Equity Watch

Maximaa Systems turns Maximaa Proyurveda -time to buy

Maximaa Systems   turns Maximaa Proyurveda, a multibaggar in the making..Results are nothing to write home as of now,but Bennett and Coleman has taken a Rs 26 crore stake in the company and the funds will be invested on advertisement.At preaent the market cap is just about Rs 40 crores .But within a few years it could be Rs 400 crores.

Buy is recommended for a long term HOLD.

 

This report has been prepared solely for information purposes and the information contained herein may not be deemed to be an investment advice. Such information is impersonal and not tailored to the investment needs of any specific person. The information contained herein is not a complete analysis of every material fact representing any company, industry or security. The views expressed may change. While the information contained herein has been obtained from sources believed to be reliable, no responsibility (or liability) is accepted for the accuracy of its contents. Investors are advised to satisfy themselves before making any investments and should consult with and rely upon their own advisors whether and how to use such information in making any investment decision. Neither the author nor his firm accepts any liability arising out of use of the above information.

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Equity Watch

Country Club decides to reduce its debt

Country Club Hospitalities & Holidays Ltd 

Established in 1989, the Country Club Hospitality and Holidays Limited (CCHHL) is a pioneer in the concept of offering 360° leisure hospitality membership services in India. A full range of Country Club speciality services include member exclusive clubbing hubs, splendid holiday destinations, trendy fitness centers and star-studded entertainment events.

The Country Club has over 50 ownership clubs, resorts and hotels in India, Middle East, Bangkok and Sri Lanka. Also, It offers over 25 member exclusive fitness centers and over 4000 holiday exchange associates and Country Vacations global hospitality associates. The massive network consists of social clubs in urban hotspots, city-centric luxurious hotels, serene wellness rejuvenation hubs, beachfront resorts, hilltop vacation homes, wildlife jungle lodges and water amusement parks.

Dubbed as the Powerhouse of Entertainment, The Country Club celebrates several global festivals by inviting leading movie stars including the likes of Sharukh Khan, Kareena Kapoor, Mika Singh, Honey Singh, Govinda, Usha Uthup and Yana Gupta etc to perform exclusively for its members. Also, the network frequently organizes various family amusement events including Live Musical Nights, Food Festivals, Magic Shows and Tambola.

To provide round-the-clock seamless member services, the Country Club offers exclusive Mobile App and a web portal to address real-time holiday reservation, payment transfer, customer grievance and membership data updating facilities.

Financial Results on a stand alone basis

View in (Million) Prior Period
(in Cr.) 2016 2015 2014 2013 2012
Income Statement
Revenue 293.29 273.18 321.41 318.74 228.07
Other Income -39.20
Total Income 293.29 273.18 282.21 318.74 228.07
Expenditure -234.78 -220.13 -242.23 -223.56 -158.42
Interest -39.85 -40.60 -41.09 -27.23
PBDT 18.66 12.45 39.99 54.09 42.43
Depreciation -19.71 -19.00 -28.23 -23.65 -19.45
PBT -1.05 -6.55 11.76 30.43 22.98
Tax -9.60 -4.74 -10.80 -13.61 -11.55
Net Profit -10.65 -11.29 0.96 16.82 11.44
Equity 32.69 32.69 32.69 17.89 17.89
EPS -0.59 -0.69 0.11 1.88 1.28
CEPS 0.55 0.47 1.79 4.52 3.45
OPM % 19.95 19.42 12.44 29.86 30.54
NPM % -3.63 -4.13 0.30 5.28 5.01
Detailed Detailed Detailed Detailed Detailed
Consolidated Consolidated Consolidated Consolidated Consolidated

Financial results on a consolidated basis 

In short the present market cap is about Rs 210 crores ( 16 crore shares @ Rs  13 ), BV is Rs 65 , Loans are about Rs 400 crores and Tangible assets about Rs 1400 crores. Consolidated EPS for FY 2015-16 is Rs 1.75 and P/E of 7.5 while Mahindra Holidays and Resorts P/E is 30+.

