FinGad is a Place to Review Strategies With Fellow Investors
Not a member yet?
Not a member yet?
|
rajiv's review
Investment Sector: Emerging Markets Submitted by Rajiv 
, An Investor...
at Bank Of Baroda....migrating to USA
3 months ago Add Tag |
Madhucon Project...cmp 298..
[ Login to Propose An Edit ]
Madhucon Project is a cash reach co.
It has a hefty reserve of Rs 507 cr on an eq base of just 7 cr…..just calculate the BV!
They have hefty orders of over 2000 cr.
52 week high was Rs 869 and low is Rs.268….
Np increased from 9.2 cr to 14 cr.
Madhucon Proj has interest in
1)High Way projects
2)Water Supply
3)Express Highway and Toll Roads
4)Infrastructure
5)Property Development
6)Sewage Terminal Engineering
7)Irrigation
8)Railway Projects
Expertise in project management,Design and engineering,Project execution and const management….
Moreover the Infra project arm is getting demerge from Madhucon project.
Madhucon Projects Limited
Madhucon Projects Limited (MPL) is a profit making listed Public Limited Company engaged in execution of Infrastructure Projects, such as construction of National Highways, Fly-Overs, Dams, Tunnels, Aquaducts, Bridges, Coal Handling Plants, Workshops Property Development Projects including High Rise structures, Hospitality and retail industry structures etc. & enjoying substantial non-fund based limits in the form of Bank Guarantees with Banks under Multiple Banking arrangements.
Madhucon Sugars Limited
Madhcon acquired a loss-making and sick sugar factory in the co-operative sector at Khammam and turned it to a profit making company. Madhucon Sugars Limited's (MSL) present crushing capacity is 1500 TPD, which is being augmented to 5000 TPD in stages. The sugar factory is adding an Ethanol Distillery also, apart from setting up a 22MW Cogen Plant for producing power, using bagasse as the main fuel.
Simhapuri Energy Limited
Madhucon is setting up a coal based Thermal power plant of 50MW at krishnapatnam in Andhra pradesh in two phases. In the first phase, generating capacity of 135MW in will be commissioned and in December 2009 and 135MW in March 2010. Power purchases Agreement (PPA) and coal linkage have been tied up with power Trading Corporation of India. The fuel coal for our power plant is met from our own mines in Indonesia.
PT Madhucon Indonesia
Madhucon has started open cast coal mining in Indonesia on a 100 acres site initially. We expect to mine about 3 lakh tonnes production by December 2007. The coal has higher calorific value and less ash content compared to domestic coal.
Madhucon Granites Ltd
Madhucon Granites Ltd(MGL) has an experience of over 16 years in the business of quarrying dimensional granite blocks and production of polished slabs catering to the needs of international markets, the world over. It has earned a name for quality, dependability and competitiveness in the international market for its products with a wide variety of colours and shades. MGL established its first 100% EOU in 1988, in the granite rich region of Khammam District in Andhra Pradesh.
The factory at Khammam processes a wide variety of intricately patterned monuments in various shades of Black, Black Galaxy, Vizag Blue, Paradise,etc. crafted by skilled artisans.
MGL has a reputation for excellence in terms of quality of products and timely delivery of shipments, catering to the varied needs of the customers, the world over.
MGL has a very sophisticated Processing Plant spread over 12.5 acres near Hosur on Bangalore - Chennai Highway. The-state-of-the-art facility is an epitome of excellence in design and work flow methods - equipped with Avant-Garde processing know-how from Germany and France.This Plant envisages an annual production of 7,00,000 sq. meters finished slabs of 2-4 Cms thickness and in sizes ranging from 2.60 x 1.20 to 3.40 x 2.10 meters.
Madhucon Granites owns quarries spanning over 2250 acres of land having abundant Granite deposits in the States of Andhra Pradesh, Tamil Nadu, Karnataka, Orissa and Madhya Pradesh in India. The jewel of the crown is the world famous Black Galaxy quarries in Chimakurthy area of Prakasam District of Andhra Pradesh, which alone produces about 1000 CBM of rough blocks every month.
MGL has to its credit an exquisite variety of fine Granite-earthy stones to soft corals and greens. The range displays rare varieties of textural beauty and shades such as - Steel Grey, Absolute Black, Vizag Blue, Ilkal Rose, White Galaxy, Himalayan Blue, Kashmir White, Paradise, Red Multi, Imperial Green, Seaweed Green, Tan Brown, Salem Blue, Madhura Gold, Kashmir Gold, Columbo Jupurana and Lady Dream.
MGL has its presence felt in USA, UK, Japan, Germany, France, Italy, Belgium, Holland, Middle East and Australia. MGL is developing its own distribution network in USA, Middle East, Australia and other countries. MGL has warehouses in Dubai, Australia, Indonesia & USA.
(International footing co going so cheap?)
My comments:
A company having a hefty reserve of Rs 507 cr on and eq base of just 7 cr and with so many subsidiaries and interest in almost all field needs a better valuation and one should buy this at the CMP of 298.
It is a Bonus candidate too…….
Madhucon Proj can give even 5 bonus shares for every 1 share held that much reserve it has got and still one can see no dent in it’s reserve…as it can eat only 35 cr from the reserve.This is just my view and no inside info about Bonus….
The orders are pilling up and will keep on going up.I see no problem in executing them as they have enough reserve to take care of any project to get executed.With 500 cr reserve on a tiny eq base of 7 cr any bank can open a credit for them……
According to the latest annoucement at bse ,Madhucon Project has won EPC contracts of Rs 989 cr for Thermal Power plant at Ksrihnapatnam South , Nellore dist,AP.....These are the things to come in future....
