HAPPY UGADI

BEST RESULTS& RETURNS

 Chemfab Alkalis Ltd

http://cmlinks.com/moneypore/profilenew/financial.asp?mainopt=8&cocode=1216 

 ON September 28, 2012 WE RECOMMENDED AT 56.00 RS. CMP 105.00

STOCK ALMOST DOUBLED IN 4 MONTHS BUT STOCK CAN GO TO 125.00RS SHORTLY

 

Gujarat Automotive Gears Ltd

 http://cmlinks.com/moneypore/profilenew/financial.asp?mainopt=8&cocode=211

ON OCTOBER 9THS WE RECOMMENDED    AT 926.50 TODAY IT HAS REACHED 20 % 1224.00 STOCK CAN GO TO 1325.00 SHORTLY  

Atul Ltd (BUY- 415.00)

http://cmlinks.com/moneypore/profilenew/financial.asp?mainopt=8&cocode=43


LAST YEAR EPS 30.00RS FOR FIRST HALF POSTED 30 EPS VS 10EPS EXPECTING 60EPS FOR FULL YEAR . BUY FOR A PRICE TARGET OF 500.00  IN NEXT 2 MONTHS

Chemfab Alkalis Ltd

LAST TIME WE RECOMMENDED AT 56.00 IT WENT TO 70.00 NOW IT IS 67.00 CAN GO TO 85.00 IN A MONTH TIME WATCH AND BUY ON DECLINE

http://www.chemfabalkalis.com/AUD_Result_September.pdf

Kuantum Papers Ltd (31.00) BUY

Kuantum Papers Ltd    (ABC Paper Limited)

The ABC Paper has in-built capacity of 100 TPD of finished paper. The pulping & finishing section and ancillary facilities (steam, power, bleach and storage) is over 150 TPD equivalent of paper. The pulping section, in addition to facilities for straw and bagasse is equipped with a jute street to handle upto 10% usage in the raw material furnish at 150 TPD paper production levels. The paper making capacity is reckoned on 52 gsm output basis. The first two Paper Machines (PM I & II) have a capacity of 15 TPD each an the third machine (PM III) has a capacity of 70 TPD. 

http://cmlinks.com/moneypore/profilenew/financial.asp?mainopt=8&cocode=27640

MCAP OF THE COMPANY 25CR ASSETS AT  275 CR EXPECTING 10CR PROFIT FOR FULL YEAR. BUY FOR LONG TERM . LAST 5YEARS DIV PAID

(  7.00%

10.00%

10.00%

25.00%

25.00%)

PRAMOTERS HOLD 70% PUBLIC HOLDS 10% (6.5LAKS) STOCK EASYLY DOUBLES IN A NEXT SIX MONTHS TIME 

CAUTION : LOW LIQUIDITY 

J B Chemicals & Pharamaceuticals Ltd (BUY AT 77.00)

The latest quarterly results of JB Chemicals indicate progress made by the company in improving the margins as well as in expanding the business:

The company’s net revenue grew by 32% yoyto Rs212 crore adjusting to other operating income in Q2 FY2013;–PBIT came at Rs25.7 crore as compared to Rs.40.7 crore during Q2FY2013. This is very impressive considering that the company registered Other Operating Income (OOI) of Rs.5.12 crore in Q2FY2013 as compared Rs.32.9 crore in Q2FY2012. If we adjust for the variation in OOI, the PBIT has grown by 87% yoy Net profit was Rs.39 crore during Q2FY2013 –quarterly EPS is alone Rs.4.6;

The company has net cash of Rs.469 crore (cash & current investments of Rs.515 crore minus debt of Rs.46 crore), which is 3.1times its Net Enterprise Value of Rs.152 crore (Current market Cap of Rs.621 crore less net cash of Rs.469). Its book value is at Rs.997 crore as of September 2012, which is Rs.117.7 per share or 1.6 times the current market price;

Considering current margin and growth, the company can achieve Rs.10 EPS in FY2013, implying a P/E of 7.3x at current market price. Further, its has cash and equivalents of Rs55 per share which is 76% of current stock price. The stock can easily double in a year’s time. - My target for JB Chemicals is Rs 150 for the long term

SOURCE : DUKE

Steelcast Ltd (53.00) BUY

Steelcast Ltd. is India’s leading steel castings manufacturing company in the earthmoving equipment sector. Strong demand from user industries in India and globally has put the company on a high growth trajectory. Steelcast Ltd. is expected to post revenues of over Rs 2.20bn in FY12, with nearly 45% coming from exports to several countries globally, including USA and Germany.  Steelcast’s manufacturing capacity is in excess of 24,000 tons per annum and further expansion is planned in the coming few years. Some of the company’s major clients are Caterpillar, Komatsu, ThyssenKrupp, JCB, Tatas, L&T, Essar, BEML and BHEL. It will soon be adding two major clients, the Indian Railways as well as the US Railways for freight-related castings supplies. Being an ISO: 9001-2008, ISO: 14001-2004 and OHSAS 18001-2007 certified company; it has norms and systems for quality assurance covering all stages. Kurimoto Ltd. of Japan continues to hold a 2.5% stake in the company.

JV in US with Michigan Steel to tap this huge market

HIghlights:

• Gujarat-based Steelcast Ltd. and Michigan Steel of USA have formed a 50:50 JV, Steelcast LLC, to tap the huge US castings market
• Inspection team from the US Railway to come within a month to give final approval for supplies from Steelcast’s manufacturing facilities at Bhavnagar
• Steelcast JV in the USA has potential to generate Rs 200 crore revenues over next five years from US Railways demand only

 The company can now tap huge castings demand from US Railways Steelcast has received quality assurance certification from the Association of American Railroads. This certification will help the company to tap the huge US Railways demand for steel castings. Steelcast has thus achieved the distinction of becoming only the second castings company in India to have got this accreditation

http://cmlinks.com/moneypore/profilenew/financial.asp?mainopt=8&cocode=3496 

STEELCAST EXPECTED TO POST 13 EPS FOR FY13

BUY ON EVERY DECLINE FOR A TARGET OF 75RS IN NEXT SIX MONTHS

http://www.steelcast.net/Q_Result.pdf