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Feb 11, 2011

Brescon Corporate Advisors Ltd - 511628




Name of Company

Brescon Corporate Advisors Ltd

BSE Code

511628

NSE Code

Not Listed

ICICI Code


Established
1991

My Take

Like

Headquarters



Promoters

Nirmal Kumar Gangwal

Story


Sector

NBFC

Sub-sector

Business Advisors

Website

http://www.brescon.com/

Positives

Regular dividend of Rs. 2.5 which amounts to 3% dividend yield at current price of 72.  58% promoter holding, none pledged. Zero debt, regularly profitable company. Huge revenue kitty can be used for some expansion plans/acquisitions, but promoters do not seem to be interested.


Negatives

Promoter does not seem very interested to grow. Somewhat flat-ish revenues.(12 Cr to 19 Cr in 5 years - Fy06 to Fy10). 

Peers

News

Price @ blogged

72 (11-Feb-11)

Cost of company
25 Cr for a 5.5 Cr FY10 NP seems okay for a flat revenue company, but the 34 Cr reserves and zero debt make it a great buy. Dont buy small quantities. Buy only if you would like to take over the company :)

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