S.

No

Stock

CMP

Target Buying Price

Target Selling Price

1 ABC Bearing 2 Riddhi Siddhi Gluco 3 HOV Services 4 Shilpa Medicare 5 Lakshmi Energy and Foods 6 Mayur Uniquoters 7 Vinati Organics 8 Balkrishna Industries 9 Ashiana Housing 10 Balaji Amines 11 Manjushree Technopack 12 Opto Circuits 13 Patels Airtemp 14 Sunflag Iron and Steel 15 Gujarat Reclaim rubber 16 VST Tillers 17 Facor Alloys

129 390 103 278 68 275 72 692 156 Buy on dips 38 80 60-65 272 ? 86 ? 27 1028 471

129 Comfortable two-bagger 390 740 103 200 278 Multi-bagger 68 Double 275 400 70 100 692 Atleast double 220 38 Not sure 120 ? ? 27 Rerating 471

Reasoning

Blogs

For FY 2011, the company is expected to post a turnover of 205 Cr+. i.e.. a growth of more than 25% For FY 2011, the co may be able to post a NP of more than 25 Cr+, hence an EPS of more than 22. Stock is trading at about 7 times expected FY 2011 earning. The co has consistent record of high dividend payout of 25-30%. Last year the company paid a dividend of 45%. Co has enjoyed high ROCE of 30%+ consistently. Its almost a debt free company. Co repaid a loan of about 50 Cr in FY 2010. If one looks at the valuations of bigger players in the industry like SKF, NRB, FAG Bearing etc, they trade at 15-20 PE. Refer ValuePickr discussion on Riddhi Siddhi Refer ValuePickr discussion on HOV HIGH DEBT LEVELS Oncology, Growth - Read Dalaal-street http://www.valuepickr.com/company/shilpa-medicare/stock-story RISKY, Compare with KRBL http://www.valuepickr.com/forum/not-so-hidden-gems/778928774 http://www.valuepickr.com/forum/not-so-hidden-gems/62331048

Excellent prospects http://www.valuepickr.com/forum/not-so-hidden-gems/3811531 Excellent company, risk of rise in interest rates http://www.valuepickr.com/forum/not-so-hidden-gems/62331051 Excellent company, good growth prospects (fair value: 220, after 1:5 split) http://www.valuepickr.com/forum/not-so-hidden-gems/778928775 Excellent company, PET bottles, currently pricey http://www.valuepickr.com/forum/not-so-hidden-gems/3811533/conve Excellent fundamentals Excellent fundamentals, slow and steady growth http://www.valuepickr.com/forum/not-so-hidden-gems/936594761 Excellent fundamentals, great growth prospects http://www.valuepickr.com/forum/not-so-hidden-gems/47063855 Market leader, with 50% market share Market leader, with 50% market share http://www.valuepickr.com/forum/stocks-for-the-long-run/896909798

a-medicare/stock-story idden-gems/778928774 idden-gems/62331048 idden-gems/3811531 idden-gems/62331051 idden-gems/778928775 idden-gems/3811533/conversation_view?b_start:int=30&-C= idden-gems/936594761 idden-gems/47063855 or-the-long-run/896909798 .

S.No Stock 1 Liberty Phosphate 2 Phillips Carbon Black CMP 3 Supreme Industries 4 Poly Medicure 5 Span Diagnosis 6 Andhra Petro 7 Goodricke Group 8 Jkumar Infraprojects 9 Smartlink Networks 10 Swaraj Engines 11 Repro India 12 Modison Metals 13 Pennar 14 Suprajit Engineering 15 Aditya Birla Chemicals 16 Astral Poly 17 International Travel House 18 Navbharat Ferro Alloys 19 Lloyd Electric Engg 20 Photoquip 21 Relaxo 22 Cravatex 23 Dhanuka Agritech 24 Wimplast 25 TIL 26 Everonn 27 KDDL 28 Simran Farms 29 Container Corp 30 Mangalore Chemicals 152 ? 141 47 317 493 ? 597 53 1262 36 31 Uflex 181 32 Akzo Noble ? 33 Asian Paints 2687 34 Berger Paints 97 35 Kansai Nerolac 907 36 Shalimar Paints 315 37 Nitin Spinners 38 CNI Research 39 Mangalore Refinery and Petrochemicals 68 .

40 Mazda Ltd 41 eClerx 42 Engineers India 43 CESC 44 Castrol India 45 Diamines and Chemicals 46 Allied Digital 110 Thermax Bluestar Zydus Wellness Page Hawwkins TTK Prestige Titan Rallis India Sah Petro Shanti Gears Vijay Shanti builder Amrit Banaspati Agro tech .

