Vijay Shanti Builders
Printed From: The Equity Desk
Category: Investment Ideas - Creating winning portfolios!
Forum Name: Stock Synopsis
Forum Discription: A bried discussion of companies on very specific matters. Normally this is the prelude for further research as always members would be discussing quality companies with good management only
URL: http://www.theequitydesk.com/forum/forum_posts.asp?TID=2620
Printed Date: 21/Apr/2025 at 12:23pm
Topic: Vijay Shanti Builders
Posted By: EquityLover
Subject: Vijay Shanti Builders
Date Posted: 13/Jan/2010 at 5:25pm
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I want to start new thread on Vijay Shanti Builders. so how to do it? I have some interesting materials...
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Replies:
Posted By: Ashutosh
Date Posted: 13/Jan/2010 at 10:28pm
thread has started...you can post what you want to post
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My tastes are simple: I am easily satisfied with the best
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Posted By: EquityLover
Date Posted: 14/Jan/2010 at 4:34pm
Book Value = Rs 42.60, CMP 49 Rs.
Mkt Cap 61 + Debt 72 =133 Cr.
Inventories 181 Cr.
The Company has completed more than 250 projects.
Many schemes are under progress like Park Avenue, Raj Villas, Pebble, Faber Hills, Lotus Pond, Infiniti and most of them will be finished by Dec. 2011.
Salable Area are more than 35,00,000 sq.ft.
Total Revenue will be more than 1200 Crore (3,000 Rs./sq.ft.)
Expected Revenue
FY 2010-11 - 400 Crore
FY 2011-12 – 600 Crore
10% NPM will result in 40 Crore & 60 Crore Net Profit, so EPS will be around 45 Rs. which is current share price
As per internal source, there will be quantum jump in sales & profit of FY0910H2. (Let’s see in this result)
Promoter’s holding is slowly increasing continuously
If one observes at SHP carefully than
Sep-09 to Dec-09
Bodies Corporate’s stake is increased from 13.96 to 13.99
Individual shareholders holding nominal share capital in excess of Rs. 1 lakh(HNI) ‘s stake is increased from 14.39 to 15.97
Individual shareholders holding nominal share capital up to Rs. 1 lakh(Real Retail Investor)’s stake is decreased from 34.52 to 33.43 and number of shareholder is from 17465 to 17059
Most of the data can be verified on http://www.vijayshanthibuilders.com and moneycontrol.com
Disclosure: I hold this stock
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Posted By: EquityLover
Date Posted: 14/Jan/2010 at 4:40pm
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Technical Analysis suggest's that there is good support around 40 Rs. and If it crosses 55 Rs. then next target will be 90 Rs.
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Posted By: nazgul
Date Posted: 14/Jan/2010 at 4:42pm
just found a link http://propertybytes.indiaproperty.com/index.php/city-scape/interview-vijay-shanthi-builders-chennai - here
maybe its worth checking out
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I don't do funds, i do fundas.
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Posted By: rapidriser
Date Posted: 14/Jan/2010 at 9:51pm
Originally posted by EquityLover
Book Value = Rs 42.60, CMP 49 Rs.
Mkt Cap 61 + Debt 72 =133 Cr.
Inventories 181 Cr.
The Company has completed more than 250 projects.
Many schemes are under progress like Park Avenue, Raj Villas, Pebble, Faber Hills, Lotus Pond, Infiniti and most of them will be finished by Dec. 2011.
Salable Area are more than 35,00,000 sq.ft.
Total Revenue will be more than 1200 Crore (3,000 Rs./sq.ft.)
Expected Revenue
FY 2010-11 - 400 Crore
FY 2011-12 – 600 Crore
10% NPM will result in 40 Crore & 60 Crore Net Profit, so EPS will be around 45 Rs. which is current share price
As per internal source, there will be quantum jump in sales & profit of FY0910H2. (Let’s see in this result)
Promoter’s holding is slowly increasing continuously
If one observes at SHP carefully than
Sep-09 to Dec-09
Bodies Corporate’s stake is increased from 13.96 to 13.99
Individual shareholders holding nominal share capital in excess of Rs. 1 lakh(HNI) ‘s stake is increased from 14.39 to 15.97
Individual shareholders holding nominal share capital up to Rs. 1 lakh(Real Retail Investor)’s stake is decreased from 34.52 to 33.43 and number of shareholder is from 17465 to 17059
Most of the data can be verified on http://www.vijayshanthibuilders.com and moneycontrol.com
Disclosure: I hold this stock
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Hi EquityLover
The data on builder's site does not suport your figures. Here's what I could get from their web site.
