Cybele Industries (erstwhile Q-Flex Cables)
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=3058
Printed Date: 21/Apr/2025 at 3:41am
Topic: Cybele Industries (erstwhile Q-Flex Cables)
Posted By: KetanAdmirer
Subject: Cybele Industries (erstwhile Q-Flex Cables)
Date Posted: 07/Nov/2010 at 10:16pm
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This company was under BIFR purview and only recently merged a group entity with itself... The company website is http://www.qflexcable.com/index.htm The company has shut its old plant in Vandalur-Kelambakkam Road in Chennai and has a JV with Vijayshanthi Builders on that 10 acre plot... In first phase 5 acres are being developed which is sold out and the 2nd phase is to be launched at higher price in the next few months... The project details can be seen at the below links... http://www.qflexcable.com/park.htm http://www.vijayshanthibuilders.com/bhk_apartment.php The company launched another project opposite to the project in JV with Vijayshanthi Builders... The link for that project can be found below... http://www.allegria.in/ The company's equity capital is nearly 10 crores... The company has started getting revenue from the realestate projects which has started reflecting in its financial results... http://www.bseindia.com/xml-data/corpfiling/AttachHis/Cybele_Industries_Ltd_041110_Rst.pdf The company will get around Rs.50 to Rs.70 crores through these real estate projects which will reflect in the results in coming quarters consistently... The merged company is into Power Cables business and it has also started making profits... The stock has shot up 30% in last 2 days after the Sep 2010 results came... Note: I have a vested interest in this stock... So, please do your own due diligence before buying / selling this stock... ------------- Cheers Anand |
Replies:
Posted By: KetanAdmirer
Date Posted: 07/Nov/2010 at 10:21pm
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The Company's land admeasuring 10 Acre to be developed in collaboration
with Vijay Shanti Builders in accordance with the MOU already entered
with them. Under the MOU the developer to offer 40% of the cost of the
built up area of 8 lac Sq Ft.... http://www.bseindia.com/qresann/newsh.asp?newsid={B6AB5CF2-7525-4882-BDED-C3538BA0E8F4}¶m1=1 `Cybele Properties` the property development Division of the Company would develop 30 acres of land into Residential cum Commercial Complex near Gummudipoondi in north Chennai. The Company has already procured 20 acres of land and balance is being procured. This site is just opposite to the proposed medical Village coming up in 360 acres of land, a Joint venture project by Frontier Lifelines Ltd of Dr. Cherian & TIDCO, a division of the State Government of Tamilnadu and Sri City Multi product Special Economic Zones spread over 5000 acres promoted by Megasoft Ltd in Partnership with Andhra Pradesh Industrial Infrastructure Corporation (APIIC). This was an announcement made by the company to BSE... http://www.bseindia.com/qresann/newsh.asp?newsid={B4DDB318-5E35-4BF3-AFF8-D8052202ACA8}¶m1=1 Note: I have a vested interest in this stock... So, please do your own due diligence before buying / selling this stock... ------------- Cheers Anand |
Posted By: KetanAdmirer
Date Posted: 17/Nov/2010 at 9:06pm
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http://www.bseindia.com/xml-data/corpfiling/AttachHis/Cybele_Industries_Ltd_041110_Rst.pdf http://www.equitybulls.com/admin/news2006/news_det.asp?id=83174 Cybele Industries Q2 net profit jumps to Rs.2.37 crores Cybele Industries Ltd has announced the Financial Results for the Quarter ended September 30, 2010. The company has reported Net Sales / Income from Operations of Rs.6.17 crores for the quarter ended September 30, 2010 against Nil for the quarter ended September 30, 2009. The Net Profit / (Loss) was at Rs.2.37 crores for the quarter ended September 30, 2010 against (Rs.0.05) crores for the quarter ended September 30, 2009. The company has reported an EPS of Rs.2.27 for the quarter ended September 30, 2010 as compared to (Rs.0.12) for the quarter ended September 30, 2009. The stock was trading at Rs.20.60, up by Rs.1.85 or 9.87%. The stock hit an intraday high of Rs.20.60 and low of Rs.18.50. The total traded quantity was 16947 compared to 2 week average of 1548.
