Monday, May 16, 2011

Q4 FY11 Results update - Asahi Songwon,Savita Oil,Riddhi Siddhi,Hira Ferro

Q4 FY11 Results update  Asahi Songwon,Savita Oil,Riddhi Siddhi,Hira Ferro Alloys
Markets still in sideways and downwards drifting. In this month of May`11, FII have sold over 3800 crores already. But lots of good opportunities for stock picking multi -baggers from 1 -2 years holding view.
Asahi Songwon Colors
FY11 PAT up 100% to 20 crs.
cmp 78 . Market cap 95 crs . FY11 PE of 4.8x
PAT at lifetime high. but stock down 8% from lifetime high of 85.
good buy. maintain 50% upside i.e target of 130-150 over a year.
Chart here
would rate this among my top 10 conviction buys.
risk - need to watch for PAT and margins growth for FY12 to ensure FY11 was not a peak year.

Riddhi Siddhi
cmp 358 ( +5%).
market cap 400 crs.
FY11 Sales 1000 crs vs 740. PAT up 4x 164 crs vs 40 crs. dividend up 2.5x to 12.5 per share. ( at cmp,yield of 3.5%)
trading at FY11 PE of 2.5x
PAT at lifetime high!
still 2 issues remains. (1) Restructuring to go ahead as planned.and (2) debt has gone up to 237 crs vs 200 crs ( most likely due to wind power diversification)
with these issues , it only deserves a "Trading buy" with 5-10% trailing stops .

Savita Oil tech
FY11 PAT up 27 to 109 crs.
PAT at lifetime high!
Results here  and news here
cmp 541.
market cap 740 crs.
should make new highs over the next year. 25-40% upside in a year.
risk - need to watch margins impact due to crude oil spike.

Hira Ferro Alloys
Becomes subsidiary of GPIL - Godavari Power and Ispat.
21 May 2011 - meeting for results and bonus declaration.
cmp 331 up +10%
FY11 est. PE of 4.8x
good buy with 50% upside in a year

1 comment:

Murali said...

Did Hira Ferro split recently?