Negative FCF. Low NPM Negative PAT. very good ratios.67. Negative EPS. slightly higher P/B Infra company. Decent interest coverage. RoE and RoCE. P/B = 3. Ratios comparable to industry Excellent company. somewhat volatile from Fy05 to Fy07 ? High P/E. High D/E. P/B = 1. Low PE.97 Fantastic ratios. decreasing RoE. FCF is negative. Terrific Interest coverage P/E =12. Historical trackrecord is sketchy ? Choppy ratios historically.2 Good fundamentals. P/B = 5. P/E = 9. High ROE. very good valuation except for a dip in FY09. fantastic growth. 390 Increase in debt. Very good business. A steep jump for FY10. RoCE and all). High P/E Terrific ratios.RoCE consistently dropping…now below 10% Reducing OPM. High P/B. Decent ratios ? Very low PB. Reducing ratios. great ratios. High ROE. check. Declined during the recent mid cap crash ? Terrific ratios all around. Reducing ratios all around Good ratios. RoCE etc. High ROCE. P/B = 1. Penny Stock. bad ratios Terrific ratios all around. All other ratios according to industry standard P/E =13.5 ? All ratios look terrific. Interest coverage reduced year on year P/E = 12.55. P/B = 3. P/B etc Declining RoE. High PB. P/E = 26. High ROCE. check and check P/E. High P/E = 27 Very good ratios. P/B = 3. decent ratios.19. However a big jump in FY10.6. P/B = 5 Terrific ratios all around. (electrical contacts dependent on silver…high price of silver might eat into profits Consistent increase in RoE. P/B = 1.Reasoning Proper valuation (P/E. current P/E and P/B slightly on the higher side High PE. P/E = 3. ROCE over the years. On demand print solutions . P/B. High PB. P/B = 3. P/B = 17 P/E = 28. decent prices is around Rs. High PE.13. RoCE. Slightly high P/E All ratios look good…however FY07 hasn’t been that good. Negative P/E. P/E = 21. Terrific fundamentals. M&M accounts for 90% of revenues. Terrific RoA.53 Ridiculous PE. Negative RoE High P/B. P/E = 15. Good ratios all around. Volatile ratios and returns from FY05 to FY10. P/E = 18. P/B = 3 . P/E = 34. High NPM. RoA. P/E = 11. P/B = 4 Nothing great about ratios. Ratios not comparable to industry Terrific ratios all around. However all other ratios are poorer compared to Industry median. P/B = 1. D/E = 1. P/E = 20. Evaluate reason before jumping into the stock Low P/E.

High P/E (P/E ~ 33) and extremely high P/B (P/E ~ 13). Higher PE. maybe a turnaround story. Good prospects but extremely high P/E (P/E ~ 60) and P/B (P/B ~ 21). No debt.Terrific ratios Excellent company. Good prospects but extremely high P/E (P/E ~ 50). sudden prop up in FY10 Decent ratios. Extremely high P/E. very good ratios. nothing fantastic Extremely high P/B. will be subjected to reversion to mean Fantastic ratios all round. High promoter holding. will be subjected to reversion to mean Fantastic ratios all round. decent P/E but extremely high P/B (P/E ~ 14). P/E ~ 20. Negligible long term debt. High P/E . High promoter holding. Good prospects. Choppy ratios over the years Poor ratios. Fantastic RoCE and RoE. Higher PB Check P/E on ValuePickr ? Check P/E on ValuePickr Volatile ratios. in the Consumer durable industry Fantastic ratios all round. High promoter holding. will be subjected to reversion to mean Fantastic ratios all round. Good prospects. available cheap Good ratios all around. Good prospects. slightly higher P/E. will be subjected to reversion to mean Fantastic ratios all round. poor everything High P/E. High promoter holding. Good prospects but extremely high P/E (P/E ~ 43).Reducing RoE and RoCE over the past 5 years High P/B. High P/B. High P/E. Not too great a ratios Less than book value. declining ratios. will be subjected to reversion to mean High P/B. High promoter holding. decent ratios till the steep drop in FY09 Shaky ratios.

SIP the stock. may be? Track if you have time ***** ***** ? Watch for Declines Track and Dig Reject Dig deeper Reject Dig deeper Evaluate ? Track Reject Reject Dig deeper Evaluate ? Evaluate Track ? Reject Dig deeper Track and Dig Track ? Dig deeper Reject Track Reject Dig deeper Track Explore and Reject Dig deeper ? Track Track Track Track Reject Reject Track and Dig ***** Good fundamentals Watch for Declines ? ***** Watch for Declines Watch for Declines ? ***** Watch for Declines ***** Watch for Declines ? Watch for Declines Watch for Declines Watch for Declines Watch for Declines Watch for Declines .Important Stocks Decision Evaluate Reject Buy below Rs. 150 (P/E below 11 or 10) .

Dig deeper Track ? ? ? Explore and Reject Evaluate Watch for Declines ? Reject Watch for Declines Watch for Declines Watch for Declines Strong Buy on Declines Strong Buy on Declines Watch for Declines Reject Reject Reject Evaluate Watch for Declines Watch for Declines .

