rts power....reallly power packed

hi
juss got the news today regarding rts...some development taking place.......srry but cant unreavel it out here..anyways there is news of it hitting 100-125 by march itself....those holding shld continue holding.....has given nice appreciation frm 55 levels to current 82 levels....but u never know how market will perform....so one can take their call accordingly
i will be buying more of it tomm

peep into future

post budget i expect a bit of correction...maybe within in the next 20 days....the way market has run up....i expect a correction upto 9600 n if worst arnd 9000....dont expect the market will fall below tht....mutual funds have raised 12000 crs in the past 2-3 months....not to ignore the incremental 15000 crs of last yr....so at lower levels mutual funds money will pour in....some stocks tht i am holding n find comfort holding at current levels are
RTS POWER...AMTEK INDIA....CENTURY ENKA.....SYNCOM.....JUPITER BIO...GRANULES......MADHAV MARBLES....EASTERN SILK...AARTI IND...NATIONAL STEEL.....AGRO DUTCH....RAIPUR ALLOYS...WS IND....JJ EXP...SANJIVANI PARENTAL

OTHER SHARES R FOR LONG LONG TERM...SO WONT MENTION THEM

AGRO DUTCH AFT FALLING FRM 45 LEVELS TO 34 LEVELS IS BCK TO 46 NOW.....HOPE PPLE BEEN HOLDING TO THE SAME...IS 14% UP NOW...IN AYR I EXPECT IT TO TOUCH 80-100

I BOOKED PROFIT IN SANJIVANI PARENTAL WHICH I HAD BOUGHT DURING CORRECTION AT 38 LEVELS......STILL HOLDING A BIT OF QTY BOUGHT ARND 62.....MIGHT BUY AGAIN ARND 40 LEVELS

these r my personal views.....pple can take their own call

sanjivani parental.....cancer drug contract

Sanjivani Paranteral to launch Anti Cancer products in India
2/24/2006
Sanjivani Paranteral Ltd has informed that the Company is going to launch Anti Cancer products in India with a tie up with Europe based Multi National.
1. The Indian Market size of these products as on today is Rs 5000 million.
2. Company is expecting business of Rs 60-70 million in next year and also expecting the growth of 20% in turnover of Anti Cancer products every year for next 5 years.
3. Company is also expecting orders from foreign market for these products particularly from African & Asian countries.

sanjivani aft dipping to 35 has runup almost 50% in the past 3 days.....one can book some profit arnd 55-57 for the time being....those who have been holding for quite a while shld continue holding it n shld use 40-45 levels to accumulate........definately a punters play which will reach good heights

aarthi ind up 7% today....levels arnd 70-73 shld be used to buy.....long way to go for this script...a good according to me

raipur n syncom both have started pulling up slowly....looks like down trend is over.....i def see lots of value in both the counters...def a must buy at these levels aft such a fall

eastern silk holding strong above 200.....a fall below 200 shld be taken as a opputunity to accumulate.....spread ur buy though

also ws ind is looking good.......can be accumulated at current n every 5 rs fall....minimum 6 months horizon shld be kept

karuturi n gupta synth both in lower circuit......hoping the falll will continue which will invite value buying again

stocks to be accumulated during declines....keep a watch

hello everyone
with budget arnd the corner market might show some volatility....some stocks tht i wuld look forward to accumulate at the level mentioned

sanjivani parental.....current levels....buy in small lots..have fallen frm 60 to 40
raipur alloys.....current levels....buy in small lots...have fallen frm 78 to 62
amtek india.....85-90 levels
jj exports...current level....book some profit arnd 95 n reenter at 80
aarvee denim...100-108 levels
alps industries...120 levels
can fin homes....41-43 levels
first leasing.....40-44 levels
gupta synth....130-140 levels......have run up to 180...might touch 200 n then shld come bck to 130-140 levels...i wuld look fwd to buy at those levels
himalaya inter......13-15 levels.....wuld put in small amt though
india glycols....150 levels
karuturi....80-90 levels
icsa..400 levels
monsanto....1600-1650
manugraph....200
macmillan...buy at every 5% fall
manali petro..current n then arnd 17-18 levels
national oxygen........75-80 levels
pricol....33-35...a very good bet
s kumars....38 levels
surya pharma....130-135 levels
national steel....20 level
srei infra....50-53 levels
ttk prestige....100-110 levels
walchandnagar....450-500
agro dutch....30-33 levels
jupiter bio...current levels of 130....n then if 115 if a big correction comes otherwise....130 is a good support level
century enka...170...even current level..fall frm 230 levels
ws ind.....current level n also at 45 level
granules....75-80 levels
rts power....55-60 levels
aarti....65-70 levels
madhav marbles....70-78 levels
syncom form.....current level.....small amt
eastern silk....165-180 levels
paras petro.....current level...small amt....also GV FLIMS CAN BE CONSIDERED FOR RISKY PLAYERS

long term view shld be taken while investing in the above mentioned stocks..minimum 6 months for goood return...patience pays...all r good growth stories

stocks that i am holding

AMTEK INDIA
CENTURY ENKYA
SYNCOM FORMULATION
JUPITER BIO
GRANULES
madhav marbles
EASTERN SILK
NATIONAL STEEL
AARTI IND
AGRO DUTCH
RAIPUR ALLOYS
WS IND
RTS
JJ EXPORTS
PARAS PETRO
SYNCOM FORMULATION
SANJIVANI PARENTAL

sanjivani parental.....update

the stock has fallen frm 60 levels to present 39 levels....i think i shld start acccumulating frm these levels n keeep a long term view....minimum 6-8 months...can definately turn to be a multibagger if hold on to 12-15 months

A leading manufacturer the injectibles space,Sanjivani Paranteral has been making inroads not only the domestic market but also in the lukrative export markets.With an eye on further growth,the company is set to expand it's capacities and introduce new products.By March 2006,it will launch ANTI-CANCER injectibles both the domestic and export market.Presently ,it manufactures seven million units of injectibles per month.With its dealer network in 14 states across India,the company has made good penetration the domestic market for it's products.Given the portfolio of its high quality medicines,it has become a major supplier to many reputed companies and public institutions. order to expand it's market spread,it is now eyeing the overseas market.recently it succeeded in regestering two of its products in the CIS .This initiative will allow the company to export directly to these countries.On the overseas front ,the company is targeting the markets of Sri Lanka,Malaysia,senegal and South africa where registration procedure for different products is on and according to Mr Khemka,the impact of thsi activity will be seen Q4 of FY 2006.The company is planning to set up a new facility witha capex of 25 crore to 28 crore very soon,for which the place has been identified.to partly meet the expenditure.last year,the copmay raised rs 6 crore by way of preferential allottment.It has also tied up with a UK-based company,which will part finance the copmay's upcomong project in teh from of avances to be settled against supplies to that company.The company thus can spread its wings the European,South African,Gulf and Ruusian markets through these ties.It expectsa 100 % growth on y-o-y basis in future with the bulk chunk of revenues coming from its proposed anti cancer injectibles.The new unit will be exporting to the semi-regulated markets through its foreign tie-up. future compay will also come up with injectibles the anti-diabetes and cardiac segments."Once our expansion exercise is over,we expect a 100 per cent growth our top line" avers Mr Khemka

my current holding

AMTEK INDIA
CENTURY ENKYA
SYNCOM FORMULATION
JUPITER BIO
GRANULES
madhav marbles
EASTERN SILK
NATIONAL STEEL
AARTI IND
AGRO DUTCH
RAIPUR ALLOYS
WS IND
RTS
JJ EXPORTS
SANJIVANI PARENTAL
PARAS PETRO
SYNCOM FORMULATION

17th feb

nagreeka had 108...hope pple booked profit....i dont hold any position now
have booked profit in karuturi too...will buy at lower levels arnd 90-100 now
keeep holding on rts....alps industries

short term play

raipur alloys.....book profit arnd 75-80...right now 65.
ws ind....right now 55....sell arnd 62-65


investment play

aarti industries can be bought at cpm of 80 with downside of max 70....can turn to be a multibagger according to me....buy n forget for 12-18 months

amtek india: good buy at current price n at every 5% dip frm here....lots is expected in the budget....can see some action.....quality stock lying low

KARUR KCP

Karur KCP Packkaging is a south based company engaged in paper /paper packaging and bulk paper packaging products.The companies products cater to the cement , carbon black, fertiliser industries to mentino a few.
The company is reported to be performing exceedinglky well duroing the current year.

