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Vivek Sukhani
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Quote Vivek Sukhani Replybullet Posted: 27/Sep/2006 at 11:16am
Along with Havell's, Crompton Greaves can be a very good play. They are getting into niche switchgears.They have also made some acquisitions which will hold them in wonderful stead. the best part about havell's and Crompton is their management quality.Havell's MD, Mr. Gupta(if I am not wrong) is extremely focussed and dynamic.Conducts a dealer visit almost everyday. This was one of the few companies which send their annual report immediately as I requested it and although thats not a aparameter for buying yet this is an extremely investor friendly company.Also, the bonus track record is extremely impressive. An Excellent company on all counts...
 
Crompton, is an excellent buy. Gautam Thapar is doing an excellent job and this company is making all right plans to forge ahead.They will grow organically as well as inorganically.
 
Just forgot 1 thing for Havell's.... Crabtree can be a wonderful money spinner.In this space, you may also have a ABB or a Siemens or a Larsen but they are already commanding a big premium.


Edited by Vivek Sukhani - 27/Sep/2006 at 11:17am
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Quote basant Replybullet Posted: 28/Sep/2006 at 12:43pm

Equity Buff: Now along with the power equipment play there is one company in a related space Suzlon Energy although on a PE basis it would appear over valued but when you see that the global industry is going to double in 3 years it would makes sense to look at this company. The company's new capex which should triple capacity in a couple of years is coming on stream in phases.Just put in an update on that one.

This is another of those companies that should grow its EPS by 35%- 40% over the next few years.
'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
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Quote Equity Buff Replybullet Posted: 28/Sep/2006 at 4:49pm
Thanks for the above post Basant.
 
Rgds.
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Quote Equity Buff Replybullet Posted: 28/Sep/2006 at 9:07am

Vivek,

EPS: Historical numbers will be okay and also half yearly numbers annualised for fy 07. ROE numbers will also help.
 
Thanks.


Edited by Equity Buff - 28/Sep/2006 at 9:10am
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Quote Vivek Sukhani Replybullet Posted: 28/Sep/2006 at 9:56am
Easun Results for 05-06( all figyres are in Rs. Lacs, except otherwise indicated)
Net Sales
 10640.00
Other Income 177.00
Gross Income 10817.00
Increase/Decrease in Stock 133.00
Consumption of Raw Materials 5874.00
Staff Cost 900.00
Total Expenditure (Excluding Other Expenditure) 6907.00
Other Expenditure 1449.00
Total Expenditure 8356.00
Interest 136.00
Profit(+)/Loss(-) Before Depreciation & Taxes 2325.00
Depreciation 254.00
Profit(+)/Loss(-)Before Tax 2071.00
Provision for Taxation 763.00
Other Provisions 0.00
Misc Expd.w/o 0.00
Net Profit(+)/Loss(-) 1308.00
Non Recurring Income 0.00
Non Recurring Expenses 0.00
Adjusted Net Profit(+)/ Loss(-) 1308.00
Face Value of Share (in Rs.) 10.00
Paid-up Equity Share Capital 333.00
Reserves Excluding Revaluation Reserves 3449.00
Dividend (%) 75.00
Basic EPS (in Rs.) 40.17
Diluted EPS (in Rs.) 40.17
Non-promoter Shareholding (Nos.) 1783408
Non-promoter Shareholding (%) 53.50
Easun Results for 04-05( All figures are in Rs. Lacs, except otherwise indicated)
 
