This company was under BIFR purview and only recently merged a group entity with itself...

The company website is http://www.qflexcable.com/index.htm

The company has shut its old plant in Vandalur-Kelambakkam Road in Chennai and has a JV with Vijayshanthi Builders on that 10 acre plot... In first phase 5 acres are being developed which is sold out and the 2nd phase is to be launched at higher price in the next few months...

The project details can be seen at the below links...

http://www.qflexcable.com/park.htm

http://www.vijayshanthibuilders.com/bhk_apartment.php

The company launched another project opposite to the project in JV with Vijayshanthi Builders... The link for that project can be found below...

http://www.allegria.in/

The company's equity capital is nearly 10 crores...

The company has started getting revenue from the realestate projects which has started reflecting in its financial results...

http://www.bseindia.com/xml-data/corpfiling/AttachHis/Cybele_Industries_Ltd_041110_Rst.pdf

The company will get around Rs.50 to Rs.70 crores through these real estate projects which will reflect in the results in coming quarters consistently...

The merged company is into Power Cables business and it has also started making profits...

The stock has shot up 30% in last 2 days after the Sep 2010 results came...

Note: I have a vested interest in this stock... So, please do your own due diligence before buying / selling this stock...

http://www.bseindia.com/xml-data/corpfiling/AttachHis/Cybele_Industries_Ltd_041110_Rst.pdf

http://www.equitybulls.com/admin/news2006/news_det.asp?id=83174

Cybele Industries Q2 net profit jumps to Rs.2.37 crores

Cybele Industries Ltd has announced the Financial Results for the Quarter ended September 30, 2010.

The company has reported Net Sales / Income from Operations of Rs.6.17 crores for the quarter ended September 30, 2010 against Nil for the quarter ended September 30, 2009.

The Net Profit / (Loss) was at Rs.2.37 crores for the quarter ended September 30, 2010 against (Rs.0.05) crores for the quarter ended September 30, 2009.

The company has reported an EPS of Rs.2.27 for the quarter ended September 30, 2010 as compared to (Rs.0.12) for the quarter ended September 30, 2009.

The stock was trading at Rs.20.60, up by Rs.1.85 or 9.87%. The stock hit an intraday high of Rs.20.60 and low of Rs.18.50.

The total traded quantity was 16947 compared to 2 week average of 1548.

Source: Equity Bulls

Posted On: 11/4/2010 12:01:29 AM

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Anand,
As u r a research analyst, have u spoken to company. To me, it appears fishy. None of its numbers on its website and on bse site are correct. Look at this link http://www.qflexcable.com/allegeria.htm. Why has it not linked this page to www.allegeria.in? www.allegria.in has no mention of qflex or cybele. It claims to be a project by Dhanishkha. Even the spelling differs Allegeria on qflex site and Allegria on the other.Even email id ([email protected]) is incorrect.

If you could get in touch with company in any manner, let me know. What if you have to contact company for any problem after you buy shares, how would you do that?

Anand,
Your profile says u r a research analyst. That's why I mentioned that.

Thanks for addressing so many issues. I am definitely doing my own homework and will not simply rely on you/anyone.

Can anyone help with Cybele's contact details (phone numbers & email) that work? The ones on its website and on bse's site are incorrect/old.

If after going through http://qflexcable.com/park.htm, if someone wants to inquire/buy the property, he does not have a way to contact the company.