Name of Company | Bharati Shipyard |
BSE Code | 532609 |
NSE Code | |
ICICI Code | |
Established | 1973 |
My Take | So-So |
Headquarters | Mumbai |
Promoters | |
Story | Company build ships, has diversified into wind power as well. Started as a small company in Ratnagiri. Now has shipyards at Ratnagiri, Mumbai, Goa, Kolkata, Dabhol and Mangalore. Manufactures variety of ships. |
Sector | Shipping |
Sub-sector | Ship building, ship repairs and Wind power |
Website | |
Positives | Regularly profitable company. Revenues have grown from 260 Cr in FY06 to 1350 Cr in FY10. Company is trading at <5 times earnings (market cap at current prices is 670 Cr, net profit is 140 Cr). EPS is around 50. Can expect a regular dividend of Rs. 3 – yield is >1%. Good DII holding. 38% promoter stake - nothing pledged. |
Negatives | FY09 shows 1000 Cr debt when annual profit was around 138 Cr. NPM's have reduced from 20% to 10% - interest is one of the reasons for this. Reserves seem to fluctuate – some years have reserves, some don't. |
Peers | ABG Shipyard, Pipavav Shipyard |
News | |
Price @ blogged | 239 (5-Jul-10) |
Jul 10, 2010
Bharati Shipyard - 532609
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