Hanung Toys & Textiles

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Topic: Hanung Toys & Textiles

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subu76
Senior Member

Joined: 25/Feb/2008
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Posts: 5709

Posted: 14/Aug/2009 at 11:55pm

As Basant Ji mentioned sometime ago...such a company would not be able to resist the temptation to pick up huge debts during good times......

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chimak10
Senior Member

Joined: 30/Aug/2007
Location: India
Online Status: Offline
Posts: 1540

Posted: 14/Aug/2009 at 12:12pm

Originally posted by TCSer

Have visited the company.Investment to be avoided.

Details please?? Like what did u see.....that made u to avoid this company

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valuepicks
Senior Member

Joined: 10/Mar/2009
Location: India
Online Status: Offline
Posts: 180

Posted: 19/Aug/2009 at 5:06pm

gbhupesh & TCSer,

Even I am curious to know more about this company, as I plan to invest in Hanung. Please share more details about their worker relationship and tax evasion.

The CEO is from a financial background and such profiles are known to create financial maze to evade taxes. However, they have been reporting decent growth with most financial parameters being satisfactory.

Moreover, their client base is impressive and the idea to license famous cartoon characters is commendable.

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tjjeykumar
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Joined: 26/Aug/2009
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Posts: 26

Posted: 02/Sep/2009 at 11:33am

thk u
can we buy this stock or not.

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amol.karale
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Joined: 11/Mar/2009
Location: India
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Posts: 80

Posted: 27/Oct/2009 at 8:45am

Company has debt of around 380 Cr. at the end of FY09 & they just secured nod from its shareholders for raising funds up to $50 million (about Rs 238 crore) through the issue of securities. Stock is no longer cheap, assuming that it will have debt of around 600 cr in it's balance sheet.

Amol

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venkat
Senior Member

Joined: 21/Sep/2009
Location: India
Online Status: Offline
Posts: 267

Posted: 27/Oct/2009 at 8:54am

Originally posted by amol.karale

Company has debt of around 380 Cr. at the end of FY09 & they just secured nod from its shareholders for raising funds up to $50 million (about Rs 238 crore) through the issue of securities. Stock is no longer cheap, assuming that it will have debt of around 600 cr in it's balance sheet.

One would second that! Order book of 800 crores is just 1 year and 3 months of revenues. Sure Orders for Toys would be for the year ahead but Textiles can surely have 2-3 years of order backlog.

Edited by venkat - 27/Oct/2009 at 9:29am

Life is always a fight....to finish at the start line.
Problem-Use challenge, Tension-Use excitement,Ican't-Use i can,avoid no at the beginning of sentence.

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respondvignesh
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Joined: 17/Feb/2011
Location: India
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Posts: 20

Posted: 09/Jun/2011 at 1:29pm

hanung at 52 week low now. Trading below its book value at a PE of 3.5. Is it the right time to enter this stock??

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