Updates On Cravatex, Infinite Computer and Capri Global Capital

As I missed the post on these 3 companies after Q2 results, here is the brief about their numbers and expectations. There were no major attractive factors in any of the company, hence I avoided the post at that moment.

1) Cravatex Ltd:
Even in slight subdued markets, the company was able to show a growth in sales, which is good, but the downfall in net profit, because of Rs depriciation, is still, a major concern for the stock. In Q2, the company was able to show a sales growth of 18% YoY, and 45% QoQ, which was slightly above expectations. But the net profit figures are going from bad to worst.
Net Profit declined 64% YoY, and it was close to flat QoQ. Already there was higher cost of raw materials consumed, but Finance cost, which grew from 1 Cr to almost 2 Cr this quarter, made it worst for the company.
Those with big hearts, can continue to hold for longer term, hoping that some day, Rs might recover, and company might again be able to post an EPS of above 10 per quarter.

2) Infinite Computer Solutions Ltd:
This company, when suggested on this blog around 80 Rs, looked quite undervalued, which was major reason for the suggestion. The performance of the company doesn't look as good as expectations from IT companies in current scenario, where they are heavily benefitted from Rs depriciation.
Company was able to show a 37% growth YoY in revenues, which was lesser than expected, mainly because of under performance of their standalone business.
Net Profit was down 16% which was the biggest surprise, under current circumstances.
With current set of numbers, I feel the company is fairly valued at this price, wnless, we have some announcements, or strong numbers going ahead.
I booked some profits around 125, holding minor quantity now, if there is any surprise in store.

3) Capri Global Capital Ltd:
Lack of volumes in the counter is major concern, due to which we are not able to see movements in stock price. There was a time earlier, when we used to see, a unbelievable sort of growth in sales, and net profit, mainly because of the fact that company had a new beginning from scratch after the scam that happened in late 2010. That growth on quarterly basis, seems to have come to a halt now, as they might have got the confidence of clients back, and now they are sitting with healthy set of customers.
On net basis, the revenues in Q2 grew by 18% YoY, and 16% QoQ.
Net profit remained flat, both on QoQ and YoY, basis.
Valuations point of view, the company is still undervalued, but it is observed that most of the movements in stock prices comes after promoters gallop 5% shares from open market around April.
On current numbers, company seems to be fair valued around 200, but stock price is not something we can control. Hold for now, is my call, rest is upto the person to decide, as always. :-)