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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

Thursday, September 30, 2010

2010VP21 Ansal Housing and Construction

Ansal Housing and Construction

BSE: 507828
NSE: ANSALHSG
Market Cap: Rs. 124 Cr. (post conversion at current market capital shall be Rs 139 crore)
Face Value: Rs. 10
CMP Rs. 67.45
Book value Rs. 145.06 (post conversion the book value  be Rs 136.74 considering the conversion prices)
P/BV at 0.47x  (0.49x considering dilution)
Forward PE 4.5 x  (5.1 x considering dilution) as against 13 of peers
Forward EPS Rs. 15 (Rs 13.3 considering dilution)

my estimates of  turnover Rs 280 cr PBIT Rs 35 cr for 2010-11 ( growth of 32 pc)

The balance sheet total of Rs 595 cr was financed by equity Rs. 270 cr long term debt Rs. 314 cr
The assets were
Rs. 32.99 cr  in fixed assets ,
Rs. 25.04 cr  in investment of subsidaries of similar business
Rs. 60.99 cr  in debtors
Rs. 15.98 cr  in cash/bank
Rs 482.4 cr  in inventories
Rs 177.29 crore as loans and advance (advance to subsidiaries for land property Rs 153.2 cr)


The turnover for the year Rs. 212.16 cr and PBIT was Rs 28.54 cr for (2009-10) ie 13.45 pc

The current inventory roughly at market value is above Rs 750 crore which represents the project to be completed over 2.5 years with an additional outlay of Rs 200 crore to convert to finished projects

Latest development


Preferential allotment of 12 lakh warrant were made at price aggregating 840 lakh (Rs 70 a share) which show promotors are bullish.
http://www.bseindia.com/stockinfo/anndet.aspx?newsid=bc346810-a512-46bf-94dc-50cf626e73f0

Promotors holding above to be at 54.83 percent after preferntial allotment from current 49.60 pc
The outstanding shares shall increase from 184.71 lakh shares to 205.71lakh shares (11.31 pc) including conversion of outstanding 9 lakh warrant (@40)on or by January 2011.
They have housing projects in Agra, Meerut,Ghaziabad, Mumbai, Indore , Jhansi which make them ideal balanced developer
http://www.ansals.com/national-presence/index.asp

link to site attached for verification of project and annual reports
http://www.ansals.com/
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