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ambani
Posted by :
shanthiniraji
Gkmurthy sir,
Please do not compare Karuturi with past teak wood plantations company. Please tell yourself by touching your heart is Karutri global company like that?
Definitely your answer will be NO.
Can you tell me one businessman name in those company who had received Frontier Hundred Merit for the business.
Definitely your answer will be NO.
Can you tell me one businessman name in those company who had received Business Excellence award for agriculture or any other from some great organization like Corporate Council of Africa.
Definitely your answer will be NO.
Karuturi is not a roadside finance company. Please do not ignore that.
Thanks and Regards
Shanthiniraji
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I agree with you Gpalan.
Everybody is mentioning that its HIGH RISK investment., More risk = More gain.......
Mr. Murthy, what you say is true...but isn`t that applicable to ALL companies who are venturing into new business areas, expanding and taking a reasonable business risk. Please refrain half-minded comments. More importantly if u don`t like the stock why comment on it anyway ???? hmmmm....maybe ggpalan is right... :-)...
ambani
Posted by :
gkmurthy1748a number of cos came some 15 years ago promising teak plantantations ===============all vanished into thin air =================they are doing business or to say agriculture business in ethiopia which is in civil war and known for pirates ========one has to think twice before venturing =============their dividend is also so so ==========...
Business Standard -3rd November 2009
Posted by : synamIs rasing so much debt a positive in the current global scenario? I hope the management knows what they are doing....
Business Standard -3rd November 2009
Posted by :
ggpalan
Karuturi Global to raise Rs 1,200 crore to expand agri biz
Raghuvir Badrinath / Chennai/ Bangalore November 03, 2009, 0:07 IST
Karuturi Global, better know as India’s largest rose exporter, is moving ahead with its plans to expand its agriculture export business from the fields of Ethiopia and the vertical may soon overtake rose exports revenues by the end of next fiscal.
According to a two-year roadmap prepared by the company, it is expected to raise Rs 1,150 crore over the timeframe through a mix of debt and equity on top of the recently-raised Rs 480 crore.
Sai Ramakrishna Karuturi, MD, Karuturi Global, confirmed the fund-raising plans and said that clarity of the route and instruments will be in by December 2009. Industry sources indicate that the company is also mulling a GDR on the Kenyan or the Johannesburg exchanges to raise the equity part of the Rs 1,150 crore.
The company had earlier this year raised Rs 480 crore, with debt accounting for around Rs 275 crore and the rest through equity.
The Rs 500 crore Karuturi Global has been allotted a little over 840,000 acres in Ethiopia to develop the agriculture land in which the company will be growing cereal crops (maize, wheat, rice), fresh vegetables, palm oil and then at a later stage will be getting into sugarcane.
Company officials told Business Standard that they will be kick-starting the cereal crop cultivation to start with and this will be sold to the African markets, while the fresh vegetables will be exported to the UK.
While palm oil will find its way to Asian countries, sugar, which will be cultivated later, will be shipped to various African countries while ethanol, a by-product of sugar manufacturing will be exported to fuel the hungry United States. Karuturi Global will raise close to million debt for sugarcane cultivation.
The company expects around Rs 80 crore of revenues from the agriculture business during the present fiscal, the first year of this diversification. In addition to this large scale diversification, Karuturi Global has been in the business of cultivating gherkins, which brought in revenues of Rs 15 crore last fiscal.
Karuturi Global has been deriving 95 per cent of its revenues from rose exports and has been doing this business at a healthy profitable rate. While each stem is sold for 11-12 Euro cent, its cost of produce is around 7 Euro cent, a margin of around 70 on each stem of rose. The company has around 550 acres under cultivation for roses which is being expanded by adding another 150 acres in the near future.
Karuturi Global is in advanced discussions with a global food-processing major to set up a 1 million tonne unit for contract farming of tomatoes.
According to industry sources, the deal is expected to be announced this quarter and will involve value addition on top of farming. Sources indicate that Karuturi may be looking at Kolar to set up the unit.
Tags : Karuturi Global | Sai Ramakrishna Karuturi | GDR | Ethiopia
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Sundaram Hikes Stake & Reliance MF Acquires 2% stake
Posted by : riyariyakarututi has given good results and operating margins has increased but stock is falling on low volumes of 10 to 12 lakh shares karuturi is in the news lately as a biggest landlord will some one please explain why the price is falling inspite of promoters increasing thje stake ...
