Stocks near 52 week lows - May 2011

Company name	Last Price	52 Wk Low	% above low
SKS Microfin	415.35	415	0.08
ICSA	111.15	111	0.14
Ratnamani Metal	124.5	124.2	0.24
Money Matters	55.95	55.8	0.27
Gothi Plascon	3.46	3.45	0.29
Thinksoft	54.6	54.4	0.37
Ken Financial	63	62.75	0.4
Era Infra Eng	186.55	185.7	0.46
Valuemart Info	4.02	4	0.5
Kemrock Indus	505.1	502.55	0.51
Power Finance	216.2	215.1	0.51
BGIL Films	3.82	3.8	0.53
Themis Medicare	180.95	180	0.53
Gupta Synthetic	11.32	11.26	0.53
Morarka Finance	7.04	7	0.57
Tayo Rolls	87.2	86.7	0.58
Bannariamman	555.3	552	0.6
Advanta	245	243.4	0.66
Nirlon	45.6	45.3	0.66
Glory Polyfilms	3.01	2.99	0.67
Indian Metals &	511	507.5	0.69
Mastek	102.8	102.05	0.73
Consolidated Co	39.8	39.5	0.76
Jindal Online	1.29	1.28	0.78
Shri Chlochem L	8.25	8.18	0.86
Baba Arts	9.33	9.25	0.86
Tatia Global	5.8	5.75	0.87
Sunshield Chem	45.9	45.5	0.88
Acropetal Tech	38.05	37.7	0.93
PTC India Fin	19.9	19.7	1.02
Adani Power	108.75	107.5	1.16
Fortune Fin Ser	90.1	89.05	1.18
Kale Consult	89.6	88.55	1.19
Sir Shadi Lal	54.65	54	1.2
Garg Furnace	16.2	16	1.25
Bannari A Spg	111.6	110.15	1.32
Texmaco	29.45	29.05	1.38
ARSS Infra	494.95	488.05	1.41
MOIL	372.9	367.35	1.51
SBEC Sugars	11.37	11.2	1.52
Emmbi Polyarns	12.66	12.47	1.52
Simplex Project	132	130	1.54
Panyam Cements	64.7	63.7	1.57
IndiaBPower	21.75	21.4	1.64
Gayatri Bio	8.05	7.92	1.64
Shanthi Gears	34.05	33.5	1.64
Dolat Investmen	3.05	3	1.67
Voltamp Trans	549.25	540.2	1.68
Competent Auto	48.5	47.7	1.68
C and C Const	127.25	125.15	1.68
Genesys Int	161.7	159	1.7
Hiran Orgochem	5.92	5.82	1.72
Amraworld	0.59	0.58	1.72
Resurgere Mines	0.58	0.57	1.75
NDTV	66.15	65	1.77
Axis Bank	1,232.90	1,211.00	1.81
Teledata Tech	0.56	0.55	1.82
Cinemax India	39.1	38.4	1.82
GAIL	446.6	438.5	1.85
Oriental Bank	324	318	1.89
Transport Corp	90.7	89	1.91
ICRA	1,080.15	1,059.90	1.91
SBIBIIIR	10,157.66	9,965.00	1.93
UB Holdings	176.9	173.5	1.96
Bhoruka Alum	28.5	27.95	1.97
Indiabulls Sec	15.5	15.2	1.97
Binayaka Tex	341.1	334.45	1.99
GVK Power	22.7	22.25	2.02
Aditya Birla	22.6	22.15	2.03
CMI FPE	1,273.95	1,248.00	2.08
Kirloskar Ind	338	331	2.11
Oricon Enterpr	311.55	305	2.15
SBIBIVR	10,389.64	10,170.00	2.16
Agio Paper	5.66	5.54	2.17
Filatex Fashion	6.13	6	2.17
Softsol India	32.8	32.1	2.18
JSW Energy	70.05	68.55	2.19
Shilpi Cable	25.55	25	2.2
Ad Manum Fin	27	26.4	2.27
Concurrent	10.29	10.06	2.29
Singer India	34.5	33.7	2.37
Ruby Mills	792.7	774	2.42
JCT	2.84	2.77	2.53
Venus Sugar	2	1.95	2.56
SR Industries	5.18	5.05	2.57
Sanjivani Paren	37.5	36.55	2.6
Pankaj Polymers	11.04	10.75	2.7
Control Print	35.95	35	2.71
Sterling Bio	93.1	90.55	2.82
Anand Credit	5.05	4.91	2.85
Vikas WSP	17.85	17.35	2.88
Bilpower	97.65	94.9	2.9
Mavens Biotech	4.93	4.79	2.92
MindTree	352	342	2.92
Chetinad Cem	460.15	446.65	3.02
Devika Finstock	5.4	5.24	3.05
Newtime Infra	23.5	22.8	3.07
Swan Mills	88.75	86.1	3.08
Avance Tech	5.35	5.19	3.08
Celebrity Fash	10.21	9.9	3.13

