Monday, November 8, 2010

Stock Idea: NGL Fine-Chem

NGL Fine-chem Ltd is a manufacturer of pharmaceuticals and intermediates for usage in veterinary and human health. Company caters to various global companies to custom manufacture high quality pharmaceuticals with reliability and flexibility. Utilizing its expertise in complex multi-stage organic synthesis, company continues to expand their product portfolio with new products. Company has established a strong presence in global pharmaceutical companies with its commitment to competitive prices, delivery schedules, international quality standards and constant  technological upgradation. The Company was incorporated on December 18, 2981 as  Private Limited Company in the State of Maharashtra. The Company became a Deemed Limited Company by virtue of Section 43A of the Companies Act, 1956 on 29.12.1993 and the necessary alternation to the Certificate of Incorporation was duly btained from the Registrar of Companies, Maharashtra. The Company has deleted the restrictive clauses in the articles of association by passing a special resolution on  May 20,1994 and has become a Public Limited Company. The Company has got its registered office and factory at New Bombay. The Company was promoted by Mr. A.G.Lawande, Mr.R. J. Nachane joined Mr.A.G.Lawande for actively participating in the management of the company in 1989.
 
It has an equity base of Rs.3.09crore that is supported by reserve of around Rs.8crore leading to a book share value around Rs.22.10. The promoters hold 66.68%, non promoter corporate bodies hold 11.85% while the investing public holds 21.46% stake in the company. For FY10, it recorded net sales of Rs.28.02crore with net profit of Rs.2.71crore against net sales of Rs.24.63crore with net profit of Rs.1.68crore in FY09. (Net profit zoomed 61% on yearly basis). The FY10 EPS was Rs.4.36. At current level, the stock is available at a forward P/E multiple of just 5.5.
Target Rs. 45-50/- Short to Medium Term
Rs. 60-80/- Long Term
Source: Internet (Valuenotes by ProfitTrack)

Stock Idea: Hindustan Construction

Hindustan Construction: Buy on dips
Company Overview—

HCC is one of the largest private sector construction companies in India and the foremost in infrastructure building. Businessman and nationalist, Seth Walchand Hirachand, founded the company. With a vision for a modern and prosperous India, Seth Walchand entered into the core sector of industry and on 27th January 1926 Hindustan Construction Company Ltd.,(HCC) was born. Company started initially with tunneling works has today grown to a Company with a dedicated, experienced and expert team of people achieving remarkable feats in the field of civil engineering construction. The Subsidiary Companies of HCC are Hincon Technoconsult Ltd, Western Securities Ltd, HCC Infotech Ltd, Pune Paud Toll Road Company Ltd and Hincon Realty Ltd. The company has staff strength of over 1250 people, including over 600 people with technical and engineering skills and experience. HCC's highly trained manpower and up-to-date machinery are, in large measure, responsible for the quality and excellence of HCC's project implementation. For its immense contribution in the field of construction, HCC has won accolades from several prestigious organizations within India and abroad. Company plans to play a
Products & services—
Company is one of the largest construction and infrastructure building company in the country. HCC specializes in the construction of technologically complex & Long-gestation period projects. The Company executes various projects from diversified areas like Hydel, Power, Roads, Bridges, Dams, Barrages, Marine Works, Buildings & Environmental Projects. The company has also undertaken several projects in Bhutan, Saudi Arabia, Iraq, Myanmar, Tanzania, Sri Lanka etc. The company also specializes in construction techniques like pre-cast units for industrial structures and jetties, slip forming for tall structures and underground shafts, bridge builders for segmented construction of long-span bridges, three-dimensional computer-aided design technology for bridges, and dredgers for speedy sinking of monoliths, etc.
HCC has contributed its civil engineering construction expertise with leading edge technologies for building some of the foremost infrastructure projects in India and abroad. Among these are over 300 road and railway bridges and several outstanding landmarks around the country. HCC has been involved in construction of the most diverse projects ranging from power, dams, highways and bridges, to marine structures, water supply, factories and waste treatment plants
Recent Developments—
10-august, HCC announced that it has bagged an order worth Rs 1.21 billion from Hindalco Industries. The work includes area grading works, water reservoir work and temporary roads & drains for Hindalco’s Aditya Aluminium project at Sambalpur, Orissa. The project is to be completed in 10 calendar months from the date of issue of this order.
9-september, Hindustan Construction Company announced that HCC-CPPL that is Hindustan Construction Co (HCC) and Coastal Projects (P) (CPPL) has been awarded a contract for construction of single line BG Tunnel No. 12 in between Khongsang-Tupul in connection with construction of New Railway Line Project between Jinbham and Tupur in Imphal, from North Front Railway. The value of the contract is Rs 3.128 billion. The company’s share in the total value of the contract is 60% that is Rs 1.876 billion.
24-september, HCC today announced that it has bagged two new contracts worth Rs 6.60 billion from GMR (Badrinath) Hydro Power Generation. The first order i.e. lot 2 involves main civil works package for coffer dams, diversion channel, barrage, power intake, and part HRT. The order is worth Rs 2.73 billion to be completed in 52 months from the date of issue. The second order i.e. lot 3 involves main civil works, package for MAT, powerhouse complex, surge shaft, pressure shaft, pothead yard, TRT and part HRT. The order is worth Rs 3.87 billion to be completed in 54 months from the date of issue.
Valuation—
Order book position of the company is growing steadily from last few quarters. HCC has expertise in hydropower and nuclear power, which will be the key growing areas in future in power sector. At CMP, stock is trading at 24.4 X multiple of its FY2011 Estimated EPS and 14.2 multiple of its FY2012 Estimated EPS. We recommend investors to “BUY” “Hindustan construction company ltd.” at every dips with medium to long-term investment horizon.
Source: Internet (Valuenotes by Abhishek Jain)

Intraday Trading Calls for 08th November

Buy with strict Stop Loss:

1. SHREE LAKSHMI COTSYN (526049)CMP RS. 162/- TARGET 167-172-175.

2.VIDEOCON INDUSTRIES (511389) CMP RS. 262/- TARGET 268-273-280.

3.ALEMBIC LTD. (506235) CMP RS. 76/- TARGET 79-82.

4. PVR LTD. (532689) CMP RS. 172/- TARGET 178-181-185.

5. PRATIBHA INDUSTRIES (532718) CMP RS. 79/- TARGET RS. 81-84-88.

GOOD LUCK.

Disclaimer

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