GREAVES COTTON LIMITED

investors can look at this 150 YEARS YOUNG! company

Consolidated Net Sales of `1,400 crores
• Manufactures 450,000 IC engines in 1.4-750 HP range a year
• Core competencies in
• Engine technology development - 4 R&D centres with latest equipment and
development software
• Engine manufacturing (multi-fuel)
o Winner of Frost & Sullivan India Manufacturing Excellence Award (GOLD)
o 9 Manufacturing Units across the country and 1 in Germany
• Produces modern construction machinery for road building and concrete
• Extensive marketing and service network covering the entire country
through 4 Regional and 11 Sales offices and over 1200 dealers
• Overseas representative offices in China and UK
• Employment : over 3,500

Engines

Agro Equipment
Automotive
Auxiliary Power
Industrial Engines
Construction
Equipment
Road making
Concreting

Engines: Automotive

Largest Business Division of the Company
• Manufactures over 300,000 Light Diesel Engines annually
• Lightweight fuel efficient diesel engines for Automotive
applications - range : 4.4 to 20 HP
• Automotive Engines conform to current emission norms
• 4 Manufacturing facilities at Aurangabad (Maharashtra) and
Ranipet (Tamilnadu); one more unit under execution
• Substantial investment in R&D and manufacturing for new
generation engines meeting future market requirements
• Supplier of Automotive Engines to vehicle manufacturers like
Piaggio, Tata Motors, Mahindra & Mahindra, Scooters India,
etc.

stock rallied from 340 to now cmp 400 accumulate stock in dips for target of 600 in next six months.

Fedders Lloyd Corporation Ltd GOOD BUY

Fedders Lloyd Corporation Ltd IS A GOOD BUY AT CMP 102.50 IT HAS POSTED 13.49 EPS FOR FULL YEAR . IT IS GOING GREAT IN Air Conditioners , POWER PROJECTS
LAST 3 QUARTERS IT HAS POSTED CONTINUES GROWTH.AND EXPECTING 18EPS FOR THIS FINANCIAL YEAR .STOCK TRADING AT JUST 7.5 P.E EXPECTING 150RS IN NEXT SIX MONTHS

Trend Electronics Ltd

Trend Electronics Ltd buy at 81 expecting 20 eps its going to be 125 rs in next 2 months


Mayur Uniquoters Ltd earlier recommended at 160 now 233 but it will be 350 in next 3 months expecting eps 40

Precot Meridian Ltd buy

Precot Meridian Ltd buy at cmp 255 RS. EXPECTING 35 EPS AND 75% DIV FOR THE YEAR

STOCK MAY TOUCH 375 Rs IN NEXT SIX MONTHS ELGI GROUP STOCK

NATIONAL PEROXIDE LTD

By Jose Lonappan National Peroxide Ltd. is the largest manufacturer of Hydrogen Peroxide in India with 36% market share. It has a strong brand image. The Company was established in 1954. Manufacturing facility is at Kalyan in Maharashtra. Other products manufactured by the Company include Hydrogen Gas, Sodium Perborate, Per Acetic Acid etc. To meet the increasing demand from the consuming industries, the Company has gone for a capacity expansion of Hydrogen Peroxide from 68000Mt to 84000 MT per annum. End users of Hydrogen Peroxide Hydrogen Peroxide is widely used in various industries for bleaching, chemical synthesis, environmental control, effluent treatment, sterilization etc. End user industries are mainly Paper, Textiles etc. These industries are booming and the Company expects substantial increase in Turnover and net profit during 2010-11. Raw Materials The Company uses Naphtha/Natural Gas as its raw material. The Company has the ability to operate the plant on either Naphtha or Natural Gas. This flexibility in operation is a big advantage for the Company, as it can interchange the raw material based on price considerations. This has significantly contributed to the bottom line. Capital Structure National Peroxide is a small cap company with an equity capital of Rs 5.75 crores (Face Value Rs 10). Public issue was made during March 1996. Bonus shares were issued during 2006 in the ratio of 3:2. Out of the equity capital of Rs 5.75 crores, promoters hold 68.59%, public 26.25% and the balance by corporates/institutions. The Company is debt free and has enough leverage for further expansion. Financial Results for Q/E 6/10 The Company has declared bumper results for the Quarter Ending June 2010. Turnover has increased to Rs 37.10 crores compared to Rs 26.89 crores for the Quarter Ending June 2009. Net profit has gone up from Rs 1.65 crores to 10.50 crores for the Q/E June 2010. On an equity of Rs 5.75 crores, EPS for the Q/E June 2010 comes to Rs 18.27 compared to EPS of Rs 2.86 for the Q/E June 2009. Financial Projections for 2010-11 Actual working results for 2009-10 and projections for 2010-11 are tabulated below: 2009-10(A) 2010-11(P) 1.Sales Income (Rs/Cr) 122.45 158.00 2.PBIT (Rs/Cr) 25.33 47.40 3.PAT (Rs/Cr) 16.20 31.90 4.Equity Capital (Rs/Cr) 5.75 5.75 6.EPS (Rs) 28.19 55.50 Valuation After declaration of quarterly results for Q/E June 2010 on 30th July 2010, the share had a run up from Rs 294 to Rs 373 in a short period of one week. Even at this price, P/E ratio works out to 13.25 based on EPS of Rs 28.19 for 2009-10. Based on the projected EPS of Rs 55.50 for 2010-11, P/E works out to only 6.74, which is at an attractive valuation. Book value of the share is Rs 137 and P/BV ratio works out to 2.73. The Company has paid a dividend of 100% during 2009-10 and the dividend yield works out to 2.67%. Recommendation Based on the projected working results for 2010-11 and forward P/E ratio of 6.74, the stock is a strong buy. The stock has the potential to reach Rs 500 in a period of one year. However considering the steep increase in the stock price during the past week, investors may wait for some correction in the stock price before buying.

National Peroxide Ltd BUY

National Peroxide Ltd

at cmp 415 first quarter it has posted 10.5 cr vs 1.65cr.

expecting 750 in next 6 months THEY ARE PAYING 100 % DIV FROM LAST 2 YEARS.

Haryana Leather Chemicals Ltd

Haryana Leather Chemicals Ltd BUY AT CMP 25 TGT 35 IN A MONTH BUT BUY FOR LONG TERM 3 MONTHS MIN