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India Glycols
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Accumulate Ind Glycol now on
Posted by :
kadiyaliTracked by: 0 Boarder
Dear Sriman35, I repeat herebelow the figures of Q2:
Q2FY2009 - Q2FY2008 in crores.
344.3 - 306.4 Operating Income
47.1 - 81.7 PBIDT
10.9 - 12.2 Fin Exp
13.2 - 14.6 Depn
22.9 - 54.9 Profit before Tax
PBIDT has fallen substantially due to combination of factors like
lower price realisation of end products, higher prices of alcohol
used to produce value added chemicals, and also lower volume of
production due to shutting down of one of the plants for a few
months for maintenance and capacity de-bottlenecking. Capacity
utilisation is reported to have been increased by almost 20% for
all products across board. PBT reported of 22.90 crores has been
wiped out due to a provision for forex loss of 30 crores, which
is only a book entry and not a cash outgo for the time being.
With the above explanation, I not only justify the current rate of
60 for buying, but would like to inform that today I have covered
my sale at 79 a few days back with purchase at 57.90 today, adding
some more shares for the covered lot. As already informed earlier,
I would like to sell my entire holdings again in a rally, only to
buy back again at lower prices of at least 10-15 from the sale price.
With this method one really need not wait for the shares to fall
below 50. And believe me, this share really gives such opportunities.
Thanks & regards....
In reply to:
Accumulate Ind Glycol now on
Posted by :
Sriman35
Dear kadiyali,
Agree with you. But that is past. Q1 eps is 4.35. Q2 eps is -3.76. That calculates to H1 eps of 0.59 and Annulasied is 1.18
How can the CMP of 60 is justified with the kinda eps..!?
Don`t mind my probing... would like to more... as I really want to invest in India Glycols.
Regards,
Sri 
Accumulate Ind Glycol now on
Posted by : mukutTracked by: 0 Boarder
Last month I exited at Rs223 from this counter. Today i revisited shocked to this price. Last qtr results are also poor but so far no clarification from management on last qtr numbers to protect share holders. If they also declare similar numbers in q3 then it can drag it further. I am planning to call India glycols management to find out reason behind so poor results. I expected down side but not this level and surprisingly it is not getting any support also....
In reply to:
Accumulate Ind Glycol now on
Posted by : Sriman35
Dear kadiyali,
Agree with you. But that is past. Q1 eps is 4.35. Q2 eps is -3.76. That calculates to H1 eps of 0.59 and Annulasied is 1.18
How can the CMP of 60 is justified with the kinda eps..!?
Don`t mind my probing... would like to more... as I really want to invest in India Glycols.
Regards,
Sri
Accumulate Ind Glycol now on
Posted by : vkk43Tracked by: 0 Boarder
Its products prices hv come down. At 50/-, one need not think about anything for 2-3 years investment. May b for sometime it may languish but it should give good returns....
In reply to:
Accumulate Ind Glycol now on
Posted by : Sriman35
Dear vkk,
It looks safe but I am little hesitent on the EPS front. I really don`t why the EPS has come down so drastically. Any idea. Thanks for the help.
Regards,
Sri
Accumulate Ind Glycol now on
Posted by : Sriman35Tracked by: 0 Boarder
`I really don`t why` = `I really don`t know why`
Excuse me for the typo.
Regards,
Sri...
In reply to:
Accumulate Ind Glycol now on
Posted by : Sriman35
Dear vkk,
It looks safe but I am little hesitent on the EPS front. I really don`t why the EPS has come down so drastically. Any idea. Thanks for the help.
Regards,
Sri
Accumulate Ind Glycol now on
Posted by : Sriman35Tracked by: 0 Boarder
Dear vkk,
It looks safe but I am little hesitent on the EPS front. I really don`t why the EPS has come down so drastically. Any idea. Thanks for the help.
Regards,
Sri...
In reply to:
Accumulate Ind Glycol now on
Posted by : vkk43
I too think India Glycols should be a safe bet for investment at CMP, though it may fall a bit more from current level in case of further weakness in the market.
Accumulate Ind Glycol now on
Posted by : Sriman35Tracked by: 0 Boarder
Dear kadiyali,
Agree with you. But that is past. Q1 eps is 4.35. Q2 eps is -3.76. That calculates to H1 eps of 0.59 and Annulasied is 1.18
How can the CMP of 60 is justified with the kinda eps..!?
Don`t mind my probing... would like to more... as I really want to invest in India Glycols.
Regards,
Sri...
