Crown bhai
saivenkat bhai ka query seem sharing you may would like to respond
If EPS is 864, and Book value is 894 means, what impediments are there for the stock to remain in 483+ levels.
Kindly take not this a criticism, but actually i want to understand why the price of the scrip is lagging.
*Why the operators have untouched this stock?
* Is it not guaranteed that a shareholder of this stock will get 864 or 893 when company declares dividend. Then why is the mad rush in volumes absent here? Has it been un-noticed?
* The Company knows very well that the Eps and BV are higher than Mkt price? What could be its impact on them in the functioning of the company?
* If the company is to declare dividend at this point of time, which means they should pass on the ( rounded to 400)400 odd rupees to shareholders.
* Why is it the company not declared dividend? Will it be due to the reason, for lack of reserves (486 cr) or they shelving the funds for future expansion of the company? If so have anyone come across any such news or rumors?
Another sub question arising me, when looking at the profit and loss statement of this company (HINDCOMPOS) the sales turn over in 2009 is around 87 crores, and during 2010 its 100 crores. So an increase of 13 crores which is quite a normal growth.
But when looking at the head " OTHER INCOME" during 2009 it was around 4 crores and in 2010 it is 573 crores.
A Casual glance at the Profit and Loss statement, according to me, this income was not generated through any of the sales endeavor or operating profit of the firm. May be it could have been due to sale of any asset.. even that is confusing in Balance sheet. Then how could be this income generated?
As i am not a student of commerce, and more so i hate being so so i leave this analysis to experts like Raunak, columbus, Savant bhai, PT bhai. etal. Let me confine myself with this silly,but wary doubts.
Hope u pals will be too generous to excuse me if my interpretation is wrong, which is the case at most of the times.
Saivenkat
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