S.No Stock 9 Smartlink Networks 15 Aditya Birla Chemicals 18 Navbharat Ferro Alloys 23 Dhanuka Agritech 32 Akzo Noble 42 Engineers India 43 CESC 44 Castrol India CMP ? 141 ? ? .

Reasoning ? ? ? ? ? Check P/E on ValuePickr ? Check P/E on ValuePickr Decision ? ? ? ? ? ? ? ? ? Good fundamentals ? ? ? ? .

S.No Stock 10 Swaraj Engines 17 International Travel House 22 Cravatex 26 Everonn 29 Container Corp 33 Asian Paints 34 Berger Paints 35 Kansai Nerolac 36 Shalimar Paints 41 eClerx CMP 493 597 1262 2687 97 907 315 3 Supreme Industries 152 21 Relaxo 317 39 Mangalore Refinery and Petrochemicals 68 Supreme Industries vs Wimplast .

Decent ratios Terrific ratios all around. P/B = 3.5 Terrific ratios all around. Higher PE. P/E = 20. P/E = 26. High ROE. P/E = 11. P/B = 17 P/E = 28. check and check P/E. Terrific fundamentals. 390 High PE. very good ratios. decent prices is around Rs.SIP the stock. RoE and RoCE. great ratios. P/B = 4 Terrific ratios all around. Terrific RoA. P/B = 3. High PB. Decent interest coverage. High ROCE. P/B = 3. P/B = 3 . P/B = 5. High NPM.53 Fantastic ratios. P/E = 34. P/B = 5 Track and Dig Watch for Declines Track and Dig Watch for Declines Terrific ratios. fantastic growth. check. High ROCE. High P/B.Reasoning High P/E. High ROE. P/B = 3. All other ratios according to industry standard Decision Track Track Track Track Track Track Track Watch for Declines Watch for Declines Watch for Declines Watch for Declines Watch for Declines Watch for Declines Watch for Declines P/E =13. Terrific Interest coverage Track Track P/E =12. 150 (P/E below 11 or 10) . P/B etc Track and Dig may be? Good fundamentals. Higher PB Watch for Declines Watch for Declines Watch for Declines Buy below Rs. P/E = 21. P/E = 18. Very good business. Low NPM Track Excellent company. M&M accounts for 90% of revenues.

S.No Stock CMP 5 Span Diagnostics 7 Goodricke Group 13 Pennar 20 Photoquip 24 Wimplast 47 28 Simran Farms 31 Uflex 53 181 40 Mazda Ltd 110 .

slightly higher P/B Dig deeper ***** Consistent increase in RoE. Terrific ratios all around. Slightly high P/E Good ratios.2 All ratios look terrific. very good valuation except for a dip in FY09. P/B = 1. Declined during the recent mid cap crash Terrific ratios Dig deeper Dig deeper ***** Dig deeper ***** Dig deeper ***** Dig deeper .Reasoning Very good ratios.55. P/E = 9. Decision Dig deeper ***** Excellent company. RoCE etc.67. A steep jump for FY10.6. very good ratios. P/B = 1.97 Dig deeper ***** P/E = 12. P/B = 1. D/E = 1. Good ratios all around. P/E = 3.19.

look out for big declines. seemingly a multi-bagger…watch out Strong buy on declines Industrial machinery and Foods…two Main engineer (one of the unrelated markets…dig a little deeper before promoter very old . Diana seem to have better valuations Strong strong buy. Covered by Rohit. expansion plans in place Dig more…Andrew Yule.Buy on Declines.75 yrs) investing …Not sure what would happen if he passes away . Steel+Rail wagons+Preengineering Market potential not too clear. very good ratios. Evaluate Supreme Industries vs Wimplast High volatility. extremely good business. similar to Shilpa Medicare. market leader in diagnostic products. No dividend.

somewhat volatile from Fy05 to Fy07 All ratios look good…however FY07 hasn’t been that good. decent ratios. declining ratios. Evaluate reason before jumping into the stock Infra company. 36 Interest coverage reduced year on year Volatile ratios. RoCE and all). RoA.No Stock 30 Mangalore Chemicals 45 Diamines and Chemicals CMP 1 Liberty Phosphate 8 Jkumar Infraprojects Reasoning Nothing great about ratios. P/B. sudden prop up in FY10 Proper valuation (P/E. current P/E and P/B slightly on the higher side Decent ratios. However a big jump in FY10.13. P/E = 15. Historical trackrecord is sketchy Choppy ratios historically.S. nothing fantastic 14 Suprajit Engineering 16 Astral Poly 46 Allied Digital . P/B = 1.

Decision Explore and Reject Explore and Reject Evaluate Evaluate Evaluate Evaluate Evaluate .

