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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

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Thursday, May 13, 2010

2010VP12 Micro Tech

Micro Technologies
BSE: 532494
NSE: MICROTECH

Target 2009-10

Total Income Rs 285.90 cr
Oper Profit Rs 116.20 cr
Net Profit Rs 61.76 cr

EPS 56.25 on pd up cap of 1.098 crore shares of 10 each
xpected Book value Rs 299

at CMP of 189.4 the share trades at PE of 3.36 nd PBV of 0.63 as against peer valuation of PE 20 and PBV of 4

At CMP of Rs. 185 the Mar Cap with o/s pd up capital of 1.09 cr shares is Rs 203 Cr

The share is trading at PE of around 3.3 against peer PE of 20

after
considering dollar devaluation for foreign exchange conversion @ 10%
the company is likely to post topline growth of 40-45% ( Rs 470 cr) for 2011 since it is concentrating revenue from developing countries and it already has partnership with airtel in india which will / may extend to south africa acquistion of Zain

the company is likely to post bottomline of Rs 89 crore which will converted to PE of 5.5 for 2011 an hence price target of 405-435 by dec 2011 at current capitalalisation structure
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2 comments:

  1. Shenoy RajeshMay 13, 2010 at 7:48 PM

    Foreign Institutions holding FCCB are converting the same to equity share and consequently FII shall hold additional 24.41 lakh shares making total to 43.31 lakh shares

    The percentage of sh capital held by FII out of 1.343 crore shall be 32.25% as against 17.22% now

    ReplyDelete
  2. Shenoy RajeshMay 13, 2010 at 7:51 PM

    During 2008-09 2 FCCB bonds were converted into 26549 shares of Rs 10 each ie rs 303.9 a share

    The balance outstaning against 148 FCCB were Rs 59.73 crore(Rs. 40.358 lakh per FCCB)

    Now 5 FCCB are being converted into 80551 shares

    at current conversion rate of Rs 244.7 per share , 2384310 shares will be required to be issued to convert remainind 143 FCCB outstanding

    and outstanding shares will increase to 1.343 cr as againt 1.1cr outstanding as of now

    ReplyDelete

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