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Alfred Herbert-attractively priced

Printed From: The Equity Desk
Category: Investment Ideas - Creating winning portfolios!
Forum Name: Microcaps-When will value.be unlocked?
Forum Discription: Micro cap companies waiting for value unlocking. This is for the patient long term investor These companies are neglected by the markets and are waiting for a catalyst.
URL: http://www.theequitydesk.com/forum/forum_posts.asp?TID=2966
Printed Date: 17/Apr/2025 at 10:46am


Topic: Alfred Herbert-attractively priced
Posted By: jstk
Subject: Alfred Herbert-attractively priced
Date Posted: 02/Sep/2010 at 2:35pm
Alfred Herbert India Limited is an Indian Kolkata-based holding company. It is a part of the late R.S.Lodha group

Currently quoting @ 180

current m/cap is about 14 cr ( equity : 77 lakhs)

1) zero debt

2) cash + MF + equity investments of around 25 cr +

3) 100% subsidiary called Alfred herbert Ltd is into Tyre Building machines, tyre curing presses doing well with a segment profitability of 2.15 cr on revenue of 21 cr in 2009-10. the Factory is located at whitefied in Banglaore opp ITPL ( international tech park)

4) another 100% subsidiary Herbert Holdings has some land/buildings/warehouse in kolkatta

i expect 2010-11 EPS to double to about Rs.59 on back of increased orders for tyre / rubber manufacturing /processing machineries for its 100% subisidiary. My price expectation is between 350-450 within a 12 month period.

it seems a safe vehicle to board in the current market conditions.

p.s: i'm invested



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If you buy for a non-value reason, you will end up selling for a non-value reason.


Replies:
Posted By: chaudhuris
Date Posted: 03/Sep/2010 at 9:33pm
Own this stock for some time.

Some more points:

  1. The last time the company revalued its land holdings was 1984. I don't have access to the AR currently but the land itself is many crores.
  2. They have an office in Ballard Estate. Would be interesting to know if they own the office space.

The stock is a value buy.

But the problem is motivation of promoters - are they in line with those of investors?


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Only when the last tree has been cut down
Only when the last river has been poisoned
Only when the last fish has been caught
Only then will you find that money cannot be eaten. ~ Cree Philosophy

Posted By: sumit_sultania
Date Posted: 08/Sep/2010 at 1:37am
Hey
Had a look on the company. Valuation wise the company looks good.
 The return on the investment that the company has made looks very good.
However if you can help me on these
what is the order book of its subsidiary.It was beaten down badly in the past.
And what all realty project  the company has undertaken currently?
I am confused regarding  the business model of this company and what should we bet on if we want to invest in this company.

Thanks

Posted By: Market Maniac
Date Posted: 17/Jan/2011 at 8:59pm
JSTK hats off to you.

Are you a Fund Manager?

Posted By: jstk
Date Posted: 19/Jan/2011 at 10:27am
thanks for the kind word. Not a fund mgr. Manage own/family/close friends full time.

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If you buy for a non-value reason, you will end up selling for a non-value reason.

Posted By: barla
Date Posted: 19/Jan/2011 at 10:40am
Why are they retaining the money. Is the monye being put to proper use

Posted By: jack1999
Date Posted: 23/May/2011 at 10:07pm
The observation that although people see a lot of pennies during their lifetimes they cannot draw an accurate picture of a penny is not directly relevant to the situation with plants. To determine if students have a default visual limitation that prevents them from accurately drawing plants, but not animals, would require experimentation. For example, students could be given a lesson which focused equally on a plant and an animal, such as a bird nesting in a saguaro cactus or an ant and its myrmecophyte. Students would then be asked after the lesson to draw the plant and the animal. If they could accurately draw the animal but not the plant, then that might be evidence of a visual limitation specific to plants.
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Posted By: elusionist
Date Posted: 23/May/2011 at 11:29am

Alfred Herbert India net profit declines 47.31% in the March 2011 quarter

Sales decline 63.79% to Rs 0.63 crore

Net profit of Alfred Herbert India declined 47.31% to Rs 0.49 crore in the quarter ended March 2011 as against Rs 0.93 crore during the previous quarter ended March 2010. Sales declined 63.79% to Rs 0.63 crore in the quarter ended March 2011 as against Rs 1.74 crore during the previous quarter ended March 2010.

For the audited full year, net profit rose 23.08% to Rs 0.48 crore in the year ended March 2011 as against Rs 0.39 crore during the previous year ended March 2010. Sales declined 36.15% to Rs 1.66 crore in the year ended March 2011 as against Rs 2.60 crore during the previous year ended March 2010.

ParticularsQuarter EndedYear Ended
 Mar. 2011Mar. 2010% Var.Mar. 2011Mar. 2010% Var.
Sales0.631.74 -64 1.662.60 -36
OPM %79.3787.36 -9 34.3456.15 -39
PBDT0.511.52 -66 0.581.46 -60
PBT0.491.50 -67 0.501.38 -64
NP0.490.93 -47 0.480.39 23

Posted By: paps3535
Date Posted: 13/Jun/2011 at 8:00pm
how to find a book value of Holding company?...
 
Do holding company stocks remain undervalued forever?..
 
What acts as a trigger for companies like industrial prudential,tata investment & this one also?


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Everything has good end.if it is not good,then it is not the end.


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