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Moneycontrol.com >> Messageboard >> Stocks >> BGR Energy >> BUY UB ENGGERING 3 RD FASTEST GROWING CO. IN INDIA
   You are here :     Moneycontrol     MMB    Stocks      BGR Energy                         Most active discussions of 2006 , 2007 & 2008
BUY UB ENGGERING 3 RD FASTEST GROWING CO. IN INDIA (1)   15-Nov-09 07:04Track this thread   Tracked by (0)  
Posted by:   mylo on ( 15-Nov-09 07:04 )
Price : BSE: Rs 492.55 ( 5.10 % ), NSE: Rs. 492.40 ( 5.08 % )
UB ENGINEERING (526550 )ONE OF THE ONLY LISTED DEBT. FREE COMPANY in infra space from house of V. MALLYA catch if u can bcz it deserves pe ratio of 25-50 bcz it belongs to the house of ub group alwaya deserves high pe ratio then its peers, eps of 15 to 20 expected in march 10. AS COMPARE TO ITS PEER*** BGR Energy Systems Ltd WHICH CAPE OUT WITH AN IPO @ 500 IN DEC 07*** SO WHY NOT BUY UBENGG under evaluation: 1. FY 2010 EPS expected about 18-20. Listing on NSE.
3. Order book of about 750 crores
4. nil debt.
5. Amalgmation of WIE. and so on....
6. Sunrise sector
I hope this Mallya group company has all ingredients to be a multibagger,IN INDIA people will not buy such stock avilable @ pe ratio of 6-7 when ub group other COmpanies avilable @ pe ratio of 30-40 when it get re rated & it become expensive or say 150 plus when domestic funds or fiis show intrest then investors started buying it . its fair value as on date must be 250 rs at pe ratio of 20 its eps is 12 rs as of now going to increse to 17-20 rs for march 2010 .Pune-based UB Engineering, the flagship company of UB Group’sengineering business, is in an expansion mode. It plans to set up a captive fabrication plant in Central India this financial year to boost sales volumes, a top company official said.“The new plant is for fabrication of structural components, tanks and vessels and to cater to the growing domestic and overseas market”, S D Lalla, chairman, UB Engineering, said. He did not divulge the investment planned for the facility.
“This year our growth will be driven by the power sector. Till date 90 per cent of our business comes from domestic market and only 10 per cent from overseas”, he added. The company plans to continue its focus on the domestic market as it sees a huge demand within the country. “The business outlook is bright for the company as the economy is on a revival mode. The strategic initiative taken by the company to set up structural steel fabrication shop to exploit business opportunities in promising sectors such as power, steel, cement and infrastructure projects are expected to bear fruit in medium term”, he said. The company also plans to enter into a license agreement with a German or a Russian company to import sophisticated technology for high tech Installations. “The new plant and sourcing of new technology will add 25 per cent of business to the top-line”, Lalla said. The company clocked a turn over of Rs 454 crore in 2008-09, a 70 per cent jump over previous year (Rs 265 crore). It posted a net profit of Rs 21.14 crore in 2008-09. Lalla said the company’s accumulated losses of Rs 15 crore as on March 31, 2009, would be wiped out by the end of December 2009 and would announce dividends thereafter. With aggressive bidding for profitable business projects, the company hopes to cross a turnover of Rs 750 crore in this fiscal year. Lalla said at present the company’s book order was Rs 740 crore, half of which was in power generation, transmission and distribution. JK Sardana, executive director, UB Engineering, said the firm had opened branches in Sudan and Dubai too. avilable at pe ratio of 6 instead of sector pe 25 once start moving up ward u cant catch it .The firm is executing a 125 MW project worth Rs 75 crore for the Sudanese government. It is also bidding for Bhel’s over Rs 200 crore power project in Sudan. Sardana said its Dubai branch office would cater to projects in UAE, Saudi Arabia and Gulf region. The firm is also designing a noise po************...
llution free launching pad for ISRO
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