KALE CONSULTANTS
THE COMPANY IS INTO THE NICHE SEGMENT OF PROVIDING SOFTWARE FOR TOUR AND TRAVEL INDUSTRY.
THE RECENT 3-4 QUARTERS RESULTS SEEM TO REFLECT GOOD GROWTH FOR THE COMPANY AND SINCE THE TOUR AND TRAVEL INDUSTRY IS SEEN AS A GROWTH SECTOR, THE COMPANY WHICH IS A SORT OF ANCILLARY PLAY COULD BE AN INTERESTING PLAY.
CURRENT ORDER BOOK AS ON DEC09 STANDS AT 400 CRORES WHICH IMPARTS GOOD VISIBILITY TO ITS REVENUES FOR NEXT 2- 3 YEARS.
Year |
05 |
06 |
07 |
08 |
09 |
9mfy10 |
Sales |
49 |
62 |
79 |
86 |
102 |
88 |
NP |
1 |
6.6 |
8 |
16.6 |
10.1 |
12.49 |
Eps |
0.64 |
5 |
6 |
12.45 |
7.6 |
9.33 |
Div |
|
1.25 |
1.25 |
0.75 |
1 |
|
Net CF |
-3.85 |
5.43 |
0.06 |
4.1 |
2.39 |
|
EQUITY 13.36 CRORES, PROMOTER HOLDING AROUND 35%(SOME PLEDGING DONE)
MARKET CAP 114 CRORES DEBT NEGLIGIBLE(AROUND 3 CRORES AS ON MARCH 09)
HSBC SMALL CAP FUND HOLDS AROUND 3.25 %
NO SIGNIFICANT FII HOLDING.
CASH ON HAND AS ON MARCH 09 WAS 13 CRORES.
TECHNICAL VIEW:
SINCE POSTING MULTIPLE BOTTOMS AROUND 19-20 LEVELS IN OCT08-MARCH09 PERIOD THE STOCK HAS GONE INTO A STRONG UPTREND WITH A HIGHER TOP AND HIGHER BOTTOM FORMATION. AFTER REGISTERING A HIGH OF 108 THE STOCK IS CURRENTLY CONSOLIDATING AROUND 85 LEVELS.
THE STOCK MADE ITS ALL TIME HIGH OF 815 IN JAN 2000 POST ITS LISTING.
CURRENTLY IT IS CLOSE TO ITS 11% (OF 815) LEVELS WHICH COMES AT AROUND 89-90 LEVELS.
LOOKING AT THE RUN UP IN MID CAP IT STOCKS, KALE COULD BE AN INTERESTING STOCK TO WATCH OUT FOR.
Anyone with further info is requested to contribute(especially the it guys who might know more about the company and its prospects)