Tuesday, 2nd January 2007:
The industry structure relevant to the Company's operations is mainly concerned with the Capital Market and to a lesser extent with the Mutual Fund Industry. The Company handles its investments in capital market mostly through reputed Portfolio Managers and to some extent on its own.
In order to increase the liquidity of Company's Equity shares in the capital market the Nominal Value of Equity shares of Rs.10/- each was sub - divided into Shares of Rs.2/- each with effect from 01.09.2005.
History:
Started in 1981. The promoters hold 86.96 percent.
Financias:
Market Price Rs 214
Face Value: Rs 2
Equity Capital: 0.96 Cr
The EPS is Rs 31.29 for Mar 06 and the book value is 129.79. The average net profit margin and the operating margin has been above 60% and 68 % respectively for 5 years.
The company has zero debt and the ROE for Mar 06 is 27 percent (last yeras was 20 percent).
1 comment:
Liquidating this stock for buying into better business with higher retained earnings yield. Though this company might generate similiar yeilds in the future, i would like to move into companies possessing sustainable advantage and market leadership qualities.
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