VALUE PICK - MAITHAN ALLOYS LTD.

MAITHAN ALLOYS LTD.

About Company:

Maithan Alloys Ltd is among India’s leading manufacturers and exporters of niche value-added manganese alloys. The company has emerged as a reputed provider of customised manganese alloys to large and growing steel companies the world over.

Maithan Alloys operates in the niche value-added manganese alloy segment.

The consolidated Group production capacity is over 100 MVA with an additional 72 MVA likely to be commissioned over the foreseeable future (36 MVA has already commissioned and rest 36 MVA will be completed by June 2012)

Trading at Rs. 117, it is having a PE Ratio of 3.14 and 0.75 its BV.

With the current performance it can give you good returns in long run.

Disclaimer: I am invested in this stock.

Regards,

Value Stock picker

Can 'Creative Eye Ltd' become a multibagger?

Creative Eye Ltd. 

Creative Eye Ltd.is involved in production of TV serials and Commercials. It has been reporting losses for three years before reporting profit in year ended March 2012. 

The fundamentals favoring the purchase of this stocks are:

Price/Book Value is currently about 0.33.

PE of trailing 4 quarters is 2.34, which is very good.

Long-term debt/equity is 0.15, which is low

Current and quick ratio standing at 6.00 and 4.07, which shows that debt is not a concern.

At current price its Market Cap is nearly equal to its cash-in-hand. Therefore, its business portion is nearly free.Promoter's holding is constant and stands at above 50%.

Looking at the above fundamentals, keep an eye on 'Creative Eye Ltd.' for possible future gains. If it continues with the current performance, it can double in future.

Price Today: 5.60

Regards,

Value Stock Picker

Welspun - All Set to Go Up

Welspun Syntex Limited was established in 1983 and is the flagship company under the Welspun umbrella. Since its inception WSL. has grown manifold and today is amongst the largest manufacturers and exporters of Polyester Texturised Filament Yarn, Nylon Filament Yarn from India.

It has a very comprehensive portfolio of yarns. 

As of now, it is trading at a PE of  2.1 of the trailing 4 quarters and a book value of 0.43 of the book value. It went up as high as 16 Rs in the current month. Currently it is trading at around 13 Rs.

Long-term debt is a bit concern but if it continues with the current performance it can get it cleared from the Balance Sheet. But current, quick ratio and Interest coverage are very good and should not have any problem in near future. 

It has shown excellent improvement in top line and bottom line for Q2 and if it is able to continue the performance on the current line, it has a potential to double from current price. 

You can put it on your radar for investment for long term.

Current price :  13.05 Rs. 

Disclaimer: I am personally invested in this scrip.

Regards,

Value stock Picker

Fundamentally attractive - Elnet Technologies Ltd.

People who are looking for fundamentally sound stock, can keep on their radar 'Elnet Technologies Ltd'.

This one is currently trading on 1/2 the book value with a PE of 3.29 of trailing 4 quarters.

Long term debt position is good , though the current ratio is below 1.

But given the slow and steady progress, this company can turn profitable to the investors.

Current price: 40.60. Should be able to generate 50% + returns in a span of one year.

Regards,

Value Stock Picker