Abbott India Ltd BUY (3100.00)

Abbott India Ltd

Abbott India Limited, a publicly listed company, subsidiary of Abbott Laboratories is headquartered in Mumbai and enjoys strong brand equity in multiple therapeutic categories such as Women’s Health, Gastroenterology,
Neurology, Thyroid, Diabetes & Urology, Pain Management, Vitamins, Anti-Infectives and other therapy areas.
 

Abbott India is one of India’s fastest growing pharmaceutical companies. Abbott India’s success is driven by a combination of a highly competent and motivated commercial team, R&D backed products and aided by strong alliances and partnerships with suppliers and vendors. Abbott India employs over 2,600 people and reaches customers through a network of 35 distribution points, catering to over 4,500 stockists and 150,000 retail outlets. The Company has over 100 employees at a state of-the-art formulation plant at Verna, Goa. The manufacturing plant is designed to produce high volume and quality formulations using cost efficient processes and has well equipped laboratories and trained personnel to ensure compliance with international quality standards. Brufen', 'Digene', and 'Cremaffin', Duflac, Vertin are established brands of Abbott India Ltd. In 2010, Abbott acquired Solvay Pharmaceuticals and domestic formulations business of Piramal Healthcare Limited.

	Quarter ended			Year to Date			Year ended
	201406 (3)	201306 (3)	% Var		-	-	201403 (15)	201212 (12)	% Var
Sales	516.91	429.68	20.30	NA	NA	NA	2231.29	1613.09	NA
Other Income	9.60	6.72	42.86	NA	NA	NA	48.22	51.39	NA
PBIDT	79.69	49.19	62.00	NA	NA	NA	316.56	234.50	NA
Interest	0.01	0.03	-66.67	NA	NA	NA	0.08	0.02	NA
PBDT	79.68	49.16	62.08	NA	NA	NA	316.48	234.48	NA
Depreciation	3.49	4.78	-26.99	NA	NA	NA	21.93	19.49	NA
PBT	76.19	44.38	71.68	NA	NA	NA	294.55	214.99	NA
TAX	25.26	14.67	72.19	NA	NA	NA	96.10	70.29	NA
PAT	50.93	29.71	71.42	NA	NA	NA	198.45	144.70	NA
Equity	21.25	21.25	0.00	NA	NA	NA	21.25	21.25	NA

EXPECTING COMPANY TO POST 100 EPS FOR FULL YEAR . ONE CAN EXPECT 4500 RS IN NEXT ONE YEAR SO BUY ON EVERY DECLINE ONE SHOULD HAVE IN THEIR PORTIFOLIO 

COMPANY PROFILE

Welcast Steels Limited was incorporated in 1972. It manufactures and markets alloy steel cast grinding media balls used in the process of grinding in the cement, mining, and thermal power plants in India. It also offers liners. Welcast Steels Limited is a subsidiary of AIA Engineering Ltd.
 

The manufacturing unit is fully equipped with the state-of-the-art equipment for production, testing and quality control such as Induction furnaces, continuous type heat treatment furnaces with automatic oil quenching system, vacuum spectrometer, and metallurgical microscope with photographic arrangement, sand testing equipments and hardness testing machine.
 

The Company has an In-house Research & Development section which constantly upgrades and updates the technology to offer original solutions to the problems of Industry. Having been Grinding Media specialists for nearly 25 years, the company has acquired vast experience in th grinding process in the Cement, Mining Industry and Thermal Power plants. The Company engineers keep track of the latest developments taking place worldwide and with their exceptional knowledge, are in a position to recommend to the Industry the specific quality of grinding media to be used for various applications.The quality of grinding media manufactured by the Company has been well established and its products are being supplied practically to all the Cement plants in India. The Company exports its products to other countries like USA, U.A.E., Japan, Australia, Thailand, Sri Lanka, UK, Bangladesh, Indonesia, omain, Qatar, Philippines, Slovakia, Hong Kong, Canada, Bulgaria and Vietnam. HYKROM product superiority is achieved and maintained by a constant quest for quality and value engineering at Welcast. Product operations are continuously and closely monitored. Quality assurance begins at the root level by employing the optical emission vacuumspectrometer with computer control for instant analysis of molten metal. Casting is done in moulds with sand prepared and tested fully. The microstructure of casting is constantly photographed with the help of an electronic microscope and camera.


it's low equity stock . stock is trading at 9.5 p.e   last one month it has fallen from 725.00 now cmp is at 452.00 buy for long term investment accumulate on every decline .

