Offline
| Post a Message | Explore Forums | Browse Stock Messages | Hot Discussions | Top rated Messages | Top Boarders | |
|
|
|
Prism Cement
| |||||
Next Down Range
Posted by :
vkk43Tracked by: 0 Boarder
With this dismal performance for last qtr, it will continue to remain weak in this market....
In reply to:
Next Down Range
Posted by : My Multibaggers
Since last 2 years sales in each quarter is around Rs.200/- crores. That means; NO GROWTH in sales. in last quarter, Sept. 09, sales was Rs.167 crores.
Further company made profits of Rs.76 crores (approx.) in last 2 quarters (15.01 crores in Sept 09 Q & 60.98 crores in June 09 Q). Total no. of outstanding shares are 29.825 crores. So company can distribute accumulated profits to shareholders. It depend on company how much they want to distribute from profits made.
If 10% interim dividend is announced, company will distribute Rs.29.825 crores (plus dividend distribution tax extra) to shareholders & that to from profits made.
By the way, Happy Dashehara to all of you & your family… May God help you erode all bad habits & cultivate more & more good habits in your soul…
Take the best decisions. 
Next Down Range
Posted by : My MultibaggersTracked by: 0 Boarder
Since last 2 years sales in each quarter is around Rs.200/- crores. That means; NO GROWTH in sales. in last quarter, Sept. 09, sales was Rs.167 crores.
Further company made profits of Rs.76 crores (approx.) in last 2 quarters (15.01 crores in Sept 09 Q & 60.98 crores in June 09 Q). Total no. of outstanding shares are 29.825 crores. So company can distribute accumulated profits to shareholders. It depend on company how much they want to distribute from profits made.
If 10% interim dividend is announced, company will distribute Rs.29.825 crores (plus dividend distribution tax extra) to shareholders & that to from profits made.
By the way, Happy Dashehara to all of you & your family… May God help you erode all bad habits & cultivate more & more good habits in your soul…
Take the best decisions....
In reply to:
Next Down Range
Posted by :
Silent Don
Bad Results?? IF results are bad, how can company afford to declare interim dividend of 10%. Your assessment gotta be wrong. Please evaluate the results and let us discuss how the results are bad and specially in this current scenario, where companies will be starved to get finance, prism declared the interim dividend.
I feel results are consistent
Next Down Range
Posted by : Silent DonTracked by: 0 Boarder
Bad Results?? IF results are bad, how can company afford to declare interim dividend of 10%. Your assessment gotta be wrong. Please evaluate the results and let us discuss how the results are bad and specially in this current scenario, where companies will be starved to get finance, prism declared the interim dividend.
I feel results are consistent...
In reply to:
Next Down Range
Posted by : My Multibaggers
Prism Cement announced bad results.
Next down range for Prism Cement is Rs.17.25/- to Rs.20.70/-
Take the best decision.
Next Down Range
Posted by : My MultibaggersTracked by: 0 Boarder
Prism Cement announced bad results.
Next down range for Prism Cement is Rs.17.25/- to Rs.20.70/-
Take the best decision....
NSE Announcements on Prism Cement
Posted by : MMB MessengerTracked by: 0 Boarder
Prism Cement Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-SEP-2008 as follows: Net Sales of Rs. 16271 lacs for quarter ending on 30-SEP-2008. Net Profit / (Loss) of Rs. 1501 lacs for the quarter ending on 30-SEP-2008....
NSE Announcements on Prism Cement
Posted by : MMB MessengerTracked by: 0 Boarder
Prism Cement Limited has informed the Exchange that the Board of Directors of the Company in its meeting held on October 07, 2008 have declared an interim dividend of 10% on 29,82,50,000 Equity shares of Rs.10/- each, absorbing a sum of Rs.34.90 crores (including Dividend Distribution Tax of Rs.5.07 crores), for the financial year 2008.09. Payment of interim dividend will be made on or after October 16, 2008....
BSE Announcements on Prism Cement
Posted by : MMB MessengerTracked by: 0 Boarder
Prism Cement Ltd has informed BSE about the unaudited financial results for the Quarter ended Sep 30, 2008....
BSE Announcements on Prism Cement
Posted by : MMB MessengerTracked by: 0 Boarder
Prism Cement Ltd has informed BSE that October 13, 2008 has been fixed as the Record Date for the purpose of payment of interim dividend....
NSE Announcements on Prism Cement
Posted by : MMB MessengerTracked by: 0 Boarder
Prism Cement Limited has informed the Exchange that the company has fixed October 13, 2008 as Record date for the purpose of Interim Dividend, if the interim dividend is approved by the Board of Directors. Further the payment of such dividend will be made on or after October 16, 2008....
BSE Announcements on Prism Cement
Posted by : MMB MessengerTracked by: 0 Boarder
Prism Cement Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 07, 2008, inter alia, to approve the Companys Unaudited Financial Results for the quarter ended September 30, 2008 and consider declaration of interim dividend on equity shares....
Tracked by: 0 Boarder
It is true ythat with the govt. forcing price control on steel and cement industry, theseshares particularly of cement were taking beating. Recent unfortunate developments of flood and blasts will need massive redevelopments and repair and this will definately generate demend for cement and steel.Even ACC bosses have indicated that cement prices will not ease.This is a very good share ...