A single contract of Rs 989 cr speaks the capacity of this small co...which is in process of becoming a Goliath.....
Take your own decision……
It has a hefty reserve of Rs 507 cr on an eq base of just 7 cr…..just calculate the BV!
They have hefty orders of over 2000 cr.
52 week high was Rs 869 and low is Rs.268….
Np increased from 9.2 cr to 14 cr.
Madhucon Proj has interest in
1)High Way projects
2)Water Supply
3)Express Highway and Toll Roads
4)Infrastructure
5)Property Development
6)Sewage Terminal Engineering
7)Irrigation
8)Railway Projects
Expertise in project management,Design and engineering,Project execution and const management….
Moreover the Infra project arm is getting demerge from Madhucon project.
Madhucon Projects Limited
Madhucon Projects Limited (MPL) is a profit making listed Public Limited Company engaged in execution of Infrastructure Projects, such as construction of National Highways, Fly-Overs, Dams, Tunnels, Aquaducts, Bridges, Coal Handling Plants, Workshops Property Development Projects including High Rise structures, Hospitality and retail industry structures etc. & enjoying substantial non-fund based limits in the form of Bank Guarantees with Banks under Multiple Banking arrangements.
Madhucon Sugars Limited
Madhcon acquired a loss-making and sick sugar factory in the co-operative sector at Khammam and turned it to a profit making company. Madhucon Sugars Limited's (MSL) present crushing capacity is 1500 TPD, which is being augmented to 5000 TPD in stages. The sugar factory is adding an Ethanol Distillery also, apart from setting up a 22MW Cogen Plant for producing power, using bagasse as the main fuel.
Simhapuri Energy Limited
Madhucon is setting up a coal based Thermal power plant of 50MW at krishnapatnam in Andhra pradesh in two phases. In the first phase, generating capacity of 135MW in will be commissioned and in December 2009 and 135MW in March 2010. Power purchases Agreement (PPA) and coal linkage have been tied up with power Trading Corporation of India. The fuel coal for our power plant is met from our own mines in Indonesia.
PT Madhucon Indonesia
Madhucon has started open cast coal mining in Indonesia on a 100 acres site initially. We expect to mine about 3 lakh tonnes production by December 2007. The coal has higher calorific value and less ash content compared to domestic coal.
Madhucon Granites Ltd
Madhucon Granites Ltd(MGL) has an experience of over 16 years in the business of quarrying dimensional granite blocks and production of polished slabs catering to the needs of international markets, the world over. It has earned a name for quality, dependability and competitiveness in the international market for its products with a wide variety of colours and shades. MGL established its first 100% EOU in 1988, in the granite rich region of Khammam District in Andhra Pradesh.
The factory at Khammam processes a wide variety of intricately patterned monuments in various shades of Black, Black Galaxy, Vizag Blue, Paradise,etc. crafted by skilled artisans.
MGL has a reputation for excellence in terms of quality of products and timely delivery of shipments, catering to the varied needs of the customers, the world over.
MGL has a very sophisticated Processing Plant spread over 12.5 acres near Hosur on Bangalore - Chennai Highway. The-state-of-the-art facility is an epitome of excellence in design and work flow methods - equipped with Avant-Garde processing know-how from Germany and France.This Plant envisages an annual production of 7,00,000 sq. meters finished slabs of 2-4 Cms thickness and in sizes ranging from 2.60 x 1.20 to 3.40 x 2.10 meters.
Madhucon Granites owns quarries spanning over 2250 acres of land having abundant Granite deposits in the States of Andhra Pradesh, Tamil Nadu, Karnataka, Orissa and Madhya Pradesh in India. The jewel of the crown is the world famous Black Galaxy quarries in Chimakurthy area of Prakasam District of Andhra Pradesh, which alone produces about 1000 CBM of rough blocks every month.
MGL has to its credit an exquisite variety of fine Granite-earthy stones to soft corals and greens. The range displays rare varieties of textural beauty and shades such as - Steel Grey, Absolute Black, Vizag Blue, Ilkal Rose, White Galaxy, Himalayan Blue, Kashmir White, Paradise, Red Multi, Imperial Green, Seaweed Green, Tan Brown, Salem Blue, Madhura Gold, Kashmir Gold, Columbo Jupurana and Lady Dream.
MGL has its presence felt in USA, UK, Japan, Germany, France, Italy, Belgium, Holland, Middle East and Australia. MGL is developing its own distribution network in USA, Middle East, Australia and other countries. MGL has warehouses in Dubai, Australia, Indonesia & USA.
(International footing co going so cheap?)
My comments:
A company having a hefty reserve of Rs 507 cr on and eq base of just 7 cr and with so many subsidiaries and interest in almost all field needs a better valuation and one should buy this at the CMP of 298.
It is a Bonus candidate too…….
Madhucon Proj can give even 5 bonus shares for every 1 share held that much reserve it has got and still one can see no dent in it’s reserve…as it can eat only 35 cr from the reserve.This is just my view and no inside info about Bonus….
The orders are pilling up and will keep on going up.I see no problem in executing them as they have enough reserve to take care of any project to get executed.With 500 cr reserve on a tiny eq base of 7 cr any bank can open a credit for them……
According to the latest annoucement at bse ,Madhucon Project has won EPC contracts of Rs 989 cr for Thermal Power plant at Ksrihnapatnam South , Nellore dist,AP.....These are the things to come in future....
A single contract of Rs 989 cr speaks the capacity of this small co...which is in process of becoming a Goliath.....
Take your own decision……
Did you find this article useful?
Add Review to: 
