Financial Results & Limited Review for Dec 31, 2013
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Board declares Interim Dividend:
Dewan Housing Finance Corporation Ltd has informed that the Board of Directors of the Company at its meeting held on January 20, 2014, inter alia, have declared an interim dividend for the financial year 2013-2014 of Rs. 3/- per share i.e. 30% on equity shares of Rs. 10/- each fully paid up.
See 20-22% growth rate going ahead: Kapil Wadhawan, Dewan Housing
Link: Click Here
So, we kick off the earning season for the quarter starting wih Dewan Housing.
Strong set of numbers declared by the company, especially, when we compare it with Gruh Finance, that declared its numbers last thursday.
Revenues stood at 1301 Cr from 840 Cr in same quarter last year, a growth of 55%.
Net Profit stood at 138.39 Cr from 91.24 Cr last year, a growth of 52%.
Housing Loan sanctioned amounted to 5938.55 Cr from 3922.13 Cr last year, a growth of 51%.
Disbursements went up to 4030.23 Cr as against 2983.32 Cr, showing a growth of 35%.
For Gruh Finance, the growth in above terms were 31%, 25%, 31% and 22% respectively.
The tier two and tier three markets still continue to be extremely strong for DHFL and continue to give out consistent margins. So the company is on track after the completion of nine months, in terms of overall earnings for the entire financial year.
My Views:
Based on the numbers, the stock continues to look cheaper even at current market price of 215 Rs. But, as you know, the biggest challenge is the sector, in which it is operating. Every RBI policy on interest rates, will have an impact on the stock price, no matter what the fundamentals of the company are. Hence, one has to be very careful while making an entry in such stocks. He/She has to be ready, to accept the risk, if there is any downfall because of certain government policy.
The stock was suggested in June 13, and the target given was 250 Rs.
http://fundamentalstockideas.in/few-more-multibaggers-for-long-term/
For now, I stick to that target, because we are not sure on what sort of policies are going to be implemented tomorrow.
Recommending a hold for those who already bought, and would advice new entrants to understand the risk well before making any investments now, as it has appreciated more than 100% since Sept 12. With a P/E ratio of 5.22, book value of 252 Rs per share, and market cap of 2749 Cr, I feel it is slightly under-valued.
Rest is ones own decision. :-)
Suven's Pashamylaram's unit receives US FDA Acceptance
ReplyDeleteLink: http://www.bseindia.com/xml-data/corpfiling/AttachLive/Suven_Life_Sciences_Ltd_220114.pdf
Buy Dewan Housing; target of Rs 265: Sunidhi Securities
ReplyDeleteLink: http://www.moneycontrol.com/mccode/news/article/article_pdf.php?autono=1029294&num=0
Few very good figures and comparisons given....
Gulshan Polyols Ltd. - Promoters are back and active in the market although their purchases are small quantity !!!! Meanwhile, market price has softened and ruling around Rs.75 after touching a high of Rs.84 !!!! At CMP it's PE is a paltry 2.5 on trailing 12 month's earnings :)
ReplyDeleteMay be the reason for small quantities is that, earlier, they just used to get shares transferred to their account from some known entity, as you mentioned earlier, and now, probably they are actually buying from retail investors like us....
ReplyDeleteQuantity close to 1000 and that too, spanned across 3 day... :-)
I think result may prove to be a long awaited trigger, that could reverse the softness of past few days.... No announcements as yet from the management on result date..
Found another 2 companies have good business, good numbers and cheap valuations. Not gone into deep details, but looks good overall....
1) Dynemic Products
2) Divyashakti Granites
Both being very small companies, with a market cap of 25 Cr, it will take some deep study, before jumping onto any conclusions.
But you can share your views.
If you go through their 30th September 2013 you will find Capital Work in Progress amounting to Rs.33.56 crores. They have taken up major exapansion at their Bharuch, Gujarat. If this gets completed and starts production shortly it should add to their topline which has been stagnant for the last three financial years. Coupled with this expansion if other green-field projects like Indus Spirits gets off the mark, it will change the face of the Company. Once market capitalisation crosses 100 crores it will catch up the attention of the market. But all this may take next three to four quarters. As regards shareholding pattern, remaining HNI shareholding of Mr.Khurana and Viveksheel Dealers(if any holding remains with them will at best be less than 1%) will get liquidated during this quarter also. After that promoters will have to dig the corpus of retail shareholders only.
