Stock research

[tazzking]

Elecon Engineering Company Ltd

Elecon Engineering Company Ltd

Story:Elecon Engineering Company is amongst the oldest and biggest MHE (material handling equipments) companies in India.Its user industries are power projects, fertilizer plants, etc. where slowdown is not there and hence, Elecon should continue to grow reasonably. As against Order Book of 1100 crs. in Dec. '07, its Order Book in Dec. '08 was Rs. 1800 crs.Company has made forex loss of 11 crs. in 9 months and still achieved 40.45 cr. profits.Reduction in metal prices may enlarge its profit margins in coming Quarters.Promoters are investor friendly and had declared bonus issue in the ratio of 2 shares for every 1 share.Promoters are also buying shares from open market regularly. Stock is available at 5 x FY09E EPS and 3.8x FY10E EPS.Elecon deserves much higher valuations.Don't be surprised if share price doubles in 2009.A good solid bet.

 

[tazzking]

PBA Infrastructure Ltd

PBA Infrastructure Ltd

StoryBA Infrastructure is a construction company engaged in building roads, dams, runways and bridges.The huge outlay in the Tenth Five-Year Plan for roads is likely to ensure steady order flows for the company.Its registration as a Class 1A contractor with Maharashtra and with the Municipal Corporation of Greater Mumbai is likely to ensure regular flow of contracts.PBA has also bagged orders from State and Central Highways Departments thus obtaining pre-qualification for similar projects. The company has an edge in the State in the smaller orders, given its success with such projects in the past.Experience in road projects coupled with an expanded equity base may see the company qualify for the current spate of highway and road projects.A comfortable order book and consistent financial track record are positives for this construction company that operates in the roads and bridges sector.PBA Infrastructure has a comfortable order book and thats increasing all the time.Net profit of P B A Infrastructure rose 28.36% to Rs 4.30 crore in the quarter ended June 2009 as against Rs 3.35 crore during the previous quarter ended June 2008.Sales rose 19.90% to Rs 101.28 crore in the quarter ended June 2009 as against Rs 84.47 crore during the previous quarter ended June 2008. The expected price earnings multiple is at a significant discount to other small players such as Valecha Engineering and MSK Projects.Investors can consider this stock at present levels to look for a target of 80rs in the shorter term.A great buy at dips too

 

[tazzking]

Panacea Biotec Ltd

Panacea Biotec Ltd

Story:What are the longer-term prospects of Panacea Biotec? The companys name is a bit misleading but that is no reflection on its business. Panacea Biotec has little to do with biotechnology but has an amazing ability to create new niche products. It manufactures and markets branded vaccines, pharma products and biotechnology-based products. Its manufacturing plant for vaccines at New Delhi is pre-qualified for supply to UN agencies. The company focuses mainly on vaccines and is in the process of developing a host of new ones employing genetic engineering and recombinant technology. It manufactures the Hepatitis B vaccine in collaboration with CIGB, Havana, Cuba. It has several other vaccines at different phases of development, like the Anthrax vaccine and the Japanese Encephalitis vaccine. It recently entered into a joint venture with Chiron Vaccines, a US-based company, to market vaccines in India. These are just some examples of the companys progress and growth over a period of time.With more than 150 scientists in three R&D centres in pharmaceuticals, biopharmaceuticals and vaccines, it hopes to churn out many new products.The company has created a separate division called Oncotrust for the anti-cancer venture consisting of a team of 50 oncology specialists to market its drugs.Apart from its ongoing organic growth, the company is also targeting inorganic growth through acquisitions. It is targeting a pharmaceutical or vaccine company with manufacturing infrastructure as well as distribution and marketing reach. It had invested Rs17 crore for a 10% stake in its partner Cambridge Biostability, UK, in December 2006 and also expects to announce similar licensing tie-ups. Panaceas sound performance is backed by its ambitious plans; this could see the stock move up smartly the moment the rupee stabilises.A great buy at dips.

