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Message Icon Topic: Solar Explosives Ltd - Explosive Growth Post Reply Post New Topic
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coolcarney
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Quote coolcarney Replybullet Posted: 20/Apr/2012 at 1:47am
Accussed of cartelization. Penalised 3% of their avg. revenue of last 3 years.
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wildandfree
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Quote wildandfree Replybullet Posted: 20/Apr/2012 at 7:50am
Originally posted by coolcarney

Accussed of cartelization. Penalised 3% of their avg. revenue of last 3 years.


Curious about the source of this information. Can you quote? Thanks
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wildandfree
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Quote wildandfree Replybullet Posted: 20/Apr/2012 at 7:54am
Originally posted by wildandfree

Originally posted by coolcarney

Accussed of cartelization. Penalised 3% of their avg. revenue of last 3 years.


Curious about the source of this information. Can you quote? Thanks



Never mind. I found something, here:

http://www.indiainfoline.com/Markets/News/Gulf-Oil-Corporation-Solar-Industries-and-Keltech-Engineers-penalized-by-CCI-for-cartelisation/4262060418

Thanks for alerting though.
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gaurav12123
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Quote gaurav12123 Replybullet Posted: 21/Apr/2012 at 2:45pm
Originally posted by manish_okhade

Solar Industries India Ltd. and Solar explosive is the same company? Moreover i am unable to open Solar explosive website!


http://www.solarexplosives.com/index.html
When I Trade i Try To Earn Infinity.
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Quote TCSer Replybullet Posted: 21/Apr/2012 at 4:01pm
Still one cant deny the pricing power the co enjoys n also the export story
Share market is nothing but a game of temperament. Success mantra Right Price,Right Business,Patience, Conviction .Do not do panic buying or selling.It may be the only profession where inactivity pays
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wildandfree
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Quote wildandfree Replybullet Posted: 25/May/2012 at 7:10pm
Kash ispe maine jyada bharosa dikhaya hota...


Consolidated NP up 33%
Cons. EPS 58.42.
Div. final Rs 5

Hoping to see some fireworks on Monday
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pikrohit
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Quote pikrohit Replybullet Posted: 03/Aug/2012 at 6:28pm

Anyone tracking Premier Explosives? I think it is a competitor to Solar explosives and was recently recommended in value-picks blog (Pasting the text). I am thinking of adding it in small quantities. Any comments?

Premier Explosives is a 30 year old Secunderabad based manufacturer of Explosives & Accessories.Company having three plants in Andhra Pradesh one each in Maharastra and  Madhya Pradesh.PEL is producing a wide range of explosives used in Mining and Defense.Over the past years company established as dominant player in this strictly controlled industry with indigenously developed technology and a well established marketing network.PEL producing various types of  electric & non-electric detonators , detonating cord & pentolite boosters, Smoke markers and other bulk explosives.Company having more than 90 explosives storing facilities across the country approved by the authorities and also possessing close to 125 explosive vans for the timely delivery of its products.In defense segment PEL having business alliances with Satish Dhawan Space Centre (SHAR) Sriharikota, SFC,Jagdalpur and  Armament Research & Development Establishment (ARDE )Pune for supplying missile fuel .Company also started export in recent times which shows a growth of 40% last year.A major portion of its revenue is generated from the mining sector .Even the mining activities are disrupted in many parts especially in Andra Pradesh ,company showing improvement in its operations.Now the restrictions on mining operations are expected to  lift at least partially in next few months which will help the company going forward.To minimize the effect of such restrictions company is now eying more exports and increasing its operation in defense sector.Government’s new policy to permit more participation for private players in defense sector is another positive for the company.Being an established player in a highly regulated industry company enjoying an early mover advantage.Due to the nature of this industry the entry barrier of new players is also very high.For the last financial year PEL posted a turnover of Rs.108 Cr ,a net profit of Rs.12 Cr  and an EPS of Rs.15/-. Company also declared a dividend of 25 %.At CMP of  Rs.73 it is trading at a P/E of below 5.Considering the entry barrier in this industry,its strong relations with government owned defense companies and the chances of some relaxation in mining activities – recommending a BUY only for  long term investors  at CMP of Rs.73/-.


Edited by pikrohit - 03/Aug/2012 at 6:32pm
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