Net Sales 5124.00
Other Income 103.00
Gross Income 5227.00
Increase/Decrease in Stock -216.00
Consumption of Raw Materials 3059.00
Staff Cost 655.00
Total Expenditure (Excluding Other Expenditure) 3498.00
Other Expenditure 961.00
Total Expenditure 4459.00
Interest 100.00
Profit(+)/Loss(-) Before Depreciation & Taxes 668.00
Depreciation 130.00
Profit(+)/Loss(-)Before Tax 538.00
Provision for Taxation 181.00
Other Provisions 0.00
Misc Expd.w/o 0.00
Net Profit(+)/Loss(-) 357.00
Non Recurring Income 0.00
Non Recurring Expenses 0.00
Adjusted Net Profit(+)/ Loss(-) 357.00
Face Value of Share (in Rs.) 10.00
Paid-up Equity Share Capital 314.00
Reserves Excluding Revaluation Reserves 2144.00
Dividend (%) 32.50
Basic EPS (in Rs.) 11.37
Diluted EPS (in Rs.) 11.37
Non-promoter Shareholding (Nos.) 1558245
Non-promoter Shareholding (%) 49.70
Easun Last Quarter( All figures are in rs. Lacs, except otherwise indicated).
Net Sales 2748.00
Other Income 52.00
Gross Income 2800.00
Increase/Decrease in Stock -81.00
Consumption of Raw Materials 1609.00
Staff Cost 240.00
Total Expenditure (Excluding Other Expenditure) 1768.00
Other Expenditure 419.00
Total Expenditure 2187.00
Interest 29.00
Profit(+)/Loss(-) Before Depreciation & Taxes 584.00
Depreciation 65.00
Profit(+)/Loss(-)Before Tax 519.00
Provision for Taxation 185.00
Other Provisions 0.00
Misc Expd.w/o 0.00
Net Profit(+)/Loss(-) 334.00
Non Recurring Income 0.00
Non Recurring Expenses 0.00
Adjusted Net Profit(+)/ Loss(-) 334.00
Face Value of Share (in Rs.) 10.00
Paid-up Equity Share Capital 333.00
Reserves Excluding Revaluation Reserves 0.00
Dividend (%) 0.00
Basic EPS (in Rs.) 10.03
Diluted EPS (in Rs.) 10.03
Non-promoter Shareholding (Nos.) 0
Non-promoter Shareholding (%) 0.00
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Quote Vivek Sukhani Replybullet Posted: 28/Sep/2006 at 10:08am
Torrent Power SEC.
 
Type UnAudited UnAudited UnAudited UnAudited UnAudited
Date Begin 01 Apr 06 01 Jan 06 01 Oct 05 01 Jul 05 01 Apr 05
Date End 3June'060 Jun 06 31 Mar 06 31 Dec 05 30 Sep 05 30 Jun 05
Description Value(Rs. million)
Net Sales 2784.16 2451.23 2388.95 2667.07 2623.52
Other Income 41.75 49.86 55.17 53.68 33.42
Total Income 2825.9 2501.09 2444.12 2720.76 2656.94
Expenditure -2380.45 -2148.26 -2075.38 -2306.3 -2264.43
Operating Profit 445.45 352.83 368.74 414.46 392.51
Interest -59.59 -42.9 -46.21 -46.61 -59.97
Gross Profit 385.87 309.94 322.54 367.85 332.54
Depreciation -95.93 -103.45 -83.1 -85.16 -84.29
Profit before Tax 289.94 206.48 239.44 282.69 248.24
Tax -103 -50.04 -103.35 -121.7 -85.2
Profit after Tax 186.94 156.45 136.08 160.99 163.04
Net Profit 186.94 156.45 136.08 160.99 163.04
Equity Capital 93.02 93.02 93.02 93.02 93.02
EPS 20.1 16.82 14.63 17.31 17.53
Nos. of Shares - Non Promoters - 4801986 - 4801986 -
Percent of Shares - Non Promoters - 51.62 - 51.62 -
The yearly results are not yet released as the co. has gone for a scheme of amalgamation. So, the previous five quarterlies have been provided. The scrip is also suspended for trading.

Edited by Vivek Sukhani - 28/Sep/2006 at 10:09am
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Quote Vivek Sukhani Replybullet Posted: 28/Sep/2006 at 10:11am
The June quarter of 06-07 comes first, colymn-wise speaking, followed by the preceding quarters. Its not coming on the post so have to initiate another post.
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Quote Vivek Sukhani Replybullet Posted: 28/Sep/2006 at 10:22am
Hi equity Buff,
 
I go for sheer financials and their growth and dont try to get too much into the business. Also, I look for companies which have a foreign collaboration as well with an equity stake, so that the company is assured of regular inflow of technological inputs. Thats why Easun is also looking good to me. My previous post is an expression of my liking and its not in any way a recommendation and will prefer a discussion on this....
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