Equity Watch

Beeyu Overseas and Tata Coffee are BONDED to each other through Alliance Coffee

Beeyu Overseas Ltd. and Tata Coffee are bonded to each other through a 49:51 JV called Alliance Coffee Ltd with an equity base of Rs. 8 crores.Tata Coffee’s leveraged buy-out of the US based Eight O’Clock Coffee (EOC ) from Gryphon Investors for US$ 220 million is by  now  known to  all investors. What is probably not known is that Alliance Coffee Ltd is the marketing arm of Tata Coffee in Russia and other countries where Coffee is very popular among the masses.

Beeyu Overseas is an ISO 9001-2000 company with factories at 3 locations in TN and having one of the biggest blending unit of 10000 tonnes per annum of quality teas.Beeyu came out with a publc issue last year @ Rs.14 and the issue was heavily oversubscribed.Beeyu has a BV of Rs. 20 and is an under-priced share in the already hot market where investors are looking for value picks.Beeyu O/S is one such value pick.As of now financials are nothing much to write home about , but still a black bottom line during the latest quarter ended Sept 2007 is a good sign and indicates better times ahead. 

Scrip Code : 532645    Company Name : Beeyu Overseas Ltd

Type UnAudited UnAudited Audited UnAudited UnAudited Audited
Period Ending 30 Sep 07 30 Jun 07 31 Mar 07 31 Dec 06 30 Sep 06 31 Mar 07
No Of Months 3 3 3 3 3 12
Description Value(Rs. million)
Net Sales / Interest Earned / Operating Income 65.70 43.10 78.18 86.20 112.86 342.14
Other Income 8.92 7.55 0.16 2.91 0.04 4.68
Total Income 74.61 50.64 78.34 89.11 112.90 346.81
Expenditure -60.50 -48.99 -79.80 -82.57 -104.46 -326.26
Operating Profit 14.11 1.66 -1.46 6.54 8.44 20.56
Interest -3.88 -4.27 -3.60 -3.70 -2.78 -12.05
Profit Before Depreciation and Tax 10.23 -2.61 -5.06 2.84 5.66 8.51
Depreciation -3.15 -2.98 -5.55 -5.03 -5.53 -20.15
Profit before Tax 7.09 -5.59 -10.62 -2.19 0.13 -11.64
Tax -0.06 -0.06 -3.56 -0.08 -0.06 -3.75
Net Profit 7.03 -5.65 -14.17 -2.27 0.07 -15.39
Equity Capital 141.42 141.42 141.42 141.40 141.40 141.42
Basic And Diluted EPS after Extraordinary item 0.50 -0.40 -1.00 -0.16 -1.09
Nos. of Shares – Public 9,847,517.00 9,810,672.00 9,676,167.00 9,652,286.00 9,659,758.00 9,676,167.00
Percent of Shares-Public 69.64 69.38 68.42 68.26 68.31 68.42
Operating Profit Margin 21.48 3.85 -1.87 7.59 7.48 6.01
Net Profit Margin 10.70 -13.11 -18.12 -2.63 0.06 -4.50
Cash EPS 0.72

Financials reproduced from BSEINDIA

BUY is recommended in Beeyu Overseas at CMP of Rs. 9 with 1 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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