Suprajit Engineering -

Established 1985

Based out of Bangalore

mechanical control cables for motorcycles, cars, commercial vehicles and non automotive

instruments, speedometers

Housing Finance Companies

HDFC is the big boss here, huge valuations and huge player. A lot of banks are in this business as well. HFCs are better focussed to lend into categories such as Home loans and mortgages. Banks such as ICICI, SBI are also popular places where people tend to shop when getting their loans. 

Company Name	Last Price	52 wk	52 wk	Market Cap	Net Profit
		High	Low	(Rs. cr)	(Rs. cr)
HDFC	668.05	736.45	582.25	98,482.05	3534.96
LIC Housing Fin	225.85	245	150.4	10,720.26	974.49
Dewan Housing	185.55	288	171.1	1,946.11	265.13
GRUH Finance	551.2	630.05	310.1	1,945.82	91.51
GIC Housing Fin	74.05	122.4	68	398.77	113.77
Shristi Infra	154	248.7	132.1	341.88	3.73
Can Fin Homes	91.6	135.8	86.55	187.64	42.02
Sharyans Res	52.3	83.5	42.5	77.77	1.61
India Home Loan	42.4	52.3	37.45	46.39	0.13
Sahara Housing	57.55	138.1	52.3	40.28	2.26
Coral India Fin	18.6	29	17	19.38	5.98
Vax Housing	15.12	71.8	8.93	11.95
Manraj Hsg Fin	21.65	30.85	20	10.83	0.48
Ind Bank Housin	9.74	22.7	8.48	9.74	-2.92
Parshwanath	23.7	90.75	23.7	7.11	1.35
Int Housing Fin	2.76	7.14	2.71	4.96	-0.03
Sylph Tech	2.52	6.63	2.52	1.25	0.22
Saya Housing	4.04	6.95	2.94	1.21	0.03

From Emkay Indian Housing finance sector report:

Mortgage/GDP in India is a meager 10%* and with improving demographics and economies of scale, we believe there is room for growth.

The recent NHB regulation on withdrawal of pre-payment penalty and uniformity in interest rates on floating loan is unlikely to have any material impact on growth and profitability.

In order to gauge the impact of interest rate on housing loan growth,

we have plotted the trend on yoy growth in individual loan portfolio and floating rate loan of

HDFC. Our analysis depicts that interest rates have minimal impact on mortgage demand in

the past. This is clearly evident from the fact that over the last decade, despite volatile

interest rate regime (8.25%-12.75%), HDFC has witnessed healthy 24% CAGR in its loan

book.

TRF - 505854

A tata group company

Material handling equipment and processing systems

highly volatile profits, thus the stock price

When blogged, 214 (at 52 week low, 5 year low is 90 during march 2009). market cap is 235 Cr.

ups and downs in this stock, buy low, sell high. 5 year high was 1100. more than 10 times the low, about 5 times the current price.

Metrochem Industries

37 Cr market cap at current price of 32.50. 

this company normally sells for around 200 Cr a year. In Fy10 it sold 13 Cr and had a additional income of 47 Cr.

This company seems to have stopped doing business, please exit.

Clariant - 506390

manufactures dyes, colors and intermediate chemicals.

Clariant is a world leader in colors, surface effects and performance chemicals. Clariant has its HQ in Basel, Switzerland. It is the biggest listed dye maker in India.

Now at 52 week low. 5 year low was in Feb 2009. 

Zero debt.

The parent company is in red 4 of the last 5 years. Heavy dividends by this company are explained by some quoting this reason.

PVR - Business

P/E is 8 times. Dividend yield is 0.79%, MCap is 329 Cr. Price is 127 when blogged.

This is very visible and glittery business, but how profitable is it? Not so much. Sales increased from 200 Cr to 400 Cr in 5 years until FY11. net profit increased from 10 to 16 Cr in the same period. NPM is a paltry 4%. Debt has increased from 60 Cr to 160 Cr in the same period. The company pays 16 Cr in interest for the debt. 

South Indians are movie buffs - this can be observed from the over 70% occupancy in this region. 

