Frontier Springs - 522195

Name of Company	Frontier Springs
BSE Code	522195
NSE Code	Not listed
ICICI Code
Established
My Take	Like
Headquarters	Kanpur
Promoters	KL Bhatia and family
Story	The website claims the company is the world's leading manufacfturer of hot wound springs for transportation, industrial and goverment applications. ( what would government use the spring for? I guess it means PSUs like BEML, BHEL)
Sector	Auto anciliary
Sub-sector	Spring for auto and other engineering companies
Website	http://www.frontiersprings.co.in/
Positives	52% promoter holding, none pledged. regularly profitable - NPMs between 3-12%. low interest payments of less than half crore.
Negatives	does not pay a regular dividend. NPMs are wavering. Not sure if Ashish Chugh is playing with the stock - he has recommended this as early as 2006 and he holds the stock now as well.
Peers
News
Price @ blogged	35.40 (09-Sep-11)
Cost of company	13.94 Cr for 5 Cr FY11 profit makes it 2.75 times. FY11 had more NPM than other years.
Group
Growth	FY11 revenue has grown to 43 Cr from

Bharat Seats - 523229

Name of Company	Bharat Seats
BSE Code	523229
NSE Code	Not listed
ICICI Code
Established	1986
My Take	Like
Headquarters	Delhi
Promoters	JV between Suzuki, Maruti and Relan group.
Story	this company makes seats for 2 and 4 wheelers. maruti and suzuki are its major clients.
Sector	Auto
Sub-sector	Auto anciliary
Website	http://www.bharatseats.com/
Positives	Regular dividend paying company - can expect 3% dividend at current prices. Good revenue growth over last 5 years. very low interest paid every year - less than 2 Cr. 74% promoter shareholding, none pledged. Near 52 week lows
Negatives	low 1-2% NPMs.
Peers
News
Price @ blogged	16.05 (09-Sep-11)
Cost of company	50.4 Cr market cap for a PE of 6.03 based on a 8 Cr FY11 profit. 8 Cr seems like an exceptional year. So, can assume to buy this company at 10 times PE.
Group
Growth	Revenue has grown from 175 Cr to 441 Cr from FY07 to FY11. NP has grown from 2.93 to 8.23 Cr in the same period.

Autolite India Ltd

Scrip ID : AUTOLITE

Scrip Code : 500029
Industry : Auto Parts & Equipment

Manufactures lights for automobiles

Reason to worry - very low NPM - mostly less than 1%

Aurobindo - JV with Russian company

Aurobindo Pharma today said it has formed an equal joint venture with Russian healthcare equipment company Ojsc Diod to manufacture and sell drugs in Russia, Belarus and Kazakhstan.

Aurospharma Company, the new JV will set up a plant to make Non Penicillin and Non Cephalosporin Rx generics and other drugs that are categorised as Over-the-Counter (OTC) products in Russia, the company said in a release.

In addition, the JV will source Penicillin, Cephalosporin and few other therapy products manufactured by Aurobindo Pharma to sell in Russia, Belarus and Kazakhstan.

Aurobindo Associate Vice President Vishnu Sriram said, "The JV format gives us an opportunity to localize our production in Russia. Using the Russian partner’s marketing vision, we will be able to enter the growing and challenging Russian market with greater confidence and expedite our presence in the market."

"Aurobindo will enrich the JV with its successful international experience in manufacturing medicinal substances and drugs – the so-called generics."

The plant to be built in Russia will focus on production of socially significant medicinal drugs.

The plant with the GMP standards will be constructed in the Podolsk District (Moscow region) and is expected that the construction will be completed and the plant will attain its rated capacity closer to the end of 2013.

"The establishment of the JV should allow us to become an important player at the Russian pharmaceutical market within the target period," Vladimir Tikhonov, Diod CEO, said.     

Aurobindo shares closed 3.31% higher at Rs 137.25 on the Bombay Stock Exchange today.

BHEL bags Rs 1395cr contract from NMDC

State-owned BHEL today said it has bagged a Rs 1,395 crore contract from the country's biggest miner NMDC for handling raw material at its steel plant at Nagarnar in Chhattisgarh.BHEL will set up the Raw Material Handling System (RMHS) package for NMDC's three million tonnes per annum steel plant at Nagarnar in Chhattisgarh, on turnkey basis, the power equipment maker said in a statement.The contract was signed in the presence of BHEL CMD BP Rao and NMDC CMD Rana Som.The project includes Engineering, Procurement and Construction of complete RMHS, from receipt of various raw material (coal, iron ore etc) from wagon tippling to crushing.The order envisages installation of conveyor length of nearly 30 kms.The government has recently approved disinvestment of 5% of its stake in BHEL, which could fetch about Rs 4,320 crore. The government holds 67.72% in BHEL.In 2010-11, the company recorded a turnover of Rs 43,337 crore and profit after tax of Rs 6,011 crore.

