Neyveli Lignite Corporation Ltd - 513683

Name of Company	Neyveli Lignite Corporation Ltd
BSE Code	513683
NSE Code	NEYVELILIG
ICICI Code
Established
My Take	Like
Headquarters	Chennai/Neyveli
Promoters	Government of India
Story
Sector	Power
Sub-sector	Mining and power production, diversifying into wind as well.
Website	http://www.nlcindia.com/
Positives	Revenues would increase as coal prices and power tariffs increase. A mini ratna. The company has very good NPMs at 25-30%. Very good reserves at 8600 Cr. Regular dividend yield at 0.75%. Can give a big dividend sometime to redistribute the reserves to shareholders if it does not have huge expansion plans. Moderate growth rates- has doubled topline in 5 years. Government has 93% stake. LIC has more than 3% stake.
Negatives	4000 Cr debt which is almost equal to FY10 revenues.
Peers
News
Price @ blogged	152 (13-Nov-10)
Cost of company	25K cr reserves for a 25-30% NPM company with a FY10 profit at 1200 Cr and reserves at 8600 Cr. It has debt of 4000 Cr. Currently around 21 times.

 

Dishman Pharmaceuticals & Chemicals Ltd - 532526

Name of Company	Dishman Pharmaceuticals & Chemicals Ltd
BSE Code	532526
NSE Code	DISHMAN
ICICI Code
Established	1983
My Take	So-So
Headquarters	Ahmedabad
Promoters
Story	Facilities in Europe, India and China. Listed in 2004. Acquisitions brought CRAMS CARBOGEN AMCIS (Swiss) and IO3S (Swiss) into Dishman.
Sector	Pharma
Sub-sector	CRAMS, APIs
Website	http://www.dishmangroup.com/
Positives	Good NPMs at 16-19%. Shows 600 Cr reserves (which almost 45% of current market cap). Regular dividends, yields around 0.8% at current prices.
Negatives	434 Cr of debt in FY10. Revenue guidance revised to 10%. FY09 revenue and profit was bigger than FY10 numbers.
Peers	Shasun, Divi's lab, Nicholas Piramal
News
Price @ blogged	169(12-Nov-10)
Cost of company	1361 Cr market cap for a 71 Cr FY NP makes it less than 20 times. 434 Cr debt and lower revenue visibility makes it costly even with high NPM's.

Assam Company (India) Ltd - 500024

 

Name of Company	Assam Company (India) Ltd
BSE Code	500024
NSE Code	ASSAMCO
ICICI Code
Established
My Take	Dislike
Headquarters	Dibrugarh
Promoters	Jajodia family
Story	Own 18 plantations across India. Owns some oil & gas bases in Assam and Nagaland.
Sector	FMCG
Sub-sector	Tea plantations
Website	http://www.assamcompany.com/
Positives	Regular dividend from 2006(as far as I have seen) – but not sure why company is paying dividend even when it is making losses. LIC holds some shares.
Negatives	Bad financials, has been accumulating losses. 46% promoter holding, 1.5% pledged.
Peers	Tata Global beverages, Mcleod Russel, Warren
News
Price @ blogged	27 (11-Nov-10)
Cost of company	834 Cr market cap for a 18 Cr loss and a 530 Cr debt makes it unreasonable. Reserves are also not shown.

Span Diagnostics Ltd - 524727

Name of Company	Span Diagnostics Ltd
BSE Code	524727
NSE Code	Not listed
ICICI Code
Established
My Take	Dislike
Headquarters	Surat
Promoters	Desai family
Story	Products for diagnostic industry.
Sector	Health
Sub-sector	Diagnostics
Website	http://www.span.co.in/
Positives	44% promoter holding, none pledged.
Negatives	Not a dividend payer, but pays then and now – expected yield at 1%.
Peers
News
Price @ blogged	91 (11-Nov-10)
Cost of company	66 Cr market cap for a FY10 profit of 5 Cr (around 13 times)

U.P. Hotels - 509960

Name of Company	U.P. Hotels
BSE Code	509960
NSE Code	Not listed
ICICI Code
Established
My Take	Like
Headquarters	New Delhi
Promoters
Story	Brand name is Hotel Clarks. Has hotels in Khajuraho, Agra, Jaipur and Lucknow. Has stories of having 700 Cr land bank running around.
Sector	Hotel
Sub-sector	Luxury hotels
Website	http://www.hotelclarks.com/
Positives	Promoters hold 88%, none pledged. Zero debt company.
Negatives	Regular, but unreliable dividend from 2007. Can expect 0.5% dividend yield.
Peers
News
Price @ blogged	340 (11-Nov-10)
Cost of company	183 Cr market cap for a 11 Cr FY10 profit (17 times). With 50 Cr in reserves, zero debt and flat topline, this makes the cost reasonable.