Results are out . Sales up 22% from 3.38 Cr of Q2 LY to 4.11 Crs this year.Co seems to be investing for the metro project scheduled for completion by Sep 2017 .EPS 0.1 vs 0.14 .
- Long term Borrowings increased to 14.17 Cr in Sep vs 7.72 Cr in Mar.
- Short term Borrowings increased to 5.48 Cr in Sep vs 1.65 Cr in Mar
- Trade Payables has decreased to 3.39 Cr in Sep vs 11.85 Cr in Mar
- Inventory moved up to 10.48 Cr in Sep vs 7.24 Cr in Mar
- Drs has come down to 11.14 Cr in Sep vs 13.44 Cr in Mar
- Cash in hand 4.7 Cr in Sep vs 8 Lac in March
Balance Sheet Size at 28 Crs (Rs.46 per share ) . Cash in hand equals current m’cap ! Land with current market value between 30-60 crs not priced in.
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