Buy at CMP for 2 year hold .

This report has been prepared solely for information purposes and the information contained herein may not be deemed to be an investment advice. Such information is impersonal and not tailored to the investment needs of any specific person. The information contained herein is not a complete analysis of every material fact representing any company, industry or security. The views expressed may change. While the information contained herein has been obtained from sources believed to be reliable, no responsibility (or liability) is accepted for the accuracy of its contents. Investors are advised to satisfy themselves before making any investments and should consult with and rely upon their own advisors whether and how to use such information in making any investment decision. Neither the author nor his firm accepts any liability arising out of use of the above information

 

 

 

 

 

 

 

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Equity Watch

Marson Ltd,a takeover target buy back @ rs 30 expected in this year

Marson Ltd  manufacture Power and Distribution Transformers ranging from 10 KVA to 160 MVA to 220 KV Class, Furnace Transformer, Dry Type Transformers and various types of special application Transformers.

Marson’s expertise encompasses Design, Development, Manufacture and Testing of Power and Distribution Transformers. Transformers of various rating, which includes 50 MVA 132 KV Class, have been successfully type tested at CPRI in Bhopal and Bangalore.

Marson  have supplied more than 200,000 Transformers of different Voltage and MVA Class Across India during last 5 decades.

Marson is in the process of becoming a debt free company by allotting 2 cr shares  @ Rs 30 per share to two entities based in Dubai.These companies are  in the same line of business as Marson plus in facility management..This transaction will bring down the equity of present promoters of Marson to less than 25% from existing 40% ..

This will lead to probable change in Management and a buy back from the existing shareholders @  Rs 30 per  share.

This makes the share worth buying at present value which is close to its PAR value of Rs 10.Past allotment of shares the company’s equity will increase to Rs 45 cr from Rs 25 cr at present,  and its BV to Rs 28.Marson will become a debt free company for the first time..

Buy is recommended for long term HOLD

 

Caveat : I HOLD

This report has been prepared solely for information purposes and the information contained herein may not be deemed to be an investment advice. Such information is impersonal and not tailored to the investment needs of any specific person. The information contained herein is not a complete analysis of every material fact representing any company, industry or security. The views expressed may change. While the information contained herein has been obtained from sources believed to be reliable, no responsibility (or liability) is accepted for the accuracy of its contents. Investors are advised to satisfy themselves before making any investments and should consult with and rely upon their own advisors whether and how to use such information in making any investment decision. Neither the author nor his firm accepts any liability arising out of use of the above information

 

 

 

 

 

 

 

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Equity Watch

SREE RAYALASEEMA ALKALIES & ALLIED CHEMICALS LTD is now set on fast forward track

SREE RAYALASEEMA ALKALIES & ALLIED CHEMICALS LTD is the flagship company of the TGV Group .It is the leading producer of Chlor-Alkali products and also manufactures Castor Derivatives and Fatty Acids.

For last  year inspite of the market going up , the share price of the company has remained subdued because IFCI which was holding 16.5% of company’s Rs 78 crore equity or 129 lac shares as on 1st April 2014 was seller at every rise in share price.NOW that IFCI has completely exited the company and 16.5 % equity has changed hands and well absorbed by retail investor and corporate bodies, the share price is set to rise .

BV at end of 31st March 2015 is expected to be Rs. 35 and top line close to Rs. 800 crore , with EPS of Rs. 4..

