dkishore
18-11-2007, 10:57 AM
Sharyans Resources Ltd. (SRL) (Rs.360.90) *was incorporated on 16th October 1982 to carry on the business of leasing, hire-purchase and investment in securities as its primary objectives. Its primary business is acquiring and investing in financial assets and real estate. Its investment philosophy is to remain diversified in assorted of asset classes, with a view to build a portfolio of businesses that generates value for all stakeholders.
Vijay Chiarra, a Chartered Accountant and Bachelor in General Law with over 18 years of experience in the Real Estate and Financial Markets is the chairman. He is on the Board of several reputed companies including Marketa
Arts Ltd., Sideband Cinevision Ltd., Whistling Woods International Ltd., MC Projects Ltd., etc.
Real Estate Finance and Development is a fund based activity that involves purchase of property & development rights for residential/ commercial purposes either solely or jointly in partnership with the Owners/builders/ investors. The property is then developed in accordance with the plan approved by the statutory authorities' viz., local municipal bodies etc. The developed property is then sold at various stages of completion in whole or in parts at the prevailing market rates.
Project Management and *Investments* is also a fund based activity. It involves identifying the property for development/ restructuring, syndicating all resources required for executing the project and finally making
arrangements for sale/disposal of the same.
The company is said to have good private equity investment in many realty firms in Chennai and Mumbai. It has huge real estate *development plans with Phoenix and the Future Group and holds 40% in Edelweiss Real Estate. It has
acquired SAI Consulting Engineers recently for project execution and also has a stake in a merchant banking outfit. It has distribution strength of over 100 centres across India. *
The audited consolidated gross income of the company and its subsidiaries for FY07 was Rs.45.71 cr. as compared to Rs.28.78 cr. in FY06. The PBT increased to Rs.22.48 cr. as against Rs.20.51 cr. in FY06. But due to an increase in provisioning for tax, PAT was Rs.18.48 cr. as compared to Rs.18.75 cr. in FY06.
In the financial services business, the company earned Rs.14.13 cr. from brokerage and related services. In the Real Estate business it earned Rs.2.56 cr. This includes a fee income of Rs.1.39 cr. earned from project related services.
In the current year, the company has earned Rs.15.59 cr. for H1FY08 against Rs.6.2 cr. in FY06. The outlook of the company is very encouraging and it could report much better results. Investors can take small exposures at every reaction for good long-term growth.
* *Jaihind Projects (Rs.161.75)* installs underground and over the ground pipelines of diameters ranging from 2" to 36". The thickness of the pipes varies from 4mm. to 15 mm. The Company has installed cross country pipelines
for transportation of Oil, Gas & Water in as many as 10 states in India it is also in to corrosion coating, structural fabrication & turnkey projects.
It had a huge backlog was orders worth Rs.214.2 cr. as on FY07, which is 179.4% higher than FY06. It has bid for Rs.200 cr. till date and has L1 status in Rs.72 cr. worth of projects.
Average ticket size has improved to Rs.23.5 cr., from Rs.12.5 cr. in FY06. Shorter execution cycle of 8-12 months and increasing ticket size will boost the revenue profitability of the company in coming years.
The company has been awarded order of Rs.14.85 cr. from Maharashtra Natural Gas Ltd. for CNG & City Gas Distribution Project at Pune.
The company has decided to issue 10,00,000 equity shares of Rs.10 each at a premium of Rs.140 per share on preferential basis as per SEBI guidelines. This will help the company bid for bigger projects to the tune of around
Rs.1500 cr. or so.
The company has already reported very encouraging results for H1FY08 as sales went up to Rs.52 cr. against Rs.37 cr. while net profit shot up to Rs.2.67 cr. against loss of Rs.86 lakh.
There are indications that the company will do very well in coming years and will benefit by its low equity base. Mutual funds are showing a keen interest in the company. As per informed sources, there will be more placement of shares at Rs.250/300 level over the next few months.
We recommended this stock at Rs.37 level onwards in this column. Investors holding it from lower levels can expect good growth over the next one year. Stay invested and add on reactions.
kukku
Vijay Chiarra, a Chartered Accountant and Bachelor in General Law with over 18 years of experience in the Real Estate and Financial Markets is the chairman. He is on the Board of several reputed companies including Marketa
Arts Ltd., Sideband Cinevision Ltd., Whistling Woods International Ltd., MC Projects Ltd., etc.
Real Estate Finance and Development is a fund based activity that involves purchase of property & development rights for residential/ commercial purposes either solely or jointly in partnership with the Owners/builders/ investors. The property is then developed in accordance with the plan approved by the statutory authorities' viz., local municipal bodies etc. The developed property is then sold at various stages of completion in whole or in parts at the prevailing market rates.
Project Management and *Investments* is also a fund based activity. It involves identifying the property for development/ restructuring, syndicating all resources required for executing the project and finally making
arrangements for sale/disposal of the same.
The company is said to have good private equity investment in many realty firms in Chennai and Mumbai. It has huge real estate *development plans with Phoenix and the Future Group and holds 40% in Edelweiss Real Estate. It has
acquired SAI Consulting Engineers recently for project execution and also has a stake in a merchant banking outfit. It has distribution strength of over 100 centres across India. *
The audited consolidated gross income of the company and its subsidiaries for FY07 was Rs.45.71 cr. as compared to Rs.28.78 cr. in FY06. The PBT increased to Rs.22.48 cr. as against Rs.20.51 cr. in FY06. But due to an increase in provisioning for tax, PAT was Rs.18.48 cr. as compared to Rs.18.75 cr. in FY06.
In the financial services business, the company earned Rs.14.13 cr. from brokerage and related services. In the Real Estate business it earned Rs.2.56 cr. This includes a fee income of Rs.1.39 cr. earned from project related services.
In the current year, the company has earned Rs.15.59 cr. for H1FY08 against Rs.6.2 cr. in FY06. The outlook of the company is very encouraging and it could report much better results. Investors can take small exposures at every reaction for good long-term growth.
* *Jaihind Projects (Rs.161.75)* installs underground and over the ground pipelines of diameters ranging from 2" to 36". The thickness of the pipes varies from 4mm. to 15 mm. The Company has installed cross country pipelines
for transportation of Oil, Gas & Water in as many as 10 states in India it is also in to corrosion coating, structural fabrication & turnkey projects.
It had a huge backlog was orders worth Rs.214.2 cr. as on FY07, which is 179.4% higher than FY06. It has bid for Rs.200 cr. till date and has L1 status in Rs.72 cr. worth of projects.
Average ticket size has improved to Rs.23.5 cr., from Rs.12.5 cr. in FY06. Shorter execution cycle of 8-12 months and increasing ticket size will boost the revenue profitability of the company in coming years.
The company has been awarded order of Rs.14.85 cr. from Maharashtra Natural Gas Ltd. for CNG & City Gas Distribution Project at Pune.
The company has decided to issue 10,00,000 equity shares of Rs.10 each at a premium of Rs.140 per share on preferential basis as per SEBI guidelines. This will help the company bid for bigger projects to the tune of around
Rs.1500 cr. or so.
The company has already reported very encouraging results for H1FY08 as sales went up to Rs.52 cr. against Rs.37 cr. while net profit shot up to Rs.2.67 cr. against loss of Rs.86 lakh.
There are indications that the company will do very well in coming years and will benefit by its low equity base. Mutual funds are showing a keen interest in the company. As per informed sources, there will be more placement of shares at Rs.250/300 level over the next few months.
We recommended this stock at Rs.37 level onwards in this column. Investors holding it from lower levels can expect good growth over the next one year. Stay invested and add on reactions.
kukku