Ester Industries produces PET films & Engineering plastic, whereindemand and realizations are moving northwards in recent past. Company's utilization levels are more than 100% for PET film andlooking to realization trend in last 6 months, this division will be a big money spinner for now.
The company is also doubling the capacity of PET Films, which may be commissioned by the end of calendar year 2010. Engg Plastic division which caters to Automobile, Engg & Electrical segments is also doing well.
Over 80% revenues come from PET films, where realizations are very strong since April'10. Per Kg prices have moved up from around Rs.100 in March'10 to Rs 140 in June'10. Fortunately PTA & MEG prices are more or less stable, so whole incremental revenues will add to the profits. Thus June Qtr will be much better then March'10; plus next i.e. Sept Qtr will be much much better; for not only this company, but for the whole industry.
Most of the sales are to the domestic markets [80%%], catering to flexible packaging segment which in turn depends upon FMCG sector where demand is strong at 20‐22% [and least affected by any slowdown], rest is exported.
Company is also having large metalizing facility which adds valueto basic PET films. It is also developing and commercializing someother value added products of PET films. Company has innovated unique cost cutting measures like – using Biomass based fluid heaters, which can also generate some CERs for the Co.
Recommendation
With stable input prices and sustained strength in realizations, the margins are improving for biggest division PET Films. Even Engg plastic division is experiencing good demand and healthy margins.FY'11 EPS estimates are over Rs 10, while FY'12 EPS could spurt[due to commissioning of fresh 27,000 MTs PET Film capacitybefore end of 2010] to around Rs 20/‐.
Sensex
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Wednesday, August 04, 2010
Fwd: Ester Industries-BUY
Sunteck Realty - Board to consider Final Dividend
Sunteck Realty Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 12, 2010, inter alia, to consider :
1. Audited Financial results of the Company for the year ended on March 31, 2010. ...
Ballarpur Inds - Board to consider Dividend
Ballarpur Industries Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 19, 2010 inter-alia for consideration and approval of the Audited Annual Accounts of the Company for the financial year ended June 30, 2010 and recommendation of Dividend on equity shares, if any.
Nitin Fire - Board to consider Stock Split
Nitin Fire Protection Industries Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 13, 2010, inter alia, to consider and approve following Business:
1. Fund raising through various means like Qualified Institutions Placement to Qualified Institutional Buyers, Preferential Allotment / Right ...
EXCEL INFO - Board recommends Dividend
Excel Infoways Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 04, 2010, inter alia, has considered and approved the following:
1. Recommendation of dividend @ Rs. 1/- per share on 2,11,68,779 equity shares of Rs. ...
Sunteck Realty Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 12, 2010, inter alia, to consider :
1. Audited Financial results of the Company for the year ended on March 31, 2010. ...
Ballarpur Inds - Board to consider Dividend
Ballarpur Industries Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 19, 2010 inter-alia for consideration and approval of the Audited Annual Accounts of the Company for the financial year ended June 30, 2010 and recommendation of Dividend on equity shares, if any.
Nitin Fire - Board to consider Stock Split
Nitin Fire Protection Industries Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 13, 2010, inter alia, to consider and approve following Business:
1. Fund raising through various means like Qualified Institutions Placement to Qualified Institutional Buyers, Preferential Allotment / Right ...
EXCEL INFO - Board recommends Dividend
Excel Infoways Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 04, 2010, inter alia, has considered and approved the following:
1. Recommendation of dividend @ Rs. 1/- per share on 2,11,68,779 equity shares of Rs. ...
Fwd: [Technical-Investor] Fw: Introduction of three Capital Market related courses
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Vardhman Inds - Board to consider Dividend
Vardhman Industries Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 10, 2010, inter alia, to consider the Audited Annual Accounts for the financial year ended March 31, 2010 and to recommend dividend, if any, for the financial year 2009-10.
Wipro - Equity Shareholders & Creditors approves Scheme of Amalgamation
Wipro Ltd has informed BSE that, pursuant to order dated June 15, 2010, the Hon'ble High Court of Karnataka had directed meeting of the shareholders to be held on July 22, 2010 and meeting of the creditors to be held on July 30, 2010. The meetings were held as scheduled and the Scheme of Amalgamation of Wipro Yardley Consumer Care Pvt. Ltd with the Company were duly approved by the shareholders and creditors.
Shivalik Bimet - Board to consider Final Dividend
Shivalik Bimetal Controls Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 17, 2010, inter alia, to consider and approve the Audited Financial Results for the financial year ended March 31, 2010, to consider / recommend final dividend for the financial year ended March 31, 2010 and to fix the date of Annual General Meeting and book closure.
