HELLO, TODAY I WANT TO DISCUSS SOME STOCKS THAT ARE COMPLETELY AVOIDED BY ALL BUT THEY ARE GOOD TURNAROUND PLAYS.
POWER SECTOR
WE ALL KNOW ABOUT THE PROBLEMS BUT THERE ARE SOME HIDDEN GEMS.
RATTANINDIA POWER
BY DEC,15 WILL HAVE 2700 Mw CAPACITY. PUTTING HUGE LOSSES SINCE LAST FEW QUARTERS BECAUSE AMRAVATI PLANT COMMISIONING IN Q4FY15 BUT RECIEVED COAL BY TRAIN IN LAST DAYS OF PREVIOUS QUATERS.
HAVE GOOD PPA WITH MAHGENCO AND FSA WITH CIL. IT ALSO GOT RS 1.55 AS COMPENSATORY TRAFFIF FOR IMPORTED COAL.
LIKELY TO BE PROFITABLE IN 1-2 QUARTERS.
XPANSION IS NOT A ISSUE BECAUSE IT HAS LAND AND CLEARANCES TO DOUBLE THE CAPACITY TO 5400Mw.
KSK ENERGY VENTURES
KSK HAS THE INDUSTRY MOST ENVIABLE PPAs OF MORE THAN Rs 5 WITH MOST GENCOs FOR ITS MAHANADI PLANT. WILL BE PROFITABLE IN 1 YEAR. ALSO ITS WARDHA POWER PLANT OPEN ACCESS ISSUE IS LIKELY TO BE SOLVED BY 2016E
IT WILL BE ONE OF THE LARGEST POWER PRODUCERS IN THE COUNTRY.
RPOWER: SENSIBLE PRODUCER
MOST OF THE CAPEX IS OVER.
HAS THREE MAJOR PLANTS. ROSA(1200 Mw) AND BUTIBORI(600 Mw) HAVE COST PLUS PPA AND SASAN IS A INTEGRATED PLANT. CONTINUOUSLY PROFITABLE. ALSO LEFT 2 UMPP DUE TO LOW PROFITABILITY.
SAMALKOT PLANT IS THE BIGGEST DRAG AS 8000Cr EQUIPMENTS ARE LYING IDEAL AND THAT IS ALL QUITY. NOW THESE EQUIPMENTS WILL B SHIFTED O BNGLADESH FOR A NEW POWER PLANTS.
GOOD PLAY FOR 1-2 YEARS AS TURNAROUND IS NEAR.
REALTY SECTOR
ANANT RAJ INDUSTRIES- MINI DLF
DELHI/NCR FOCUSED PLAYER HAS ONE OF THE LOWEST GEARING OF 0.2. ALSO HAVE THE RENT GENERATING PROPERTIES THAT CURRENTLY GNERATE Rs 100 Cr RENT BUT AT PEAK OCCUPANCY WILL LIKELY TO GENERATE Rs 275 Cr RENT.
ALSO MANESAR SEZ HAS A OCCUPANCY OF JUST 40% THAT IS SEENG RAPID DEVELOPEMENT CONSIDERING THAT GURGAON HAS TURNED EXPENSIVE.
HAS Rs1000 CR DEBT BUT HAS 500 Acre PRIME LAND IN DELHI THIS INCLUDE A 2 ACRE PLOT ON BHAGWN DAS ROAD WORTH 1000 crore AND 2 Acre IN HAUZ KHAS WORTH 800 Cr.ALSO A 131 Acre PROJECT IN GURGAON IS CURRENTLY UNDERWAY.
DB REALTY: MINI OBERIO REALTY
IN NEWS DUE TO 2G CASE.
HAS LOWEST DEBT OF 362 Cr. PROJECTS AT MAHALAKSHMI, MARINA AND BKC AR CURRENTLY UNDERWAY. MAHALAKSHMI PROJECT IS ALONE WORTH 7000CR AT 50% DISCOUNT TO CURRENT PRICE. IT ALSO HAVE 1000cr BOOKING AMOUNT WITH IT. CAN GIVE HANDSOME RETURNS AS THE MARKET TURN AROUND. IT HAS ALSO RECIEVED ALL THE NECESSARY CLEARANCES AND A FCA INCREASE.
REFINING AND PETROCHEMICALS
MRPL: MINI RIL
MRPL IS 71% OWNED BY ONGC. LATEST EXPANSION IS COMPLETE INCREASING ITS CAPACITY TO 3lbpd OR 15 Mtpa. THSI INCREASE COMPLETITY OF REFINERY TO 9.8 ALSO A PROPLYLENE UNIT IS ADDED.
RECENTLY ONGC APPROVED MERGER OF OMPL UNIT WITH IT THAT IS A PETROCHEMICAL UNIT THUS MAKING IT A INTEGRATED REFINER.
FUTURE LOOKS GOOD AND IT IS AVAILABLE FOR A CHEAP PRICES. ALSO KOCHI MANGALORE PIPELINE IS UNDERWAY THAT WILL REDUCE RAW MATERIAL COSTS.
GNFC
ONE OF THE MOST PROFITABLE AND CONSISTENT CHMICAL PRODUCER. commisioned a tdi plant in q2 fy14. but in december 14 there a major fire. THEN DUE TO THIS THE DAHEJ PLANT POST LOSSES OF MORE THAN 800Cr INCLUDING 330Cr WRITEOFF. BUT KNOW IT IS BOUGHT BACK ONSTREAM IN JANUARY 2015. AND ITS PERFORMANCE IS ALSO INCREASED.
CAN BE A MULTIBEGGR.
VEIWS ARE INVITED
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