P & L Account

	Mar 14	Mar 13	Mar 12	Mar 11	Mar 10
Sales Turnover	258.76	265.26	230.30	217.51	147.05
Other Income	0.43	0.50	0.27	0.24	0.65
Stock Adjustments	0.43	-3.10	0.23	1.31	-1.88
Total Income	259.62	262.66	230.80	219.06	145.82
Raw Materials	155.58	158.98	145.57	136.63	83.28
Excise Duty	20.86	23.70	13.00	16.95	10.10
Power & Fuel Cost	31.24	30.91	27.96	24.92	19.61
Other Manufacturing Expenses	30.24	27.76	24.28	21.66	16.14
Employee Cost	9.22	8.78	7.53	6.89	5.96
Selling and Administration Expenses	5.46	5.35	5.29	4.58	3.76
Miscellaneous Expenses	0.51	0.19	0.25	0.14	0.30
Less: Preoperative Expenditure Capitalised	0.00	0.00	0.00	0.00	0.00
Profit before Interest, Depreciation & Tax	6.50	6.98	6.92	7.29	6.67
Interest & Financial Charges	0.65	0.90	0.72	0.72	0.69
Profit before Depreciation & Tax	5.85	6.08	6.20	6.57	5.98
Depreciation	1.47	1.80	2.33	2.90	3.63
Profit Before Tax	4.39	4.28	3.87	3.67	2.35
Tax	1.41	1.45	1.24	1.01	1.08
Profit After Tax	2.98	2.83	2.63	2.66	1.27
Adjustment below Net Profit	0.00	0.00	0.00	0.00	0.00
P & L Balance brought forward	23.88	21.93	19.90	17.63	16.76
Appropriations	0.87	0.87	0.60	0.40	0.40
P & L Bal. carried down	25.99	23.88	21.93	19.89	17.63
Equity Dividend	0.32	0.32	0.26	0.13	0.13
Preference Dividend	0.00	0.00	0.00	0.00	0.00
Corporate Dividend Tax	0.05	0.05	0.04	0.02	0.02
Equity Dividend (%)	50.00	50.00	40.00	20.00	20.00
Earning Per Share (Rs.)	45.83	43.50	40.47	41.25	19.53
Book Value	484.77	443.94	404.38	368.13	328.75
Extraordinary Items	-0.02	-0.01	-0.01	0.00	0.00

Welcast Steels Limited was incorporated in 1972. It manufactures and markets alloy steel cast grinding media balls used in the process of grinding in the cement, mining, and thermal power plants in India. It also offers liners. Welcast Steels Limited is a subsidiary of AIA Engineering Ltd. The manufacturing unit is fully equipped with the state-of-the-art equipment for production, testing and quality control such as Induction furnaces, continuous type heat treatment furnaces with automatic oil quenching system, vacuum spectrometer, and metallurgical microscope with photographic arrangement, sand testing equipments and hardness testing machine. The Company has an In-house Research & Development section which constantly upgrades and updates the technology to offer original solutions to the problems of Industry. Having been Grinding Media specialists for nearly 25 years, the company has acquired vast experience in the grinding process in the Cement, Mining Industry and Thermal Power plants. The Company engineers keep track of the latest developments taking place worldwide and with their exceptional knowledge, are in a position to recommend to the Industry the specific quality of grinding media to be used for various applications. The quality of grinding media manufactured by the Company has been well established and its products are being supplied practically to all the Cement plants in India. The Company exports its products to other countries like USA, U.A.E., Japan, Australia, Thailand, Sri Lanka, UK, Bangladesh, Indonesia, omain, Qatar, Philippines, Slovakia, Hong Kong, Canada, Bulgaria and Vietnam. HYKROM product superiority is achieved and maintained by a constant quest for quality and value engineering at Welcast. Product operations are continuously and closely monitored. Quality assurance begins at the root level by employing the optical emission vacuum spectrometer with computer control for instant analysis of molten metal. Casting is done in moulds with sand prepared and tested fully. The microstructure of casting is constantly photographed with the help of an electronic microscope and camera.

