vastushastra in the past and distributed films like Guru, Golmaal, Partner, Don, Kaal, Hanuman, Ab Tak 56, Dor, No Entry, Fanaa, Casino Royale, Die Hard-4, Da Vinci Code, Kabhi Alvida Na Kehna.
The company has announced enormous diversification plans. Board of Directors has decided to invest in IPL (Indian Premier League) 20-20 Cricket Team. The company has entered into a Joint Venture for the forthcoming film, "Americans In Danger" starring Colin Farrell, Chris Evans & Anne Hathaway. An average Hollywood blockbuster collection is well over Rs. 5000 crores and this film is already considered as an awaiting blockbuster in Hollywood circles*.
The future looks bright for this company and the stock price is currently available at a dirt cheap price of around Rs. 14.
* Source: DNA Money advt. For more info, visit company website: http://www.kserasera.com
Cheers!
The company has announced enormous diversification plans. Board of Directors has decided to invest in IPL (Indian Premier League) 20-20 Cricket Team. The company has entered into a Joint Venture for the forthcoming film, "Americans In Danger" starring Colin Farrell, Chris Evans & Anne Hathaway. An average Hollywood blockbuster collection is well over Rs. 5000 crores and this film is already considered as an awaiting blockbuster in Hollywood circles*.
The future looks bright for this company and the stock price is currently available at a dirt cheap price of around Rs. 14.
* Source: DNA Money advt. For more info, visit company website: http://www.kserasera.com
Cheers!
Thursday, October 8, 2009
Hot Pick : Bihar Tubes Ltd. Bse Code : 590059
Bihar Tubes Ltd. is an ISO 9001:2000 company engaged in manufacturing and exporting galvanized steel tubes, galvanized steel pipes and welded black pipes/tubes. They manufacture Mild Steel Tubes, Aluminum Steel Tubes for a range of applications like Mild Steel Tubes for structural purpose and mechanical & general engineering purpose, ERW Pipes for water, gas & sewerage, Steel Tubes for idlers of belt conveyors, water wells and Lancing Pipes for various automotive & industrial applications.
The stock has fallen from its highs of around 216 in Dec, 2007 to its current mouthwatering price of 59. The stock price of this company has been lying dormant for a long time and a technical breakout can happen any time after this consolidation. Religare research had put a BUY call on this stock on 7th May, 2008 when the market price was 151 and they had given a price target of 240 plus for it.
Download the report from here: http://www.zshare.net/download/66633891ddd181a6/
So if this stock was found attractive at 151 levels, at current price of 59 it's available at a steal. Seems to be a good investment bet.
Cheers!
PS: I'm glad that one of my recent picks, FCS Software has nearly tripled after I recommended it. Hope you profited from it.
The stock has fallen from its highs of around 216 in Dec, 2007 to its current mouthwatering price of 59. The stock price of this company has been lying dormant for a long time and a technical breakout can happen any time after this consolidation. Religare research had put a BUY call on this stock on 7th May, 2008 when the market price was 151 and they had given a price target of 240 plus for it.
Download the report from here: http://www.zshare.net/download/66633891ddd181a6/
So if this stock was found attractive at 151 levels, at current price of 59 it's available at a steal. Seems to be a good investment bet.
Cheers!
PS: I'm glad that one of my recent picks, FCS Software has nearly tripled after I recommended it. Hope you profited from it.
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