Hi,

I just had a look on SCI last 3 Qtr numbers. Its seems company has turned around & its Achhe Din has arrived .Company has started making good profits now Debt has also reduced with bumper increase in PAT since last 2-3 Qtrs. This company has a record of very good Dividend payout in the year FY2006 to FY 2011, when it was making profits. So dividend of 3-4 Rs cannot be ruled out in FY16, which will make it a 5-6% Div yeild stock at CMP. Considering the low Oil Prices & possibility of Dividend this year,I think this company can give very good returns in next 2-3 Qtrs. PFA the Qtry Data for everybody's refrence. Technicals also looking very strong. Other's valuable views are welcome.Thanks.

Disclosure-: Invested

SCI DATA.pdf (36.1 KB)

This is very much positive for the company and it will surely will have material impact on the financials going forward.

Hi anurag

share your feedback from AGM

Guys just read the IndiaNivesh update on company post meeting management. Here are some tit-bits

Excavation work for IT Building 4 is expected to commence in Q2FY16 with approvals in place. The total capital expenditure of Rs3bn over FY16-18E is planned. In FY15 the company invested Rs990mn and bought additional FSI of ~0.63 mn sq. ft. With this addition the total built]up area for IT Building 4 will be 1.76 mn sq. ft. The company also has
ambitious plans for IT Building1 & 2 but waits for the change of Development Plan for taking advantage of additional FSI for IT/ITES sector.

In FY15, the segments delivered 10% y/y revenue de-growth and contributed 38.5% to the overall revenue. The segment witnessed decrease in revenue in FY15 due to few cancellations and underutilization of space. However, BEC has witnessed a CAGR growth of ~28% in the past ten years on back of its location advantage [~0.45 mn sq. ft. of space combined with attractive offering]. As a result, BEC has been able to increase its monthly rental to Rs 159/per sq. ft (FY15) from Rs. 27/per sq. ft (in FY06).

With increasing utilization, Nesco initiated the process to expand the halls area from 0.45 mnsqft to 1.00 mnsqft However, management would wait for new development plan (DP), which will increase the FSI to 4 (v/s existing FSI of 2). In that case, the company will be able to make 1.5 mn sq. ft. of Exhibition Area (v/s 1.00 mn sq. ft. planned). The capex requirement of this project should be in the range of Rs 5.5-6.0 bn over next five years. However, this
assumption is completely based on the government approvals.

Indabrator(Capital Goods Division) is leading manufacturer, supplier and exporter of surface preparation equipment’s, providing services to various Indian industries; mainly Foundries, Forging plants, Automotive industries, Indian railways, Defence organizations, Heavy engineering industries, Ship building industries, Chemical & petrochemical industries etc. Although since past two years Indabrator was generating loss on account of economic slowdown. In Q1FY16, segment reported 141% y/y growth in revenues (to Rs 73 mn) & PBIT margin were 11% of segment revenue at Rs 8 mn (v/s loss of Rs3.2 mn in Q1FY15). The management expects 20% y/y revenue growth for industrial division in FY16.

Disclosure: Invested

I have been studying Sugar in international markets since 2007s.... I have seen 15cents go to 35 cents within months and back down to 10-13 cents range over last 7-8 years.

I am very tempted to call a bottom in Sugar here around 10-13 cents....could see a good upside push towards 20-25 cents by 2016 end.

Its a gut based on a long study of the cycle.

Cheers
Neil