Read more at: http://www.moneycontrol.com/news/recommendations/buy-welcast-steels-targetrs-520-firstcall-research_1123063.html?utm_source=ref_article

Welcast Steels Limited was incorporated in 1972. It manufactures and markets alloy steel cast grinding media balls used in the process of grinding in the cement, mining, and thermal power plants in India. It also offers liners. Welcast Steels Limited is a subsidiary of AIA Engineering Ltd. The manufacturing unit is fully equipped with the state-of-the-art equipment for production, testing and quality control such as Induction furnaces, continuous type heat treatment furnaces with automatic oil quenching system, vacuum spectrometer, and metallurgical microscope with photographic arrangement, sand testing equipments and hardness testing machine. The Company has an In-house Research & Development section which constantly upgrades and updates the technology to offer original solutions to the problems of Industry. Having been Grinding Media specialists for nearly 25 years, the company has acquired vast experience in the grinding process in the Cement, Mining Industry and Thermal Power plants. The Company engineers keep track of the latest developments taking place worldwide and with their exceptional knowledge, are in a position to recommend to the Industry the specific quality of grinding media to be used for various applications. The quality of grinding media manufactured by the Company has been well established and its products are being supplied practically to all the Cement plants in India. The Company exports its products to other countries like USA, U.A.E., Japan, Australia, Thailand, Sri Lanka, UK, Bangladesh, Indonesia, omain, Qatar, Philippines, Slovakia, Hong Kong, Canada, Bulgaria and Vietnam. HYKROM product superiority is achieved and maintained by a constant quest for quality and value engineering at Welcast. Product operations are continuously and closely monitored. Quality assurance begins at the root level by employing the optical emission vacuum spectrometer with computer control for instant analysis of molten metal. Casting is done in moulds with sand prepared and tested fully. The microstructure of casting is constantly photographed with the help of an electronic microscope and camera.

Read more at: http://www.moneycontrol.com/news/recommendations/buy-welcast-steels-targetrs-520-firstcall-research_1123063.html?utm_source=ref_article

Welcast Steels Limited was incorporated in 1972. It manufactures and markets alloy steel cast grinding media balls used in the process of grinding in the cement, mining, and thermal power plants in India. It also offers liners. Welcast Steels Limited is a subsidiary of AIA Engineering Ltd. The manufacturing unit is fully equipped with the state-of-the-art equipment for production, testing and quality control such as Induction furnaces, continuous type heat treatment furnaces with automatic oil quenching system, vacuum spectrometer, and metallurgical microscope with photographic arrangement, sand testing equipments and hardness testing machine. The Company has an In-house Research & Development section which constantly upgrades and updates the technology to offer original solutions to the problems of Industry. Having been Grinding Media specialists for nearly 25 years, the company has acquired vast experience in the grinding process in the Cement, Mining Industry and Thermal Power plants. The Company engineers keep track of the latest developments taking place worldwide and with their exceptional knowledge, are in a position to recommend to the Industry the specific quality of grinding media to be used for various applications. The quality of grinding media manufactured by the Company has been well established and its products are being supplied practically to all the Cement plants in India. The Company exports its products to other countries like USA, U.A.E., Japan, Australia, Thailand, Sri Lanka, UK, Bangladesh, Indonesia, omain, Qatar, Philippines, Slovakia, Hong Kong, Canada, Bulgaria and Vietnam. HYKROM product superiority is achieved and maintained by a constant quest for quality and value engineering at Welcast. Product operations are continuously and closely monitored. Quality assurance begins at the root level by employing the optical emission vacuum spectrometer with computer control for instant analysis of molten metal. Casting is done in moulds with sand prepared and tested fully. The microstructure of casting is constantly photographed with the help of an electronic microscope and camera.”

Read more at: http://www.moneycontrol.com/news/recommendations/buy-welcast-steels-targetrs-520-firstcall-research_1123063.html?utm_source=ref_article

Welcast Steels Limited was incorporated in 1972. It manufactures and markets alloy steel cast grinding media balls used in the process of grinding in the cement, mining, and thermal power plants in India. It also offers liners. Welcast Steels Limited is a subsidiary of AIA Engineering Ltd. The manufacturing unit is fully equipped with the state-of-the-art equipment for production, testing and quality control such as Induction furnaces, continuous type heat treatment furnaces with automatic oil quenching system, vacuum spectrometer, and metallurgical microscope with photographic arrangement, sand testing equipments and hardness testing machine. The Company has an In-house Research & Development section which constantly upgrades and updates the technology to offer original solutions to the problems of Industry. Having been Grinding Media specialists for nearly 25 years, the company has acquired vast experience in the grinding process in the Cement, Mining Industry and Thermal Power plants. The Company engineers keep track of the latest developments taking place worldwide and with their exceptional knowledge, are in a position to recommend to the Industry the specific quality of grinding media to be used for various applications. The quality of grinding media manufactured by the Company has been well established and its products are being supplied practically to all the Cement plants in India. The Company exports its products to other countries like USA, U.A.E., Japan, Australia, Thailand, Sri Lanka, UK, Bangladesh, Indonesia, omain, Qatar, Philippines, Slovakia, Hong Kong, Canada, Bulgaria and Vietnam. HYKROM product superiority is achieved and maintained by a constant quest for quality and value engineering at Welcast. Product operations are continuously and closely monitored. Quality assurance begins at the root level by employing the optical emission vacuum spectrometer with computer control for instant analysis of molten metal. Casting is done in moulds with sand prepared and tested fully. The microstructure of casting is constantly photographed with the help of an electronic microscope and camera.”

