Dear friends,
This was very good fundamental stock and decide urself b4 Buy/Sell
Script Name :ABG Heavy Industries
Year Ended : 05-03
Industry : Project Consultancy/Turnkey
Business Group : ABG Group
CEO : Mr.Saket Agarwal
Company Name : ABG Heavy Industries Ltd.
Company Code : 520155
Face Value (Rs.) : 10.00
Book Value (Rs.) : 106.80
Equity (Cr) : 11.32
Promoter's Holding (%) : 69.7
Institutional Holding(%): 0.79
Market Cap (Cr) : 279.00
BSE / NSE Volume : 1013546
P/E Ratio : 21.20
Sales (Cr) : 70.80
OPM (%) : 48.3
Net Profit (Cr) : 13.40
Dividend (%) : -
EPS (Rs) : 11.90
RONW (% ) : 11.10
Period Ended : 05-06
Sales (Cr) : 16.70
Sales Variation (%) : -
OPM (%) : 81.7
Net Profit (Cr) : 3.90
Net Profit Variation : -25.0
TTM EPS (Rs) : 10.70
Recent / Past News :
17.09.2005 : Mumbai: ABG Heavy Industries, which has recently
emerged as the successful bidder for operating the Kandla container
terminal, is now planning foray into Container Freight Station (CFS)
services. The company, which also operates a container terminal at
Kolkata port, has plans to set up a CFS facility both at Kandla and
Kolkata ports. The company, which is awaiting the Letter of Intent
from the Government to start operations at the Kandla terminal, has
already initiated steps to import the necessary equipment. The
company had won the contract for operating the Rs 250-crore terminal
by out-bidding the other two companies Gammon India and Afcons. It
sees bright prospects for container traffic through Kandla. Last
fiscal, the terminal handled 1.70 lakh twenty-foot equivalent units
(TEUs).
Earlier, P&O Ports, which operates the Nhava Sheva International
Container Terminal and the Chennai Container Terminal at Chennai
port, had been the first to show interest in the project. But
prolonged negotiations between P&O Ports and Kandla port over
certain alterations in the concession agreement came a cropper,
leading to the withdrawal of the container terminal operator about
three years ago. Kandla port has proposed to realign the container
terminal project and have it constructed and operated on BOT basis
on berths No 11 and 12, which have a combined quay length of 545
metres and a draft of about 12 metres alongside the berths. The port
is investing about Rs 250 crore for developing the terminal and ABG
will just have to get the cargo handling equipment for operating the
berths. It has already allotted the dredging work to a private
company. As per the fresh plan drawn up by Kandla port, the selected
bidder will be required to commission full-fledged container
handling operations at berth No 12, with at least two new Rail-
Mounted Quay Cranes, within 24 months of the signing of lease
agreement. Kandla port has projected a throughput of 4.5 lakh TEUs
in the fifth year of operation for the terminal.
The port's cardinal marketing plank for the box terminal project is
that it has over 1 million sq km of hinterland, consisting of Jammu
& Kashmir, Punjab, Himachal Pradesh, Haryana, Rajasthan, Delhi,
Gujarat and parts of Madhya Pradesh and Uttar Pradesh. As for the
Kolkata terminal, ABG is focusing on smaller vessels. Kolkata port
has seen a surge in container throughput. In August this year, the
port handled 27,733 TEUs of cargo, including 10,000 TEUs at the
Cardinal terminal. Cardinal Logistics is a wholly-owned subsidiary
of ABG Heavy Industries.
6.10.2005 : ABG Heavy Industries Ltd has informed that the
Register of Members & Share Transfer Books of the Company will
remain closed from October 26, 2005 to October 31, 2005 (both days
inclusive) for the purpose of Payment of Dividend and Annual General
Meeting of the Company to be held on October 31, 2005.
Take care and Bye
From,
Arvind.K