My Picks

hi Misty,
first of congrats on starting anew thread. I mean, one with STUFF.
and to have a thread of your own to which members return again and again will be a challenge.(all the best for this).
further u may consider formatting u r recos(font, color, etc) and have a standardised look.
ofcourse these are suggestions, you may decide on what is best.
regards

from new listings, my pick would be GVK power.. It has very good order book and profits booming for construction and real estate companies.

thanks ragh_ash for the suggestions .i will keep these suggestions in my mind next time i post

My next pick would be APAR INDUSTRIES
Products
1.speciality oils
2.transformer oils
3.industial and automative oils
4.rubber processing oils
5.only manufacturer of speciality polymer like nitril rubber
6.all types of aluminium conductors

advantages
1.technologically advanced company
2.high promoter holding{nearly 70%}
3.good history of corporate governance
4.is another stock whose products are in high demand.demanded by industries of all kind like automative,engineering,technology etc

list of customers

Power Grid Corporation of India Ltd. ABB SAE SpA, Milano,Italy National Thermal Power Corporation ABB T & D (Pty.) Ltd., South Africa
KEC International Limited ABB Energieanlagenbau GmbH, Germany
RPG Transmission Limited ALSTOM, South Africa/France
Siemens Limited Mitsui & Co., Tokyo, JAPAN
6 Kalpataru Power National Power Corporation, Philippines
7 TATA International Limited National Electrification Administration, Philippines
8 TATA Projects Limited Nam Power, Namibia
9 All State Electricity Boards in India MOTRACO, Mozambique
10 Larsen & Toubro Limited Trans Africa Projects, South Africa
11 Jyoti Structures Limited SPIE Enertrans, France
12 Bombay Sub-urban Electricity Supply Co. I N E O (Transdeco GtmH), France/South Africa
13 Grid Corporation Of Orissa EQUIPTEC, S.A. Panama, U.S.A.
14 APTRANSCO AVON Intl., USA
15 Crompton Greaves Limited Iran Power Company, Iran
16 Jai Prakash Industries Rural Electrification Board, Bangladesh
17 IRCON International Ltd. Fitchner Consultants, Germany
18 ABB Ltd Moshanir Consultants, Iran

Financials
The company should end the year with an eps of 14-15/- but considering the growth in revenue I m assuming it should be a good growth story going forward
Although there is a slight concern that this year there has been some pressure on bottomline but all in all a good value buy
Cmp-240
Although I do not believe in targets as far as funda analysis is concerned bcose value lies in eyes of beholder but stii the fairvalue zone is around 320-330.

MY NEXT PICK IS ELFORGE
Company background
EL Forge Limited (EFL), incorporated in 1963, manufactures carbon and alloy steel forgings
weighing between 300 grams and 5 kgs i.e. fuel injection forgings, steering rods, tie rods,
engine and gear boxes components for the automotive segment. EFL is also a leading exporter
to several overseas customers based in US, Germany, Srilanka and Malaysia and has made
significant strides in this space with exports accounting for 23% of total revenues.
EFL is an established vendor to large domestic OEMs like Ashok Leyland, MICO, Rane TRW,
Sundaram Clayton, IL Jin (Tier 1 supplier) to Hyundai Motors India, Lucas TVS, Hindustan
Motors, VST Tillers, Sahney Paris and Audco Valves. Currently, EFL is implementing an
expansion cum reallocation of capacity programme which is expected to get completed by
April 2006 which would increase the total tonnage capacity to 23,200 tpa from 18,200 tpa at
present.
EFL has in all four manufacturing units, one each at Chromepet, Gummidipoondi and
Thurapakkam in Chennai and one unit at Hosur in Tamil Nadu. All EFL plants enjoy ISO/TS
169249 and ISO 9000 quality certification. Within the automotive space, EFL manufactures
light and medium weight forgings for the engine component segment, transmission, steering
and suspension parts, brake assembly parts, and chassis/driveline parts segment.
EFL has reported a steady performance during the H1 of FY06. Net sales have improved
10% yoy to Rs.415.43mn, with EBIDTA growing by 13% yoy in the same period at Rs.56.69
mn (Rs.50.17mn) followed by a PAT of Rs.34.36 mn (Rs.20.24mn) - up by 70% yoy.
EBIDTA margins have been maintained at 13.65% in H1 of FY06 as compared to 13.26%
recorded in H1 of FY05. The company's performance during Q2 FY06 was slightly muted in
terms of topline and profitability as a large export customer incorporated certain basic design
changes in the components supplied which affected export business in Q2 FY06. However,
the company is confident that it will make up for this shortfall in export revenues in the H2 of
FY06 comfortably.
While EBIDTA margins are likely to remain under
pressure in FY06E, we believe these are likely to be offset by the sharp volume upsurge
largely on the back of a strong volume increase coming in from domestic customers but more
so from the outsourcing opportunity after the SFL acquisition made in May 2005 which should
see concrete results from the Q4 of FY06 onwards.

EFL is a Chennai based auto
component player with several
OEM customers like Ashok
Leyland, MICO, Rane TRW,
Sundaram Clayton
The EFL stock trades at an attractive P/E and C/PE of 9x and 6x and a market cap to sales
ratio of 0.43x based on FY07E. I believe that EFL’s earnings over the next two years would
be entirely volume driven despite competitive pressures in the auto component space. I
initiate a BUY on EL Forge with a target FAIR price of Rs.164 . At our
target price, the stock will be valued 13x FY07E and on cash PE basis 10x for FY07E.
on a cash earnings basis and
9x PE based on FY07E
CMP-99.
TGT-164 {FOR START}.WE WILL SEE HOW IT GOES FROM HERE

hi Misty,
Great work.
First of all congrats on changing your style.
One should concentrate on what one knows best. and for you my friend, that means making suggestions based on Fundamentals. I have tried both FA and TA & find FA to be more difficult.
There is a saying" throw a stone in mud/slush, mud will fly to you. Mud itself is not affected."
Hope u understand the context and what i mean.
again great going and save u energies for more meaningful things.

I TOTALLY UNDERSTAND THE CONTEXT RAGH_ash.even i started feeling enervated.anyways gud thing about bad things is that they can be ignored

well said MISTY

My Updates:
Nrb Bearings-suggested At 500 Cmp-550 .a Hold
Madhav Marbles-suggested At 94 Cmp- 103 .buy
Paper Products-suggestd At 370 Cmp-420.buy

More Updates:
Apar Industries-suggeted At 240.cmp-242.buy
Elforge Suggested At 99.cmp-108.buy