POSITIVES

1)40% MARKET SHARE IN THE SOUTH CEMENT COMPANIES

2) 100% MKT SHARE IN CARBON BLACK INDUSTRY

3) COMPANY HAS SWAPPED ITS HIGH INTEREST BEARING DEBT AS ARESULT OF WHICH AVG COST OF DEBT TO COME DOWN FROM THE CURRENT 13/14% TO 9/10% IN THE NEXT FINANCIAL YEAR.

4)IT IS THE ONLY MANUFACTURER OF EXTENSIBLE SACK KRAFT PAPER (E S K P)

5)THE FLEXIBLE INTERMEDIATE BULK CONTAINER (F I B C ) IS AN 100% EXPORT MKT

6)MAJOR EXPANSION PLANS UNDER IMPLEMENTATION

7)PLANS TO COME OUT WITH A FCCB ISSUE IN THE NEAR FUTURE

8)AN ACQUISITION OF A SMALL SOUTH BASED COMPANY IN THE SAME BUSINESS IN PIPELINE


For the current year to end i project the company to end the year with RS 9/10 EPS and CASH Eps of rs 14/15

for the next financial year on a conservative basis the projected EPS is in the range of RS 14/15 AND CASH EPS OF 20/21

markets on 13th feb 2006

agro dutch up 3%...
gupta synth up another 4%.....now thts something tht i didnt expect.....lets see where it goes frm here....i booked out frm it 2 days bck
century enka up 10% touching 200.....i hope pple bought at 170 to average out their price.....long term is still bullish for this company....thts wht i feel
sanjivani down another 7%....hoping the down trend will end sooon
aksh optifibre...up 10%...watch the movement closely
alps up another 5%
nagreeka exp another 10% up...frm 80 to 105....nice run....keep holding.....keep 100 as stoploss for the time being

aarvee denim is 4% up....keep holding
jj exports...one can buy some at current levels.....for a very short term profit ....sell arnd 93-95
karuturi.....gave a nice rise of 50% frm 80 levels to 137 levels...keep holding...start booking profit on a negative close with every dip
agro dutch....keep holding....rising bck
hope pple book profit in gupta synth.....buy bck again during correction.....i have sold all my holdings in it....waiting for a lower level now
syncom form.....can be bought with a strict stoploss of 70...right now 72....sell once 90-95 level is acheived
sanjivani parental falling day by day......frm60 to 42 levels......aggresive investors can take some position in this....i am holding on to this one
raipur alloys....can be bought at current levels of 63 witha stop loss of 60...book profit arnd 80
pricol....keep a watch on this one..a must buy for quality play at 38 levels n below
hold on to rts
alps 10% up......keep holding....boook 20% if it hits another circuit in the next 2-3 days
aarti up 6%....bck to my buy price....good growth story
nagreeka exports....up 10%...book profit on negative closing

INTERVIEW WITH MARK FABER- INVESTMENT GURU

With the Indian markets in the grip of a bull run, concerns are being raised as to how long this run will continue. Is this a bubble waiting to burst or is there some substance in the boom? Investment Guru, Marc Faber encountered many such questions volleyed at him in a tête-à-tête with top market analysts and investment advisors, organised by CNBC-TV18.

Allaying the concerns of the investors and analysts alike, he says that just as bear run, bull run, too, can have a longer spell. Citing the famous Japanese example, he says that the bull run can last as long as 15 to 20 years.

Excerpts from CNBC-TV18's exclusive tête-à-tête with Marc Faber:

Q: We are at historic levels, there is a lot of euphoria and good cheer going around at 10,000? What are your thoughts on India as you see it now?
A: I do not do the stock selection as far as the market is concerned. Since May 2003, we have gone up by more than three times. There are some signs that the market is over heated.
We had basically in India bear market from 1994 to 2003 in dollar terms. The index in logo currency terms didn't go down but in dollar terms it went down. So you had basically a nine-years bear market. Now we are in the seventh year of a bull market.
I believe all asset markets at the present time including commodity markets and stock markets around the world are overheated right now. And, may be within the next two weeks a sharp correction will get under way.
But traditionally if you start from a long base then the bull markets can also last for a long time. The bull market in Japan lasted roughly from 1970-1989 and in the US we lasted from 1982-2000. So the bull market can easily be 10-15-20 years long. A bear market can also last for 20 years
Q: Do all bull markets end in a bubble?
A: Every bull market that has been very persistent will in the end attract money from all over the place. In other words, if you have four-asset class real estate, stocks, commodities and bonds, NASDAQ will perform well for 10 years. Everybody will say that this is a new economy and you have to invest in NASDAQ and divide all the economic stocks because they never move. So, also in terms of commodities we had in the late 1990 a situation where if you said to someone that you should buy sugar or gold but then you would say that commodities only go down and then they would list you hundreds of reasons why commodities would never go up again in your life time and why NASDAQ stocks would always rise by 15-20% per annum.

Q: You mentioned that over the last couple of years all asset classes have actually gone up. There is one asset class where the prices have come down. Do you think the fact that the money is now cheaper will actually make sure that we are on a sustained growth path both as an economy and as well as a market?
A: The cost of money is not an asset class. It is essentially the price of a commodity that is the price of money. The price of money has come down has come down everywhere in the world as a result of extremely expansionary monitory policies in the US post 200, when the Fed became concerned about deflation.
So we have had very low interest rates in real terms in the US, when the Fed fund rate was at 1%. Now the Fed fund rate is at 4.5% but it is still an expansionary monitory policy and in mean time inflation is also accelerating. So in real terms, interest rates, in my opinion are still negative.
Worldwide inflation has come down. I believe that we are moving now into rising interest rates structure. In the next three months we could see little bit of easing in the interest rates in the US.
But in the long - term, I believe that inflationary pressures will build in the world and the worst investments would be long - term government bonds in the US dollar.
Q: How long do you think the world economy can remain insulated to the higher energy costs? If one look at the inflation numbers, worldwide inflation is somewhere around 3%, or slightly under it.
A: Between 1970 and 1980 the price of oil went from USD 70 to USD 50. In the seventies the global economy continued to expand because sufficient money was being printed. But it ended in higher inflation rates in 1978 - 1980.
If the US prints enough money, it won't mean that economy will necessarily go into a recession. Of course, if oil prices rise very significantly from here, it may begin to have an impact on inflation figures. And, that would impact on bond market.
Inflation in the world is around 3%. That is for the typical household in the US. The education costs are rising at double digits, so are healthcare costs.
Q: Equities and commodities, both have rallied together, which one will have to give up because both can't rally?
A: In general the best time for equities is an environment of a falling commodity prices such as we had in 1921, 1929, 1980, 2000. For, in times of falling commodity prices, margins of corporations can expand as they buy commodities at lower costs. So input prices decline and the selling price is adjusted only over a time to a lower level.
The margins expand because interest rates in the long run follow the commodity prices. This has been the pattern for the last 2000 years and I don't think that has changed in any way.
It is true that since 2002 we have an unusual situation where stocks have rallied coupled with bonds, commodities and real estate.
When the real estate and commodities go up, it is a clear symptom of inflation. So bonds shouldn't have rallied at the same time but they have.
Q: There is a general feeling that the Indian markets are fairly over heated, fairly fully valued. You as an investor and in your experience of the south emerging markets, what you believe would be the key structural factors or the key structural changes in the Indian economy which could possibly lead to some amount of re-rating of the Indian markets?

A: We have had re-rating of India in the sense that for the first time in the history of modern capitalism India has become an asset class. By the way commodites have also become an asset class among institutions and there are a lot of financial institutions in the world and also a lot of rich people they realize.
According to the global stock market capitalist Asian, America still makes up 52% of global stock market, capitalist Asian and Japan is now down to 9% and the rest of Asia including China, India, Vietnam and the whole of South East Asian region is only 3.5% - 4%.
Some people look at India and say a billion people, some very promising industries. It is an early stage of economic development, if all goes well then you have a huge potential for infrastructure, agriculture, for consumption, for housing we want to have more than 1% of our money in India and less than 52% in the United States. A lot of money will still come to India and be supportive of the market. It doesn't mean the market will go up and the momentum players will one day sell India.

Q: What is your view on tea as a commodity?

A: Well, I am not a tea expert so I do not know the tea plantations stocks in India very well. But in general I would say agricultural commodities are the commodities that haven't moved yet in this bull market and when you look at the stock market or a commodities market, then you will have different sectors that will move at different times.
In commodities, the price of coffee and coco has nothing to do with industrial production in the world. It has to do with the demand and the supply of that particular commodity.
So I think that what we had in the last couple of years is a huge bull market in industrial commodities because suddenly the world work up to incremental demand from China and everybody is saying China is buying this and that and so the prices of industrial commodities in my opinion, in some cases, are actually too high; like copper and I think the copper prices will eventually adjust quite significantly on the downside.
On the other hand of the spectrum the price of cotton is low and the price of wheat, corn, soybeans and other agricultural commodities, sugar has started to move. But the sugar bull markets are very rare but when they occur they can be very powerful.

