Monday, October 5, 2009

BINANI CEMENTS:EXPANDED HIS CAPICITY


Hello Mahesh please provided the analysis of binani cement- (respected asker want do not disclose his name on blog)

1. Binani cement is a 10 rupees face value share with very high equity capital of 203.1 million (I like less equity capital shares because I think that if less quantity of share is available in market than price is up fast as per demand and supply concept and a low equity capital company have chance to take over by other company.).
2. Book value of binani cement is 23.5
3. Debt/equity ratio of binani cement is 1.63, which is mildly high because in my view less than 1 debt/equity ratio is normal and good.
4. Promoter holding of binani cement is 64.90 percent is good.
5. Finally I leave in pindwara distt sirohi where binani cement plant is situated so I knew personally that company expanded his capacity and also establish a power plant and there are good lime stone availability and good management also.
6. Rajasthan government exposes a huge land tax on company and the company challenged land tax matter in court.
7. Fundamentally company is good and I also want to invest this company but current price is so high so I wait for correction in market.

THIS ANALYSIS IS MAHESH CHANDER KAUSHIK OPINION ONLY NOT A PROFESSIONAL ADVICE SO READ DISCLAIMER BEFORE TAKE ANY ACTION.
SENT YOUR SHARE QUERY TO mckaushik00@yahoo.co.in FOR A FREE ANALYSIS ON THIS BLOG.
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