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hit2710
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Joined: 15/Jun/2009
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   Posted: 16/Aug/2009 at 10:04am |
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The eps expected for fy 10 is conservatively around 15-16 and the order book at end of q1 fy10 was around 48 crore.
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Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart.
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kumardiwesh
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Joined: 26/May/2008
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Posted: 17/Aug/2009 at 6:42pm |
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The company's tax rate is around 34%.
So earnings are definitely real.
There has been no equity dilution for the last 6 years, which is very impressive.
Debt/equity has been coming down.
So interest expense will be lowered even further.
Can anyone point out the interest expense for FY09?
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"History does not tell you the probability of future financial things happening" - Warren Buffett
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hit2710
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Location: India
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Posted: 17/Aug/2009 at 7:01pm |
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In consolidated results interest cost for fy09 was 108.86 lakhs versus 127.2 lakhs for fy08
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Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart.
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EquityInv
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Joined: 21/Jul/2009
Location: United States
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Posts: 536
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Posted: 17/Aug/2009 at 2:50am |
Originally posted by hit2710
The eps expected for fy 10 is conservatively around 15-16 and the order book at end of q1 fy10 was around 48 crore. |
Thanks hit.. That's almost stable EPS w.r.t FY09 [Rs.14]. In Q1 FY10, even sales decreased by 30%, their NP is almost stable mainly because of decrease in interest cost. Did they improved their debt:equity ratio? Any idea of debt as on March'09 [can't find it anywhere]..
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One of the best rules anybody can learn about investing is to do nothing, absolutely nothing, unless there is something to do – James Rogers
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hit2710
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Joined: 15/Jun/2009
Location: India
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Posted: 17/Aug/2009 at 8:43am |
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As far as I can make out the time for almost 50 % growth in net profits is not now. I believe the company will increase profits by around 10-20 percent for next two years, but the stock is available at valuations of around 3 and little debt.
Because the lower growth is factored into the stock price, any upside surprise will push up the price.
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Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart.
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EquityInv
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Joined: 21/Jul/2009
Location: United States
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Posts: 536
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Posted: 19/Aug/2009 at 8:06am |
Originally posted by hit2710
As far as I can make out the time for almost 50 % growth in net profits is not now. I believe the company will increase profits by around 10-20 percent for next two years, but the stock is available at valuations of around 3 and little debt.
Because the lower growth is factored into the stock price, any upside surprise will push up the price. |
Yeah, FY10 seems okay for patel airtemp. But 10-20% growth should be good enough. Looking at their size, it's good to see that atleast they kept growing in this recession also [FY09].. But they should maiintain their march ahead in future depending on recovery in Indian infra's.
Edited by EquityInv - 19/Aug/2009 at 8:07am
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One of the best rules anybody can learn about investing is to do nothing, absolutely nothing, unless there is something to do – James Rogers
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hit2710
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Posted: 20/Aug/2009 at 1:29pm |
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Their performance in fy09 during difficult times gave me a lot of confidence in the company. And most of the times promoters are soaking up stock from market through their arm thermflow engineers.
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Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart.
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subu76
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Joined: 25/Feb/2008
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Posted: 20/Aug/2009 at 2:00am |
Hit Bhai, where do you get this data from yaar?
I am unable to see anything related in the bseindia.com insider trading page.
Also, any idea how i can see all the insider trades over the last one month or so.
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