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"Wealth creation through systematic investment"

We all are investing to make more than what we have invested so that we can have more purchasing power in future.

Shared here are some of the ideas on how to create wealth out of your savings through systematic and organised investing in all spheres of investment portfolio. Effort here is to identify those areas where investment could fetch greater returns in long term perspective

We believe there should be mix of insurance policies, equities, bonds/ debt instruments, mutual funds, precious metals, real estate properties, loans in your portfolio to make your investment wealthy.

Investing in stock market, debt instruments, mutual funds, real estate without proper evaluation are prone the risk of 'loss of capital' due to general financial risk of market, promotors & operators not acting in bonafide interest of small investors etc

The issues posted here are only a fig of a tree and investor who are investing their hard earned money are advised to independently analyse the issues or consult an investment advisor before making any decision.

"CAUTIONARY NOTE" - this blog is not responsible for any loss, whatsoever . please do consult an investment advisor if your not able to evaluate the investment / economic / risk scenario independently

feel free to contact us at
sherkochiraj@indiatimes.com or at rmanjuesh@gmail.com

Wednesday, January 6, 2010

2010VP03 Trend Electronics


The Trend Electronics Limited BSE: 517228 ISIN: INE219F01017
is grossly undervalued compared to its peers

The price performance of Trend Electronics and its peer is as given
below

Company CMP Price Last Yr and Change% Price Lat Mth and Change %

Trend Electron 30.65 Over Year 21.15 44.92% Over Month 31.95 -4.07%

Videocon Indust 248.70 Over Year 133.25 86.64% Over Month 225 10.46%

Mirc Electronic 18.20 Over Year 11.21 62.36% Over Month 18.05 0.83%

Sharp India 27.55 Over Year 13.00 111.92% Over Month 26.15 5.35%
======
The Performance of the company over a year was noteworthy

Change from Oct 07 to Sep 08 to Oct08 to Sep 09

Total Income Rs. 782cr to 842 Cr(7.67%)
Total Exp Rs. 748cr to 811 cr(8.42%)
Op Profit Rs. 26cr to 31 Cr(19.3%)

Net Profit Rs 2.4 to 3.71 cr (54.55%)
Capital base 0.75 cr
EPS 3.2 to 4.95 (54.55%)
Dividend 0.5 per share to 1per share (expected)

===

My optimistic evaluation of likely performance is given below

Trend Electronics

Prom Hold 47.6% Pubic 52.4%

CMP Rs 32 at PE 6.5x EPS 4.95

M Cap Rs 24 Cr Ind. PE 13.5

Expectation Oct 2009 Sep 2010

Turnover Rs 1109cr

Expenditure Rs 1073cr

OpProfit Rs 36cr

Int , Dep &Tax Rs 28cr

Net Profit Rs 8 cr

EPS Rs 10.66

OP Margin 3.25%

My Target Perception Rs 96 at PE 9x : Mar Cap 72cr

Growth (2009-2010) Revenue 31.7% EPS 215% over 2008-2009

Kindly evaluate independently. I am not responsible for any loss
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