this stock trades at an attractive valuation of 3.9x its FY11 earnings and EV/EBIDTA of 1.2x FY11E, with high FY11 ROE of +20%," says Sushil Finance research report.
Someone’s sitting in shade today because someone planted a tree long time ago.
Joined: 07/Oct/2009
Location: India
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Posts: 14
Posted: 03/Feb/2010 at 4:11pm
Can anybody tell me where Mangalam's limestone mine is located?.. and whether its existing lisences limestone reserves would be enough to support the capacity expansion of 1.5 mill tonnes that it is planning? I read in a report that it had applied to the government of Madhya Pradesh for a prospecting lisence but has not received any favourable response yet. The company is already operating at 85% of its current capacity and its inability to expand its capacity would lead to a kind of stagnation in its revenues.
Joined: 01/Jan/2010
Location: India
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Posts: 241
Posted: 03/Feb/2010 at 8:03am
Mangalam cement.......... a BK BIRLA GROUP COMPANY appears to be one
of the good stocks for investment .JUST LOOK AT THE STOCK DETAILS.... Market cap.....427 cr EQ....................27 cr NP....................96cr( 9 months C/Y).....97cr(12 months Mar2009) Sales..............470cr(9 months)...........647cr(12months.Mar2009) EPS...................36(9 months)..............34(12 monthsMar2009) BV...................143 PE.......................4.42 ROCE................45.54 RONW...............38.42 Debt equity.........0.17
The company is establishing a new cement plant of 1.5 m MT with 17.5
mw thermal power plant at an outlay of 750 cr of which 300cr will be
internal accruals and contemplate the completion with in 18 months .I
think the scrip deserves to be invested. I request the TED members to express their opinion.
Joined: 01/Jan/2006
Location: India
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Posts: 18403
Posted: 03/Feb/2010 at 8:42am
For the Pe computation just check the discount with the leader Acc and then try to apply it unless the leader's pe expends the others will trade at similar discount valuations.
'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
Joined: 01/Jan/2010
Location: India
Online Status: Offline
Posts: 241
Posted: 03/Feb/2010 at 9:41am
Thanks Basantji. ACC is currently trading at 10PE and Mangalam is at significant discount as it is available at 4 PE.Some of the mutual funds have also invested int he scrip. SBI MAGNUM......201838 shares HSBC MIP..........138600 shares DBS CHOLA SMALLCAP.....15563 shares
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