Recently, Ramsarup Industries Ltd. (Code: 532690) (Rs.122) has come out with decent Q1FY09 results while sales grew by 10% to Rs.383 cr., net profit increased by 25% to Rs.15.80 cr. on the back of better operating margins. The company manufactures a variety of steel wires (mainly used by the power industry) and TMT Bars. To cater to the rising demand, the company is expanding its total wire manufacturing capacities from 233,000 tonnes to 600,000 tonnes including the production of Low Relaxation Pre-stressed Concrete (LRPC) wires over the next two years. It has acquired 60 acres of land in West Bengal and the major plant and machinery are being imported from Italy. And to access cheaper and regular raw material supplies, the company took over Balasore Minerals Co., which has iron ore, limestone and dolomite mines located in neighbouring Orissa. But importantly, the company is merging its group company called ‘Ramsarup Loha Udyog’, which is emerging as an integrated steel producer with captive production of sponge iron, pig iron, billets, power etc. As no official figures are available for the group company, on a standalone basis the company is expected to clock a turnover of Rs.1750 cr. with PAT of Rs.65 cr. for FY09. This translates into an EPS of Rs.37 on its current equity of Rs.17.50 cr. Post merger, its equity is expected to get diluted to about Rs.35 cr.

Source: By Saarthi – Money Times dated 4 Aug 08
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Good results delcared by Elder Pharma for the first quarter ended Jun-08. Total Income has gone up by 21.51% to Rs 1,476.53 million in the first quarter ended Jun-08 as compared to Rs 1,215.13 million for quarter ended Jun-07. The Net Profit is up by 16.31% to Rs 175.42 million for quarter ended Jun-08 as compared to Rs 150.82 million for quarter ended Jun-07.

As compared to previous Mar-08 quarter, the Total Income is down by 6.66% and Net Profit by 14.11%.

The EPS for quarter ended Jun-07 is Rs 9.3 as compared to Rs 8.12 for the same period last year. If current quarter’s EPS is annualized the EPS for FY-09 would be around Rs 37. At current market price of Rs 324.5 the PE is 8.77.
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Ramsarup Industries has posted good results for the first quarter ended Jun-08. Total Income has gone up by 7.98% to Rs 3,830.52 million in the first quarter ended Jun-08 as compared to Rs 3,547.35 million for quarter ended Jun-07. The Net Profit is up by 25.91% to Rs 157.84 million for quarter ended Jun-08 as compared to Rs 125.36 million for quarter ended Jun-07.

The Operating Profit margin has improved by 219 bps in Jun-08 quarter to 10.92% as compared to 8.73% in Jun-07 quarter. As compared to previous Mar-08 quarter, the Total Income is down by 24.47% and Net Profit by 2.89%.

The EPS for quarter ended Jun-08 is Rs 8.99 as compared to Rs 7.13 for the same period last year. If current quarter’s EPS is annualized the EPS for FY-09 would be around Rs 36. At current market price of Rs 322.5 the PE is 3.5.
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Very good results declared by Bilpower for the first quarter ended Jun-08. Total Income has gone up by 73% to Rs 1,036 million in the first quarter ended Jun-08 as compared to Rs 598.81 million for quarter ended Jun-07. The Net Profit is up by 23.56% to Rs 61.68 million for quarter ended Jun-08 as compared to Rs 49.92 million for quarter ended Jun-07.

The growth in Net Profit has not matched with the growth in Total Income as Interest has gone up by 104% to Rs 20.45 million and depreciation by 183% to Rs 2.15 million. As compared to previous Mar-08 quarter, the Total Income is down by 4.73% but Net Profit is up by 8.8%.

The EPS for quarter ended Jun-08 is Rs 5.87 as compared to Rs 5.55 for the same period last year. If current quarter’s EPS is annualized the EPS for FY-09 would be around Rs 23.5. At current market price of Rs 322.5 the PE is 7.1.


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Excellent results declared by Electrotherm for the first quarter ended Jun-08. Total Income has gone up by 54.2% to Rs 3,858.28 million in the first quarter ended Jun-08 as compared to Rs 2,502.11 million for quarter ended Jun-07. The Net Profit is up by 49.23% to Rs 181.03 million for quarter ended Jun-08 as compared to Rs 121.31 million for quarter ended Jun-07.

The EPS for quarter ended Jun-08 is Rs 14.91 as compared to Rs 13.28 for the same period last year. If current quarter’s EPS is annualized the EPS for FY-09 would be around Rs 60. At current market price of Rs 322.5 the PE is 5.4.

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Once again Micro Technologies (India) Ltd. (Code: 532494) (Rs.230) has announced excellent results for Q1FY09. Total revenue as well as net profit shot up by 65% to Rs.58 cr. and Rs.17.50 cr. respectively recording an EPS of Rs.16 in this single quarter itself. For FY08, it had recorded an EPS of Rs.48 with net profit of Rs.53 cr. on its total revenue of Rs.171 cr. The company is a global provider of security, safety and life-support solutions with the first of its kind and innovative products for security of home, office, shop, vehicle, laptop, mobile etc. It also has a business agreement with MTNL as well as Airtel to offer Lost Mobile Tracking System to their customers. Few weeks ago, it introduced a GPS based product called ‘Buddy Tracking System’ to know the real time location of users. Given the current share market condition, the company has again reduced the FCCB conversion price by 18% from Rs.304 to Rs.250. Although this indicates that both bondholders and the company are interested in conversion, not redemption, this will lead to further equity dilution by 45 lakh shares. For FY09, it is expected to report a topline of Rs.250 cr. with bottomline of Rs.70 cr. i.e. an EPS of Rs.54 on its fully diluted equity of Rs.13 cr. Even at modest discounting by 8 times, the share price has the potential to hit a new high of above Rs.400 in 12-15 months.

Source: Saarthi of Money Times 4 Aug 08
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Hi,

Thanks for sharing your thoughts - very helpful and the confidence reposed in this stock.

Regards,

Suresh...

This is a good investment for long term....

good performance. healthy book value. but the share is not opertor fancy. Once it becomes operator fancy, price works out to Rs. 16(EPS)X10(PE)=160. wait untill 160 if you can May touch within one year if company posts good coming quarter numbers. ...

will this stock come back to sub 20 levels. i feel the stock is very stable, the stock has always been in the 22-25 range for past 2 years with sporadic movement to 32-35 during specualtion days for 2 months in Jan 2k8, and even 2 rupee slide is about 10 percent fall in price, let me hear from honoured members about their views...

Hi Suresh27, Record for divided has been declared OR yet to declare?...

tks suresh. one simple thing.CO IS ANOTHER USHA MARTIN IN FEW YEARS TIME:PERIOD....

On 5th, the stock will shoot up beyond 120 or will go down to 107. I am very condifident , it will go beyond 115 on 5th...

In my opinion it is the best stock in battery segment . It is not gold but platinum....