ansal housing

Key Takeaways
Pan India presence with land bank worth Rs 4.8 bn or Rs 287 per share. AHCL has land bank of around 1200 acres in various cities all over India to develop townships. Net of Debt, Value of land bank is Rs 4 bn or Rs 242 per share. Company has 18 projects in hand, which would generate revenues of Rs 22 bn over the next 6-7 years, with estimated profits of Rs 6.5 bn in the same period.
As per the DCF analysis, the present value of the stock works out to Rs 312 per share. Expect EPS growth of 141 per cent between FY 2005 - 2008 to Rs 15.7 in FY 2006, Rs 29.4 in FY 2007 and Rs 44.9 in FY 2008.
Stock trades at 10x FY07 forecast earnings

MY TAKE: the stock has run up frm 80 levels (mid nov) to current 300 levels.....investing at current price might burn some hands.......i might start accumulating it if it falls to 200 or below...much safer n attractive at those levels