Caveats -
1. Rate per square ft needs to be checked by someone from real estate industry in Chennai, Salem & Sriperumbudur
2. In all projetcss except 'Terracotta' the average area per unit is assumed to be the mathematical average of smallest and largest unit in the project.
| Site |
Class |
Location |
No. of Units |
Area Sq ft per Unit |
Total Area |
Rate |
Rs. Cr. |
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| Pebble |
Premium |
Nungambakkam, Chennai |
14 |
5400-5800 |
78,400 |
5,000 |
39.20 |
| Terracotta |
Luxury |
Adyar, Chennai |
8 |
2720-2895 |
22,206 |
4,000 |
8.88 |
| Glow |
Luxury |
Besant Nagar, Chennai |
4 |
2550 |
10,200 |
4,000 |
4.08 |
| Fountain Square |
Luxury |
Ayanavaram, Chennai |
16 |
1822-1965 |
30,296 |
4,000 |
12.12 |
| Faber Hills |
Luxury |
Kannan Kurichi, Salem |
99 |
3000-3500 |
321,750 |
2,500 |
80.44 |
| Lotus Pond |
Value for Money |
Kelambakkam, Chennai |
1200 |
363-1157 |
912,000 |
3,000 |
273.60 |
| Water Lily |
Value for Money |
Okkium Thoraipakkam, Chennai |
4 |
2000 |
8,000 |
3,000 |
2.40 |
| Infiniti |
Value for Money |
Chettipedu, Sriperumbudur |
588 |
385-1059 |
424,536 |
2,000 |
84.91 |
| Park Avenue (Apartments) |
Value for Money |
Melakottaiyur, Chennai |
536 |
490-1040 |
410,040 |
3,000 |
123.01 |
| Park Avenue (Villas) |
Value for Money |
Melakottaiyur, Chennai |
9 |
2255-2275 |
20,385 |
3,500 |
7.13 |
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2,237,813 |
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635.77 |
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When all else is lost, the future still remains. - Christian Nestell Bovée
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Posted By: arunshah2k
Date Posted: 30/Jan/2010 at 9:56pm
Originally posted by EquityLover
As per internal source, there will be quantum jump in sales & profit of FY0910H2. (Let’s see in this result)
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Results are out for Q3 and flat as Q2. Quantum jump is no where seen.
The management was expecting 150 crores for H2 and they have only done 37 crores for 9 months. How did the management arrive at the 150 crores?
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Posted By: rapidriser
Date Posted: 30/Jan/2010 at 8:55am
Originally posted by arunshah2k
Originally posted by EquityLover
As per internal source, there will be quantum jump in sales & profit of FY0910H2. (Let’s see in this result)
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Results are out for Q3 and flat as Q2. Quantum jump is no where seen.
The management was expecting 150 crores for H2 and they have only done 37 crores for 9 months. How did the management arrive at the 150 crores?
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I've made enquiries with a few friends in the Chennai real estate business and in financial circles about this co. The unanimous verdict is "AVOID".
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When all else is lost, the future still remains. - Christian Nestell Bovée
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Posted By: Arunstockguru
Date Posted: 26/Mar/2010 at 9:32am
Posted By: wiseowl
Date Posted: 18/Sep/2010 at 10:54am
Looks like they are into very high end apartments.
No annual reports (or any other financial reports) are available on their website.
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You alone are responsible for your actions.
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Posted By: uthisht bharat
Date Posted: 19/Sep/2010 at 3:37pm
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On a curious note, the company was incorporated in 1978 - the same year in which the movie Trishul was released featuring Amitabh (Vijay) as the promoter of Shanti Constructions. It seems like the promoters are inspired more by the name than the aggression of Amitabh. Maybe they have read too much into the popular adage from the Hindu mythology - Ram kaa naam hi kaafi hai.
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Posted By: Stockboy
Date Posted: 19/Sep/2010 at 12:03pm
This company is another case of promoters cheating shareholders. They are merging a promoter group company High End Homes Pvt. Ltd. with Vijay Shanthi. Now that will double the equity base of the company to Rs.26 cr. (2.6 cr. shares)and increase the promoter's shareholding dramatically higher.
So what are the shareholders getting in exchange?
The only thing on High End Homes balance sheet is Rs.40 cr. loans & advances. The company does not want to disclose to whom they have lent and if it is recoverable.
For FY10 the NP of this merging co. is ONLY Rs.3 lacs.
So you are right that they are inspired by movie Trishul in which Amitabh uses every trick in the book to succeed.
However what these promoters forgot to learn from the character of Vijay is that he was honest with those (Rakhi)who supported him and were a part of his success story (shareholders).
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