Q: In view of the demand coming from China and Pakistan for sugar, and crop failure in Thailand, do you see the demand jacking up, particularly in Asian regions? How would it impact on the global pricing of sugar?

A: Well, I think the demand for sugar is rising from some countries; even India and China, but mostly the driving factor of the sugar market in future is going to be the production of ethanol.
It is very clear to me that in Asia the demand for energy will continue to rise very substantially. In my opinion Asia now consumes 22 million barrel of oil a day on a production of 84 million barrel of oil a day. I think Asia's oil demand will double in the next 10-12 years. Countries like China and India cannot only rely on crude oil shipments from the Middle East and Africa to satisfy their future energy needs.
So what we will have is the production of ethanol like in Brazil, and we will also have much more production of nuclear power. Therefore I am personally optimistic about the outlook for uranium.

Q: How do foreign investors view the issue of government's policy response? This present government hasn't done anything earthshaking so as to take the credit for this bull market. How do foreign investors view this kind of a lackadaisical response in terms of taking reforms forward?

A: I think it is a very good question; I think the present government in India has done very little which is extremely positive because other governments have done a lot, but it was all wrong. So it is a huge improvement relatively speaking.
But obviously I believe in India. You should not expect that reforms will come from any government. The government is removed from any kind of reality. What has happened over the last five years is that business itself has reformed and society has changed a lot and a new society and also new businesses have come up especially in the IT sector and the pharmaceutical sector. This business environment that has been created now, outside the government and the business sector will force reforms upon the government.
So it is not the government that will reform the economy but it is the economy that will reform the government in India and it is very obvious. You see for instance, the discount airlines in India, and as you know the airline traffic has risen very substantially in terms of passengers carried annually.
So one the private sector has reformed itself, has done a fantastic job and the other is the government sector, as represented by the airport, that taught us about the worst in the whole world; Africa aside. Now because the airline traffic has increased so much the government is scratching its head and saying, well we better start to also look at the airports because otherwise people won't be able to get in and out of airports. That is where the bottleneck is occurring.

Q: Does it frustrate you or other foreign investors, because things keep getting talked about but very little happens on the ground and when it does happen, it takes a lot of time?

A: Frequently foreign investors ask wrong questions. I look at it as a positive from a long-term perspective. India has suffered on the kind of government it has had for the last 35 years. We are about to say that the miracle of India is that business in the last five years has developed as well as it has despite the government.
As an investor I am looking at the future, I say to myself, Thailand, Malaysia, they have relatively well organised infrastructure; but what is the upside potential in those countries. In my opinion economically relatively limited. What is the upside potentially in India, India has a reasonable environment where infrastructure is put in place and where the liberalisation of economy continues, where the real estate market improves, then I would say just domestically without any incentive the economic growth line is 6% to 8% very easily, if the government become pro-business which is not likely in the near term.
The macro economic potential of India is similar to say Brazil . At the end of the 1980's when the whole world said that Brazil is the land of the future but it will remain the land of the future pickers, and in the next 15 years, Brazil has improved dramatically.

Q: Do you think funds will allocate more money into commodities rather than equities? Will that affect margin of corporations worldwide?
A: Every asset market is over heated because of hedge fund buying. Treasury operation has become a huge source of profits. Many corporations make out of their treasury operation more money than out of their manufacturing business.
So everybody in the world basically is a hedge fund. What you will eventually get is huge movements in markets where you over-shoot in one sector and then under-shoot again and so forth. In all commodities there is at least a 20% premium that is represented by essential investors. There is huge premium by people who are speculators. They are not interested in the companies that they buy. Rather they are interested in the momentum.

Q: When you do see a substantial revaluation of the Chinese Yuan and what do you think would be the effects on the emerging economies especially in the Indian economy?
A: The Chinese fixed the currency in 1994 against the US dollar and left the peg unchanged until the summer. Now in a cosmetic revaluation, they have slightly revalued the currency.
In my opinion the Chinese could revalue by 100% and would still have a current accounts surplus. They would still be comparative.
I suppose the currency will have an upward movement against the US dollar in the long run. It suited the Chinese quite well to keep the currency where it was. It meant that all the investments came to China and boosted the economic growth rates in China. It transferred technology to China, management skills and was very beneficial for the Chinese economy

jupiter bioscience update

HYDERABAD, FEB 2: Jupiter Bioscience Ltd, engaged in synthesising peptides in solid and solution phases besides working on recombinant technology, is planning a slew of initiatives to introduce generic peptide drugs in the therapeutic areas of oncology, neurology, immunology and cardiovascular areas. Having bagged two orders from Aventis, with each order worth $1 lakh, for supplying raw peptide materials, the company is looking to consolidate in the global market for peptides using its US and India facility.
‘‘We have planned to become an integrated global leader in the peptide industry by 2009 working right from synthesis of raw materials to the finished dosage form,’’ Venkat R Kalavakolanu, CMD, said. Giving a breakup of the expected turnover by 2009, he said that 60% of the revenues is expected from peptides, 20% from organic, 10% from chiral and 10% from recombinant, he added.
Moreover, the company has signed an industrial relations programme with the Massachusetts Institute of Technology (MIT), Boston for conducting research on four peptides for human tissue engineering, Mr Kalavakolanu informed. It has opened its US office to enhance its presence in peptides and peptide-based drugs business in the global market besides setting up manufacturing facilities for peptide-based bulk actives.
The company is looking at peptides as a raw material and the future plan of action in R&D include development of newer coupling agents and peptide reagents which are used in peptide synthesis of products which are essentially vaccines, peptide antibiotics and drugs.
The other course of marketing action include setting up a production facility in the US for regulated markets which means that raw materials will be supplied from India and peptides made in the US to be sold in the US, UK and Japan.
‘‘Targeting both the generic and research segment, the company is setting up a facility in the US with an investment of $4 million’’ Mr Kalavakolanu said. The Rs 80-crore company is also in the process of raising funds through private equity of close to $90 crore in the next 6-8 weeks and targeting a turnover of Rs 135 crore by 2006-07.
Explaining that the global peptide market is about $5 billion, he said that India’s share is just 1%. Though pesticides are a small volume game and requires no huge infrastructure, it has less toxicity levels

TTK PRESTIGE

TTK Prestige plans to make fresh investment of Rs 20 crore in the next two years to set up new manufacturing facilities in Uttaranchal and Coimbatore to augment its pressure cooker capacity. This will take its total capacity to 1.7 million units by this year. Apart from its main production unit in Hosur, Prestige had a small facility in the Banglore city. The company would be relocating its Bangalore production unit to Coimbatore, which is expected to go on stream this year. The Uttaranchal unit would be set up exclusively for producing the `inner lid' pressure cookers, more popular in the northern markets. The unit would start production in the next two years. The company has also drawn up media campaign plans to build its brand with an expenditure of Rs 50 crore in the next two years. According to a company spokesman, the investment of Rs 20 crore would be leveraged from its internal accruals to spend on the new production facilities and for adoption of ERP solutions covering all its manufacturing, sourcing and retail chains and setting up of Prestige Kitchen Boutique and the Rural Retail Chain. Prestige Boutique Kitchen, which is a new retail format for modular kitchens, was launched last year and is part of the Prestige Smart Kitchen chain in select outlets in Bangalore. It now proposes to establish a separate retail chain for selling a wide range of modular kitchens. "The company has already progressed a great deal in sourcing high end appliances from China. It will introduce many new categories of electrical appliances that have great potential in today's modern kitchens. These include chimneys, hobs, microwave ovens, kettles, toasters, coffee makers and grills. All of these will only add significantly to the growth potential of the company," the spokesman told Business Line. The retail outlets would be doubled by March 2007 from the current 72 units, to be set up largely in the northern and eastern markets, where the company hopes to increase its brand salience through its lead product "Prestige Nakshatra'', the inner-lid cooker model, the spokesman said source: businessline