Read more at: http://www.moneycontrol.com/news/recommendations/buy-welcast-steels-targetrs-520-firstcall-research_1123063.html?utm_source=ref_article

Somi Conveyor Beltings Ltd BUY (29.00)

The Indian conveyor belt sector saw a sudden growth spurt since the beginning of the last decade. The massive growth in user segments, especially mining, construction, cement and steelmaking, led to increased
demand for this efficient mode of bulk transport. However, it was apprehended that the general slowdown in the economy and in some of these industries could bring down the demand in recent years. This fear was
later proved largely unfounded. The industry estimates for the overall volume varies from around `1,000 crore to `1,200 crore, including trough conveyor belts, textiles and steel. Trough conveyors have wide applications and are used in iron ore and gold, coal and fly ash, aggregates, sand and gravel, pulp and paper, chemicals, and agriculture and food processing. As mentioned, this industry recorded an average growth of 5 percent per annum during the last five years. Going forward, the industry expects a higher growth of 7 percent.

A belt for all occasions

Industry  -------     Types of belts used
Mining: Multi-ply conveyor belts, fire and flame resistant conveyor belts, technical rubber sheets 

Ports:
Multi-ply conveyor belts, self-extinguishing conveyor belts, oil and grease resistant, elevator
conveyor belts, chevron conveyor belts, technical rubber sheets, sliding conveyor belts
 

Construction :Multi-ply conveyor belts, chevron conveyor belts, technical rubber sheets
 

Power stations:
Multiply conveyor belts, self-extinguishing conveyor belts, heat resistant conveyor belts,
pipe-type conveyor belts, technical rubber sheets
 

Earth moving :Multi-ply conveyor belts, technical rubber sheets, chevron conveyor belts, ripcheck conveyor
belts
Tunnel construction:
Multi-ply conveyor belts, self-extinguishing conveyor belts, pipe-type conveyor belts,
technical rubber sheets
Quarries :Multi-ply conveyor belts, ripcheck conveyor belts, technical rubber belts
Agriculture & foodprocessing:
Multi-ply conveyor belts, oil & grease resistant conveyor belts, elevator conveyor belts,
sliding conveyor belts, supergrip conveyor belts, chevron conveyor belts, technical rubber
sheets
Metallurgical industry
Multi-ply conveyor belts, self-extinguishing conveyor belts, pipe-type conveyor belts,
technical rubber sheets

SOMI CONVEYOR BELTINGS LTD is a BSE Listed Public Ltd company having two manufacturing plants located at Jodhpur India, well connected by air, rail & road. The plants are equipped by 100% PLC based fully automatic & computerized machineries. Company is capable to produce New Generatio (Somiflex) Conveyor Belts upto 2000mm Width with Installed capacity of 9,00,000 meters per annum. Company manufactures the World-class Quality Conveyr Belts equivalent to Fenner, Yokohama, Dunlop, Continetal.

  

The plants are located in Jodhpur and is well connected by excellent Rail, Road & Air Line facilities. This place possesses adequate infrastructure and healthy industrial climate. The Company's product is well accepted by the big industrial groups like Cement, Sponge Iron, Power and Mining Sector. Company has introduced the latest technology Conveyor Belts with innovative ideas.

STOCK IS TRADING AT 29.00. PUBLIC ISSUE PRICE IS AT 32.00 RS .

EXPECTING COMPANY GOING TO POST GOOD GROWTH  FROM THIS YEAR .

INDUSTRY  WENT TO DULL EARLIER YEARS BECAUSE OF MINEING INDUSTRY & MANUFACTURING INDUSTRY IN DULL SHAPE . NOW EVERY THING GOING TO SETTLE IN NEXT FEW YEARS .

CURRENT EPS 3 Rs EXPECTING 5 EPS THIS YEAR AND COMPANY GOING TO GIVE DIVIDEND FROM THIS YEAR ACCUMULATE HOLD FOR 6 MONTHS ONE CAN EXPECT 50 RS .