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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

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Thursday, September 9, 2010

2010VP17 Rajapalayam Mills

Rajapalayam Mill BSE: 532503 | NSE: RAJPALAYAM
CMP 650 ; EPS 49 PE 13.3; BV 363 PBV 1.8

The Board (source chennai brokers)to meet on 30.09.2010 to consider Bonus issue and split of shares of FV 10

Rajapalayam Mill and its group is having high valued cross holdings
Ramco Industries is owned by Madras Cements (15.43 ) and Rajapalayam Mills (9.14) ie., 24.57 pc out of 50.54 held by promotors

Madras Cements is owned by Ramoc Industries (20.72) and Rajapalayam Mills (13.83) out of 42.01 owned by promotors

Rajapalyam Mills is owned by Ramco Industries Ltd (12.06) Madras Cement Ltd (10.33) out of 49.38 owned by promotors


The value of cross Holding of these are as follows
Name of Company M Cap as 07.09.2010 Value of Cross holdings
=============== ================= ==================
Ramco Industries Rs. 634 Cr Rs.662 cr (Ramco systems Rs 52 crore)
Madras Cements Rs.2838 Cr Rs 116.3Cr
Rajapalyam Mills Rs. 189 Cr Rs 450Cr

So Ramco Industries and Rajapalayam Mills are grossly undervalued


Ramco Industries under same mangement had issued bonus in ratio of 1:1 and split of FV 10 to FV1 in Sep 2009 and therafter in 2010 the share has appreciated

Rajapalayam is having Profit worth Rs 412 cr on account of market value of investment exceeding its book value the earning per share shall be Rs 1173 due to low capital base Rs 3.51 cr share capital base (35.1 lakh shares of Rs 10 each)
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