1. Gremach Infrastructure Equipments & Projects Ltd :neutral view

sir, give your view on gremach infra ask by -chiru tummalapalli

1.Gremach Infrastructure Equipments & Projects Ltd promoters hold 50.60 percent stake
2.FII hold 23.32 percent and individual hold only 16.87 percent stake is a good sign .
3.Gremach Infra is a 10 rupees face value share and traded at 34 in 4 sep 2009
4.Gremach Infra net profit down in June 09 is 45.47 million against in June 08 121.31 million so I think price down in this share due to down of profit.
5.book value of gremach infra on march 08 is 75.79
6.but this is a high debt company and debt/equity ratio on march 08 is 2.72 very high we do not like share which debt/equity is greater than 1.5
so take your decision on the basis of above points we are neutral view in this share because high debt but no pledged share