Hindustan Oil - Board to consider Interim Dividend
Hindustan Oil Exploration Company Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 12, 2010, inter alia, to consider and take on record the Unaudited Financial Results (Provisional) of the Company for the 1st Quarter ended on June 30, 2010. Board may also consider and declare interim dividend, if any, for the Financial Year 2010-11.
Diamant Infrastructure - Board to consider Stock Split
Diamant Infrastructure Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 10, 2010, inter alia, to consider following:
1. consider the un-audited Financial Results of the company for the Quarter ended June 30, 2010.
Technocraft - Board recommends Dividend
Technocraft Industries (India) Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 04, 2010, inter alia, has recommended the payment of dividend of Rs. 1.5/- (15%) on equity shares of Rs. 10/- each for the financial year ended March 31, 2010 subject to approval of Equity Shareholders.
Baba Arts - Board to consider Bonus Issue & Dividend
Baba Arts Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 13, 2010, inter alia, to consider the following business:
1. To consider and approve the Audited Financial Results for the Year Ended March 31, 2010.
Core Projects - Board to consider Dividend
Core Projects & Technologies Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 12, 2010, inter alia, to consider and take on record the following:
1. Audited Financial Results for the year ended March 31, 2010.
UV Board - Fixes Record Date for Reduction of Capital (Scheme of Amalgamation)
UV Boards Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 29, 2010, has fixed the Record Date as September 07, 2010 for the purpose of reckoning and determining the list of the Shareholders entitled for the allotment of new shares pursuant to the Scheme of Amalgamation approved by the Hon'ble High Court, Madras.
SAH Petroleums - Board to consider Dividend
Sah Petroleums Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 10, 2010, to consider and take on record the Unaudited Financial Results of the Company for the quarter ended June 30, 2010 and recommendation of dividend for the financial year 2009-10.
SURANATP - Board to consider Dividend
Surana Telecom and Power Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 07, 2010, inter alia, to consider the following:
1. The Audited financial results of the Company for the Financial Year ended March 31st,
Standard Chartered - Updates on Interim Dividend
With reference to earlier announcement regarding 2010 interim results, Standard Chartered PLC has informed BSE as under :
'The announcement is the 2010 interim results for the Company and also confirms the interim dividend of 23.35 US$ cents and a dividend record date of August 13, 2010 {please note the dividend of 23.35 US$ cents is per ordinary share and that ten IDRs represent one ordinary share).
Vardhman Industries Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 10, 2010, inter alia, to consider the Audited Annual Accounts for the financial year ended March 31, 2010 and to recommend dividend, if any, for the financial year 2009-10.
Wipro - Equity Shareholders & Creditors approves Scheme of Amalgamation
Wipro Ltd has informed BSE that, pursuant to order dated June 15, 2010, the Hon'ble High Court of Karnataka had directed meeting of the shareholders to be held on July 22, 2010 and meeting of the creditors to be held on July 30, 2010. The meetings were held as scheduled and the Scheme of Amalgamation of Wipro Yardley Consumer Care Pvt. Ltd with the Company were duly approved by the shareholders and creditors.
Shivalik Bimet - Board to consider Final Dividend
Shivalik Bimetal Controls Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 17, 2010, inter alia, to consider and approve the Audited Financial Results for the financial year ended March 31, 2010, to consider / recommend final dividend for the financial year ended March 31, 2010 and to fix the date of Annual General Meeting and book closure.
Hindustan Oil - Board to consider Interim Dividend
Hindustan Oil Exploration Company Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 12, 2010, inter alia, to consider and take on record the Unaudited Financial Results (Provisional) of the Company for the 1st Quarter ended on June 30, 2010. Board may also consider and declare interim dividend, if any, for the Financial Year 2010-11.
Diamant Infrastructure - Board to consider Stock Split
Diamant Infrastructure Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 10, 2010, inter alia, to consider following:
1. consider the un-audited Financial Results of the company for the Quarter ended June 30, 2010.
Technocraft - Board recommends Dividend
Technocraft Industries (India) Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 04, 2010, inter alia, has recommended the payment of dividend of Rs. 1.5/- (15%) on equity shares of Rs. 10/- each for the financial year ended March 31, 2010 subject to approval of Equity Shareholders.