In reply to:
Accumulate Ind Glycol now on
Posted by : kadiyali
Dear Sriman35, India Glycol fundamentals - face value 10, book value more than 2.5 times CMP of 61, average EPS more than 20 for last 5 years, Dividend of 25, 30, 30, 30 & 40% for last 5 years, a business module of only one of its kind, and above all a trusted management which promoted Jubilant (earlier Vam Organic) - make this share my first choice in investment. It is in my opinion a certain multibagger. If market rate falls below 50, none should miss this great opportunity! Regards.
Kadiyali.
Accumulate Ind Glycol now on
Posted by : vkk43Tracked by: 0 Boarder
I too think India Glycols should be a safe bet for investment at CMP, though it may fall a bit more from current level in case of further weakness in the market....
In reply to:
Accumulate Ind Glycol now on
Posted by : kadiyali
Dear Sriman35, India Glycol fundamentals - face value 10, book value more than 2.5 times CMP of 61, average EPS more than 20 for last 5 years, Dividend of 25, 30, 30, 30 & 40% for last 5 years, a business module of only one of its kind, and above all a trusted management which promoted Jubilant (earlier Vam Organic) - make this share my first choice in investment. It is in my opinion a certain multibagger. If market rate falls below 50, none should miss this great opportunity! Regards.
Kadiyali.
Accumulate Ind Glycol now on
Posted by : kadiyaliTracked by: 0 Boarder
Dear Sriman35, India Glycol fundamentals - face value 10, book value more than 2.5 times CMP of 61, average EPS more than 20 for last 5 years, Dividend of 25, 30, 30, 30 & 40% for last 5 years, a business module of only one of its kind, and above all a trusted management which promoted Jubilant (earlier Vam Organic) - make this share my first choice in investment. It is in my opinion a certain multibagger. If market rate falls below 50, none should miss this great opportunity! Regards.
Kadiyali....
In reply to:
Accumulate Ind Glycol now on
Posted by : Sriman35
Hi kadiyali,
India Glycols is on my watch list quite from some time.. but still haven`t decided. Don`t know why..!
Some intereting thoughts/facts there. Seems you are making decent profits even at CMP and current market conditions. Great going. All the best.
Regards,
Sri
Accumulate Ind Glycol now on
Posted by : Sriman35Tracked by: 0 Boarder
Hi mukut,
Agree with you on it is better to wait till Q3 results.
But 1 quarter of good/bad resluts may not give proper indication.
Regards,
Sri...
In reply to:
Accumulate Ind Glycol now on
Posted by : mukut
There will be clarity after q3 results only. It was multibaggar some back. But if it keep posting loss then share holders will not get any benefiy. Wait till q3 results, if there is sign of recovery in profit then definitely one can in small qty.
Accumulate Ind Glycol now on
Posted by : Sriman35Tracked by: 0 Boarder
Hi kadiyali,
India Glycols is on my watch list quite from some time.. but still haven`t decided. Don`t know why..!
Some intereting thoughts/facts there. Seems you are making decent profits even at CMP and current market conditions. Great going. All the best.
Regards,
Sri...
In reply to:
Accumulate Ind Glycol now on
Posted by : kadiyali
The net loss declared by India Glycol in Sept 08 quarterly results is after adjustment of unrealised foreign exchange loss of Rs 3007 lacs on re-statement of all foreign exchange borrowings & other assets, necessitated by rupee depreciation. Such loss being notional does not affect cash flow of the company, and actual loss/gain in this respect is ascertained and would get accrued only on final liquidation of loans. This kind of loss/gain keeps changing depending on fluctuation of exchange rate of rupee, and during last year the company had a gain of Rs 593 lacs for the corresponding quarter, and a gain of Rs 2066 lacs for the corresponding period of half-year due to strong rupee at that time. Since rupee from this level can only appreciate, this item of notional loss may not figure in future quarters.
In my opinion, because of the above loss declared, the share price of India Glycol can keep touching further lower bottoms whenever Sensex takes a dip, till declaration of Q3 results. It is a very good opportunity for we small investors to accumulate this sure-shot potential multibagger at lower levels much below its intrinsic value. The company has a natural advantage in the shape of a strong business model, where it takes agro route to produce value added chemicals.
I have bought some quantity at 124, and have been accumulating at every dip. But I have also been going short against my deliveries, by selling the stock on a strong Sensex rally, and buying back more quantity after every dips of 10-15 rupees. The more the share falls, the better it is for accumulation by this method.
Regards. Kadiyali...
Accumulate Ind Glycol now on
Posted by : mukutTracked by: 0 Boarder
There will be clarity after q3 results only. It was multibaggar some back. But if it keep posting loss then share holders will not get any benefiy. Wait till q3 results, if there is sign of recovery in profit then definitely one can in small qty....
