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May 15, 2010

ABC India Ltd 520123

 

 

Name of Company

ABC India Ltd

BSE Code

520123

NSE Code

 

ICICI Code

Established

1963

My Take

So-So

Headquarters

Kolkata

Promoters

 

Story

Assam Bengal Carriers was the first transport company to be listed in Indian stock exchanges. 67 Cr Market cap at Rs. 135.

Sector

Logistics

Sub-sector

Surface transport, export and import services

Website

http://www.abcindia.com

Positives

52% promoter holding. This company is always in profit.

Negatives

No dividends for such a old company, No FII/DII holding. At Rs. 135, the trailing P/E is 86 – which is unreasonable. Company is good, but valuations are huge. 2% or less NPM and 5-7% OPM. FY10 EPS, NPM are much worse than FY09.

Peers

 

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