Engineering and Capital goods

Source: religare report, please click to maximize the below picture

Cummins, Siemens, Suzlon, Techno Electric (not sure 

• BTG (Boiler, Turbine, Generator)
• Thermax, BHEL, BGR Energy
• T&D equipment
• Siemens, ABB, Crompton
• T&D EPC
• KEC, JSL (Jyothi Structures), KPTL (Kalpataru Power Transmission)
• Diversified Infra
• L&T, Punj Llyod, Voltas
• Consumer durable
• Bajaj Electricals, Havells, Crompton, Voltas

Unjha Formulations - 531762

Name of Company	Unjha Formulations Ltd.
BSE Code	531762
NSE Code	UNJHAFOR
ICICI Code
Established
My Take	Dislike
Headquarters	Sidhpur, Gujarat
Promoters
Story
Sector	Pharmaceuticals
Sub-sector	Contract manufacturing, Ayurvedic products
Website	http://www.unjhaformulations.com/index.php
Positives
Negatives	Losses are common with this company.  Negative reserves, Debt bigger than market cap.
Peers
News
Price @ blogged	3.51 (05-Aug-11)
Cost of company	1.58 Cr market cap for a 0.12 Cr NP in FY ending Mar ' 11 makes it 13.17 times. This is for a company with 2.65 Cr debt and -4.6 Cr reserves
Group
Growth	This has shown nil growth

BHEL - 500103

Name of Company	Bharat Heavy Electricals Ltd.
BSE Code	500103
NSE Code	BHEL
ICICI Code
Established
My Take	Like
Headquarters	New Delhi
Promoters	Government of India
Story
Sector	Engineering heavy
Sub-sector
Website	http://www.bhel.com/
Positives	Regular dividend paying company – pays 2 dividends which would amount to around 1.5% yield at current prices. 67.7 % stake held by GoI (unpledged).  MCap to FY11 sales is at 2.1. low debt company – interest paid is meager compared to sales and net profit.
Negatives	Competition from Chinese players is increasing.
Peers
News
Price @ blogged	1716 (05-Aug-11)
Cost of company	84002 Cr market cap for a 6011.2 Cr NP in FY ending Mar ' 11 makes it approximately 14 times. This is for a company with 127.75 Cr debt and 15427.84 Cr reserves
Group
Growth	In the last 5 years, the company has more than doubled its revenues from  17K Cr to 42K Cr (in Fy11).

Tata Steel - LIC hikes stake

LIC acquires some additional shares to increase its holding from 13.97% to 14.06%.

Shipping companies in India

Companies that are linked with ships and sea are

• Ports (most are govt owned)
• Companies which own/operate ships
• Companies that build/repair ships
• Logistic companies that handle/transport shipments
• Offshore drilling
• Dredging and port building

According to Wikipedia and analyzing bse website, these are shipping companies in India:

• GE Shipping
• Varun Shipping
• Mercator Lines
• Shreyas Shipping
• Shipping Corporation of India
• Chowgule steam ships
• BVM Shipping
• New Patiala Transport Co.
• Anchor Marine Services from Navi Mumbai
• Ankit Maheshwari & Co., Pune
• Interocean Group
• Pratibha Shipping Co. Ltd.
• Perfect Xpress Logistics. Cochin.

Offshore companies

• Seamec
• Great Offshore

Shipyard comapnies

• ABG shipyard
• Bharti shipyard
• Pipavav shipyard

Ports

• Mundra ports
• Essar ports
• Ports authority of India

The above is not a consolidated list. In case I missed something, please comment.

Also these companies are not subject to great competition. Anyone cannot start a port. Most of these companies are heavily debted as capital required is high. Risks are also huge ranging from pirates to natural disasters. Environmental problems could also cost the companies money (example oil spills). 

Promoters holding more than 90%

Companies that are listed, but have less than 10% public shareholding are listed here. Some of these companies (esp the ones with foriegn promoters) are delisting candidates. Some are just companies which promoters want to keep a lot of control over the board.

Company	Promoter Holding	Public Holding
Bhilai Engineer	99.83	0.17
Nidhi Hld Pb	99.75	0.25
Ircon Internati	99.73	0.27
Hind Copper	99.59	0.41
MMTC Ltd	99.33	0.67
Haryana Financi	99.3	0.7
Maharashtra Ele	99.12	0.88
Fert and Chem	98.96	1.04
Gandhidham Spg.	98.82	1.18
REIL Electrical	98.19	1.81
Bentley Commerc	97.75	2.25
Kanumanek Tradi	97.71	2.29
Kovalam Investm	97.7	2.3
Nat Fert	97.64	2.36
Speedage Commer	97.23	2.77
Titan Trading a	96.89	3.11
Sheraton Pro	96.87	3.13
IO System	96.45	3.55
Kampani Consult	95.73	4.27
Hira Auto	95.72	4.28
Vippy Industrie	95.7	4.3
Fomento Resorts	95.43	4.57
Scooters India	95.38	4.62
UMS Radio	94.91	5.09
Vishnu Sugar	94.38	5.62
Swastik Surfact	94.35	5.65
Classic Elec	94.3	5.7
Exedy India	93.94	6.06
Pranavadity Spg	93.81	6.19
Neyveli Lignite	93.56	6.44
Siel Finan	93.56	6.44
Andrew Yule	93.14	6.86
Shantivij Jewel	93.1	6.9
ITI	92.98	7.02
Rashtriya Chem	92.5	7.5
Bakelite Hylam	92.32	7.68
India Tourism D	92.11	7.89
Southern Fuels	91.02	8.98
STC India	91.02	8.98
Nirma	90.82	9.18
Shikhar Leasing	90.67	9.33
Orient Press	90.08	9.92
AstraZeneca	90	10
Coal India	90	10
Fresenius Kabi	90	10
NMDC	90	10