Financial Results
View in (Million) Prior Period
(in Cr.) Dec-14 Sep-14 Jun-14 Mar-14 Dec-13 FY 13-14
Income Statement
Revenue 192.28 211.96 183.90 192.15 194.60 769.02
Other Income 1.11 0.87 0.88 0.93 0.81 4.01
Total Income 193.39 212.83 184.78 193.08 195.41 773.03
Expenditure -169.77 -184.84 -157.23 -183.45 -172.59 -698.97
Interest -7.36 -8.89 -8.09 -9.75 -9.00 -34.21
PBDT 16.26 19.10 19.46 -0.12 13.82 39.85
Depreciation -9.24 -9.02 -9.02 -9.06 -8.87 -35.53
PBT 7.02 10.08 10.44 -9.18 4.95 4.32
Tax -0.33 -4.24 -1.10 1.99 -0.63 0.45
Net Profit 6.69 5.84 9.34 -7.19 4.32 4.77
Equity 78.72 78.72 78.72 74.78 74.78 74.78
EPS 0.85 0.74 1.19 -0.96 1.61 0.64
CEPS 2.02 1.89 2.33 0.25 1.76 5.39
OPM % 12.28 13.21 14.98 5.01 11.73 9.63
NPM % 3.48 2.76 5.08 -3.74 2.22 0.62
Detailed Detailed Detailed Detailed Detailed Detailed
Segment Segment Segment Segment Segment Segment

Buy at CMP of Rs. 11-12 is recommended for a long term HOLD..

Caveat : I HOLD

This report has been prepared solely for information purposes and the information contained herein may not be deemed to be an investment advice. Such information is impersonal and not tailored to the investment needs of any specific person. The information contained herein is not a complete analysis of every material fact representing any company, industry or security. The views expressed may change. While the information contained herein has been obtained from sources believed to be reliable, no responsibility (or liability) is accepted for the accuracy of its contents. Investors are advised to satisfy themselves before making any investments and should consult with and rely upon their own advisors whether and how to use such information in making any investment decision. Neither the author nor his firm accepts any liability arising out of use of the above information

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Equity Watch

Compucom Software shall take rapid strides in the next 5 years

Compucom Software ( CSL ) was founded in 1990 in New Jersey USA.It started its Indian Operations in 1994 in Jaipur, Rajasthan.The Co. opertaes in the following verticals:

1.Software Design, development and maintenance

2. IT Training and Education

3. e-Governance Initiatives

4. Resource Supplementation

5. BPO and Call Centre

6.Compucom Media, Jan TV

CSL has an equity of approx.Rs. 16 crores divided into 8 crore shares of Rs. 2 FV. Last 5 years the company has consolidated its position in Rajasthan , and because of Congress partisan politics against the Company whose MD Shri Surender K Surana is well known to be close to NAMO and active in local BJP circles , the company could not make  much progress .However now the things have changed and with a new vision of our PM and a very dynamic HRD  Minister Ms. Smriti Irani, Compucom is expected to take rapid strides in all the verticals its in..

(in Cr.) 2014 2013 2012 2011 2010
Income Statement
Revenue 70.50 71.28 69.95 71.03 59.35
Other Income 3.36 2.20 1.87 1.85 1.19
Total Income 73.86 73.48 71.83 72.87 60.54
Expenditure -39.69 -37.69 -29.62 -31.38 -27.31
Interest -3.37 -4.41 -5.28 -4.88 -5.42
PBDT 30.80 31.38 36.92 36.60 27.81
Depreciation -15.02 -18.43 -24.63 -21.26 -16.59
PBT 15.78 12.95 12.29 15.35 11.22
Tax -5.54 -4.26 -1.20 -3.32 -2.02
Net Profit 10.24 8.69 11.09 12.03 9.20
Equity 15.83 15.83 15.83 15.83 10.05
EPS 1.29 1.10 1.40 1.56
CEPS 3.19 3.43 4.51 4.21 5.13
OPM % 48.47 50.21 60.33 58.41 55.99
NPM % 14.52 12.19 15.85 16.93 15.50
Detailed Detailed Detailed Detailed Detailed
Consolidated Consolidated Consolidated Consolidated Consolidated
Segment

Company is sitting on a large land bank, the expected value of which is more than its present market cap of less than Rs. 100 crores @ CMP of Rs. 12.2. BV of the share is approximately Rs. 15 and D/E ratio of less than 0.2. Long term loans are coming down. Company’s latest AR is vary candid in giving out the bright future of the company.Management pays dividend every year and this year too 20% dividend has been paid.Promoters equity stake in the company is very healthy at 72.7% plus 3.3% in employee welfare trust..

