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
Financials reproduced from BSEINDIA
BUY is recommended in Beeyu Overseas at CMP of Rs. 9 with 1 year HOLD.
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