------------- Cheers Anand |
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Posted By: camanoj
Date Posted: 17/Nov/2010 at 9:01am
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where is profit from the 5-acre phase1 of park avenue already sold off? ------------- Manoj |
Posted By: camanoj
Date Posted: 17/Nov/2010 at 10:16am
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Anand,
As u r a research analyst, have u spoken to company. To me, it appears fishy. None of its numbers on its website and on bse site are correct. Look at this link http://www.qflexcable.com/allegeria.htm. Why has it not linked this page to www.allegeria.in? www.allegria.in has no mention of qflex or cybele. It claims to be a project by Dhanishkha. Even the spelling differs Allegeria on qflex site and Allegria on the other.Even email id ([email protected]) is incorrect. If you could get in touch with company in any manner, let me know. What if you have to contact company for any problem after you buy shares, how would you do that? ------------- Manoj |
Posted By: KetanAdmirer
Date Posted: 18/Nov/2010 at 3:38pm
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camanoj, I am not a research analyst and I am not giving a buy / sell call here... I am sharing whatever I know about the company... Its all investor's decision whether to buy or not... If you feel the company is fishy, then ignore it... Spelling mistakes are common... Anybody can make a spelling mistake... The profit from the phase 1 of project will be realized only over a period of time... Will you buy an apartment by paying 100% upfront which you will get only after 2 years??? Thats how the company will also get money... None of the Realestate companies will show JV partner for projects they do... Please don't rely on my opinion for buying / selling this stock... I am just sharing the information that I collected... I am confident about the company and I hold the stock... But, you might have different opinion about the company... Markets work only on difference of opinions... Note: I have a vested interest in this stock... Please do your own due diligence before buying / selling this stock... ------------- Cheers Anand |
Posted By: camanoj
Date Posted: 18/Nov/2010 at 9:36pm
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Anand,
Your profile says u r a research analyst. That's why I mentioned that. Thanks for addressing so many issues. I am definitely doing my own homework and will not simply rely on you/anyone. Can anyone help with Cybele's contact details (phone numbers & email) that work? The ones on its website and on bse's site are incorrect/old. If after going through http://qflexcable.com/park.htm, if someone wants to inquire/buy the property, he does not have a way to contact the company. ------------- Manoj |
Posted By: KetanAdmirer
Date Posted: 18/Nov/2010 at 7:41am
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You have to contact the builder Vijayshanthi Builders Ltd to buy / inquire about property in Park Avenue... I don't think Cybele will be able to help you...
------------- Cheers Anand |
Posted By: KetanAdmirer
Date Posted: 18/Nov/2010 at 8:04am
I don't know which numbers you tried... Check the below...
------------- Cheers Anand |
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Posted By: camanoj
Date Posted: 18/Nov/2010 at 9:14am
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I tried these very numbers not once, not twice, but many times at different time of the day. Why don't u ring these numbers and find yourself. Even fax number is not working.
I don't really want to enquire about park avenue. But I was wondering if someone stumbles on qflexcable 's park avenue page, there is no way for him to contact company, as he/she will not know that he/she is supposed to contact vijayshanti builders. Hope u get the point. ------------- Manoj |
Posted By: KetanAdmirer
Date Posted: 19/Nov/2010 at 12:41pm
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The number you might have tried would have had 040 as code... But, chennai code is 044... Thats why I asked you try again... I have corrected the code in my post... The BSE website has the code as 040... Hope this clears your doubt... ------------- Cheers Anand |
Posted By: KetanAdmirer
Date Posted: 26/Nov/2010 at 11:20am
