Tuesday, April 23, 2019

Neogen Chemicals Ltd (IPO ) : Valuations of Equity Shares

Neogen Chemicals Ltd IPO will  hit the primary markets on 24 April to 26 April 2019.
Price band: Rs 212 to Rs 215 per share
The net proceeds from the fresh issue are proposed to be utilised towards the following objects:
*Rs 20.5 crore for prepayment or repayment of all or a portion of certain borrowings availed by the company;
*Rs 11.5 crore for early redemption of 9.8% Fully Redeemable Cumulative Preference Shares (FRCPS);
*Rs 20 crore for long-term working capital; and
The remaining amount will be utilized for general corporate purposes.
Valuations : Cos. has posted Net Profit of Rs.10Cr in FY18 (12M) & Rs.12Cr in FY19(9Months ).If we value the stocks at Upper price band of Rs.215, it is offered at X2.1 of its FY18 earnings and X1.8 of its FY19(9Months) earnings.Its peers, Aarti Industries is now Trading at X 3.4 of its last 4Q earnings.

The author tracks economic, behavioural and corporate tends, hoping to gauge good avenues of return based on Fundamental Valuations of Stocks, a follower of EPV method.You can reach the author at +91 880 2230 836 or e-Mail : mail@niftynext.com
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Sunday, April 21, 2019

Indian Overseas Bank : A True Turnaround Story

Indian Banking Industry has been facing a challenging days in the past due to rising NPA. Their Balance sheet was affected badly but to high provisioning of Big size  Loans of corporate shouse, mainly steel , telecom & Diamond sectors.
Now The sector is bound for upswing. Mutual fund houses has already increased their , even they have highest exposures to the Banking sector as on 31st March 2019( Business Standard : 21.04.2019 edition )
We always try to ride the booming sectors and its our endeavour to find the best for you. As We have been Bullish on 2 stocks in the Banking sectors namely PNB & IOB ( Please read with disclaimer clause. These 2 are in core portfolio part ).J&K Bank also.
As the results sessions are round the corner, we are expecting the Banking sector will post a good & strong Q4 2018-19 results. IOB will come out of the RED in Q4:2018-19. Its a strong Turnaround story.
Valuations : As we follow the Earning Power Valuations method to value an Equity, it is mmust that Cos. has posted + results in the past/ latest quarter.

The author tracks economic, behavioural and corporate tends, hoping to gauge good avenues of return based on Fundamental Valuations of Stocks, a follower of EPV method.You can reach the author at +91 880 2230 836 or e-Mail : mail@niftynext.com
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Friday, April 19, 2019

Reliance Home Finance Ltd : Latest Update

Reliance Home Finance Ltd  has (As per the ALM statement as on February 28, 2019) no negative cumulative mismatches till 1 year time bucket.
Cash and Bank balance stood at Rs.158 crore as on March 18, 2019 and cash credit facility stands fully utilized. Cos. has securitized about Rs.291 crore during the month of March 2019.
Fund Rising will be a  Big Rock Turning issue for the cos. in near future. High cost of fund will be dent on Balance Sheet, though it has a cushion for 1-year.
Valuatations : Reliance Home Finance Ltd is Trading at ~40% Discount to its last 4- Q Earnings.
The author tracks economic, behavioural and corporate tends, hoping to gauge good avenues of return based on Fundamental Valuations of Stocks, a follower of EPV method.You can reach the author at +91 880 2230 836 or e-Mail : mail@niftynext.com

Disclaimer

The recommendations made herein do not constitute an offer to sell or a solicitation to buy any of the securities mentioned. No representations can be made that the recommendations contained herein will be profitable or that they will not result in losses. Readers using the information contained herein are solely responsible for their actions. Information is obtained from sources deemed to be reliable but is not guaranteed as to accuracy and completeness. The above recommendations are based on the theory of Technical Analysis and do not reflect the fundamental validity of the Scrip. www.niftynext..com does 't take any Responsibility for any losses arising from using the Stocks Recommendations.
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