- 06:00 PM MFs net sell Rs 257.50 cr in equities on Nov 26
- 05:59 PM MBL Infrastructures IPO richly priced: Angel Broki...
- 05:54 PM FIIs net buy Rs 306.10 cr in equities on Nov 26
- 05:47 PM Avoid MBL Infra IPO: Hem Securities
- 05:41 PM BSEL Ajmam exposure unaffected by Dubai debt crise...
- 05:33 PM Panel to smoothen FII investment process: UK Sinha
- 05:27 PM Loganadan overweight on capital goods sector
- 05:05 PM Omaxe says has $9.6 mln exposure to Dubai
- 05:00 PM Tata Motors posts consolidated qtrly profit
- 05:00 PM State farmers cheer year of cane; raise acreage


Rishabhdev Technocables listed today at Rs 42, a premium of 24.27% to its issue price of Rs 33 a share.
Speaking on the company's earnings expectations, Sunil B Golchha, CMD, Rishabhdev Tecnocable, targets Rs 210 crore in FY11 sales. He sees an earnings per share of Rs 15 in FY11."
Also see: Rishabhdev Technocables lists at Rs 42Here is a verbatim transcript of the exclusive interview with Sunil B Golchha on CNBC-TV18. Also see the accompanying video.
Q: Could you start by telling us what your expectations for revenues and profits are for fiscal year 2010?
A: 2010 our gross profit margin is 12.75% and the figure will be around Rs 1,667.70 lakh.
Q: That is Rs 16 crore?
A: Yes.
Q: What will be your topline, revenues?
A: Topline revenues is Rs 130.8 crore ( I can hear it as Rs 130 but pls check ones) approximately.
Q: This Rs 16 crore is the PAT target you have set out?
A: No, PAT is Rs 11.78 crore.
Q: And for Rs 11.78 crore, what do you think it is you might deliver by way of earnings per share in this financial year?
A: Around Rs 8.
Q: Are you talking about fiscal year 2010?
A: 2009-10.
Q: We are asking you about next year- what kind of targets would be reasonable for the next year that is year ending March 2010?
A: For Year ending 2010-11, it would be Rs 210 crore
Q: Where would this Rs 210 crore come from? Can you can break it up between instrument cables, and power cables and which clients would contribute the most?
A: Our main target of business is power cables ‑ low voltage power cables and XLPE cables. We also manufacture control cables and other instrumentation and data communication cables, but our major turnover will come from the power and distribution transmission cables.
Q: We understand that you have some high profile peers like KEI, Finolex Cables, Havells, what kind of market share do you enjoy at this point to deliver this much by way of growth?
A: Our percentage of growth is around 60%, 30% in the last couple of years.
Q: On that Rs 210 crore revenue that you are expecting for 2010, what kind of ballpark earnings per share could you end up with?
A: About Rs 15.
Business
Business News | Economy | Earnings | BSE NSE Notices
General News
Current Affairs | Politics | World News | Sports | Entertainment
Corporate Strategy
Management | Advertising | Marketing | Legal
Personal Finance
Tax | Insurance | Credit Cards | Loans | Property | Retirement | Investment Help | Financial Planning | Fixed Income
Markets
Local Market | Global Market | Market Cues | Analysis | Expert & FII outlook | Brokerage Recomendation
Stocks
Stocks in News | Expert Advice | ADRs & GDRs | IPO
Mutual Funds
News | Advice | MF Analysis | Fund Managers Views
Lifestyle
Travel | Wellness | Technology | Auto| Books
-
Most Read
-
Most Viewed
- 10 Companies that FIIs love
- 10 companies that MF managers love
- Dubai crisis: Which Indian companies may be affected
- Dubai jitters: Will bears overtake investor confidence now?
- Global mkts panic on Dubai's debt rescheduling
- Indian mkts rattled from Dubai default impact

- Ganeshaspeaks: Market prediction for Nov 27
- Nifty slips over 2%, breaches 4900 on Dubai's debt concerns
- Ashwani Gujral's top five picks for today's trade

- MBL Infra IPO opens; should you subscribe?
- Lanco Infra tying up funds for three power projects
Source: Business Line
- RIL units to get 20% of gas needs from D-6
Source: Business Line
- No need to ban cotton export, says Maran
Source: Business Line
- Karnataka hikes power tariff by 34.16 paise/unit
Source: Business Line