A LONG TERM BUY DURING CORRECTION.....WAIT FOR A DIP

monsanto india

Monsanto India Ltd. (MIL) is a subsidiary of Monsanto Company USA, a global leader in agricultural products solutions worldwide. Set up in 1949 MIL has been providing farmers with products that have contributed substantially to agricultural productivity and effective weed control practice to boost yields in keeping with the principles of sustainable development. The company’s products include herbicides like Machete, Lasso, Leader and Roundup and high quality seeds Asgrows and Deklab for maize and sunflower respectively. Machete, the first rice herbicide was launched in India in 1975 and still continues to be a leading weed control tool for soyabean farmers in western India. Roundup is providing plantation growers with a leading edge weed control solution since 1991. Leader a new generation herbicide was launched in 1998 for post-emergent weed control in wheat.MIL is a committed participant in the seed industry. High yield crop varieties and hybrid crops such as corn, sunflower and cotton are important crops that the company is committed to developing. The agriculture sector has made tremendous strides over the years. India now is the largest producer of wheat, fruits, cashew nuts and tea in the world and the second largest producer of vegetables and fruits. Food grain production has increased four fold in 50 years to over 200 million tonnes today. Monsanto is an agricultural company. Globally it supplies innovation and technology to make farmers all over the world more productive and profitable by improving the way in which they can produce food, feed and fibre.On the financials, the company has been doing well with turnover improving to Rs.378.53 Crores in FY 05 compared to Rs.333.3 Crores in FY 04. Net Profit has moved up to Rs.76.78 Crores against Rs.69.30 CRS in the previous period.For FY 05, the equity capital was Rs 8.63 Crores while Reserves and Surplus stood at Rs.373.57 Crores accounting for a book value of Rs.442.87. The Earnings per share for FY 05 was a healthy Rs 88.95 compared to Rs. 80.30 in FY 04. Dividend paid was 230% as against 200% in the previous year.Market intelligence indicates that the company would wind up the year FY 06 with an earnings per share between Rs.125/- to Rs. 130/- and the earnings would jump up further to around Rs.200 in FY 07.For FY 06, the book value per share is estimated at around Rs.540. In all likelihood the company is expected to announce a bonus issue in the ratio of 1:1 as well as a stock split in the ratio of 1:10.

templeton n azim have holdings in this one........wait for the market to correct.......a price arnd 1500-1600 will be a good price to acquire this jem

ASHIANA HOUSING

AN EXTRACT FROM SOME SITE

On a conservative basis company is likely to do sales of Rs120mn in Q4FY06 with profits of Rs20-22mn. Thus ending FY07 with EPS of Rs9

In FY07 sales are likely to be Rs600mn and profits in the range of Rs90-120mn.

In FY08 company is likely to record revenues of Rs1000mn with net profits in the range of Rs150-200mn.

All its projects are on schedule.

Company also has plans of equity dilution to raise funds for purchase of new properties.

walchandnagar industries

Walchandnagar Industries-Engineering Excellence
CMP Rs 610

Shares in issue: 3 mn
Market Cap: Rs 201 crore
Currrent Revenues: Rs 258 crore
Order Book : Rs 500 crore
Promoters Holding: 47.4 per cent
Reliance Capital TC: 4.99 per cent
LIC: 7.03 per cent
Oriental Insurance: 2.46 per cent
The Rs 258 crore Walchandnagar Industries is one of those entities which should find adequate reflection into any portfolio that wishes to have an exposure to the growing demand for engineering products. Walchandnagar Industries (WIL), offers that one stop entry point into a diverse selection of industries that range from Space, Sugar to Power.

Financials
For the year ended September 2005, WIL reported Revenues of Rs 258 crore, with after tax profits of Rs 7.7 crore. For the Q1 to December 2005, WIL has reported Revenues of Rs 55 crore, with after tax profits of Rs 1.35 crore. On FY O5 EPS of Rs 25.7, the stock fetches a PE of 26. This is not a cheap stock by any standards, but the stock holds out the promise of accelerating the rate of earnings growth during FY06, as the business gets scaled. What is most important that WIL is focusing on all the growth sectors of the Economy at present.
Space Odyssey
October 15, 1994", as the World looked on in awe. India's D-2 Polar Satellite Launch Vehicle lifted its head and soared higher & higher piercing the skies, till it was out of sight of the millions of jubilant eyes. A promise fulfilled. Another step taken by the Nation in pursuit of technical excellence.
WIL once again received accolades from ISRO and VSSC for having successfully contributed in another colossal effort. WIL had manufactured and supplied first stage booster motor castings along with nozzles for a rocket which demanded highest degree of precision and accuracy.
Large Infrastructure
This was not the first time that WIL had proved its technical competence, gained over the years through unrelenting efforts and an enviable manufacturing infrastructure; an infrastructure that boasts of having an area of 32,680 sq.meters under crane, facilitating manufacture of any critical pressure vessel/heat exchanger of thickness up to 125 mm weighing almost 125 tonnes.
Quality being the prime objective, WIL has kept pace with the latest developments in the field and has been updating the quality control facilities over the years. This ensures that the highest standards of quality such as ISO,ISI,ASME,ASTM and DIN are met effectively. To make the systems foolproof periodic quality audits are conducted. Various jobs being manufactured at WIL have to pass through the stringent inspection criteria of agencies like LLOYDS,Bureau-Veritas, Linde-Consortium, EIL and PDIL.
ISO 9001 Certifications
With elaborate quality and systems and procedures established over for years, WIL has acquired the ISO 9001 accreditation from LLoyds Register of Quality Assurance(LRQA).
WIL's technological excellence is supplemented through various collaborations with internationally renowned companies for Sugar machinery, Industrial Boilers, Gears and Centrifuges.
In addition to successfully absorbing this international technology, WIL on its own also developed highly sophisticated engineering capability to meet the growing needs of modern customers - Auto-Setting Mill, patented World-wide was the result of such hi-tech capability. And its recent tie-up with ONODA ENGINEERING CO.JAPAN for up-to-date technical know-how to manufacture Cement Machinery gives WIL an edge as the newer opportunities emerge. WIL is ready to grab them.
Looking Overseas
Having carved a niche and established itself as a supplier of quality engineering products in the domestic market, it was but natural that WIL made forays in the international market. It operates with full confidence in the challenging arena of global competition. The successful execution of turnkey Sugar Projects in Uganda, Malaysia, Tanzania and Cement Projects in Indonesia and Nepal speaks volumes of the engineering excellence achieved over the years.
Outlook
In pursuit of higher and higher targets, WIL has ambitious plans for lateral as well as vertical expansion. Its 258 Crore turnover is likely to grow manifold in the next five years- thanks largely to an established base of committed customers and ambitious plans to enter diverse areas like Horticulture, Financial Services Sector, Sugar Production, Construction.
WIL maintains a self-contained township at Walchandnagar, 135 Kms South-East of Pune, a metropolitan set-up with all the modern urban facilities makes it a unique Industrial Township which is free from pollution and traffic jams.
Striving relentlessly to uphold the tradition of Engineering Excellence set by the founder Seth Walchand Hirachand, WIL is poised to take on greater challenges. The future, indeed,holds promise .....the period of growth has now begun

buy during dips......arnd 500 or below will be a good oppurtunity

jik industries (penny stock)----juss an report

JIK Industries financial restructuring plan gets High Court clearance 2/1/2006 6:08:20 PM IST JIK Industries Ltd's proposal for its financial restructuring has now got the green signal from the Honorable High Court of Bombay. The Company proposed a scheme of arrangement with Fixed Deposit Holders, Non-Convertible Debenture Holders and other unsecured Creditors, u/s 391 of the Companies Act, 1956.The meeting of creditors was convened and scheme was passed in favor of converting the debt into equity shares (face value of Re1 with a premium of Rs2 per share). The total conversion of debt under the scheme is Rs296.8mn. This scheme led to an expansion in the company's equity base by approximately Rs100mn with simultaneous debt reduction of approximately Rs300mn. The company, which was once in Bombay Stock Exchange 500 Index, was going through a bad patch for last couple of years.The scheme was passed with thumping majority and the creditors were agreeable to take shares of face value Re1 at a premium of Rs2, reposing faith in the company, the management and the future plans of the crystal business.The scheme benefits all the stakeholders of the company. The scheme benefits the company as the debt structure is better aligned with the operations of its extremely promising crystal business.This dual benefit in form of reduced debt burden and interest cost will help the company immensely by approx. Rs300mn and simultaneously adding Rs300mn to its net worth. This in turn would benefit the new shareholders too (FD, NCD and unsecured creditors) who would not only see recovery of their dues but also may gain substantial profits if the share price were to exceed issue price. This has immense benefit to new and existing shareholders of a financially healthy company.In July '04 a major accident at the chemical plant caused heavy damages resulting in a complete closure of the plant. Reviving the business becomes unviable. In view of the aforesaid developments, the management decided to discontinue the chemical business. In August 2004, the compound wall of Clariant India Limited (Color Chem) collapsed and fell inside the company's crystal glass plant at Balkum, Thane damaging the gasoline and compressed air pipelines resulting in further damages to the furnaces. Due to this incident the company was forced to halt the activity

its low for the past 8-9 months has been 2......so it can be taken as a stoploss if one decides to take position in it.....arnd max 15% downside frm here considering the stoploss of 2

