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India_Bull
Senior Member
Joined: 19/Sep/2006
Location: United States
Online Status: Offline
Posts: 2296
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   Posted: 15/Aug/2007 at 10:00pm |
I had this stock in my mind since it was at 600 levels but simply didnot study it because one of the (in)famous TAU Mr. Bathew was recommending it every where and at every possible opportunity, well, I missed 3 bagger then .
Moral of the story is- Look at the stock and not who is recommending it !!!
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India_Bull forever Bull !
www.kapilcomedynights.com
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kumarrvq
Senior Member
Joined: 02/Aug/2007
Location: India
Online Status: Offline
Posts: 126
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Posted: 15/Aug/2007 at 10:44pm |
India Bulls, I too was able to catch it late but around 1000 bucks......while buying I felt I missed 3 baggers but in first look I was impressed by what they are doing...there were no companies in India doing so.....just like subex they are monopoly in their own area...but I don;t know how big is their market....how much they can expend etc.....planning to accumulate more in dips.
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Thanks & Regards,
Harry
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Rinku
Senior Member
Joined: 06/Apr/2007
Online Status: Offline
Posts: 313
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Posted: 15/Aug/2007 at 11:44pm |
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i am also very excited about this company.Waiting for some correction though.
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kaizenbudhi
Groupie
Joined: 30/Jun/2007
Online Status: Offline
Posts: 82
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Posted: 15/Aug/2007 at 12:17pm |
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Have been in this since 2005. Detected at 75 and then exited between 150 -180. Then was not able to justify buying at 400 and then 800 & so on. Finally again entered between 800-1100 and sitting tight on it.:))
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deepinsight
Senior Member
Joined: 18/Sep/2006
Online Status: Offline
Posts: 980
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Posted: 15/Aug/2007 at 1:17am |
This is from Outlook Money around April 2007 time frame
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ICSA (India) (Current price: Rs 1,037.70, EPS: Rs 76.39). With a trailing annual turnover of Rs 260 crore, ICSA is a relatively small operation. However, it's growing at a blistering pace. ICSA's offerings are in technology solutions for the power sector, primarily to identify transmission and distribution (T&D) losses and monitor power consumption from a remote location. The monitoring from the distribution points into central control rooms uses telephone systems—both wired and wireless. With nationwide T&D losses among the world's highest, and on-going reforms in the sector, it seems to have its work cut out. Its client list includes Reliance Energy, Maharashtra State Electricity Distribution Company and CESCO. Over the last six quarters, ICSA has posted triple-digit growth, both in terms of revenue and net profit. In Q3 FY07, its sales grew 289 per cent, while net profit growth lagged only marginally, at 268 per cent. EPS for the trailing four quarters clocked in at Rs 76.39, which means the current market price discounts earnings by some 14 times. If one were to look at ICSA from the perspective of price earning to growth (PEG) ratio, it has to be one of the cheapest available. Clearly, it is impossible to continually log this pace of growth, but the upside would appear substantial.
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"Investing is simple, but not easy." - Warren Buffet
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deepinsight
Senior Member
Joined: 18/Sep/2006
Online Status: Offline
Posts: 980
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Posted: 15/Aug/2007 at 1:22am |
Mangal Keshav Brokerage firm came out with a report on this company 25 july 2007: (do not have the full report) here is what was available:
We had initiated coverage on ICSA India Ltd. on May 15, 2006 at Rs. 735 with a price target of Rs. 1160. The stock has reached our price target. We are upgrading our price target to Rs. 2160 backed by better business conditions and improving fundamentals.
Investment Argument
Solution to reduce AT&C losses – Automation of the distribution network Transmission and Distribution losses in India are as high as 35% to 40%. The Government of India has made Energy Audit mandatory for all SEB's and Distribution companies which will help them to reduce the Aggregate, Technical & Commercial (AT&C) losses to an acceptable level of 15%.
Automation of the distribution network is the solution to reduce these losses and thereby improve the financial viability of the distribution companies. Adherence to these regulatory guidelines will generate substantial demand for the products that monitor and identify the AT&C losses.
ICSA's proprietary technology provides solution for automation of distribution network We believe that ICSA will be the key beneficiary as it has developed embedded products that help in automation of the distribution network and thereby help in identifying the
distribution losses.
New Initiatives ICSA has also developed embedded solutions for other sectors like oil & gas, water reading and street light control. We believe that these products, which are deployed at various client sites on a pilot basis, will soon reach commercial stage. We believe that 13% of the revenue will come from these products in FY09E.
Strong order book position ICSA has an order book of Rs.5.8 bn. Products and Projects form 48% and 52% of the order book composition respectively.
Valuations
We expect company's revenue to grow at a CAGR of 110% from Rs. 811 mn to Rs 7.59 bn, earnings at 115% from 150.9 mn to 1.5 bn and EPS at 79% from Rs. 25 to Rs. 144 over (FY06- 09). At current price of Rs. 1315 the stock is available at 12.5x FY08E and 9x FY09E. We arrive at a price target of Rs. 2160 by giving 15x to its FY09E EPS. This provides an
upside of 64% from the current levels.
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"Investing is simple, but not easy." - Warren Buffet
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Rinku
Senior Member
Joined: 06/Apr/2007
Online Status: Offline
Posts: 313
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Posted: 15/Aug/2007 at 4:47am |
Thanks deepinsight for all the info.Do you have any holdings here and if yes what % of your portfolio.
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Rinku
Senior Member
Joined: 06/Apr/2007
Online Status: Offline
Posts: 313
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Posted: 15/Aug/2007 at 4:48am |
Any TEDs who are holding ICSA can pls let me know how this behaves during correction?
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