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| Name of Company | Visaka industries Ltd |
| BSE Code | 509055 |
| NSE Code |
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| ICICI Code | |
| Established | 1985 |
| My Take | So-So |
| Headquarters | Medak, AP |
| Promoters | |
| Story | Produces 6 lakh tons of cement sheets. |
| Sector | Construction related |
| Sub-sector | Manufactures Cement sheets for roofing |
| Website | |
| Positives | 7% institutional holding. Regular dividend paying company. Dividend yield at current price can be expected to be 1.7%. can buy this for the dividend, but can wait for a better price as this is not a sought after stock. EPS for FY10 is Rs. 36 - viz a PE of 4.75 @ current price. Can expect a 5-6% NPM every year. Panels division has started manufacturing in jan 2010. |
| Negatives | 37% promoter holding – one third of that is pledged. Too many small scale industries are competitors. |
| Peers |
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| News | |
| Price @ blogged | 171.25 (6/6/2010) |
Jun 6, 2010
Visaka industries Ltd - 509055
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As Rakesh Jhunjhunwala has a stake, this counter is being watched by a lot of people now...The only problem is that promoters are still having less than 30% effective stake, thus less control over Visaka
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