ICICI bank, Bank of America, JPM Chase - A comparison

	Bank of America ($ Mi)	JPM Chase ($ Mi)	ICICI Bank (Rs Cr)	ICICI Bank ($ Mi)
Market cap	125,025	182,867	126,487	28,108
Price	12.34	45.79	1,098.00	24.40
P/E	-55.87	10.18	24.55	24.55
P/B	0.59	1.07	2.23	2.23
Net Income	-2,238	17,370	5,151	1,145
CAR(%) Tier I	8.60	12.10	13.17	13.17
Financial leverage	7.21	7.00	NA	NA
Gross NPA(%)	4.47	4.71	4.47	4.47
Net NPA(%)	3.60	3.39	1.16	1.16
PCR (%)	NA	NA	76.00	76.00
NIM(%)	2.78	NA	2.60	2.60
5 yr Rev growth (%)	50.03	65.64	24.82	24.82
RoE	-0.01	10.00	NA	NA
RoA	Neg	0.85	1.35	1.35
Efficiency ratio	74.61	NA	NA	NA
Revenue	111,390	102,694	15,665	3,481
NII	52,700	51,001	9,017	2,004
Total Assets	2,264,909	2117605	406234	90,274
Total Deposits	1,010,430	930369	225602	50,134

I have tried to compile whatever I saw in the 2010 annual reports of BofA and JPM Chase (Jan till Dec 2010) and compare it with FY11 annual results of ICICI Bank (Apr 2010 till Mar 2011). Please let me know if I have miscalculated or misunderstood something.

JPM - ICICI Bank comparison
The market cap of JPM Chase is just 6.5 times that of ICICI bank. This seems a bit costly to me. The net income (Net profit) of ICICI bank at $ 1.1 bi pales with respect to the $ 17.3 bi of JPM Chase (around 15 times higher). The revenues of JPM Chase at $ 102 billion is 30 times the $3.5 billion that ICICI generates. NII of JPM is 25 times that of ICICI Bank and Assets are 23 times that of ICICI bank. Even the deposits of JPM Chase are 18 times that if ICICI Banks deposits. Revenue of JPM Chase has grown 65% from 2006 revenue whereas ICICI banks revenue has grown 25% from Fy07.

ICICI bank is better than JPM Chase when Capital adequecy or Net NPAs are considered. But is that reason enough for such a high market cap?

Peter Lynch quotes

Lynch has said that "absent a lot of surprises, stocks are relatively predictable over 10-20 years. As to whether they're going to be higher or lower in two or three years, you might as well flip a coin to decide."

The key to making money in stocks is not to get scared out of them.
I think you have to learn that there's a company behind every stock, and that there's only one real reason why stocks go up. Companies go from doing poorly to doing well or small companies grow to large companies.

In this business if you're good, you're right six times out of ten. You're never going to be right nine times out of ten.
You get recessions, you have stock market declines. If you don't understand that's going to happen, then you're not ready, you won't do well in the markets.
Go for a business that any idiot can run - because sooner or later, any idiot probably is going to run it.
Never fall in love with a stock; always have an open mind.
The bond market is dominated by conservative investors who keep rather close tabs on a company's ability to repay the principal. Since bonds come before stocks in the lineup of claimants on the company's assets, you can be sure that when bonds sell for next to nothing, the stock will be worth even less. Here's a tip from experience: before you invest in a low-priced stock in a shaky company, look at what's been happening to the price of the bonds.

Visiting stores and testing products/services is one of the critical elements of analysts’ job.
Hottest stocks in the hottest industries are better avoided. Probably, they are too expensive deals.
Book value in Balance Sheet could be quite deceptive – Debt is real number and assets may be worth less than the amount they appear for in balance sheet.
It takes years, not months, to produce big results.

Source: Investopedia, other resources

Peter Lynch categories
Slow growers	Very large corporations
Stalwarts	Large corporations with strong pedigree
Fast growers	small, aggressive, new entrants growing at 20-25% per annum
Recession protection	Education, Medical, etc
Turnarounds
Cyclicals
Asset plays