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Showing posts with label Greenply. Show all posts
Showing posts with label Greenply. Show all posts
Wednesday, February 02, 2011
Wednesday, August 25, 2010
Saturday, June 26, 2010
Wednesday, February 10, 2010
Sunday, August 02, 2009
Greenply Industries
Investors with medium-term perspective can consider buying the shares of Greenply Industries. A prolonged divergence in the weekly relative strength index (RSI) triggered the stock’s trend reversal in the first quarter of this year. It bottomed in March around Rs 40 and has been on an intermediate-term uptrend since then. On July 31, the stock conclusively broke through an important resistance at Rs 120.
Both daily and weekly momentum indicators are implying strength. We believe that in the medium-term, the stock can trend up to Rs 180. Investors can buy it with stop-loss at Rs 107. Short-term traders can buy the stock with a target of Rs 143 and stop at Rs 122.
via BL
Tuesday, July 29, 2008
Wednesday, June 25, 2008
Monday, June 16, 2008
Greenply Industries
Greenply Industries is Indias largest interior infrastructure company, which is engaged in manufacturing of plywood, particleboard, laminates and decorative veneer. The company arranged an analyst meet on 13 June 2007 to discuss the financial performance for the year ended March 2007 and the future prospects of the company.
Financial Highlights:
- For quarter ended March 2007 the topline of the company increased by 67% to Rs 121.45 crore compared to corresponding previous period. The OPM improved by 290 bps to 10.9% due to strengthening of Rupee against Dollar. The companys bottomline increased by 78% to Rs 6.71 crore in the quarter ended March 2007.
- For year ended March 2007 the topline of the company increased by 54% to Rs 429.23 crore compared to previous year. The OPM improved marginally by 20 bps to 10.8%. The companys bottomline increased by 60% to Rs 22.52 crore in the year ended March 2007 compared to previous year.
Other Highlights:
- The company expects a cumulative annual growth rate of 35% in its topline for next two to three years with effective tax rate in the range of 18-20%.
- The total debt of the company as on 31 st March 2007 stood at Rs 146 crore.
- The company implemented SAP in FY 2007 at a cost of Rs 3 crore.
- The companys realizations for laminates increased by 11% to Rs 406 per sheet for year ended March 2007 compared to corresponding previous year and for plywood it increased by 20% to Rs 160 per sheet.
- The company increased its dealer/ distributor/Sub dealer/ Retailers network to 7100 during FY 2007 from 3700 in FY 06.
- The company has proposed registration of the Uttarakhand facility with the United Nations Framework Convention on Climate Change, raising a lucrative carbon credit trading opportunity.
- The company has a largest market share of 25% in plywood and 15% in laminates in the organized market.
- The companys expenditure on advertising and promotion increased by 43% to Rs 14.94 crore in FY07 compared to Rs 10.45 crore in FY06.
- The capacity utilization for plywood division stood at 77% whereas for laminate division it stood at 115%. The company plans to enhance production from its plywood units and achieve capacity utilization in excess of 90%.
- The working capital during FY 07 came down to 43 days from 72 days in FY 06.
- Exports formed 8.32% of the total revenue in FY 07. The company is setting up a Singapore office to cater to the growing ASEAN interior infrastructure market.
Friday, January 25, 2008
Saturday, December 08, 2007
Monday, October 29, 2007
Tuesday, September 11, 2007
Monday, July 30, 2007
Tuesday, July 10, 2007
Wednesday, June 20, 2007
Sharekhan Investor's Eye dated June 19, 2007
Cadila Healthcare
Cluster: Emerging Star
Recommendation: Buy
Price target: Rs425
Current market price: Rs369
Plans to raise $100 million for financing acquisitions
Key points
- The board of directors of Cadila Healthcare has decided to issue foreign currency convertible bonds (FCCBs)/American depository receipts (ADRs)/global depository receipts (GDRs) or such other foreign currency instrument of up to USD100 million.
- The funds are being raised to finance the company's forthcoming inorganic activities. Cadilla Healthcare is looking to make an acquisition in Brazil to make a foray into the high-margin branded formulation market and to participate in Brazil's growth story. Further, it is also looking to exploit the opportunities in the generic markets of Spain and Italy through the acquisition of some small to mid-sized companies.
- Cadila Healthcare has a vision of becoming a $1-billion company by December 2010 (ie FY2011). Of the billion, $800 million will come through organic growth whereas the balance $200 million will come from inorganic initiatives. Hence, in line with its strategy to hit the $1-billion revenue mark, the company is moving ahead with its acquisition plan.
- At the current market price of Rs369, Cadila Healthcare is trading at 13.8x its estimated FY2009E earnings. We maintain our Buy recommendation on the stock with a price target of Rs425.
VIEWPOINT
Greenply Industries
PAT up 60% in FY2007
Greenply Industries is an integrated interior infrastructure company with leadership in the branded plywood and laminate industry in India. The company has a market share of 25% in the plywood segment and a 15% share in the laminate segment. It is a one-stop manufacturer of all products related to interior infrastructure, from plywood and boards, decorative veneers to laminates and particleboard.
The company has a pan-India network with 24 marketing offices and 7,100 authorised dealers/distributors. It is developing the Greenlam brand internationally and has recently formed an exclusive marketing and distribution alliance with Dekodur, a high-end German metal laminate brand, to cater to premium consumers. Its clients include Godrej, Blowplast and Featherlite.
ABG Shipyard
Sitting on strong order book
We attended the conference call of ABG Shipyard to discuss the company's Q4FY2007 and FY2007 results. We present the key takeaways from the call.
Friday, June 15, 2007
Thursday, May 10, 2007
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