Wednesday, September 9, 2009

Tilak nagar industry : COOL DOWN STORY AFTER BONUS


Please give your opinion about tilak nagar industry- ask by shri nisu katiyar from mail.
1. Tilak nagar industries give bonus 2:1 at 03.09.2009 and we think effect of bonus is only psychological because after bonus, EPS of share is diluted and company price adjusted as per bonus.
2. Tilak nagar industry is a beverages alcoholic distilleries company.
3. Book value of tilak nagar industries is 94. net profit in June quarter is 2.9 million and EPS is 5 in June quarter. (After bonus, this is diluted as 3.33).
4. Tilak nagar industries debt/equity ratio is 2.48 means high debt company.
5. Promoter holdings in tilak nagar industries is 54.59 percent (in my formula more than 50 percent promoter holding is good)
6. But I think bonus story of this company is cooled down after bonus and those who have avail bonus share try to sell there bonus share so in short term we do not see any big run in this company.
THIS ANALYSIS IS MAHESH CHANDER KAUSHIK OPINION ONLY NOT A PROFESSIONAL ADVICE SO READ DISCLAIMER BEFORE TAKE ANY ACTION.

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