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| Name of Company | NTPC Ltd |
| BSE Code | 532555 |
| NSE Code |
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| ICICI Code | |
| Established | |
| My Take | Like |
| Headquarters | |
| Promoters | Govt of India |
| Story | A lakh and 60K Cr market cap (at Rs. 195). |
| Sector | Energy |
| Sub-sector | Thermal |
| Website | |
| Positives | A large company with 18-20% NPM, sure profits. Reserves more than annual revenue (FY10 revenues are 48K Cr, reserves are 54K Cr). |
| Negatives | |
| Peers |
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| News | |
| Price @ blogged | 201.60 (6/6/2010) |
Jun 6, 2010
NTPC Ltd - 532555
Visaka industries Ltd - 509055
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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. |
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| News | |
| Price @ blogged | 171.25 (6/6/2010) |
Jun 4, 2010
Accentia Technologies Ltd - 531897
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| Name of Company | Accentia Technologies Ltd |
| BSE Code | 531897 |
| NSE Code |
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| ICICI Code | |
| Established | |
| My Take | Dislike |
| Headquarters | Mumbai |
| Promoters | Pradeep Suseela Vishwambharan |
| Story | Was previously called HiTech entertainment. Changed hands in 2006 to Pradeep. |
| Sector | IT |
| Sub-sector | ITES – mainly healthcare BPO, with some legal KPO |
| Website | |
| Positives | |
| Negatives | DR have been issued against 55K share (0.4 % shares) – does not look like genuine money raising. Promoters hold 16% shares and have pledged 3/4th of their stake. Recent news flow around acquisition (note strategic stake – how much % is not mentioned) seems like a operators play. |
| Peers |
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| News |
Subex Ltd - 532348
| Name of Company | Subex Ltd |
| BSE Code | 532348 |
| NSE Code |
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| ICICI Code | |
| Established | 1992 |
| My Take | Dislike |
| Headquarters | Bangalore |
| Promoters |
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| Story | Subex provides fraud management and revenue assurance solutions to global telecom players. It was one of the worst hit companies due to a slump in the telecom sector in the last eight quarters globally. The company struggled to remain afloat as its clients from the telecom sector postponed investments in new projects. It's client list includes Bell, Comcast, T Mobile, Telefonica, Verizon, BT, Zain, Vodafone, BSNL, Reliance Communications, and Telstra among others. Now, the worst seems to be over for the sector. Telcos are showing signs of revival, which means that the investments could get back in the sector. This augurs well for Subex. |
| Sector | IT |
| Sub-sector | Focuses on OSS for communication service providers. |
| Website | |
| Positives | The company is also aggressively expanding its services portfolio, which would generate recurring revenue. With the restructuring of its FCCBs and other debts, its interest costs will fall. This will support its net margin in the future quarters. At present price of 60 its quoting at less than 6 times its 1 year forward earnings. That's quite cheap considering the valuation enjoyed by its peers. Subex is the same scrip which even couple of years back commanded a price of over 800 in the bourses. With things looking rosy coupled with promoters taking warrants at 80,things can only get better for the counter. |
| Negatives | Subex's '07 acquisition of services fulfillment player Syndesis went awry as global telcos cut new capex post subprime crisis. Subex took a big hit because of this since it was betting on selling the next generation deliverables of Syndesis. The promoters have no confidence in the company and that is why they have reduced their stake and have pledged their shares as well. |
| Peers | Rolta |
Jun 1, 2010
PAE Ltd - 517230
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| Name of Company | PAE Ltd |
| BSE Code | 517230 |
| NSE Code |
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| ICICI Code | |
| Established | |
| My Take | Dislike |
| Headquarters | Mumbai |
| Promoters | Arvind Raoji Doshi and family |
| Story | Claims to be the largest distributor of lead storage batteries in India. Distributes auto and industrial batteries, power backup systems for businesses and lifts/escalators. Has entered into agreement with Schneider electric india for distributing Xantrex. PAE started in 1950 as Premier auto electric and entered industrial batteries in 2003 and changed its name to PAE. Subsidiary Shurjo energy pvt ltd (I don't think it is fully owned) has manufacturing plants in Kalyani, W.Bengal – products are solar panels using CIGS thin film tech (no Silicon). |
| Sector | Trading and distribution |
| Sub-sector | Dealers for UPS, energy products, etc |
| Website | |
| Positives | Regular dividend payer from 2007. Dividend yield expected at price of Rs. 42 is 3 to 4%. Shurjo energy seems to be a real company as they have a website and a are recruiting. |
| Negatives | Too much news flow recently. 2% NPM is very low – but as dealerships are a competitive business, we cannot expect great NPM's. revenue has been consistently decreasing from Dec 08 Qtr. For Rs. 4 to 5 EPS, Rs. 42 is a heavy price to pay (esp when NPM is 2%) and when no growth plans are seen. |
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| News |
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