However all other ratios are poorer compared to Industry median. FCF is negative. Reducing ratios all around High PE. decreasing RoE. High P/E 11 Repro India 12 Modison Metals 19 Lloyd Electric Engg 25 TIL 27 KDDL 37 Nitin Spinners 38 CNI Research .No Stock 2 Phillips Carbon Black 4 Poly Medicure 6 Andhra Petro CMP Reasoning Low P/E. High PB. Negative EPS.S. (electrical contacts dependent on silver…high price of silver might eat into profits Very low PB. Penny Stock. High P/E = 27 Volatile ratios and returns from FY05 to FY10. High D/E. Low PE. Ratios comparable to industry Increase in debt. RoCE. Declining RoE. Reducing ratios. On demand print solutions . Negative FCF. Negative RoE High P/B. ROCE over the years. bad ratios Negative PAT. Ratios not comparable to industry Ridiculous PE. Negative P/E.RoCE consistently dropping…now below 10% Reducing OPM.

Decision Reject Reject Reject Track if you have time Reject Reject Reject Reject Reject Reject Reject .

asp?TID=2290&PN=185 SMARTCAT portfolio http://www.theequitydesk.asp?TID=870&PN=90 http://www.com/StockLowsReport/FNOStocksOneYearLowReport.investraction.com/ S. shanthi gear Zydus. Supreme Industries. Dabur. patels airtemp(90).HIT2710 portfolio ajantha pharma(208). Relaxo http://www.topstockresearch. hov(108). aries agro(135).com/forum/forum_posts. vst tillers(480).com/2010/12/stocks-that-fell-50-in-month.html http://www.theequitydesk.No Stock 1 Mazda Ltd . omnitech intl(207).rmdhar.html?sms_ss=blogger&at_xt=4cefcb1 http://blog.com/forum/forum_posts.

2 HOV 3 Shanti Gears 4 Repro India 5 Modison Metals 6 Lloyd Electric Engg 7 Wimplast 8 .

All in all.P/E ~ 6. Sorab Mody) . patels airtemp(90). operating in two different industries (diworsefication).asp?TID=2290&PN=185 orum/forum_posts. High interest coverage .The company has been posting impressive numbers over the past 5 years . aries agro(135).Hived off the Valve division (low margin.0 10/12/stocks-that-fell-50-in-month.). P/B = 1. looks an extremely good stock.html Reasoning . .asp?TID=870&PN=90 m/StockLowsReport/FNOStocksOneYearLowReport. AR states that the sale proceeds would be used in the vacuum pump division which would grow faster. and the Food division started and managed by the MD's daughter (Ms. vst tillers(480). high inv) for Rs 22 cr which is supposedly a catalyst.However. . .Engineering (primarily Industrial machinery) and Foods . Shananya Mody. cera(155). bannari aman spinning(1 orum/forum_posts. daughter of Mr. shanthi gears(45).4 .Mazda Ltd operates in two different industries . Percy Avari is supposed to be the brains behind the industrial machinery design. So far so good.ROCE CAGR of ~ 20% and NPM CAGR of ~30% of over the past 5 years .Negligible debt.html?sms_ss=blogger&at_xt=4cefcb10d4ab3418.Insider selling by the only other Wholetime Director (Percy X Avari). omnitech intl(207). Mr.

I am not even sure whether HOV would have any competitive advantage (inspite of many clients across sectors).. Healthcare. . especially considering its a BPO company . Publishing.Even after a steep fall. . RoE CAGR. .HOVS is one of the largest end-to-end BPO companies. providing healthcare.The major motivation to get in depth of this stock was the recommendation by Hitesh Patel (of hitstocks fame .With so many BPO players. e-content management and other services across key verticals such as BFSI. Retail. It's actually decreasing . Commercial and Industrial Manufacturing industries. finance and accounting. the better. Telco.Their earnings (recent and past 5 years) have been nothing to write home about .I am not even sure of the Interest coverage . .Although they have been paying down debt year on year. Government. they still have a tremendous amount of debt. the stock looks expensive on a adjusted PE.They are opening a center in China.The lesser said about RoCE.his stock picking ability is awesome!) . However Adj PE TTM is close to 12.

at_xt=4cefcb10d4ab3418.0 Decision Reject for now. bannari aman spinning(138). The AR isn't clear if they are investing further in the food division at all inspite of the razor thin margins and low volume. if Ms.I am not too sure how cashflows would be utilised). shanthi gears(45). On the other hand. . I would be skeptical in investing in this company (Food division is her pet project . Shanany Mody gets the ownership of the entire company. are the ones that come to mind based on cmp. If they hive off the food division.. this looks like a good buy. cera(155).

I'd probably look at this stock say 6 months from now and see if the debt levels have been reduced significantly. .Reject for now. Their debt levels scare me.

sed on cmp. .

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