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Hemant K Gupta of Smart Investment writes... But, the price was not Rs.21 last week... So, take it with a pinch of salt... Cybele Ind. (Rs. 21.00) (Code : 531472) Financial Performance Qtr. End. Yr. End. 30-9-10 31-3-10 Total Income 6.18 9.90 Net Profit 2.37 8.80 Equity 10.45 4.78 EPS (Rs.) 2.27 18.40 Promoter Stake 71.86 40.05 Formerly known as Q-Flex cables, this Chennai based company was engaged in production of electrical items. However, company was not doing well and incurring losses. Hence, factory was closed down. It led to 10 acre surplus land in Chennai. Cybele had entered into an agreement with Vijay ShanthiBuilders for development of residential township on this 10 acre surplus land. VijayshanthiBuilders will bear all expenses for development/construction of township called PARK AVENUE. Cybele will be entitled to get 50% of total saleable area as its share. Construction of project has already started. One unlisted company engaged in production of cables has been merged with Cybele which has led to promoter stake increasing to nearly 72% For year ended March 2010, Cybele had achieved EPS of Rs 18.40 From real estate project, total revenues of Cybele should be more than Rs 80 crores in next 2 years time. It works out to nearly Rs 80 per share at PBT levels on enlarged equity. For quarter ended Sept 2010, cable division contributed 1.95 cr to turnover and real estate division revenues stood at 4.21 crores. Cable division, during the period, incurred loss of 60 lacs. Although it is difficult to estimate (in fairly accurate manner) earnings of Cybele for current year and next year, yet Cybele should report EPS of ATLEAST Rs 8 in 2010-11 and EPS of more than Rs 20 in 2011-12 Current market cap is just Rs 23-24 crores. Buying recommended as scrip can be Rs 45-65 in next 9-15 months. A low-risk high reward opportunity Note: I have a vested interest in this stock, so my views may be biased... Please do your own due diligence before buying / selling this stock... ------------- Cheers Anand |
Posted By: camanoj
Date Posted: 27/Nov/2010 at 5:47pm
I tried with 044 only. If only you could try atleast once before replying. ------------- Manoj |
Posted By: camanoj
Date Posted: 27/Nov/2010 at 5:50pm
I wish u could try calling at least once before replying... give me some credit for dialing correct std number even if it's incorrect on bse site. ------------- Manoj |
Posted By: KetanAdmirer
Date Posted: 27/Nov/2010 at 8:29pm
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How will I know that you dialled the correct STD number... I think I made a mistake by trying to help you saying the information is wrong in BSE website... Sorry, I won't reply for your messages hereafter... I just tried to help you... I don't want to call them... I have faith in the company as I have directly visited the Park Avenue project and inquired with Vijayshanthi Builders as well about the sale of first phase... I have also visited the Allegria project site and inquired there... ------------- Cheers Anand |
Posted By: KetanAdmirer
Date Posted: 07/Feb/2011 at 12:33pm
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Another excellent quarter for the company,
Q3 EPS @ Rs.3.26
9 months EPS @ Rs.5.34
Market Capitalization @ Rs.20 crores
9 months net profit @ Rs.5.58 crores
Promoters Holding @ 71.86%
http://www.bseindia.com/xml-data/corpfiling/announcement/Cybele_Industries_Ltd_070211_Rst.pdf - http://www.bseindia.com/xml-data/corpfiling/announcement/Cybele_Industries_Ltd_070211_Rst.pdf
Note: I have a vested interest in this stock... So, please do your own due diligence before buying / selling this stock... ------------- Cheers Anand |
Posted By: KetanAdmirer
Date Posted: 05/May/2011 at 1:32pm
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http://www.bseindia.com/xml-data/corpfiling/AttachHis/Cybele_Industries_Ltd_050511_Rst.pdf - http://www.bseindia.com/xml-data/corpfiling/AttachHis/Cybele_Industries_Ltd_050511_Rst.pdf
Q4 EPS @ Rs.1.97
12 months EPS @ Rs.7.31
Market Capitalization @ Rs.20 crores
Note: I have a vested interest in this stock... So, please do your own due diligence before buying / selling this stock... ------------- Cheers Anand |
Posted By: KetanAdmirer
Date Posted: 30/Jun/2011 at 8:59am
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Park Avenue Phase II launched... The company should get cash flows atleast for the next 2-3 years... Note: I have a vested interest in this stock... Please do your own due diligence before buying / selling this stock... ------------- Cheers Anand |
Posted By: KetanAdmirer
Date Posted: 30/Jun/2011 at 9:01am
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Park Avenue : Phase I Sold Out Park Avenue : Phase II Details: http://vijayshanthibuilders.files.wordpress.com/2010/10/park-avenue.jpg"> Land Extent – 5 Acres ( Phase II) For more information: Visit our website http://www.vijayshanthibuilders.com/park_intro.php - http://www.vijayshanthibuilders.com/park_intro.php or call us at +91-44-44430000 ------------- Cheers Anand |
Posted By: KetanAdmirer
Date Posted: 12/Jul/2011 at 6:38pm
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Cybele Industries Ltd has informed BSE that the
Honourable Board for Industrial & Financial Reconstruction (BIFR)
at its meeting held on June 14, 2011 had passed an order to discharge
the Company from the purview of SICA / BIFR vide its order dated June
22, 2011.
