Buy IFB Agro Industries Ltd--507438--CMP 76.
Buy on fall to 74 levels and keep adding. Very good results are posted with EPS of 22.26 and PE is adjusted to 3.43, book value of the counter is 108, and currently it is trading below its book value.
Again it is from Breweries and Distilleries segment, and growing at good pace. Its promoter holding is 55% and closed holdings of corporates, NRI, and big retailer is around 30% ---so one can say closely held equity is 85%.
Downside is minimum and upside could be to 100-110 levels in next 6-8 months, only negative is no dividend recommended by the company...
We advise buy small qty now and add on falls, buy 40% now and 60% on fall to 65-68 levels.
Business Description:
IFB Agro Industries Limited is an India-based company. It operates in two segments: spirit, liquor and spirituous beverages, and marine division. The Company's spirit, liquor and spirituous beverages segment consists rectified spirit, country liquor and Indian made foreign liquor (IMFL). The marine division consists of marine products processes and exports, domestic selling and marine feed trading. It products include spirits and spirituous beverages, whisky/rum/gin, frozen shrimps and prawns.
Company posted a little weak results in december 2010 and had taken beating and fallen to 64 levels, but with very good results for march qtr and full year ending 2010-11, it will get re-rating sooner or later. Company posted and EPS of 22.26 against full year EPS of 5.53, so now company is trading at PE of just 3.43, hence slowly it will move to PE of 10 and price target of 200 possible in next 6-8 months. Since market is dicey we recommend 50% buying at 76 levels and 50% in range of 65-70..
Should get good return in medium and long run, though short run market can put some pressure.
For any query feel free to mail us at sanket.mehta82@gmail.com or multibaggerpicks.info@gmail.com
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For membership queries send us mail/ call us at 9468519106.
Saturday, May 28, 2011
Atul Auto
Repeat Call---Buy Atul Auto-531795, Results on 30th May 2011. Expect EPS of 17 approx. against EPS of 7.8 approx last year. More than 100% growth.. Price should move 10-15% on or after results.
CMP--119, buy at this levels, dividend of 2 rs possible and Short term player can target 135-145 levels in next 1-2 months and long term player can hold and reap benefit.
It is planning to acquire Scooter India also..hence any news on that will also trigger the prices...
Results performance we will update on 31st May.
More details below about the company....(repeating last details we mentioned in june 2010)
Sunday, June 13, 2010
Atul Auto
Atul Auto Ltd is one of the fast growing Diesel Three wheeler manufacturers in India located at Rajcot, in Saurashtra. Late Mr. Jagjivanbhai Karsanbhai Chandra of ATUL GROUP was pioneered in the concept “CHADKA”, an affordable mode of transportation for common man in India. Company's Rajcot plant having production capacity of 24000 vehicle per annum in single shift basis.In 2009, Atul has introduced its all-new rear
engine three-wheeler, under the brand name ATUL GEM, which is one of the best selling three wheelers in India presently. Atul GEM is a reliable vehicle, which gives a fuel economy of 35 kmpl and has a payload capacity of 585 Kg. Recently Company expanded its operations into 6-seater Auto Rickshaws, Pick-Up Vans and Chassis of Passenger Vehicles.Atul planning to develop more innovative, environment-friendly and practical automobile vehicles considering changes in market trends.These includes CNG and LNG operated vehicles, 4- wheeler one tunner LCVs ..etc For sourcing engines for its CNG / LNG vehicles, company already signed an agreement with Lombardini. In 2010 company is planning an additional capex of Rs.20 Cr to expand its production capacity to 36000 units per year. Company aggressively expanded its marketing network in South India last year and result of the same clearly visible in recent financial performance. Company has registered a phenomenon financial performance for the financial year 2009-10 with company’s net profits zooming up by around 1000% from Rs.46 lakh to Rs.4.54 crore over the year ended March 2009. On an equity capital of Rs 6.08 crore, EPS stood at Rs. 7.76. The company has recommended a final dividend of Rs 2 per share for the year ended March 2010. In a segment where cut throat competition is prevailing, by fighting with biggies like Piaggio,Bajaj,Mahindra ..etc ,ATUL is coming out as a winner mainly
because of the quality of vehicle offered at reasonable price, well planned marketing strategy and overall commitment of management. At the prevailing market price of Rs. 71/- this stock is available at below 10 prices to earnings ratio.
Considering the company’s well accepted vehicle, strong distribution net work, dividend pay-out track record and its ambitious plans to enter 4 wheeler and CNG and LNG running vehicles, one may look into it with a long term view
CMP--119, buy at this levels, dividend of 2 rs possible and Short term player can target 135-145 levels in next 1-2 months and long term player can hold and reap benefit.
It is planning to acquire Scooter India also..hence any news on that will also trigger the prices...
Results performance we will update on 31st May.
