Hello Anupam,
I am positive on NMDC and eClerx as good quality, long-term investment. For NMDC, it takes some bravery to have bought it / averaged down.
.-ve’s
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Its cyclical. Iron-ore prices / over-production / china down issues.
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Management may not use capital aptly. Just as an eg: the steel mill venture may not turn out well.
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Naxal security issues at their main mine at ‘Bailadila’
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Quarterly profits are down, almost half they were 12 months back.
+ves
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Company management is giving out positive noises; regarding improving railway lines / a slurry pipeline. (Transportation from interior regions may become cheaper.) Increasing production.
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Company is still profitable. Has a good ROCE. Has an additional ‘other income’ of about 500 Cr each quarter (Sept 2015), due to cash reserves in hand.
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Company is at around book value and 6-7 P/E. Pays good dividends.
Ref: https://www.screener.in/company/NMDC/
For eClerx, you could refer http://forum.valuepickr.com/t/eclerx-cmp-656/253/37
Not following others except SBI.
Regards,
S
Disc: Pf holding ~10% each in NMDC and eClerx
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