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suru27
Senior Member
Joined: 21/Jul/2009
Online Status: Offline
Posts: 102
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   Posted: 30/Jul/2009 at 4:14am |
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By the way Mr HIT2710,may i know you good name if you dont mind..?
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hit2710
Senior Member
Joined: 15/Jun/2009
Location: India
Online Status: Offline
Posts: 4013
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Posted: 30/Jul/2009 at 10:10am |
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Hi
I am Hitesh Patel and I am a dermatologist.
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Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart.
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amitdip
Senior Member
Joined: 28/Dec/2008
Online Status: Offline
Posts: 494
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Posted: 11/Aug/2009 at 5:43am |
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Hi Hitesh,
You have hit the right spot. I own this one. A stock such as this is once in a decade opportunity. It the future Thermax/Voltas like. With P/E expansion of 5 (from current 3 to 15) and EPS expansion of 5 ( likely to happen in next 5-6 years ) you have a 25 bagger at hand. I can guarantee that HDFC, HDFC Bank, L & T, BHEL et al will not be 25 baggers even 10 years from now.
Regards
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kumardiwesh
Senior Member
Joined: 26/May/2008
Location: India
Online Status: Offline
Posts: 721
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Posted: 12/Aug/2009 at 12:56pm |
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Any idea about the management of this company?
The most important issue regarding these unknown names is the management.
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"History does not tell you the probability of future financial things happening" - Warren Buffett
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hit2710
Senior Member
Joined: 15/Jun/2009
Location: India
Online Status: Offline
Posts: 4013
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Posted: 12/Aug/2009 at 4:35pm |
Originally posted by kumardiwesh
Any idea about the management of this company?
The most important issue regarding these unknown names is the management. |
AS FAR AS I KNOW IT IS GOOD MANAGEMENT. I GET MY DIVIDENDS ON TIME AND PROMOTERS HAVE BEEN BUYING INTO THE COMPANY FROM THE OPEN MARKET. THE COMPANY IS SPENDING MONEY TO THE TUNE OF 4=5 CRORES SINCE TWO YEARS FOR MODERNISATION AND IMPORT OF NEW MACHINERY. NO HOCUS POCUS DETECTED TILL DATE FROM THEIR BEHAVIOUR
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Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart.
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EquityInv
Senior Member
Joined: 21/Jul/2009
Location: United States
Online Status: Offline
Posts: 536
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Posted: 14/Aug/2009 at 6:25am |
Sharekhan on Patels Airtemp Target Rs 94Sharekhan has maintained its buy rating on Patels Airtemp (India) with a target
of Rs 94 in its research report. "The net sales grew by 29.1% to Rs
13.4 crore. Stable other income, depreciation and lower interest cost
led to a 29.4% growth in the net profit to Rs 1.76 crore. We maintain
our Buy recommendation on the stock with a revised price target of Rs 94, valuing the company at 6x FY2010E earnings," says Sharekhan's research report.
Edited by EquityInv - 14/Aug/2009 at 6:29am
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One of the best rules anybody can learn about investing is to do nothing, absolutely nothing, unless there is something to do – James Rogers
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hit2710
Senior Member
Joined: 15/Jun/2009
Location: India
Online Status: Offline
Posts: 4013
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Posted: 16/Aug/2009 at 7:56pm |
Originally posted by amitdip
Hi Hitesh,
You have hit the right spot. I own this one. A stock such as this is once in a decade opportunity. It the future Thermax/Voltas like. With P/E expansion of 5 (from current 3 to 15) and EPS expansion of 5 ( likely to happen in next 5-6 years ) you have a 25 bagger at hand. I can guarantee that HDFC, HDFC Bank, L & T, BHEL et al will not be 25 baggers even 10 years from now.
Regards |
Hi,
Looking at the way the management spends on importing new machines and modernisation, I tend to agree with you although I wouldn't bet on 25 bags being delivered. If it is it would be a pleasant surprise.
I find the foll. merits
Cheap stock with good growth
Reasonable dividend yield cushioning downside
Promoters increasing their holding
Nil or negligible mf or fii holding.
My view is that at current levels of 50-55 it is a bargain buy if you believe the story.
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Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart.
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EquityInv
Senior Member
Joined: 21/Jul/2009
Location: United States
Online Status: Offline
Posts: 536
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Posted: 16/Aug/2009 at 3:35am |
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Hit, first of all thanks for bringing this small wonder to our attention. PAT seems like "Chotta Voltas".
PAT had great hindsight record of past six years with average net profit CAGR of 75% and EPS growth at almost same rate of 75%.
Even in this recesssion, PAT has FY09 RoCE excellent of around 48% and RoE of 33%.
PAT served many prestigious clients. Moreover, they are based in Gujarat and hence will benefit from this growth engine of India.
Do you have idea of their existing order book?
what kind of EPS can we expect for FY10E?
Edited by EquityInv - 16/Aug/2009 at 3:37am
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One of the best rules anybody can learn about investing is to do nothing, absolutely nothing, unless there is something to do – James Rogers
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