In reply to:
Accumulate Ind Glycol now on
Posted by : kadiyali
The net loss declared by India Glycol in Sept 08 quarterly results is after adjustment of unrealised foreign exchange loss of Rs 3007 lacs on re-statement of all foreign exchange borrowings & other assets, necessitated by rupee depreciation. Such loss being notional does not affect cash flow of the company, and actual loss/gain in this respect is ascertained and would get accrued only on final liquidation of loans. This kind of loss/gain keeps changing depending on fluctuation of exchange rate of rupee, and during last year the company had a gain of Rs 593 lacs for the corresponding quarter, and a gain of Rs 2066 lacs for the corresponding period of half-year due to strong rupee at that time. Since rupee from this level can only appreciate, this item of notional loss may not figure in future quarters.
In my opinion, because of the above loss declared, the share price of India Glycol can keep touching further lower bottoms whenever Sensex takes a dip, till declaration of Q3 results. It is a very good opportunity for we small investors to accumulate this sure-shot potential multibagger at lower levels much below its intrinsic value. The company has a natural advantage in the shape of a strong business model, where it takes agro route to produce value added chemicals.
I have bought some quantity at 124, and have been accumulating at every dip. But I have also been going short against my deliveries, by selling the stock on a strong Sensex rally, and buying back more quantity after every dips of 10-15 rupees. The more the share falls, the better it is for accumulation by this method.
Regards. Kadiyali...
Accumulate Ind Glycol now on
Posted by : kadiyaliTracked by: 0 Boarder
The net loss declared by India Glycol in Sept 08 quarterly results is after adjustment of unrealised foreign exchange loss of Rs 3007 lacs on re-statement of all foreign exchange borrowings & other assets, necessitated by rupee depreciation. Such loss being notional does not affect cash flow of the company, and actual loss/gain in this respect is ascertained and would get accrued only on final liquidation of loans. This kind of loss/gain keeps changing depending on fluctuation of exchange rate of rupee, and during last year the company had a gain of Rs 593 lacs for the corresponding quarter, and a gain of Rs 2066 lacs for the corresponding period of half-year due to strong rupee at that time. Since rupee from this level can only appreciate, this item of notional loss may not figure in future quarters.
In my opinion, because of the above loss declared, the share price of India Glycol can keep touching further lower bottoms whenever Sensex takes a dip, till declaration of Q3 results. It is a very good opportunity for we small investors to accumulate this sure-shot potential multibagger at lower levels much below its intrinsic value. The company has a natural advantage in the shape of a strong business model, where it takes agro route to produce value added chemicals.
I have bought some quantity at 124, and have been accumulating at every dip. But I have also been going short against my deliveries, by selling the stock on a strong Sensex rally, and buying back more quantity after every dips of 10-15 rupees. The more the share falls, the better it is for accumulation by this method.
Regards. Kadiyali...
...
In reply to:
Accumulate Ind Glycol now on
Posted by :
gautam56
What do you have to say now? May be the fortune of the company has changed due to economic slow down all around.Let`s see what the company has in store for its shareholders.If you have any favorable report, please do share with us.
Accumulate Ind Glycol now on
Posted by : Sriman35Tracked by: 0 Boarder
Hi kkmehta,
You may try out Raymond in the price band of 80~90 (BV 228, CMP 88) if your risk appetite is more. but I don`t recommend to buy more than 200 shares.
Don`t spend the 2 lacs at once. Markets are going no where in the next 6 to 9 months. There will be many buying oppurtunities.
bty.. Central Bank is a good choice, as suggested by dear mukund. Mr.Daruwala is capable person.
Regards,
Sri
...
In reply to:
Accumulate Ind Glycol now on
Posted by :
kkmehta
please let us know good quality stock available below book value , I want to invest Rs. two lac immediately. I am surprised to see the price of India Glycol at 75/-
Accumulate Ind Glycol now on
Posted by : Sriman35Tracked by: 0 Boarder
I don`t think it is due to economic slow down but (at the same I dont what exactly is the reason for the fall). India Glycols is on down hill much before the melt down. Check the last 6 month graph. It is on a free fall.
Regards,
Sri...
In reply to:
Accumulate Ind Glycol now on
Posted by : gautam56
What do you have to say now? May be the fortune of the company has changed due to economic slow down all around.Let`s see what the company has in store for its shareholders.If you have any favorable report, please do share with us.
Accumulate Ind Glycol now on
Posted by : gautam56Tracked by: 0 Boarder
What do you have to say now? May be the fortune of the company has changed due to economic slow down all around.Let`s see what the company has in store for its shareholders.If you have any favorable report, please do share with us....
In reply to:
Accumulate Ind Glycol now on
Posted by : gautam56
What do you have to say now? May be the fortune of the company has changed due to economic slow down all around.Let`s see what the company has in store for its shareholders.If you have any favorable report, please do share with us.
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