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Surya Roshni - Daily Stock Picks

CMP: Rs 78
Target: Rs 87
EPS: Rs 10
Dividend: 12%
Book Value: Rs 75

Posted by admin in Companies, Mid Term Picks on Mar 19th, 2010 | no responses

Surya Roshni Stock Analysis:

Surya Roshni Ltd is a conglomerate with the largest ERW pipe manufacturing plant in India, a large cold rolling strip mill at Bahadurgarh (Haryana) and two lighting units one each at Kashipur (UP) and Malanpur (MP) producing fluorescent tube lights, GLS lamps, CFL lamps, HPSV Lamps, HPMV Lamps and Metal Halide Lamps. The company also markets a wide range of Luminaires and Accessories, High Mast Lighting Systems, Lighting Poles, Decorative Poles and MCBs. It’s turnover ending March 2009 is around Rs.1700 crores (more than USD 360 Million).
Currently investing Rs 75 crores for the expansion of its Kashipur Unit.
Currently contemplating on converting the warrents into equity shares.
Expecting the revenues and profits to grow annually by 14% and 19% respectively.

Source: Sakshi Business News

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