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| Name of Company | Kalpatharu Power transmission |
| BSE Code | 522287 |
| NSE Code | KALPATPOWR |
| ICICI Code | |
| Established | |
| My Take | Like |
| Headquarters | Gandhi Nagar |
| Promoters | Kalpataru group |
| Story | Works in power transmission. Designs, testing fabrication, erection and construction of towers and sub stations. |
| Sector | Power |
| Sub-sector | Transmission |
| Website | |
| Positives | Regular dividend player (Can expect a dividend of 0.7%). Kalpataru group owns around 55%. Domestic and international presence. Steady growth can be expected. > 5% npms regularly. DII's hold 21%, FIIs hold 14%. |
| Negatives | Some 5% shares have been pledged. Promoter shareholding just recently came down from 63% to 55%. |
| Peers | |
| News | |
| Price @ blogged | 990 (25-Aug-10) |
| Cost of company | 3000 Cr market cap at current prices. For 170 Cr FY10 profit, the PE works out to be 17 times. |
Aug 25, 2010
Kalpatharu Power transmission - 522287
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I should not have liked this company when the promoters had not liked it (they have 10% pledged shares and are reducing shareholding). Now this is available at Rs. 116 for a market cap of 1783 Cr. However cheap it may look, dont buy a company if promoters dont believe in the company. They do know more than we do.
ReplyDeletenow @ 1412 Cr. 7.83 PE. Promoters (Kalpataru Constructions) have pledged 10% of the 55% shareholding. 453 Cr debt as of Mar 2011 seems to be heavy, but comparable to power companies. I do not know how low this share can go before we start liking it.
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