How it earns:

Movie exhibition in 142 screens across 18 cities. (Ticket sales) - 70%

Movie distribution(Revenue sharing)/Co-production  - 20%

Food and beverage sales - 10%

Advertisement - marginal

How it spends:

Distribution

Employees

Rent

NHPC - Business

Operates 12 Power stations. Consultancy for hydro power projects. Devloping power projects around India, even in neighboring countries like Bhutan. Electricity is sold to State EBs based on PPA (power purchase agreements). 

The power generation depends on how the power stations are managed, you cannot expect too much from a PSU. More than that, the power generated on local problems, weather problems, how much it rains, etc.

EBs are not in a very good financial position. They may defer on payments. 

Micro Technologies - 532494

Forbes had a article in  Sep 2010 about Micro technologies.

http://www.forbes.com/global/2010/0913/best-under-billion-10-micro-technologies-inventively-pleasant.html?boxes=Homepagelighttop

Promoter - Sekhar Padmanabhan, pHd from University of Mumbai. Aditya Sekhar is his son and taking over his reins - now, he is the Chief Strategic Officer.

Established in 1992

223 Cr market cap at current price of Rs. 156.20. FY11 NP was at 44Cr. Expected NPM is 10 to 13 %. Regular dividend payer with a yield of 0.5 to 0.75%. 

Mumbai based company. Production and assembly in Baddi, HP (tax benefits). 

Security products like software that calls or SMSs when someone accesses your computer or black boxes placed in power stations which monitor temperature, fuel levels, sabotage etc and calls/SMSes employees.

Clients:

Reliance Industries, Reliance Energy, ICICI Bank, Bank of Maharashtra, Sicom, 

HPCL, BPCL,  IL & FS, IOC, TVS Group, Rolta, Eureka, Glenmark, Pantaloon, 

Shapoorji Group, Mumbai Railway, RCF, Atlas Copco, MTNL & L & T etc.

http://www.microtechnologies.net/ 

Great Offshore - business

This stock is in its 52 week low. Is it a good time to buy?

Approximately 2900 Cr debt as of March 2011. This is the reason, I think GOL is finding new bottoms. Profits have declined, but this company is not making any losses as such. 

Bharati Shipyard is the promoter

In 2009, Vijay Kantilal Sheth, the promoter of Great Offshore Ltd (GOL), was in trouble when lenders made margin calls under a share-pledge deal. The promoters of Bharati Shipyard stepped in to help Sheth with the required cash.

Although Bharati Shipyard’s PC Kapoor maintained that it was only a strategic investor, it subsequently wrested around 14.89 per cent stake in GOL, making itself the largest shareholder, and launched an open offer for another 20 per cent. This was the first instance in the history of corporate India, where pledged shares were invoked.

The battle to acquire GOL intensified after ABG Shipyard made a counter offer to acquire 33.8 per cent. Both continued mopping up shares from the market and revising the offer price in a takeover battle that lasted over six months. It finally came to an end when ABG Shipyard exited the race and Bharati Shipyard took control of GOL.

Source: Business Standard

Voltas

As soon as I think of this company, I think of air conditioners. Is this company worth current market capital of 3500 Cr just for selling ACs?

A - Electro-Mechanical products and services

B - Engineering products and services

C - Unitary Cooling products (ACs)

This company does more than that. 

More than 50% of the business is from EMP or MEP services - Voltas is still seen as a HVAC player in India. HVAC contracts would be offered by airports, metro train stations, malls, IT parks, hospitals, industry floors, games stadias, etc. Voltas would essentially have to design and implement heating, ventilation and air conditioning contracts. Voltas may get other parts of the project as well such as plumbing, electrical work, fire and safety, environmental control system, etc. Full fledged MEP contracts are still not common in India, but are common in developed countries. The company has been winning and executing waste water and air quality projects in environmental engineering. Middle east is a major market for Voltas' MEP projects.

Around 10% of the revenues come from the engineering services. Voltas manufactures textile machinery - spinning, weaving, knitting and dyeing. The company also manufactures mining and construction equipment - crushing, screening, mining loaders, crawler cranes and large excavators. Materials handling equipment are also manufactured by Voltas.

The remaining 35% of the revenues for Voltas are from ACs. They have all types of models in the market and a very good distribution network. This is a very competitive market, esp from foreign brands.