8th feb recomm

gupta synth beeen in circuit for so many days...i booked out my profit at 182 1-2 days bck.....gave a nice ride frm 130 levels....wait for a correction to buy again arnd 140

karuturi still in circuit....those holding can book some profit when the circuit takes a hold n it closes with negative.....have run frm 85 levels to current 136 levels almost non stop...a good buy again arnd 90-100 levels

agro dutch has revieved frm 34 levels to 41...a sign of relieve.....one can continue holding to it according to me

stocks like sanjivani.....raipur alloys have been hammered a bit.....one can start accumulating according to me for medium to long term

rts holding strong as usual....slowly n slowly inching up everyday....was advised arnd 55 levels a months bck...right now 80

nagreeka exports 4% up.......some news r expected to out...can can take fresh position...was suggested by me arnd 80 a week bck

paras petro....a penny stock......one can buy at current level n keep adding at evry fall...close source with the owner

international combustion

The revenues of International Combustion India Ltd (ICIL) grew by a robust 29.3% year on year (yoy) to Rs16.3 crore in Q3FY2006 on the back of the strong performance of the heavy engineering division (HED).
The operating profit margin (OPM) of the company improved by 620 basis points yoy to 16.9% in Q3FY2006 mainly on account of the lower material cost and the leverage effect coming into play.
The robust performance on the operating profit front was reflected in the bottom line as the net profit grew 110.4% yoy to Rs1.4 crore. The earnings for the quarter stood at Rs6.5 per share, in line with our estimates.
The HED continued with its growth momentum in the quarter registering a strong revenue growth of 41.2% yoy to Rs12.9 crore. But the PBIT margins saw a marginal fall of 170 basis points yoy to 26.1% primarily on account of the change in the product mix.
ICIL has a healthy order book of Rs50 crore which is 1.1x its FY2005 revenues, thus imparting a strong visibility to its earnings. The order book grew by 56.0% on a quarter-on-quarter (q-o-q) basis.
We expect the company to report earnings of Rs22.9 per share in FY2006E and of Rs42.5 per share in FY2007E. ICIL is currently trading at a PER of 8.3X its FY2007E earnings and 4.9X its FY2007E enterprise value/earnings before interest, depreciation, tax and amortisation (EV/EBIDTA). We maintain our Buy recommendation on the stock with a price target of Rs450.

orchid chemicals

Orchid Chemicals and Pharmaceuticals, historically a manufacturer of bulk drugs, has now entered the high-revenue, high-margin business of finished dosages in the USA. It has tied up with US counterparts for selling 16 anti-biotic formulations, representing a cumulative market size of US$3.2 billion in the USA, from 2006 onwards. This transition from a bulk drug manufacturer to an integrated manufacturer of formulations has resulted in higher valuations.
Orchid has made marketing alliances with US companies for the sale of 20 lifestyle drugs representing a market size of US$20 billion. By signing deals with companies such as Apotex, Par and Stada, Orchid is assured of a significant market share in the highly competitive US lifestyle market. Thus the lifestyle segment in the regulated markets provides a huge opportunity for the company from FY2008 onwards.
This year, Orchid has repaid Rs265 crore of its high-cost debt. Going ahead, we thus expect interest savings of close to Rs19 crore, which would add to the bottom line directly in FY2007. As a result we expect the net profit margin (NPM) of Orchid to increase from 4.6%in FY2005 to 13.9% in FY2007. We expect the profit after tax (PAT) to increase 4.5 times from Rs31 crore in FY2005 to Rs138 crore in FY2007, at a compounded annual growth rate (CAGR) of over 110%. These figures indicate the company's huge potential, which should materialise over the coming years.
At the current market price of Rs254, Orchid is trading at 7.5x its FY2007E cash earnings per share (EPS); that is a deep discount to its peers like Lupin and Torrent Pharma. Hence we assign it a price/cash earnings (PE) multiple of Rs10.5 for FY2007 and initiate a Buy recommendation with an 18-month price target of Rs355

nelco

Price target: Rs216
Current market price: Rs144

Nelco is benefiting immensely from its past initiatives to focus on the niche market of security and surveillance systems for the defence forces. Given its alliances/tie-ups with leading global majors, the company has been able to establish itself as a reliable supplier of superior technology products. On the demand side, the government has considerably enhanced its spending on electronic communication warfare systems and is encouraging private participation. Consequently, the strategic electronic business of Nelco is poised to grow at a compounded annual growth rate (CAGR) of 40% over the next three years.
Robust industrial demand: In the light of the increased investments by the key user industries, such as steel, cement and utilities, the company is witnessing a robust growth in its other businesses of SCADA and power drive systems. It has built a robust order pipeline, which has improved the growth visibility of these businesses significantly. Another key business division of VSAT-based network systems is also growing at a steady rate.
Margins to firm up: The margins have improved significantly in the last fiscal to double-digit levels. The operating profit margin (OPM; excluding the real estate inflow) is likely to improve further and stabilise around 20-22% on the back of a higher contribution from the high-margin defence orders and service business.
Realty gains: It will further unlock the value in its real estate business by developing 50,000 square feet (sq. ft.) of saleable area in each of the next three years. We estimate the fair value of the cash flows from the real estate business at Rs10 per share.

Attractive valuations: At the current market price of Rs144, the stock trades at a discount of 9.9x its FY2007 estimated earnings. We initiate coverage on Nelco with a Buy recommendation and a 12-month price target of Rs216.

lupin

Price target: Rs1,130
Current market price: Rs807

Key points

Lupin has a vast reach in the domestic formulation segment. The company is now focusing on high growth lifestyle segments and with aggressive new launches in FY2006 we expect the revenues from the domestic formulations segment to increase by 33% from Rs455 crore in FY2005 to Rs608 crore in FY2006.
The company has received approvals for eight formulation products from the US Food and Drug Administration (USFDA). As a result of the successful launches in the high-margin US market we expect the revenues to increase from Rs19 crore in FY2005 to Rs165 crore in FY2006 representing a growth of 769%.
The boost in Lupin’s regulated bulk revenues will come in FY2007 as two drugs—Simvastatin and Pravastatin—go off patent during this year having a market size of USD5.5 billion in the USA. Overall, we expect the sale of bulk drugs in advanced markets to increase by 61.7% from FY2006 to FY2007 on the back of the exports of statins.
We expect the consolidated net sales to increase to Rs1,741 crore in FY2007. The foray into the regulated markets and the margin improvement is expected to boost the net profit to Rs230.6 crore in FY2007 at a compounded annual growth rate (CAGR) of 61.8% from FY2005. At the current market price of Rs807, Lupin is trading at 14x its FY2007 earnings estimate. Lupin’s valuation looks very cheap and attractive when compared to its peers.
Keeping in mind this overall growth of Lupin in all the areas like formulations, bulk drugs and research, we initiate a BUY recommendation on Lupin with an 12-month price target of Rs1,130

ESKAY K'N'IT

From the promoters of bank of rajasthan has put in excellent numbers during q3...wherein it posted 2470% increased in net profit of rs.13.4 cr on 61% higher sales of rs.126..during fy05, the company posed a profit of 1.6 cr for the 1st time since 9/11 which had resulted in cancellation of mass orders sinking the company into red

its eq capital is 28.1 crs....n reserves of 281 crs....book value works out to be 8.1 on a face value of 1....promoters hold 65%.....institution n corporate...10%....leaving 24% with public

ekil is on the right path right now as the promoters have chalked out a major expansion plan n foray into retail stores to cash in on the textile n retail boom
its products r used by many international brands like academy sports...costo..dominoes...urgent gear...tank..woolworth....jk williams....rivaldi etc n local brands like...vip...park avenue...proline

the company has decided to setup 8 malls at an investment of 5-6 crs each

the shares r traded at at 7.16 discounting its 1.4 eps by 5 times for 06 n forward eps of 2 by 4.2 times....industry avg Pe of 32 times....LOOKS QUITE ATTRACTIVE TO ME

alps update

Alps Industries Ltd has informed BSE that the Company has achieved the status of undisputed market leader with over 30 percent market share in organized sector of window covering segment, which are marketed under the brand name "Vista". Vista is the most visible brand in home furnishing segment in India and is recognized as a National brand.The company exports its products to leading retail chains across Europe and North America which are slowly recognizing India as outsourcing hub. The ready-to-use home furnishing items like bed sheets, bed covers, cushion covers, mats, table linen of the Company have gained wide acceptance in Europe and USA, particularly with its unique eco-friendly appeal brought by own-developed patented technology of application of natural dyes to textiles.The Company has been working in the area of extraction and application of natural dyes (dyes made from forest and agricultural waste as against chemical dyes) for more than a decade. The company holds patents for application methodology developed in this respect.The company has entered into an agreement for sale of technology pertaining to application of natural dyes to textiles with a South East Asian company. Under the agreement the company will provide transfer of technology and training to the personnel of the buyer for this patented application methodology of natural dyes to various textile fibers

garware wall rope...juss a report

company’s products find usage in many applications such as coastal protection and river training, ground improvements, reinforced soil walls, road repair and construction, rockfall protection, scour protection, soil slope stabilisation, trackbed stabilisation and waste containment. The large investments being made in infrastructure developments has opened a large market for construction and environmental which has breightened the outlook for the company.

