INDIAN HUME PIPE / GUJARAT FOILS - REPEAT

INDIAN HUME PIPE

I am repeating my recommendation made earlier  to buy at level of 330 to 350  for the target of 4 digit price with a time duration of one year.

older post
http://valuable4all.blogspot.in/2014/09/indian-hume-pipe-company-ltd.html




GUJARAT FOILS LTD

accumulate on every dip for the target price of 200 with a time duration of one year.

older post
http://valuable4all.blogspot.in/2014/08/gujarat-foils-ltd.html

PHOENIX LAMPS

• Company is engaged in manufacturing  of Auto Vehicle Lighting devices.

• Its products are exported to more than 75 countries as well as leading in supplying to domestic auto makers.

• It’s leading supplier in Halogen Lamps for 2 & 3 wheeler's, Passenger Cars, Commercial Vehicles.

• Recently it has reduced its debt to 30 % from 125 CR to 45 CR by selling out its subsidiary lighting business.

• With reduction in price for fuel auto vehicles demand is going to increase with emerging India.

Q2Q

(in Cr.)	Jun-14	Mar-14	Dec-13	Sep-13	Jun-13
Income Statement
Revenue	56.11	66.73	74.99	105.26	124.48
Other Income	0.33	-0.37	0.79	0.63	0.23
Total Income	56.44	66.36	75.78	105.89	124.71
Expenditure	-46.22	-49.76	-58.86	-43.91	-98.77
Interest	-0.71	-0.88	-1.75	-3.83	-4.84
PBDT	9.5	15.73	15.17	58.16	21.1
Depreciation	-1.43	-3.4	-1.22	-2.09	-2.59
PBT	8.08	12.32	13.95	56.06	18.51
Tax	-1.55	0.57	1.57	-12.82	--
Net Profit	6.52	12.89	15.52	43.25	18.51
Equity	28.02	28.02	28.02	28.02	28.02
EPS	2.33	4.6	5.54	15.44	6.61
CEPS	2.84	5.81	5.97	16.18	7.53
OPM %	18.2	24.88	22.57	58.89	20.84
NPM %	11.62	19.32	20.69	41.09	14.87

1yr Chart

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BANCO PRODUCTS LTD

·         Banco India is manufacturer for radiators and gaskets, engine cooling systems, engine sealing systems, cork rubber materials.

·         All this products are used in auto industry and other heavy weight industrial applications.

·         It supplies to its various clients in India as well exports globally.

·         With increasing demand for auto vehicles for two and as well four wheelers, this will be adding more revenue than the normal demand observed   in previous years.

·          Some of the product is also used in industrials use example:  the cooling system used in wind mills / compressors.

·         So it not only just manufactures this product but also keeping on adding enhancement and innovation through its R&D and testing Team.

·         Visit Company website to find list of applications. http://www.bancoindia.com/

·         You can add this as part of auto industry growth stock in your portfolio.

         

         Q2Q

(in Cr.)	Jun-14	Mar-14	Dec-13	Sep-13	Jun-13
Income Statement
Revenue	113.49	119.39	101	99.86	126.98
Other Income	1.67	9.56	3.74	3.6	16.77
Total Income	115.16	128.95	104.74	103.46	143.75
Expenditure	-91.52	-88.83	-85.18	-85.07	-108.19
Interest	-1.95	-6.76	-2.25	-2.64	-2.58
PBDT	21.69	33.36	17.31	15.75	32.98
Depreciation	-3.55	-3.92	-4.3	-4.11	-4.18
PBT	18.14	29.44	13.01	11.64	28.8
Tax	-3.47	-6.64	-1.36	-2.08	-6.41
Net Profit	14.67	22.8	11.65	9.56	22.39
Equity	14.3	14.3	14.3	14.3	14.3
EPS	2.05	3.19	1.63	1.34	3.13
CEPS	2.55	3.74	2.23	1.91	--
OPM %	20.83	33.6	19.37	18.42	28
NPM %	12.93	19.1	11.53	9.57	17.63