More details below about the company....(repeating last details we mentioned in june 2010)
Sunday, June 13, 2010
Atul Auto
Atul Auto Ltd is one of the fast growing Diesel Three wheeler manufacturers in India located at Rajcot, in Saurashtra. Late Mr. Jagjivanbhai Karsanbhai Chandra of ATUL GROUP was pioneered in the concept “CHADKA”, an affordable mode of transportation for common man in India. Company's Rajcot plant having production capacity of 24000 vehicle per annum in single shift basis.In 2009, Atul has introduced its all-new rear
engine three-wheeler, under the brand name ATUL GEM, which is one of the best selling three wheelers in India presently. Atul GEM is a reliable vehicle, which gives a fuel economy of 35 kmpl and has a payload capacity of 585 Kg. Recently Company expanded its operations into 6-seater Auto Rickshaws, Pick-Up Vans and Chassis of Passenger Vehicles.Atul planning to develop more innovative, environment-friendly and practical automobile vehicles considering changes in market trends.These includes CNG and LNG operated vehicles, 4- wheeler one tunner LCVs ..etc For sourcing engines for its CNG / LNG vehicles, company already signed an agreement with Lombardini. In 2010 company is planning an additional capex of Rs.20 Cr to expand its production capacity to 36000 units per year. Company aggressively expanded its marketing network in South India last year and result of the same clearly visible in recent financial performance. Company has registered a phenomenon financial performance for the financial year 2009-10 with company’s net profits zooming up by around 1000% from Rs.46 lakh to Rs.4.54 crore over the year ended March 2009. On an equity capital of Rs 6.08 crore, EPS stood at Rs. 7.76. The company has recommended a final dividend of Rs 2 per share for the year ended March 2010. In a segment where cut throat competition is prevailing, by fighting with biggies like Piaggio,Bajaj,Mahindra ..etc ,ATUL is coming out as a winner mainly
because of the quality of vehicle offered at reasonable price, well planned marketing strategy and overall commitment of management. At the prevailing market price of Rs. 71/- this stock is available at below 10 prices to earnings ratio.
Considering the company’s well accepted vehicle, strong distribution net work, dividend pay-out track record and its ambitious plans to enter 4 wheeler and CNG and LNG running vehicles, one may look into it with a long term view
Saturday, May 21, 2011
Sah Petroleum
Buy Sah Petroleum (532543)--Buy around 29-30 levels, Target 38-40 in short term. Medium term 55 levels possible.
About the company
Sah Petroleum is in production of Industrial Lubricates and recently entered into Automative Engine oils segment. Company is having good market in Industrial, Transformer oil, White oil and rubber process oils. Its brand name is IPOL for which production units are at Vasai and Daman. Though Castrol and other oil companies are leader, but Sah Petroleum is growing slowly and can raise market % slowly over time. Company is owned by Navis Capital a PE player. holding 62% stake in the company and only 10% is with the general public. Company is developing its presence all over india in its newly launched Automobile Lubricants. Good parts is this the company is closely held for last 2-3 years with the PE player and it seem possible that once it is in good profit it will get sold at very high valuations, as Navis Capital is known for much turn-around. Results of full financial year was a turnaround performance and gave EPS of 3.22 against negative EPS of -1.39 last year. So company is in black again and technically also strong. We recommended to members at 27 and now it is 32.8, short term targets are done but in any correction to 29-30 levels will give long term player good opportunity for buying and keeping in portfolio. Medium/long term 55 levels possible
For any query mail us at multibaggerpicks.info@gmail.com
And also follow us at multibaggerpicks.info@gmail.com
About the company
Sah Petroleum is in production of Industrial Lubricates and recently entered into Automative Engine oils segment. Company is having good market in Industrial, Transformer oil, White oil and rubber process oils. Its brand name is IPOL for which production units are at Vasai and Daman. Though Castrol and other oil companies are leader, but Sah Petroleum is growing slowly and can raise market % slowly over time. Company is owned by Navis Capital a PE player. holding 62% stake in the company and only 10% is with the general public. Company is developing its presence all over india in its newly launched Automobile Lubricants. Good parts is this the company is closely held for last 2-3 years with the PE player and it seem possible that once it is in good profit it will get sold at very high valuations, as Navis Capital is known for much turn-around. Results of full financial year was a turnaround performance and gave EPS of 3.22 against negative EPS of -1.39 last year. So company is in black again and technically also strong. We recommended to members at 27 and now it is 32.8, short term targets are done but in any correction to 29-30 levels will give long term player good opportunity for buying and keeping in portfolio. Medium/long term 55 levels possible
For any query mail us at multibaggerpicks.info@gmail.com
And also follow us at multibaggerpicks.info@gmail.com
Wednesday, May 18, 2011
ABM Knowledgware
Buy in range of 67-72. Long term target of 200 possible. in 1.5-2 year.
ABM knowledgeware is into E-Governance and is one of the leader in its field. It has been mentioned in ET few months back that it 10th fastest growing company below 1000cr market cap. The website describes about the company very well. Hence just go through the website, you will get very good confidence in company. Just with time it will give some good returns.
Profile——http://www.abmindia.com/corporate/profile.html
Just browse the complete website, and those who like to read before investing, then the website provide good knowledge of the company.
Company Webiste–http://www.abmindia.com/
ABM knowledgeware is into E-Governance and is one of the leader in its field. It has been mentioned in ET few months back that it 10th fastest growing company below 1000cr market cap. The website describes about the company very well. Hence just go through the website, you will get very good confidence in company. Just with time it will give some good returns.
Profile——http://www.abmindia.com/corporate/profile.html
Just browse the complete website, and those who like to read before investing, then the website provide good knowledge of the company.
Company Webiste–http://www.abmindia.com/
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