Company's strong relationship with the customers and well accepted brand image of its products coupled with a continuous penetration in the market by offering new products has helped to develop new business opportunities.Company has developed and introduced several innovative new products to meet the customer's specific needs in the fishing segment, especially for US, Europe and Australian markets.

it is hoped that company is heading FOR better time ahead, last year eps was rs 7 which is likely to go up to around 9 in 0506. FOR 0607 expected eps is likely to be around 12/13 with good growth in top line. strong brand name, good export sales (rs 83 crs out of total sales of rs 223 crs )high book value of 63, consistant dividend record of 22 to 25 %, makes this stock very attractive

walchandnagar ind...juss a report sharing

Walchandnagar Industries (WIL) businesses can be classified into manufacturing of heavy engineering equipment; and foundry and machine shops. Both these divisions manufacture sugar machinery, boilers (high-efficiency multi-fuel industrial boilers that use bagasse, coal, oil, wood and gas, either individually or in combination as fuel) in collaboration with Foster Wheeler of Canada), gear boxes in collaboration with Maag Gear Company of Switzerland, and material-handling equipment (for cement and sugar plants.
WIL also manufactures material handling equipment required by thermal power plants, metallurgical and steel industries; special engineering products used in (atomic energy, space research, synthetic fibers and other unique equipments related to science and Technology) and general engineering products used in heavy engineering equipment for petrochemicals, petroleum refinery, oil and gas processing, fertiliser, and hydro-electric applications.
The heavy engineering equipment business accounts for 87% of WIL’s business, with the rest coming from foundry and machine shops and 'others' (infotech, hospitality and pressure and temperature gauges businesses).
Due to fixed-price contracts and high steel prices, operating profit suffered in FY 2005. However, due to a much healthier orderbook (procured at decent rates) and lower steel prices this year, it is set to post a strong bounceback in profit.
The latest orderbook position stands higher by 28% to Rs 505 crore (on 1 January 2006) against Rs 395 crore in January 2005. Moreover, while earlier orders did not factor in higher steel prices, orders procured last year factors in higher steel prices or provides for passthrough of the rise in steel prices. Overall, orders will now fetch a much better margin as WIL has been very selective in order booking and is yet able to manage a healthy growth.
In FY 2005, WIL significantly improved its marketshare in steam generating plants, gear boxes and critical equipments for space and defence. The company is planning a special thrust to enhance its marketshare in space, defence, nuclear and co-generation power plants to take advantage of its core strength and growing opportunities in these areas.
WIL is also focusing on engineering, procurement and construction (EPC) projects and has created a separate division to execute such projects. To meet the growing requirement of manufacture of sophisticated equipment, the company is modernising and upgrading existing critical machines and adding new machines.
In FY ended September 2005, WIL recorded an export revenue of Rs 30.04 crore compared to Rs 7.58 crore—up 296%. The growth momentum in exports is likely to be sustained going forward as the company has very strong export orders. On 1 October 2005, export orders on hand were up 203% to Rs 63.59 crore as against Rs 21.07 crore a year ago. The company is actively participating in export enquiries for cement and sugar machinery.
After registering a spectacular 54% rise in revenue to Rs 99.35 crore and a jump 157% in net profit in the quarter ended September 2005, WIL recorded another sharp 54% rise in revenue to Rs 55.32 crore in the December 2005 quarter. It also registered a net profit of Rs 1.35 crore against a loss of Rs 1.10 crore a year ago.
The operting profit margin (OPM) improved from a negative 4.7% to a positive 6.6% in the quarter. The improvement in OPM is expected to continue as the company was severely affected by the abnormal increase in cost of steel material in FY 2005.
The outstanding investment in the manufacturing sector is expected to be at around mind-boggling Rs 4 lakh crore. Further, an estimated Rs 6 lakh crore are likely to be invested in various infrastructure projects, besides Rs 5 lakh crore in the power sector. These investments are bound to put the demand for the company’s heavy engineering products into a new growth orbit.
In FY ending September 2006, we expect WIL to register sales and net profit of Rs 350.42 crore and Rs 13.49 crore. Thus, in FY 2006, sales are expected to grow by 30% and net profit expected to jump 75%. On a very small equity of Rs 3 crore and face value of Rs 10 per share, EPS works out to Rs 45. The share price trades at Rs 637 (trade-to-trade segment). PE works out to only 14.2

2nd feb review

gupta synth....karuturi both going strong.....going up in circuits...keeep holding the same......dont take freash position unless u have a holding capacity of minimum 6-9 months
rts up 5%....keep holding.....lots of action is to be seen in this one

many stocks r seeing some downfall....one shld use this oppurtunity to add quality stocks....i will keep posting my buy list as sooon as stocks get to the level which i feel is quite tempting....i believe still lots of volatility is to be seeen......better keep goood position in cash

RAIPUR ALLOYS.....68 RIGHT NOW....STOP LOSS 65-63....TARGET 78-80
SYNCOM FORMULA...75 RIGHT NOW....STOPLOSS 70....TARGET 85-90
SANJIVANI PARENTAL...45 RIGHT NOW...STOP LOSS 40....TARGET 55-60 IN 1-2 MONTHS......KEEP A WATCH ON RESULTS

market to remain volatile....so dont invest more....according to one risk appetite...i have positions in all

HIMALAYA INRENATIONAL

Himalaya Inter takes up contract farming of culinary herbs:The company has made backward linkages into agriculture through contract farming arrangement with farmers at Paonta Sahib. HIMALAYA International Ltd, food processing company, has taken up contract farming of culinary herbs under its expansion programme. It has been implemented in Paonta Sahib (Sirmour), Himachal Pradesh, during the current financial year. "In the first phase, the cultivation of culinary herbs namely Dill, Basil and Thyme have been taken up on a commercial scale. These culinary herbs are also having medicinal and aromatic values due to which there is a good demand in overseas markets," Mr Man Mohan Malik, Chairman of the company, told Business Line. The company has made backward linkages into agriculture through this contract farming arrangement with farmers at Paonta Sahib. This type of farming is being undertaken for the first time in Himachal Pradesh. Under this programme, a package of crops is given to the farmers and the quality seeds and other agriculture inputs are arranged by the company apart from providing the regular technical guidance of the experienced agricultural experts of the company to the farmers. "The entire produce of the herbs is purchased by the company at rates fixed in advance," he said. "The results are encouraging. A total of 150 farmers are being involved during the current year and anticipated volume of frozen herbs should be 1,000 tonnes," Mr Malik said. The company aims to cover 5,000 acres of land in Himachal Pradesh under this programme by 2009. The food-processing plant located at Paonta Sahib has started with production of canned mushrooms, IQF vegetables, fruits and mushrooms in February 1996. The mushroom division has a technical collaboration with a reputed US company. Himalaya International has received an export order for 1.5 million lbs of IQF button mushrooms, to be shipped by September 2005. The order is valued at ,545,000, he said. It exports its quality products like mushrooms, vegetables to the US market. The company sees huge potential in this segment, as the world market for culinary herbs is valued at .3 billion, Mr Malik said. "The company has changed its focus for value-added products rather than commodity products such as canned mushrooms," Mr Malik said. "The company has established its own marketing and warehousing network in the US. The major products are frozen button mushrooms for breading industry. It has launched its cheese stuffed mushrooms in the US market," he added

Himalaya Inter: Good prospects: Hold for a year and see the profits reach Himalayan Heights.1. settlement with IDBI for loan of 14 Cr 2. interest to become nil 3. Plans to augment capacity to meet increasing order flow 4. Able to bring down antidumping duties against its exports to USA to zero 5. Reporting net profit for Q3, Q4. Now Q1 showed very good profits of 37 lakhs on equity of 15.39 cr. Considering the future stock is a good buy for long term.


