CMP :Rs.38 Market Cap :Rs.60 Cr
BSE Code :522165 Book Value :Rs.47.80
52 Weeks High:Rs.45 52 Weeks Low:Rs.16.05
Face Value :Rs.10 EPS :5.34
Indsil Hydro Power and Manganese Limited produces and supplies low carbon silico manganese alloys to steel and stainless steel industries in primarily India. It operates in Smelter and Hydro Power segments. The company also exports its products to various countries. In addition, it generates and supplies power through its 21 MW hydro electric plant in Kerala; and 12 MW coal fired thermal power plant in Chattisgarh. Indsil Hydro Power and Manganese Limited was incorporated in 1990 and is based in Coimbatore, India.
It has an equity base of just Rs.15.88 crore that is supported by reserves of around Rs.49.01 crore which is 3.08 times higher than equity. It has a share book value of Rs.47.80& price to book value ratio is just 0.80 which is highly impressive. The promoters hold 54.36%, DIIs hold 6.66%while the investing public holds 38.98% stake in the company.
Company follows Jun Quarter as financial year ending therefore It’s Net profit zoomed 654.90% to Rs.3.85 crore for Q3FY14 against profit of Rs.0.51 crore in Q3FY13.The Q3FY14 turnover WAS Rs.26.39 crore as against Rs.11.56 crore in Q3FY13. For the 9MFY14, net profit zoomed 433.86% to Rs.10.09 crore as against a profit of Rs.1.89 crore during the previous corresponding year. It has paid 5% dividend for FY13. But company has shown fantastic performance in 9MFY14 therefore Company has announced 15% dividend. Company may declare Rs.115crore turnover and Rs.12.5crore profit in FY14. The stock appears undervalued and is likely to attract value buying at this level. Investors can buy this stock for long term with a stop loss of Rs.30 on a closing basis.