Karuturi Global Q2FY10 cons net profit at Rs 36.45 cr
Posted by : Guest
Wider growth can be achieved soon once the investment and efforts that have been put in the agricultural field by the Karuturi give fantastic result in the coming months.
Mr.Karuturi Sai Ramakrishna , Managing Director of the company has said that the result manifests the steady growth of the company with a view to achieve a wider growth once the investment and efforts put in by the company in Agriculture yield results.
India is a Refinary hub by Reliance Industries. Like that Ethiopia will be floriculture hub by Karuturi.
He is also confident of transforming Ethiopia into a floriculture hub of the world once the companys ambitious expansion plans are materialized.
More than 10000 employees with a great vison of Agricultural development.
Today Karuturi has more than10000 employees working across 3 continents which continues to grow rapidly.
Karuturis preparedness, vision and strategy in foreseeing the severe food demand that the world faces in the coming years with steady depletion of food grain stocks in the world markets has prompted the company into entering the agribusiness in Africa.
Wise Investment and Nice yield.
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Sundaram Hikes Stake & Reliance MF Acquires 2% stake
Posted by : GuestKaruturi Global Limited has ventured into the African Continent by acquiring 7,65,000 acres of agricultural land for the cultivation of Maize, Paddy, Sugar Cane, Palm oil and Vegetables . Karuturi Global is also the worlds largest producer of roses , with 239 hectares under green house cultivation in Ethiopia, Kenya and India. This acquisition of land makes the Company as one of the largest private land bank owners in the world. Today Karuturi has 10000 PLUS employees working across 3 continents which continues to grow rapidly. Karuturis preparedness, vision and strategy in foreseeing the severe food demand that the world faces in the coming years with steady depletion of food grain stocks in the world markets has prompted the company into entering the agribusiness in Africa. The company has clocked revenues of Rs.4536 Million and PAT of Rs.1173 Million with an EPS of Rs.3.24 for the year ended 31.03.2009....
KGL @future= Reliance Industries Limited
Posted by : SANJAY BOHRA
Over 95 telephones came to me regarding KGL`s results last week.
I want to say that stock price depends on Demand and Supply and nothing else.
True value of a stock is the current value of its future cash flow. Probably all of us agree to it.
Now Mr Market was expecting much better performance due to past rally,expert valuations ,high P/E of script and company releases. But the actual results have not met expectations. Hence Mr market already in bear phase corrected the script price.
My intrinsic value calculations from different methodology were nearly concurrent and gave sticker price approx.Rs 26/- and I gave MOS price Rs 16/-.
There is no room for panic on such a superb business model ( read last blog).
Fundamental deviations are not there hence valuations hold. On the contrary we have more chance to accumulate the script.
Half yearly results allow me to say"Future holds a rising cash flow amidst great moats." Demand for the script will rise geometrically with each quarter results and a single digit P/E ratio in near future will give it the necessary boost. Remember I keep saying my favourite lines: MARKET IS A SLAVE OF PERFORMANCE....
CREATING GREATER VLUE
Posted by : Guest
Revenue 24.7%, Net profit 25%, EPS 30.8%
KGL continue to deliver stronger growth while investing in future success. Development of 765,000 acres of agricultural land in Ethiopia under progress - THE GOLDEN COMPANY OF FUTURE. ...
Sundaram Hikes Stake & Reliance MF Acquires 2% stake
Posted by : PIYUSHBMarket Buzz is that Sundaram Hiked Stake and Reliance Mutual Fund has acquired 2% stake in the company....
Karuturi Global Q2FY10 cons net profit at Rs 36.45 cr
Posted by :
raghu_tm
Karuturi Global has announced Q2FY10 results. Its Q2FY10 consolidated net sales stood at Rs 126.3 crore versus Rs 101.3 crore and net profit stood at Rs 36.45 crore versus Rs 29.16 crore.
Its OPM stood at 36.6% versus 34%.
Source : indiaearnings*com...
BSE Announcements on Karuturi Global
Posted by : MMB MessengerKaruturi Global Ltd has informed BSE regarding a Press Release dated October 28, 2009 titled "Results Press Release"....
