Multi baggers

Ganesh Poly:

Company process PET wastebottles to get Cheap raw materials .Has got great expansion plan in next 2-3 months.. better buy to double you money in 3-4 mon...Till now it was not in lime light. Today came in news at CNBC .
have look at presentation by Ashish Chug :

http://www.youtube.com/watch?v=HWFMktCK4PI

Already price has increased 4 fold from 14 to 56.

What more do you expect ?

Must be an old video as the CMP is ~56 and your pic shows 33. There is also figures of Hero Honda December Sales, so must be telecast of some time in January 2010.

The 52 week low is ~9.31 in last august 2009 and high ~ 57 this July end. Need big conviction to invest at this level.

I expect it to reach 200 in 2-3 years.

Please do your own research before you put your money.

yes you are right , this is a very old video. I don't have any new presentation.
But I feel it is very good company . Reason : cheap raw material , expansion plan is already happening , buy more land in Tamil N for more expansion.

BUT I would say , please do your own research before you put your money.

SOME MORE DEATILS from another website:


Ganesh Polytex Ltd ( http://www.ganeshpolytex.in - www.ganeshpolytex.in ) is based out of Kanpur and are manufacturers of Recycled/Specialty polyester staple fibre (Fiberfil) and polyester yarn.

This was recommended by Ashish Chugh in Jan 2010 and he himself had got in at a price of Rs. 37.50 around the same time - http://www.moneycontrol.com/news/stocksviews/ganesh-poly-looks-undervaluedashish-chugh_433622.html - http://www.moneycontrol.com/news/stocksviews/ganesh-poly-looks-undervaluedashish-chugh_433622.html .

In March 2010 they increased the capacity from to 39,600 TPA to 57,600 TPA for fiberfill and have become largest player in this space. Next is Reliance which has a capacity of 42,000 TPA at plant located in Hazira.

The polyster yarn has capcacity of 2400 TPA which is not planned for any increase in capacity in future.

The future grwoth drivers are increase in capacity of fiberfill to 72,000 TPA by FY12. They are also planning to start a regenerated POY(partially oriented yarn) plant of 18000 TPA by FY12.
They are raising Rs. 12 cr. for expansion - http://www.moneycontrol.com/news/bu...r-for-co-expansion-ganesh-polytex_449051.html - http://www.moneycontrol.com/news/bu...r-for-co-expansion-ganesh-polytex_449051.html .

What makes is this interesting is the way the raw materials for fiberfills and regenerated POY are procured - this apparently comes from waste plastic bottles(on googling found another private co. in Bangalore which uses PET bottles to be used in road construction which is also quiet intersting). The raw material is available plenty and cheaply. Arora Fibres is another listed entity in the space but the capacity is much lower.

Fiberfill has various uses in textile industry and also to fill stuffed toys, pillows, quilts etc. and yarn is used in garments, upholstery etc.

The risk is there due to exports as mentioned in their FY09 AR and dollar unstabilty - the exports contributed around 26% in FY09.

Here are the financials:

CMP 50.8
MCap 66
P/E 7.30
P/BV 1.81
EV/ EVBIDTA 3.88

ROCE
FY09 14.2
FY08 15.1
FY07 14.2
FY06 15.7
FY05 16.4
RONW

FY09 17.6
FY08 19.4
FY07 10.9
FY06 11.1
FY05 1.0
Net Sales

FY10 198.88
FY09 135.37
FY08 105.43
FY07 62.68
FY06 52.00
FY05 50.66
FY04 77.11
MCap/Sales
0.33

Net profit

FY10 9.00
FY09 4.34
FY08 3.75
FY07 1.89
FY06 1.46
FY05 0.08
FY04 1.24
Margins

FY05 0.15%
FY06 2.81%
FY07 2.99%
FY08 3.54%
FY09 3.20%

Detail Research reports and recommendation reports can be downloaded from

http://www.ganeshpolytex.in/research_report_on_gpl.html

I don't believe in any reco but I wanted to write these things but got ready-made so sharing with all.

Re: Shree Ashthavinayak Cine

Hi,

Shree Ashtavinayak cine is being pumped by management for Target price of around 85 ( present price around 18 ). No fundamental or technical story. Just plain simple pumping by management together with few broking houses. If you can afford to loose 2 Rs. buy with SL below 16. Keep trailing as it moves up & book profit at your comfort level. Expected Target is 85. This will not happen in a day or week & will move slowly in beginning so patience is the key & don't loose sight of your SL.

Cheers !!!!

Alok Tewari