Time technoplast has informed the stock exchange the the books of shareholders holding will be closed from Septemeber 19,2011 to September 24,2011(both days inclusive) for the purpose of payment of annual dividend and AGM of the company to be held on September 24,2011. Hence if any investor wants to receive dividend , the shares can be purchased before Septemeber 20,2011. However long term investors should purchase the shares only after the ex-dividend price quoted on the exchange and on dips for good returns.
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Friday, 2 September 2011
Wednesday, 31 August 2011
Emami Limited-New Facility in north east
Kolkata-based fast moving consumer goods company, Emami on Tuesday said that it was setting up new plant in north east with an investment up to Rs.40 crores. Construction work on the new plant to start in next 2 months and expects the new unit to operate in next 2 years.
Emami has already 2 plants at Assam and the new unit will also be located in the same state.At present the company is having 13 facilities around the country. Hence the company is confident of its growth and one should accumulate the stock on lows for good returns by long term investors.
Wednesday, 17 August 2011
Aanjaneya Lifecare has announced its first quarter results. The company's profit after tax rose by 68% to Rs.11.28 crore from Rs. 7.15 crore for the same period of previous year. Total sales surged by 33% toRS. 110.24 crore from Rs.75.3 crore during the same period last year.
EBIDTA increased by 79% to Rs. 22.22 crore from Rs. 12.43 crore for the previous year.
Tuesday, 16 August 2011
Gitanjali Gems-June qr. results
Gitanjali Gems ,India's leading branded jewellery producer and retailer,reported 55.2 per cent increase in its net profit at Rs. 123.7 crore for the quarter ended June as compared to Rs. 79.7 crore in corresponding quarter of previous financial year. Backed by the double digit growth in the retail jewellery sales in the US the company posted 39per cent jump in sales at Rs. 2595.3 crore for the first quarter of the current fiscal year compared to Rs. 1865.9 Crore in comparable quarter of last fiscal year.
The current price of the scrip is Rs.312.55 as on 16.08.2011 against Rs.311.10 on previous trading day. The gain was small because the market fell today by 74,59 pointson BSE.The stock will give good teturn by Diwali and one should acquire on declines.
Emami-June Qr. results
Kolkata based Emami is revamping its R&D centre and manufacturing facilities for its Boroplus and Zandu products in order to meet the growing demand in domestic and overseas markets. The company has planned to invest Rs. 75 crores in expanding and modernisation of the existing facilities across the country during the financial year.
The company has posted a 17.7 per cent increase in its net profit to Rs. 41.5 crore for the first quarter ended June compared to Rs.35.3 crore during the same period of the previous financial year. During the quarter the firm has registered 24 per cent increase in sales to Rs. 299.9 crore against Rs. 242 core in the year ago period.According to the company sources the robust growth of branded products like Navratna oil,Zandu Balm,Fair&Handsome and Mentoplus Balm boosted the increased revenue and profit.
Monday, 1 August 2011
Time Technoplast
It is market leader in industrial packaging with more than 75% share in the market.The company has made tie up with Mauser-Werk, GmbH of Germany, which is one of the largest producer intermediate bulk containers, plastic, steel and fibre drums in Europe and US.The company could produce innovative polymer based products like anti spray devices, plastic fuel tanks, OT safe Masks, High Pressure pipes, Pre- fabricated shelters and sound barriers etc.
The company has also forayed into telecom battery business with acquisition of Hyderabad based NED Energy and successfully launched UPS and automotive batteries. It has made several acquisitions in Europe, Taiwan and Egypt. The company has successfully produced prototype composite cylinders approved as per European standards, for which commercial production has started in June 2011.
The market capitalisation of the company is Rs. 1472.18 crores having PE ratio of 16.32 against industry average of 6.08. The higher PE of the company does not deter further growth as the company is innovating new products and applications regularly.It is also acquiring other companies which can improve their market share and in certain cases it is entering into JV with some companies to manufacture and supply the goods globally.It is one of the companies which are medium and long term bets for investment.
The financials of the company is very strong and can be seen from revenue growth from Rs.535.23crores in FY2008 to Rs.821.89 crores in FY2011. Accordingly the net profit of the company has also increased from Rs.63.52 crores to Rs. 90.14 crores during the same period. EPS of the company has also increased from Rs.2.78 in FY2009 to Rs.4.31 in FY2011 .
The current market price of the stock is Rs.69.75 as on 01.08.2011 on NSE and the top mutual funds in the country have also expressed their interest in including the shares of the company in their portfolio regularly. They have acquired 22,834,937 shares of the company under different schemes during the quarter ending 30.06.2011.
Sunday, 31 July 2011
Small Cap Pick - Ind-Swift Laboratories
It is small cap company listed on BSE and NSE engaged in research, production and marketing pharmaceutical products and formulations. The company has entered into an agreement with eight international pharma companies to source their requirements of clarithomycin, fexofinadine, roxithromycin and candesartan. The chandigarh based company has manufacturing facilities in Punjab and Jammu. The company has entered into marketing agreement with some major international pharma companies to market their products across the globe.
The market capitalisation of the company is Rs.342.4 having PE ratio of 3.91 against industry PE of 11.42. The current market price of the scrip is Rs. 100.65 as on 20.07.2011 on NSE. The financials of the company is strong and can be seen as the revenue from the operations of the company increased from Rs.462.97 crores in FY 2008 to Rs.1031.21 crores in FY2011. Accordingly the net profit of the company also grown from Rs. 31.02 crores to Rs.87.62 crores during the same period.
EPS of the company has increased from Rs. 12.91 in FY 2008 to Rs. 25.60 in FY 2011.The financial ratios like current ratio of the company is 2.19 showing good liquidity and return on long term funds utilised by the company comes to 13.09% as on balance sheet drawn on 31.03.2010.
In June 2010, SBI Magnum fund has acquired 137.145 shares of the company showing confidence in the future potential of the company.
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