ROCKET STOCK.... PRISM CEMENT LTD Rs.29.5
Posted by : India_bullsTracked by: 0 Boarder
ROCKET STOCK.... PRISM CEMENT LTD at Rs.29.5/-; TARGET 45/-
PRISM CEMENT LTD (Rs.10/- face Value) Trading in BSE & NSE at 29.5/-. Target 45/- for short term & 75/- for Long Term. Safe Investment at 29.5/-.
Right time to Enter Good Fundamental Stocks for short term. If you enter good Fundamental Stocks at present rate you will get 20% to 50% appreciation within 1Month time.
BSE Sensex 14,000 time Prism Cement Share price was 36/-. Market crashed to 12,500 Prism is crashed to 28.5/-. But market recovered to 14,000, Prism Cement is at available at 29/- now also. For Short term Market is Up it will touch 14,500. Hurry up……
Take advantage of this Market Crash. In this Market Share price crashed from 36/- to 29/-. So best time to invest at 29/- for PRISM CEMENT Ltd.,
Research Report
Initiating Coverage: PRISM CEMENT Limited
CMP: Rs. 29.50
Target: 36/-, 45/- & 75/-
52 Weeks High: Rs. 79.5/-
Book Value / Share: Rs. 21/-
Duration: 1Week, 2 Months & 6 Months
Recommendation: VERY STRONG BUY
PRISM CEMENT Ltd at Rs.29.5/- is with Good NET PROFIT With EPS 8.1/- for 2007-09 and Dividend Paying Company. For the year 2007-2008 Sales was 876 Crores and Net Profit was 238 Crores. EPS was 8.1/-. Equity 299 Crores, and Expansion Results are coming in Next Quarters. So Company Projected EPS 13.5/- for 2008-09 with Net Profit 375 Crores. As per This PE only 2.5. If we take PE minimum 5 It will come 65/-. (PE will take Based on Good Bussiness Group & Cemrnt Industry).
For Year 2007 – 2008 Dividend given 10%.
Daily Grabbing with Mumbai Bulls because it’s available very cheep price at 29.5/- With EPS of 13.5/- PE only 2.5 and its worthable.
Company Having lot Expansion is going on. This results will effect Next Quarters onwards. So For this year EPS will come around 13.5/-. Based on this PE only 2.
Its best time to Enter to invest. Take advantage of this Market Crash. In this Market Share price crashed from 36/- to 29/-. So best time to invest at 29/- for PRISM CEMENT Ltd.,
Total Equity of 299 Crores . Promoters Holding 61%; Private Corporate Bodies 7%; FII’s 7% and Public only 25%.
Book Value of this Share was 21/-.
Prism Cement, promoted by the Rajan Raheja Group (RRG) was initially incorporated under the name of Karan Cement Limited in March 1992 as a joint venture between Raheja group of Mumbai, F.L.Smidth & Co. A/s Denmark and Industrialization Fund for Developing Countries (IFU), Denmark. The company commissioned operations in August 1997 with a clinkerisation plant having an installed capacity of 2 MT in the country at Satna, Madhya Pradesh and was the single largest kiln at that point of time. In 2004, FLS and IFU sold their entire stake to RRG. Currently, the promoter group holds 62% stake in the company. The company manufactures and markets Portland Pozzollana Cement (PPC) with the brand name ‘Champion’ and the full range of Ordinary Portland Cement (OPC) grades. The company caters mainly to markets of Eastern UP, North Eastern MP and Western Bihar, which are within the radius of 360 kms of its plant at Satna, MP.
The company Expanded capacity to 10 MTPA.
Positive Points for this stock for Up moving:
1) Company doing very good with EPS 8.1/- for 2007 – 2008 and 13.5/- for 2008 – 2009 PE only 2.5; Avialable very cheep at 29.5/-
2) Company Expanding Results will share Next Quarters. So Net Profit will Increase. EPS will increase to 13.5/- for this Year.
3)Good Dividend Paying Company.
4) Promoters are good and reliable and ShareHolding is good 62%.
5) Company Projected EPS is 13.5/- for this year 2008 -09.
Buy as it is a risk free stock and would move to Rs 45/- - 65/- within couple of months. Week target at Rs 35/- -40/-.
Enter current price at 29.5/- Short term Target 35 to 45/- Long Term Target 75/-
Strong Fundamentals. Just Buy at 29.5/- get 100% to 200% Profit.
Happy Investing...
Bye
BIGBULLS
Disclaimer: - The recommendations made herein are for information purposes and are not recommendations to any person to buy or sell any securities. The information is derived from sources that are deemed to be reliable but its accuracy and completeness are not guaranteed. The company does not accept any liability for the use of this column. Readers of this column who buy or sell securities based on the information in this column are solely responsible for their actions. And author won\\`t be liable or responsible for any legal or financial losses made by anyone.
...
1 queries on Prism Cement
More from the Cement - Major Sector
Boarders tracking Prism Cement
see more News Updates on Prism Cement
Explore Moneycontrol
