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Thursday 17 March 2016

Elegant Marble & Gran(526705): TP Rs 135 in 4 days:

          9m/FY16 FY15
Sales.   22.30.  26.60
PAT.        5.70.    5.32
Equity.    4.50
EPSRs.   12.66.  11.83

EMGL had reported Eps of Rs 11.83 for FY15 and paid 20% div.
EMGL has been paying dividend every year since 12 years.
For 9 months in current year, its PAT has already flared by 26% to 5.70 cr(4.35 cr) which is higher than PAT of ENTIRE FY15. Eps for  9 months is 12.66.
EPS for FY16 should be 16.50.

Consider following Fundamentals:

1) EMGL paying minimum20% div since 12 years. Cmp is cum div.
2) Book Value Rs 128 as on 31/3/2015
3) EMGL is DEBT FREE
4) Stock is trading @8.20xFY15 EPS
5) Stock is available at PERatio of ONLY 5.90xFY16Eeps
6)EMGL has liquid investments (equity, mutual funds) worth Rs 50.22 crores AT COST. Market Value of these investments is 60crores+.

Marketcap of EMGL is 42 crores which is less than Cost of its liquid investments. Even if EMGL gets modest PERatio of 12, stock price , stock price should be 190+ in 6-9 months. Promoter stake is 72.28%.

1 comment:

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    ReplyDelete