Also read when invested in this company is easy availability of gas in cities as well as rural India which will boost the sells of pressure cookers. also their cookware family sets are in great demand during festival season for corporate & staff gift. (may be not for next year)

Originally posted by NeerajMarathe i like the company...in the past 5 years, they have built up a damn gud balance sheet.. but lemme be the devil's advocate here.. they have capacity of bout 70 lakh+ cookers..and they produce only 24 lakh cookers(FY08),  still, they r incurring a capex of 8 cr or so, as per bse announcement on 31st jan. now why is this capex being incurred? second, if there is going to be this sizable expenditure, wud the dividend payout be sustainable?

Hawkins Cookers - Outcome of Board Meeting

Announcement:

Hawkins Cookers Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 31, 2009, has gave an in-principal approval to the proposed capital expenditure of approximately Rs 7 crores on the construction of Factory Buildings and the procurement of Plant and Machinery for the purpose of improving quality and augmenting capacity. It was expected that the expenditure would be incurred, through the financial year 2009-10.

May be their excess capacities are of old technology & they are looking for new technology which may save cost & provide good quality of product  and also possible that they are in process of introduction of new product range. What I observe is that their ability to handle on raw material side. They are pure metal consuming company but score 100% despite high prices of commodity last year. That's amazing.

20 Rupees dividend per share announced. At current price, the yield is more than 9.5% - I hope increase in dividend rate from 10 Rs/share to 20 Rs/share reflect the optimism of the management and sustainability of performance.

Originally posted by Vivek Sukhani Originally posted by nikhil090 20 Rupees dividend per share announced. At current price, the yield is more than 9.5% - I hope increase in dividend rate from 10 Rs/share to 20 Rs/share reflect the optimism of the management and sustainability of performance.   THe stock will most definitely go up on Monday.   locked at upper circuit with more than a lac shares with total quantity traded at less than 5k, as of now on BSE.   Expect 2 more hits.......

On a conservative basis at 8 pe it should trading around Rs. 280-290