Buy is recommended at CMP  ..

This report has been prepared solely for information purposes and the information contained herein may not be deemed to be an investment advice. Such information is impersonal and not tailored to the investment needs of any specific person. The information contained herein is not a complete analysis of every material fact representing any company, industry or security. The views expressed may change. While the information contained herein has been obtained from sources believed to be reliable, no responsibility (or liability) is accepted for the accuracy of its contents. Investors are advised to satisfy themselves before making any investments and should consult with and rely upon their own advisors whether and how to use such information in making any investment decision. Neither the author nor his firm accepts any liability arising out of use of the above information

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Equity Watch, Uncategorized

Pochiraju takes a U turn after bottoming out last year- higher bottoms and tops in 2014

Pochiraju Industries Ltd (PIL) , established in 1995, was initially incorporated as Pochiraju Flori Tech Ltd with the main business of cultivation and marketing of cut flowers. During the last 18 years ,the Corporate strategy of the company has changed  to create multiple drivers of growth anchored on its core competencies .The company is currently focusing on three business segments – Agri Business, Pharmaceuticals and Bio-Technology & Life Sciences. The organizational structure of the company is designed for effective management of multiple business.Presently the Agri Businesses  of cut flowers ,fruits and vegetables and Pharma  is contributing Rs. 120  crores to the top line and Rs. 11 crores as PAT thus giving an eps of Rs. 5.5 and P/E of less than 3.5@ CMP of Rs.18. With the commissioning of Pharma and Bio-Tech businesses when in full swing the profitability is expected to take a  quantum jump.On the Financial front, the Market cap. of the company is just about Rs.36 crores ( CMP =Rs.18.5 and 1.9 crore shares ) while the BV is close to Rs.60.

Financial Results
View in (Million) Prior Period
(in Cr.) Jun-14 Mar-14 Dec-13 Sep-13 Jun-13 Mar-14
Income Statement
Revenue 36.16 47.38 25.80 24.37 22.20 119.74
Other Income
Total Income 36.16 47.38 25.80 24.37 22.20 119.74
Expenditure -28.40 -39.64 -22.12 -18.86 -16.95 -97.57
Interest -1.56 -1.48 -1.51 -1.16 -1.19 -5.35
PBDT 6.20 6.25 2.17 4.34 4.06 16.81
Depreciation -1.72 -1.72 -1.33 -1.33 -1.33 -5.71
PBT 4.48 4.54 0.83 3.01 2.73 11.11
Tax -0.10 -0.43 -0.05 0.05 -0.31 -0.74
Net Profit 4.38 4.10 0.78 3.06 2.42 10.37
Equity 18.91 18.91 18.91 18.91 18.91 18.91
EPS 2.32 2.17 0.41 1.62 1.28 5.48
CEPS 3.22 3.08 1.12 2.32
OPM % 21.45 16.33 14.25 22.59 23.67 18.51
NPM % 12.11 8.66 3.04 12.54 10.91 8.66
Detailed Detailed Detailed Detailed Detailed Detailed
Segment Segment Segment Segment Segment Segment

Investment is recommended on declines @ Rs. 15-16 as the share price has jumped by 25% during the last one week after declaration of June quarterly results..

This report has been prepared solely for information purposes and the information contained herein may not be deemed to be an investment advice. Such information is impersonal and not tailored to the investment needs of any specific person. The information contained herein is not a complete analysis of every material fact representing any company, industry or security. The views expressed may change. While the information contained herein has been obtained from sources believed to be reliable, no responsibility (or liability) is accepted for the accuracy of its contents. Investors are advised to satisfy themselves before making any investments and should consult with and rely upon their own advisors whether and how to use such information in making any investment decision. Neither the author nor his firm accepts any liability arising out of use of the above information

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