Food processing firm, Himalya International Ltd had earlier bagged Rs 5.5 crore order from US FoodService. The company has secured the order worth Rs 5.5 from US-based broadline food service distributors, US FoodService, for supplying frozen stuffed mushrooms and baby potatoes. This order is directed to the east coast market of USA and shipments will be completed by October 2005

clutch auto

Clutch Auto Ltd (CAL) is the largest supplier ofclutches to the commercial vehicle and tractor segmentin India. It also caters to the passenger vehicle andreplacement demand and its clientele includes TataMotors, Ashok Leyland, Maruti Udyog, TAFE, Toyota,BEML, Escort Tractors and State TransportUndertakings, among others.We expect the company to witness a CAGR of 53.3% insales and 83.6% in profits between FY05 and FY08. Thestock is trading at a P/E of 8x FY08E earnings and aP/BV of 1.5x, which does not fully factor in theexpected high growth. The EV/EBIDTA too, looksattractive at 7.1x FY07E and 4.8x FY08E earnings. Werecommend a BUY with a one-year price target of Rs263,which represents an upside of 55.1%. Clutch is a technology intensive business dominated by6 players in the world, all operating either as jointventures or as technology partners or licensearrangements. CAL is the only standalone clutchcompany in the world, which is testimony to itstechnology capability.The company has ventured into the US truck marketthrough the aftermarket route making it the onlyoffshore company to be able to do so. It plans to be aniche player in the low volume, high value addedheavy-duty clutch segment for class 7 and 8 trucks.This is because, the replacement demand for trucks inUS, with a population of nearly 4.5-5mn units, isnearly as high (250,000 units pa) as the demand fornew trucks.CAL invested in technology, research and filed forpatents and trademarks for a number of products thatit developed. Today, the company is the onlyindependent component company from India with anindependent patents and trademarks portfolio. It hasbuilt many innovative products like the 'Cool Clutch','Whisper' and 'EZ N Lite' offering interchangeabilityunit-to-unit, component-to-component with the sameserviceability norms and tools.While the domestic market will ensure steady revenuesto the company, we expect high growth to come in fromthe export initiatives taken by the company.Presently, 25% of its revenues are on account ofexports. We expect this proportion to rise andcontribute to around 50% of revenues in the next 3-4years.The company increased its capacity for clutch discsand clutch cover assemblies by 122% and 200%respectively in FY05 to meet the growing demand forits products. The company has set up a strongdistribution network along with product liabilitycover for overseas market. It already received ordersfrom Fleet Pride, a leading heavy-duty class partsdistributor in the US

akar tools

Akar Tools is a part of the Akar group, which has three companies including R L Steel, Ajanta Auto and Akar Tools, out of which AjantaAuto will be merged into Akar Tools. Akar tools is into the business of hand tools with customers such as Bajaj Auto, Kirloskar, M&M and select importers. In FY05 it had net revenues of Rs306mn out of which exports contributed Rs225mn. Its competitors include Taparia Tools and Hind Everest

akar tool is in process of expanding capacity from rs 2400 to 3600 tonnes per anum which will be over by march 2006 being done with term loan of rs 4 crs with interest rate of rs 9/9.5 %. this take up the sales to rs 60 crs in next year there Will be addition to sales from ajanta around 25 crs.

The merged entity would have a capex of Rs20crs in FY07E, which would be financed by Rs15 crs term loan from Canara Bank and rest through internal accruals. This capex would be in current for setting up a new unit formanufacture of Parabolic Springs. This new unit would have capacity of14,000 MT, and commercial production would begin from Oct06. At fullc apacity it would give revenues of Rs150-160crs. Currently there ismonthly demand of 2,500 MT for Parabolic Spring, with Jamna Group (JaiParabolic Springs and Jamna Auto)being the market leader with 25% marketshare. It also has good export potential. It had also got a trail order worth Rs10mn from Wal-Mart which has been executed, company expects to get repeat business from them and apart from Wal-Mart it has also been working with a Fortune 500 companywhich is into similar business and so far it has had a very good relationship with them and we feel that there are chances that it may get some big orders from them.With promoter holding being 84-85% (against the stipulated limit of 74%by SEBI) we feel that the company may dilute equity in favour of any stategic investor.
company is targeting 50 % turnover from exports.

projections for 0506 are sales around rs 60 crs & profit of around rs 2.25 crs.06 07 will be sales of around 90 crs & profit of around rs 4.5 crs on capital of rs 5 crs

MYTAKE :THE COMPANY IS QUITE SMALL....SO ONE SHLD INVEST VERY SMALL AMOUNT IN IT....ONE SHLD WAIT FOR CORRECTION N SHLD BUY ARND 34 LEVELS SINCE IT HAS GOOD SUPPORT OVER THERE.

