Financial Results & Limited Review for June 30, 2013
Link: Click Here
First of all, apologies for posting the details of result, after 10 days of declaration. Was very busy in last few days.
The slow and steady pace of growth continues with Gulshan Polyols. Another good set of numbers posted by the company and with some strong promoter buying even in illiquid category, the future looks very bright.
Revenues stands at 82.69 Cr against 67.49 Cr YoY and 79.91 Cr QoQ (Approx 20% growth yoy)
Net Profit stands at 6.72 Cr against 5.65 Cr YoY and 7.2 cr QoQ (Approx 19% growth yoy)
My Views:
The stock definitely seems to be undervalued at current market price. And now that is also reflected in some actions taken by the promoters. They have been involved in buying even in illiquid category. The volumes in last few days, has improved tremendously, and more often than not, they were the promoters who were involved in buying through some of their sources.
One of the finest bets for long term, with good dividend yield and a steady growth of 20% year after year.
http://www.bseindia.com/xml-data/corpfiling/AttachLive/Gulshan_Polyols_Ltd_130813_SAST.pdf
ReplyDeleteBasically this is transfer of shares held by proxies(arising out of division of business some years back when Gulshan Chemfill was created). This is just transfer of holding either of Viveksheel Dealers or Khurana(holding together 3.63% shares). Otherwise sizeable lots will not be able in the market. No buying should be resorted to during this period of inter se transfer.
ReplyDeleteSeriously not getting the reason behind such valuation of Gulshan Polyols.
ReplyDeleteThe company is sitting on a cash reserve of 143 Cr and a book value of 174 Rs.
Dont know when the stock will start moving up.
P/E ratio of Gulshan Polyols is just 2, where as the industry P/E is around 25.