|
|
|
| Name of Company | Torrent Cables |
| BSE Code | 523856 |
| NSE Code | Not listed |
| ICICI Code | |
| Established | 1989 |
| My Take | Like |
| Headquarters | Ahmedabad |
| Promoters | Torrent group (Torrent pharma and power) |
| Story | |
| Sector | Electrical |
| Sub-sector | Cables |
| Website | |
| Positives | 61% promoter holding, none pledged. Near 52 week low. |
| Negatives | Dividend history only for 2 years (so unbelievable) – but yield is >2%. None of the non-promoters hold more than 1%. FY08, FY07, FY06 have revenues less than 8 Cr. NPM's for FY09 and FY10 are >6%. Before that NPMs have negative or very less. |
| Peers | |
| News | |
| Price @ blogged | 112(17-Nov-10) |
| Cost of company | 96 Cr market cap for a 10.5 Cr FY10 NP makes it less than 10 times. With 122 Cr reserves and 10 Cr debt, it makes this company lowly valued. This is a value buy. |
No comments:
Post a Comment