ReplyDeleteI shall go through Dynemic Products and Divyashakti Granties and shall offer my comments, if any.
Ajanta Pharma found a place in Capital Preservation Portfolio of Forbes India.
ReplyDeleteThats the best thing one would want after an appreciation of 300% in a year before...
Link: http://forbesindia.com/article/investment-guide-2014/two-investment-portfolios-for-2014/36941/0#ixzz2rJvdsVnT
Dhanuka Agritech to focus on speciality product promotion
ReplyDeleteAgro-chemicals manufacturer Dhanuka Agritech Limited is planning to double its market share in the Northeast by introducing new products and reaching out to farmers in the region’s interiors through direct dealers.
The New Delhi-headquartered company, which manufactures a wide range of agro-chemicals such as herbicides, insecticides, fungicides and plant growth regulators, forayed into the region in 1999.
“Our current market share in the Northeast is 7.5 per cent and we expect it to grow by 15 per cent in the next three years. This we plan to achieve by introducing new molecules in different segments of the tea industry. We are also planning to increase our reach through direct distributors and dealers,” Partha Sengupta, general manager (business development), Dhanuka Agritech Limited, told The Telegraph.
The company plans to focus on specialty product promotion through its extension network to reach out to farmers. “We have an aggressive plan to reach out to farmers with our all new products and specialty products,” Sengupta said. Barring Nagaland and Arunachal Pradesh, the agro-chemicals maker has distributors in all the states of the region.
“So far, we have covered most of the tea-growing areas in all the districts of Assam and Tripura. Three years back, we started operating in Meghalaya and Mizoram. We are one of the major suppliers of agricultural technology in Manipur,” he said.
Dhanuka’s target customers are primarily farmers and its growth drivers are an intensive marketing network, increased farm income, growing awareness about the cost-benefit trade-off of agro-chemicals, highly diverse product range with solutions to problems in all crops, innovative marketing strategies and international technical tie-ups.
The company has a pan-India presence with a network of over 7, 500 distributors and dealers selling products to over 70, 000 retailers and reaching out to more than 10 million farmers. “We have 100 distributors in the Northeast, of which, 80 are in Assam,” Sengupta said.
Conventional pesticides dominated the agro-chemicals market in the Northeast back in the late nineties. “A number of companies were already present, but specialty products were not reaching the farming community. The operations of companies were limited to small areas and usage of fertilizers was much lower than now,” the official said.
Dhanuka is also working very closely with the tea industry in Assam. “We are one of the leading solution providers in the tea industry, having continuously brought new molecules and technologies to serve the sector and improve the quality and yield of premium tea. The eco-friendly products are marketed by us for quality-conscious and export-oriented houses in the tea industry,” he said. “We organise seminars on a regular basis to transfer technology to the managers of tea companies,” Sengupta said.
Assam, for its part, has of late laid special emphasis on boosting farm output with the help of new technologies. In this connection, the first Assam International Agri-Horticultural Show was organised in Guwahati recently, where Dhanuka Agrotech had showcased world class agro-solutions to farmers. “A team had counselled farmers on crop-related problems and their solutions at the show, which was a great initiative undertaken by the government of Assam,” he said.
Dhanuka is working closely with the Krishi Vigyan Kendras of the region. “We have plans to work with the state governments for transferring technology to the farming community in the years to come,” the official said.
On its investment plans in the region, the official said, “As of now, there are no plans to invest, but the company is open to expansion in future.”
Source: The Telegraph
Excitement begins as we enter into big earning week starting tomorrow...
ReplyDeleteWe have Ajanta on Monday and Granules on Tuesday, followed by Can Fin Homes on Saturday....
Its surprising to see that Suven, Cera and Dhanuka have not declared their dates yet...
Dhanuka and Suven should come out with results around 10th Feb, and Cera could be out with numbers anytime in this week or early next week. They have a history of declaring dates only 3-4 days prior to result date.
All the best!!!!
One more stellar set of numbers from Ajanta Pharma....
ReplyDeleteRevenues hits a magical figure of 300 Cr for the first time...
Revenue grew by 31% and net profit grew by 92%...
Will come up with post on it in evening....