The days of Multibaggers are behind us now. Analysts are looking for stocks that can potentially double on FY-2011 earnings estimate i.e within a time frame of 24-36 months. ENAM has researched some based on, imputed EPS FY 2011 calculated to achieve a stock price doubling. They have covered only stocks with Market Cap greater than $2bn who have reasonable chance 🙂 (more…)
Year: 2008
PVR Cinemas – Super Hit FY 2008
PVR’s results is simply a box office hit for the full year FY 2007-08. Sales grew of 49.7% to Rs 265 crore and Net Profit recorded a growth of 112.2% to Rs 21.6 crore resulting in an EPS of Rs 12.7.
However, for 4QFY2008, PVR reported a modest Topline growth of 32.9% yoy to Rs54.3cr (Rs40.9cr) on a standalone basis, driven by a 25% increase in Net Ticket revenues, 79% jump in Net Advertisement revenues and 31% higher F&B revenues.
PVR delivered a disappointing performance, registering a 350bp decline in standalone Operating Margins to 13% largely owing to a sharp 556bp increase in Rental costs (on account of service tax levies on lease rentals) and higher overheads to lower revenue base. The company has already made provisions for higher rentals.
PVR Operated 22 properties with 84 screens and 21,853 seats at the end of FY2008.
Emco Ltd – Steady Current
Emco posted a net sales growth of 36% YoY to Rs 3.4bn for Q4FY08 and 44% to Rs 9.4bn for the full fiscal. Project division revenues have picked up pace during H2FY08, contributing 30% of net sales for the fiscal. Management expects an even higher revenue share from this division in FY09, at 45%. EBITDA margins were up by 155bps during Q4FY08 to 14.2% and by 50bps for FY08 to 13.7%. Net profit saw a growth of 98% YoY for the quarter and 59% for the year.
Emco’s order book stands at Rs 11bn, which is 1.2x FY08 sales. The healthy order backlog and bright outlook for the project division indicate good revenue flows over the next two years.
Emco is trading at 10x one-year forward P/E, which is a 61% discount to peer company, ABB.
2 Years of market media service – Nifty Watch Freebie
This site in its new form came to life 2 years ago on June 7th. Since tomorrow is a holiday for markets we thought of announcing it today.
As a birthday bash, we would like to give away an Excel Spreadsheet to track Live NSE Indices S&P CNX NIFTY, S&P CNX DEFTY, S&P CNX 500 , NIFTY MIDCAP 50, CNX NIFTY JUNIOR CNX MIDCAP, CNX IT, CNX 100, BANK NIFTY.
You can also get live stock quotes of companies in Nifty, IT, Banking, Midcap 50 and Junior Nifty.This is useful to employees of companies where they block NSE / Kotak websites.
Usage:
Enable Macros and Enable Auto Refresh and you are all set to keep track of the market.
For Readers who are Stock Researchers based on Technical Analysis, we are willing to provide access to NSE Cash Market Data from 1995 and NSE Derivates Market Data from 2001.
Transport Corporation of India
TCI’s Net sales rose by 12.7% YoY to Rs3.3bn. However, sales are not comparable YoY due to the hive off of fuel pump stations. Excluding the revenues generated from the fuel pumps, sales rose by 17.8%
YoY.
EBITDA grew by 9.9% YoY to Rs 229 mn. EBITDA margins were stable YoY but improved substantially by 188bps QoQ to 7.0% due to improved performance from the TCI Seaways division. depreciation. Interest cost grew by 38.5% YoY to Rs 43 mn due to higher borrowings. Depreciation fell by 104.5% YoY to (Rs 2.5 mn) due to a change in the depreciation policy.
TCI’s supply chain division has added new customers like ITC foods division, Ceat Tyres, P&G, Spinach, etc. TCI also added ~8.0 lac sq ft of warehouse space during FY08. XPS, the Courier division of TCI recorded a 20% growth.
IT spend strong amidst declining profits in US
Despite the ongoing sluggishness in American corporate profits (BFSI segment), overall US IT spending remained robust in 1Q08. Most Indian IT services companies have acknowledged delays/slowdown in ramps especially for Financial Services customers in 1H08, but expect a recovery in 2H08.
Indian IT players continued their market share gains in the global arena with 35% YoY revenue growth in Q1-2008. Offshoring is likely to be the mega-trend for IT Services and expect Indian IT players to continue to gain market share.
Technology spending as a percentage of profits peaked in Q1-2000 and has constantly declined since then and is currently holding at 25-30% levels.