Sri Digvijay Cement (502180)
(A turn around case of Birla company )
Presently under TS group
Cum Right Scenario
1 Expected EPS
(assuming Q4 NP be 12Cr)=Rs 64.00
2 CMP = Rs 388.00
3 Industry PE = 15 (Min)
(cement)
4 RightIssue of 18 shares for one held @ Rs10.00 at par
5 Record date is yet to be declared
Ex Right Scenario
1 Diluted Y6/3 EPS = Rs 3.38
2 Reduced price on CMP = Rs 20.42
3 Full price at diluted Y6/03 EPS at 15 PE = Rs 50.70
Example
a If I have 10 shares of company @ Rs388.00 and I pay Rs 1800.00 for 180 right shares then my investment is 3880 +1800 = Rs 5680.00
b Total no of shares = 190
c Cost per share = Rs 29.89
d Full price at diluted
Y6/03 EPS at 15 PE = Rs 50.70
May pl point out if something is infeasible in this exercise
(A turn around case of Birla company )
Presently under TS group
Cum Right Scenario
1 Expected EPS
(assuming Q4 NP be 12Cr)=Rs 64.00
2 CMP = Rs 388.00
3 Industry PE = 15 (Min)
(cement)
4 RightIssue of 18 shares for one held @ Rs10.00 at par
5 Record date is yet to be declared
Ex Right Scenario
1 Diluted Y6/3 EPS = Rs 3.38
2 Reduced price on CMP = Rs 20.42
3 Full price at diluted Y6/03 EPS at 15 PE = Rs 50.70
Example
a If I have 10 shares of company @ Rs388.00 and I pay Rs 1800.00 for 180 right shares then my investment is 3880 +1800 = Rs 5680.00
b Total no of shares = 190
c Cost per share = Rs 29.89
d Full price at diluted
Y6/03 EPS at 15 PE = Rs 50.70
May pl point out if something is infeasible in this exercise