A Strong Growth Infrastructure Stock

#1
Sunil Hitech,

(BSE:532711,B1 Group ,NSE: SUNILHITEC)

Visit website for details www.sunilhitech.com

Some excerpts of recomendations:

For the last 5 consecutive years it has posted an impressive CAGR in excess of 92% every year.

Sunil Hitech Engineers Limited undertakes installation of thermal power plants.Its customers include BHEL,L&T, Maharashtra Government,Tamilnadu Government ,MP Government.it is diversifying into new areas of construction, catering sugar industry,irrigation pipelines. Also it has started to go global through doing business in gulf countries.

BSE News:

Sunil Hitech Engineers Ltd has informed BSE that the company has been awarded contract by Bharat Heavy Electricals Ltd (BHEL) for Erection, testing, assistance for Commissioning. Trial operation and handling over the Boiler and Auxiliary including ESP, Rotating machines, Ducts and Dampers, Power Cycle piping etc. of 2 x 250 MW Unit - 1 of Bhilai Power at District Durg, Chattisgarh. The Value of the contract is Rs 130.66 million and is to be executed over a period of 18 months.

Further the Company informed that the Company has been also awarded contract by Maharashtra State Power Generation Company Ltd (MSPGCL) for New Parli project - 1 x 250 MW Main Storm Water Drainage, Arrangement for TPS Area at New Parli Power Project, Parli Vajinath, Dist Beed, Maharashtra. The Value of the contract is Rs 29.32 million and is to be executed over a period of 6 months.


Share holdings(Post IPO) :

Promo % 65.34
Fin Inst% 7.37
FII % 0.33
Pvt. Corp % 8.85
Pub. % 16.12
NRI% 0.11

Income :

FY2003/3 22.11Cr
FY2004/3 35.45Cr
FY2005/3 68.00Cr
FY2006/3 59.43Cr (Q1+Q2)

Net Profit :

FY2003/3 00.33Cr
FY2004/3 00.83Cr
FY2005/3 02.24Cr (EPS Rs3.52, Post IPO EPS Rs.2.29)
FY2006/3 02.29Cr (Q1+Q2) (Annualized EPS Rs 5.00 Min)

Other Imp Details:

FV Rs 10.00
BV Rs 26.69
H/L Rs 175.60 / 116.60
D/E 1.13
Post IPO Equity 10.025Cr

CMP Rs.136.00 or so

Present fair value Rs 150.00 Min

Expected value by FY07/3 Rs 300.00 Min

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