I have recommended YUKEN INDIA @ Rs.140/- in March 2010 (Old Report can be accessed HERE) .Company came out with its ever best numbers in September quarter with a turnover of Rs.38 Cr(Rs.26 Cr) and a net profit of Rs.3.24 Cr (Rs.1.74 Cr) .Half year EPS is Rs.15.25 v/s Rs.4.93. .It is expected to close the FY with an EPS about Rs.35 + .Currently it is trading @ Rs.292/- .Long term investors can still HOLD it .
Showing posts with label Yuken India. Show all posts
Showing posts with label Yuken India. Show all posts
Monday, 25 October 2010
Saturday, 24 July 2010
YUKEN INDIA - RESULT UPDATE
Posted on 22:27 by Unknown
Yuken India is one of our favorite stock which we recommended twice @ Rs.140/- and @ Rs.160/- in the past .Currently it is quoting around Rs.235/-.Company declared its first qtr result on Saturday. Below is the comparative figures with last year same qtr:
JUNE QTR 2010 JUNE QTR 2009
TURNOVER 28.73 Cr 17.22 Cr
NET PROFIT 1.34 Cr LOSS OF 28 Lakhs
EPS Rs.4.47 /- - .87
Company's sales and profitability showing seasonal variations and historically June qtr is one of the weak qtr for the company .Even in such a qtr company performed well and raw material prices are stabilized now.Moreover company is planning a capex of Rs.15 Cr in near future to increase capacity and modernisation .The entire funding will be through internal accruals and loans.Considering all these facts ,better days are expected ahead and one can HOLD it.
JUNE QTR 2010 JUNE QTR 2009
TURNOVER 28.73 Cr 17.22 Cr
NET PROFIT 1.34 Cr LOSS OF 28 Lakhs
EPS Rs.4.47 /- - .87
Company's sales and profitability showing seasonal variations and historically June qtr is one of the weak qtr for the company .Even in such a qtr company performed well and raw material prices are stabilized now.Moreover company is planning a capex of Rs.15 Cr in near future to increase capacity and modernisation .The entire funding will be through internal accruals and loans.Considering all these facts ,better days are expected ahead and one can HOLD it.
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