Baba Arts - Board to consider Bonus Issue & Dividend
Baba Arts Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 13, 2010, inter alia, to consider the following business:
1. To consider and approve the Audited Financial Results for the Year Ended March 31, 2010.
Core Projects - Board to consider Dividend
Core Projects & Technologies Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 12, 2010, inter alia, to consider and take on record the following:
1. Audited Financial Results for the year ended March 31, 2010.
UV Board - Fixes Record Date for Reduction of Capital (Scheme of Amalgamation)
UV Boards Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 29, 2010, has fixed the Record Date as September 07, 2010 for the purpose of reckoning and determining the list of the Shareholders entitled for the allotment of new shares pursuant to the Scheme of Amalgamation approved by the Hon'ble High Court, Madras.
SAH Petroleums - Board to consider Dividend
Sah Petroleums Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 10, 2010, to consider and take on record the Unaudited Financial Results of the Company for the quarter ended June 30, 2010 and recommendation of dividend for the financial year 2009-10.
SURANATP - Board to consider Dividend
Surana Telecom and Power Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 07, 2010, inter alia, to consider the following:
1. The Audited financial results of the Company for the Financial Year ended March 31st,
Standard Chartered - Updates on Interim Dividend
With reference to earlier announcement regarding 2010 interim results, Standard Chartered PLC has informed BSE as under :
'The announcement is the 2010 interim results for the Company and also confirms the interim dividend of 23.35 US$ cents and a dividend record date of August 13, 2010 {please note the dividend of 23.35 US$ cents is per ordinary share and that ten IDRs represent one ordinary share).
PTC to condiser dividend on August 12 2010
PTC India - Board to consider Audited FY 10 results & Dividend on Aug 12, 2010
PTC India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 12, 2010, inter-alia, to consider and take on record the annual financial results for the FY 2009-10 as also recommendation to the shareholders for proposal of dividend for the FY 2009-2010, if any.
Marg - Board to consider Dividend
Marg Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 11, 2010, inter alia, to discuss and approve:
1. The Unaudited Financial Results for the quarter ended June 30, 2010. ...
Gokul Refoils - Fixes Record Date for Interim Dividend
Gokul Refoils & Solvent Ltd has informed BSE that August 26, 2010 has been fixed as the Record Date for the purpose of Payment of Interim Dividend.
AK Capital - Board recommends Dividend
AK Capital Services Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 04, 2010, inter alia, have considered and transacted the following :
1. Recommended dividend @ Rs. 6 per equity share of face value Rs. 10 each for the year ended March 31, 2010. ...
Mayur Uniquoter - Fixes Record Date for Interim Dividend
Mayur Uniquoters Ltd has informed BSE that August 20, 2010 has been fixed as the Record Date for the purpose of payment of interim dividend.
Zenith Birla - Fixes Record Date for Bonus Issue
Zenith Birla (India) Ltd has informed BSE that the Committee of the Board of Directors of the Company, at their meeting held on August 02, 2010 has fixed August 12, 2010 as the Record Date for determining the members of the Company who will be entitled to receive the bonus shares of the Company in the ratio of 1:5 ( i.e. one fully paid up equity share for every five existing fully paid-up equity shares of Rs. 10/- each of the ...
source:bseindia.com
PTC India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 12, 2010, inter-alia, to consider and take on record the annual financial results for the FY 2009-10 as also recommendation to the shareholders for proposal of dividend for the FY 2009-2010, if any.
Marg - Board to consider Dividend
Marg Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 11, 2010, inter alia, to discuss and approve:
1. The Unaudited Financial Results for the quarter ended June 30, 2010. ...
Gokul Refoils - Fixes Record Date for Interim Dividend
Gokul Refoils & Solvent Ltd has informed BSE that August 26, 2010 has been fixed as the Record Date for the purpose of Payment of Interim Dividend.
AK Capital - Board recommends Dividend
AK Capital Services Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 04, 2010, inter alia, have considered and transacted the following :
1. Recommended dividend @ Rs. 6 per equity share of face value Rs. 10 each for the year ended March 31, 2010. ...
Mayur Uniquoter - Fixes Record Date for Interim Dividend
Mayur Uniquoters Ltd has informed BSE that August 20, 2010 has been fixed as the Record Date for the purpose of payment of interim dividend.
Zenith Birla - Fixes Record Date for Bonus Issue
Zenith Birla (India) Ltd has informed BSE that the Committee of the Board of Directors of the Company, at their meeting held on August 02, 2010 has fixed August 12, 2010 as the Record Date for determining the members of the Company who will be entitled to receive the bonus shares of the Company in the ratio of 1:5 ( i.e. one fully paid up equity share for every five existing fully paid-up equity shares of Rs. 10/- each of the ...
source:bseindia.com
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