 

[tazzking]

Kalyani Steels Ltd.

Kalyani Steels Ltd.

Story:Kalyani Steels, a part of the Kalyani Group, is a small speciality steel producer.There are three aspects of Kalyani Steelss business that deserve attention. Kalyani Steels is not into the commodity steel business. The plant makes carbon and alloy steels for the forging industry and the automobile sector. Most important, Kalyani has captive iron ore mine leases in Bellary with reserves that will be sufficient for at least 15 years. It is also in the process of acquiring its own iron-ore mines with reserves of around 2mn-3mn tonnes. This access to iron ore is the key to its global competitiveness, since the iron ore price now accounts for almost 20% of the price of finished steel and is slated to rise further. Kalyani Steels also has access to coke and power with a 40% stake in Gujarat NRE Cokes 0.325mn tpa coke plant at Dharward, and 8MW power plant.The core business should grow by about 15% for the next two years.About four years ago, Kalyani Steels got into an agreement with SJK Steel, a loss-making integrated alloy steel plant making speciality steel in Andhra Pradesh with a capacity of 275,000 tonnes per annum. The capacity of this plant would be increased to 1.6mn tonnes of finished steel in the next few years. The Gerdau Group is a Brazilian steel company that is currently the 14th largest international steel producer.This project can be a big booster.All said and done it looks a safe buy at slight lower levels.

 

[nagendra_gb]

tazzking.. kkep up ur good work .. traderji is full of resources but very less on fundametal stuff .. please post more of them. Try to post companies with low valuations and which are potential multibaggers

 

[tazzking]

yes definately.....more stocks coming soon

 

[Hercules]

tazzking , please keep up the good work...........
:clapping::clapping::clapping::clapping:

 

[je_shan]

hello tazzking.. keep up the good work.... also try to add the Source for each research.. :thumb::thumb:

 

[tazzking]

hello tazzking.. keep up the good work.... also try to add the Source for each research.. :thumb::thumb:

Already mentioned my source..those are maverick,economic times,outlook money and more money mag and also some websites.I live just beside of state national library,kolkata..so..it's easy for me..

 

[tazzking]

Automotive Axles Ltd

Automotive Axles Ltd


Story:Though the auto-component industry has hit the slow lane, one
company that is still showing a remarkable growth potential is
Automotive Axles Limited (AAL).A joint venture between Meritor Inc.,
USA (formerly the automotive division of Rockwell International
Corporation), and the Kalyan
i Group, AAL is currently the largest
manufacturer of rear drive axle assemblies in the country. From its
manufacturing facilities located at Mysore, it serves an impressive
domestic clientele that includes Ashok Leyland, Tata Motors, Mahindra &
Mahindra, Volvo and Bharat Earth Movers, among others. On the
international front, the company exports axle parts to the US and
Italy. It is the largest overseas supplier of front axles to the US
market. It has state-of-the-art infrastructure spanning highly
specialised manufacturing processes involving friction welding, flash
butt welding, CO2 welding, CNC machining, flexible machining and a
range of specially built machines for production of axles and brakes.
AAL is also equipped with the Gleason gear-manufacturing equipment
backed by a modern heat treatment shop. The company manufactures a wide
range of rear drive axles catering to commercial vehicles ranging from
six tonnes to 35 tonnes and also supplies quick change air brakes for
commercial vehicles in addition to trailer axles in the range of 10
tonnes to 13 tonnes.Its average operating margin is around 18% - far
higher than most auto components companies mainly because it is in a
specialised segment and is able to pass on increase in raw material
costs to its customers. Moreover, its axle sales to military vehicles,
which had come down substantially due to postponement of orders, are
now picking up. With fresh export orders coming from Ar
vin Meritor, AAL
is poised for big growth. After four years of stagnation the stock
price may shoot up a hell lot on the near future.Watch out for this
ancillary bet.A good safe stock to own.