Simplex Infrastructures Ltd

Simplex Infrastructures Ltd., incorporated in 1924, is one of the largest infrastructure solutions providers today, with more than eight decades of successful operations and a current turnover of Rs10bn. Simplex has completed more than 3,000 successful projects in India, including the Howrah Bridge, Supreme Court, Reliance's Jamnagar refinery, Jamshedpur and Burnpur steel plants.Amitabh Mundhra is the whole time Director of Simplex Infrastructures. As a Director, Amitabh is responsible for leading the operations of Simplex. His responsibilities include project implementation, monitoring project progress and realization of company's vision and mission. Amitabh holds a B.Sc. Engineering Degree from Kolkata University.Speaking to Anil Mascarenhas of India Infoline, Amitabh says that "the construction industry in India has the potential to become US$ 180bn industry from current worth of US$50bn."Give us a brief overview of the new trends in the construction business.The construction sector accounts for nearly 7-8% of India's GDP and is emerging as one of the key growth segments in the economy. The sector's contribution is likely to increase in the coming years. Infrastructure, road projects, highways and power constitute a significant portion in this sector. Construction firms have shot into limelight with a strong surge in order inflows. Indian companies today have strong engineering and technical capabilities to undertake complex projects. In fact, today Indian firms have the expertise to undertake projects outside the country and compete internationally. Talent pool of skilled workers and engineers has also grown over the years.The construction industry in India has the potential to become US$180bn industry from current worth of US$50bn. Large investments in infrastructure, particularly transportation and power have almost assured the growth prospects of the business. Companies such as Simplex, L&T, and Hindustan Construction have shown tremendous growth in the past year. Smaller companies can also hope to enter these sectors through the joint venture route.The Government's mega Golden Quadrilateral and other highway projects have thrown up fresh opportunities for construction companies. Another trend that is being witnessed is focus on specific sectors by construction companies and in the road project area; a large number of joint ventures are being formed.The announcement regarding the financial SPV, utilising forex reserves, viability gap funding for infrastructure projects, programmes for urbanization and rural development etc, would provide an impetus to the infrastructure developers. However, we feel that these outlays should be translated into action, only then it would benefit the sector and the economy as a whole.How big is the potential in the Middle East, Africa and South East Asia markets? What is your current presence in these areas? What kind of orders are you expecting or targeting going ahead?Simplex has already undertaken projects worth Rs15bn abroad in the past. Presently, we are executing an EPC Contract of Qatar Petroleum that has been directly awarded from Qatar Government. Recently, Simplex has also bagged a project worth Rs1.06bn for New Doha Hotels Company for construction and completion of a 7 Star Hotel "Hilton Doha" in Qatar. The company has floated its first JV outside country in Bahrain with the local partner. The new company Almoayyed WLL, a 50:50 partnership with Simplex and Almoayyed Group (one of the largest business houses of Bahrain), would have a paid up equity capital of Rs60mn.Simplex is rapidly strengthening its foothold in overseas market and targets 50% of turnover from overseas projects in the next five years. We are aggressively exploring the markets in Middle East, West Asia, and Africa and South East Asia and plan to capitalize on all these opportunities. We are also looking at South East Asian countries and CIS countries to explore opportunities.Simplex has established offices in Dubai (UAE), Manama (Bahrain) and Doha (Qatar). Our company is also registered in Libya and Yemen. Apart from these we have our presence in Abu Dhabi, Oman, West Indies, Sri Lanka and Uzbekistan. The company is likely to bag few major projects mainly in sectors such as road and bridges, multi stored building and industrial complex this year. We are also planning to get into cross-country pipeline setting in oil and gas sector as well as in power transmission tower. We would also be looking for contracts in the hydroelectric and nuclear power segment.You made a preferential allotment to Mauritius-based Beethoven Ltd. Any dilution planned going ahead?Simplex has issued 12,85,000 equity shares of face value of Rs10 at a price of Rs726.30 per share (i.e. at a premium of Rs716.30 per share) to Beethoven Limited, a Mauritius based company on preferential allotment basis, being 14.99% of post issue equity share capital of the company. This translates into Rs933.2mn for the company; thereby strengthening the balance sheet to help fund the expansion plans. As of now there are no plans for any further dilution.What is your revenue break-up between domestic and international?The margins in exports are 2-3% higher than the domestic market. Out of our current order book of Rs40bn, about 90% of the orders are in domestic sector and 10% are exports. We have six strategic business units - Marine Construction, Transportation (Roads and bridges), Urban Infrastructure, Industrial Construction, Power plants and Piling. Marine Construction, Urban Infrastructure and Piling generate higher profit margins than the others. We are expecting a growth of at least 30% in each division over the next five years.By when do you hope to become a US$1bn company? Would bulk of the contribution come from overseas? To what extent would it be organic/ inorganic?Simplex is consciously moving up the value chain. We are today working in more valued added segments and executing large orders from profitable sectors. Simplex has already completed projects worth more than Rs100bn and our vision is to become a US$1bn company (Rs45bn) in the next five years for which we have charted a two-pronged expansion strategy through Organic and Inorganic growth.In organic growth, we would focus on specific sectors. Simplex as a turnkey player has the expertise to undertake complex large-scale infrastructure projects and is utilizing this to focus on specific sectors, Marine Construction, Power: Thermal and Nuclear, Industrial Construction, Water Management to drive the next level of growth. We are also targeting 50% of the turnover from international markets in next five years.Having undertaken projects worth more than Rs15bn in the Gulf countries in the past, we are increasingly exploring opportunities in overseas markets. We would continue to form joint ventures and acquisitions abroad.Outside collaboration becomes necessary, especially to provide financial support. In terms of technology, however we are self-sufficient. Our engineering enjoys world-class reputation. Even then it is always better to partner with a foreign company when you have to take up a project in the offshore market as this results in a lot of savings in terms of resources and time and helps us to comply with that nation's laws and legislations. Some norms set up by World Bank also forces us to have foreign collaborations. As mentioned earlier, we have also recently signed a JV in Bahrain with an equity base of 6 crores.What is your current order book? By when will the orders be executed?The current order book stands close to Rs40bn. Few of our projects include EPC project of Nagarjuna Thermal Power Plant (Rs9.80bn), Vedanta Aluminum Project (Rs3bn), the largest marine project from Gateway Terminal at JNPT (Rs1.08bn), Rs2.08bn contract from Jindal Power Ltd., roads and highways projects on Golden Quadrilateral, Construction of few steel plants worth Rs4.50bn and Irrigation works in Andhra Pradesh. At present, we are completing orders worth Rs1.25bn-1.50bn per month.Comment on your financials? What kind of growth are you expecting? Could you give your outlook for the next two years?In continuation with our last few quarters trend, we have begun the year on a healthy and positive note. The buoyant performance has also encouraged the company to achieve similar growth pattern in the monsoon quarters, which are generally considered the lean quarter in the industry. These quarters are the trendsetters for the forthcoming quarters. The improved profitability is attributed to the large number of projects undertaken domestically and internationally in nearly all the sectors of construction - Industrial, Power, Marine Construction, and Water Management and Urban Infrastructure. In case of a relatively lean phase in one or two sectors, our strong presence in all sectors helps us sustain this healthy growth rate.In the first quarter, the net profit increased to Rs116.2mn from Rs13.7mn in the corresponding period last fiscal (Q1 FY06). Sales rose to Rs3.11bn from Rs1.73bn. In the second quarter, the company registered a jump of 526.57% in net profit, which increased to Rs89.6mn from Rs14.3mn in the corresponding period last year. Net sales registered an increase of 27.31% rising to Rs2.74bn in the second quarter from Rs2.15bn in the same period last year. Simplex clocked a turnover of Rs10bn last year, an increase of 53.04%. The net profit increased by 748% with an 8-fold increase in earnings per share. Predicting from our performance in last few years, we estimate our profit to be in the area of Rs450-500mn for FY06.Who would you consider you're near competitors? What would you describe as your USP?We compete with L&T, Hindustan Construction, Gammon India among others. We are an integrated Engineering Procurement Construction company. We have developed our core competencies in these areas, as each of these sectors needs specialized skills and technology. Our strengths are our quality, world-class engineering, strong presence in all spectrums of industry, eight decades of rich experience and a high degree of builders' confidence. Our wide range of specialized services and sound technical expertise enables us to undertake projects in all sectors of construction from roads to marine to steel plants to power plants. We are capitalizing on untapped areas and opportunities in both organic and inorganic way as an infrastructure developer.How much does piling contribute to your revenues?We have 6 strategic business units:1. Marine construction (ports, container terminals, jetties, breakwaters and wharves.), 2. Transportation (Roads, highways, bridges, metro etc.), 3. Urban infrastructure (sewage network, irrigation works, etc.) 4. Industrial construction (metal, cement, textile plants etc.),5. Power plants (nuclear, thermal, hydel and cooling towers)6. Piling and ground engineering.The revenue share is as follows:Marine construction- 15%Transportation-10%Urban Infrastructure-20%Industrial Construction-20%Power plants-25%Piling and Grounding-10%Marine construction, urban infrastructure and piling generate higher profit margins than the others.We are expecting a growth of at least 30% in each division over the next five years.What kind of diversification would you look at going forward? What kind of presence do you have in oil and gas sector and power transmissiontowers?There is huge potential of infrastructure development and an annual spend of US$30-40bn is expected over five years. In order to maximize these opportunities and to put Simplex in the higher orbit of growth, we are targeting acquisitions and JVs with strategic fit. This also helps us in inorganic growth and margin improvement.We are increasingly exploring oil, gas sector and power transmission sectors where we are already working on projects in Middle East as well as in the domestic sector. This may be contributing 5% to our topline at present.Give us details about your SPVs and joint ventures.In the changing scenario in infrastructure sector, it has become imperative for all companies in this sector to look forward to working together. We are constantly endeavoring to find the right fit and partner. We have a number of SPVs / JVs for various projects:Somdutt Simplex JV - For execution of Chennai Bypass Road projectSimplex Subhash JV - For an irrigation project in Andhra Pradesh HoHup Simplex JV - for Road project in AP Simplex Gayatri Consortium - For a Road project in Maharashtra SPV Alliance with Al-Moayyed Group in Bahrain How do you plan to ease your receivables and working capital position?We are working on compressing our receivable cycle, ensuring that the RA bills are raised by 3rd of every month, incorporating strict payment terms in Agreements for executing jobs. We have also become very selective in choosing the right kind of job and client. Further, with the connectivity of all sites (after ongoing ERP implementation) there would be better control on working capital.To what extent have you de-risked. Are you over dependent on any sector?We have a balanced order book and are not over dependent on any particular sector. Our order mix: Piling – 5%, power- 42%, marine and industrial construction-6%, roads and bridges-19%, buildings and urban utilities-28%.What is your dividend policy? What is your message to your shareholders?We follow a consistent dividend payment policy. The management is committed to further improving the bottom line and enhancing shareholders value.

NAGREKA EXP

i expect some movement in this.....i juss bought this share today for a month delivery

S KUMARS NATIONWIDE....GOOD STORY

the company has shown good performance on a regular basis for the past few qtrs...the company will be setting up retails chains soon.....a must buy according to me arnd 40-43 levels...wait for dips b4 one starts accumulating...shareholding pattern also quite impressive

himalaya inter

the results have shown manifold jump.....the share has run up frm 13 to 24 levels n current at 20....a must buy if correction kicks in n the same is available arnd 13-15 levels.....worth taking a small exposure.....future is good going forward....look for its reports in my archives

surya pharma....q3 results

surya pharma is showing good growth.....with a EPS of arnd 20...its fair value shld be arnd 230-250......a good pick at 130 levels....wait for decline or can start buying in small qtys at current levels

aarvee denim...december results

the result of q3 has been good......with an eps of arnd 16.....stock will be fairly valued arnd 200.....a good pick at the current price of 128....dividend payer too

gupta synth....good Q3 performance

the results of gupta synth has been good.....sales has been increasing in every qtr n so is the profit....been in circuit for the past 2 days...quoting arnd 165 with a eps of arnd 70....i think its a steal if i am not mistakening