------------- Cheers Anand |
Posted By: KetanAdmirer
Date Posted: 05/Aug/2011 at 6:47pm
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Another excellent quarter by the company... :-) Cybele Industries Q1 net profit surges to Rs.2.43 crores Cybele Industries Ltd has announced the Financial Results for the Period ended June 30, 2011. The company has reported Net Sales / Income from Operations of Rs.5.22 crores for the quarter ended June 30, 2011 against Rs.2.98 crores for the quarter ended June 30, 2010. The Net Profit / (Loss) was at Rs.2.43 crores for the quarter ended June 30, 2011 against (Rs.0.20) crores for the quarter ended June 30, 2010. The company has reported an EPS of Rs.2.33 for the quarter ended June 30, 2011 as compared to (Rs.0.20) for the quarter ended June 30, 2010. Source: Equity Bulls Posted On: 2011-08-05 03:34:08 Click here to send ur comments or to mailto:[email protected] - [email protected] ------------- Cheers Anand |
Posted By: KetanAdmirer
Date Posted: 04/Nov/2011 at 3:34pm
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Cybele Industries Q2 net profit at Rs.1.81 crore Cybele Industries Ltd has announced the Financial Results for the period ended September 30, 2011. The company has reported Net Sales / Income from Operations of Rs.4.56 crores for the quarter ended September 30, 2011 against Rs.6.17 crores for the quarter ended September 30, 2010. The Net Profit / (Loss) was at Rs.1.81 crores for the quarter ended September 30, 2011 against Rs.2.37 crores for the quarter ended September 30, 2010. The company has reported an EPS of Rs.1.74 for the quarter ended September 30, 2011 as compared to Rs.2.27 for the quarter ended September 30, 2010. The stock was trading at Rs.16.16, up by Rs.0.76 or 4.94%. The stock hit an intraday high of Rs.16.17 and low of Rs.14.64. The total traded quantity was 402 compared to 2 week average of 1534. Source: Equity Bulls Posted On: 2011-11-03 02:46:28 Note: I have a vested interest in this stock... Please do your own due diligence before buying / selling this stock... ------------- Cheers Anand |
Posted By: KetanAdmirer
Date Posted: 07/Nov/2011 at 3:38pm
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http://www.vijayshanthibuilders.com/happy-boulevard.html The phase 2 of the project is on and rates have been increased to Rs.2800 per sq.ft... The phase 1 was sold for Rs.2300... :-)) Phase 2 has been launched as "Boulevard" Note: I have a vested interest in this stock... please do you own due diligence before buying / selling this stock... ------------- Cheers Anand |
Posted By: KetanAdmirer
Date Posted: 07/Nov/2011 at 3:43pm
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This project is worth Rs.120 crore as per an announcement made by Vijay shanthi builders to exchanges and media... http://www.bseindia.com/stockinfo/anndet.aspx?newsid=2cc19b28-c5e6-419f-b998-078dad92cc46
As per an old announcement in January 2008, the share of cybele is http://www.bseindia.com/qresann/newsh.asp?newsid={3E331A3D-D1FB-4C0B-BE94-3B4D70ACF1C6}¶m1=1 The Company's land admeasuring 10 Acre to be developed in collaboration with Vijay Shanti Builders in accordance with the MOU already entered with them. Under the MOU the developer to offer 40% of the cost of the built up area of 8 lac Sq Ft with in turn works out to Rs 83.25 Crores @ Rs 2600 per Sq Ft. :-)) Note: I have a vested interest in this stock... please do you own due diligence before buying / selling this stock... ------------- Cheers Anand |