Stock Picking - Art Or Science

If there is one Legal way to Become Rich early, it is by Investing in Stocks and Real Estate. In this Blog you will not see general news which are available at numerous sites, instead u will get filtered news and opinions which matter. Many a times some small but important news were overlooked because of simultaneous big event, I try to put all those news in my Blog. The Home Page shows posts of only last 10 days. To see all the posts click on the month in the Archive section.

Thursday, November 02, 2006

Ratnamani Metals - Piping Dreams

Ratnamani Metals & Tubes Ltd Q2 Sales At Rs.143.51 Crores, Up 90.45%

Ahmedabad based RATNAMANI METALS & TUBES LTD., an Engineering Company into manufacture of speciality tubes and pipes in Carbon Steel as well as Stainless Steel has reported a very strong and solid performance for the 2nd quarter of 2006-07. Net Sales / Income from operations at Rs.143.51 crores is higher by 90.45% compared to the figures of the 2nd quarter of the previous year.

Profit before Tax at Rs.25.13 crores is up by 137.24% and Net Profit at Rs.16.77 crores is also up by 140% compared to the figures of the 2nd quarter of the previous year. EPS on an equity base of Rs.9 crore is very healthy at Rs.18.64. Exports at Rs.80.80 crores are also higher by 363% as compared to the 2nd quarter of the previous year.

It has been reported by the Company that the outlook remains very strong from the major markets namely Refinery, Petrochemicals, LNG, Capital Goods Industry and Power Plants. At present the Company is carrying an order book position of Rs.378 crores including export orders / orders for SEZ equivalent to Rs.212 crores.

0 Comments:

DISCLAIMER

This Document is subject to changes without prior notice and is intended only for the person or entity to which it is addressed to and may contain confidential and/or privileged material and is not for any type of circulation. Any review, retransmission, or any other use is prohibited. Kindly note that this document does not constitute an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction.

The information contained herein is from publicly available data or other sources believed to be reliable. While I would endeavour to update the information herein on reasonable basis, I am under no obligation to update or keep the information current. Also, there may be regulatory, compliance, or other reasons that may prevent me from doing so. I do not represent that information contained herein is accurate or complete and it should not be relied upon as such. This document is prepared for assistance only and is not intended to be and must not alone betaken as the basis for an investment decision. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document (including the merits and risks involved), and should consult its own advisors to determine the merits and risks of such an investment. The investment discussed or views expressed may not be suitable for all investors. I do not undertake to advise you as to any change of my views. I may have issued other reports that are inconsistent with and reach different conclusion from the information presented in this report. This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation or which would subject me to any registration or licensing requirement within such jurisdiction. The securities described herein may or may not be eligible for sale in all jurisdictions or to certain category of investors. Persons in whose possession this document may come are required to inform themselves of and to observe such restriction. I may have used the information set forth herein before publication and may have positions in, may from time to time purchase or sell or may be materially interested in any of the securities mentioned or related securities. I may from time to time solicit from, or perform investment banking, or other services for, any company mentioned herein. Without limiting any of the foregoing, in no event shall I or any third party involved in, or related to, computing or compiling the information have any liability for any damages of any kind.