ROCKET STOCK.... BIHAR TUBES Ltd. at 68/- Target of 95/- & 155/-
Bihar Tubes Ltd Trading in BSE at 68/-in B Group. (BSE Code- 590059) Target 95 & 155/- for short term. Safe Investment at 68/-. Expected EPS 25/- for 2009-10. as per this PE only 2.5 for this industry average PE was 13 if we take minimum 10 it will go 250/- +++; Good Dividend yielding at 10% per Annum. Company given good Bonus 1:1 in 2007. Company having good Reserves and Good Book Value at 95/- and good land Bank in Delhi and UttarPradesh and Tamilnadu. This stock worth up to 150/- to 250/- as per reserves and profits and company value. Some good news coming out soon.
See My last calls IFCI given at 42/- Touched 53/- just 2 days time 25% return in 2 days time. And Eastern Silk Ltd Given at 13.5/- touched 20.25/- within 1 week time.
See My last 1 Month Calls 1) IFCI given at 42/- Reached 53/- just 2 day 2) Eastern Silk Ltd given at 13.5/- touched at 20.25/- just 5 days 3) Ponni Sugar given at 55/- touched 110/-
3) Vikas WSp given at 21/- Touched 35/- 4) Techtran Poly given at 11/- Touched 27/- 5) Guj Borosil given at 11/- Touched at 17.5/- 6) RPG LifeScince given at 22/- Touched 59/--.
Very Valuable stock Bihar Tubes Ltd at 68/- current Market Situation; In this Market correction time Buy safe stocks like Bihar Tubes Ltd at 68/- EPS 25/-; PE 2.5; Good Dividend paying company and Bonus candidate.; So happily Buy at current price at 68/- and sell at 95/- to 155/- within Short period. Risk free investment at 68/-. Because Good Value Stock at 68/- Company Expansion Income and profits will come Next Quarter on wards.
Bihar Tubes Ltd ; trading in BSE at 68 /- in B Group. Daily accumulating company circle people. And Daily grabbing with Mumbai BIG BIG Bulls also because of Now stock is available at very very cheep price at 68/- Expecting Annual EPS 25/- for 2009-2010, with PE 2.5 only. Normally in worst condition also PE will at 10 for this Industry. If we take 10 PE It will go Rs. 250/- +++.
Bihar Tubes Ltd Declared Results for First Quarter Income 132Cr and Net Profit was 10Cr and Second Quarter Income 140Cr and Net Profit was 8Cr for Half year Net profit was 18 Cr Equity 20 Cr EPS 17/- and Next Quarter onwards Expansion income will add (Hosure Plant recently commissioned) so Expectin EPS for 2009-10 is 25/-.
Share Holding Pattern:
Promoters : 53%; Corporate Bodies : 24%; Public only 21% Others 2%.
Bihar Tubes Ltd have a large scale unit engaged in manufacturing and exporting galvanized steel tubes, galvanized steel pipes and welded black pipes/tubes. We manufacture steel tubes for a range of applications like Mild Steel Tubes for structural purpose and mechanical & general engineering purpose, ERW Pipes for water, gas & sewerage, Steel Tubes for idlers of belt conveyors, water wells and Lancing Pipes for various automotive & industrial applications
Company have three mills having size range from ½" to 8" and also Square and Rectangular Hollow Sections from 16x16xmm to 180x180 mm and 25x50 to 200x100 upto maximum thickness of 5.4 mm. We have also added another galvanized bath which will enhance our G.I capacity by another 3000 MT per month from the existing capacity of 3000 MT per month. We are adding three more mills of size range 1",2 ½" and 1.2" which will be in operation in faced manners from June, 2006 to April 2007. The in-house lab has been upgraded with the modern equipments where we can carry all the test such as Tensile Test, Flattening Test, Drift Test, Crushing Test, Bend Test and Hydrostatic Testing and in addition to this the pipes are being tested on line Eddy Current Tester. Each and every pipe is hydrostatically tested and straightened before despatch.
Bihar Tubes Ltd.,has installed a modern high speed tube mill on latest technology provided by M/s Kusakabe of JAPAN. The mill opereates at a speed of 110 meters/minutes.
Company have already presence in the world market and reaching the customers through seminar and fairs and presently we are going to participate in the Tubes and Pipes International Fair at Dusseldorf, Germany at the end of April, 2006.
The customer segment includes users of Steel Pipes for carrying water and gas; for boilers, heat exchangers, submersible pumps (even cut to 3 meter lengths); and also for Bore well, Casing pipes, scaffoldings, conveyor idlers, structural tubes (Tubular, Square & Rectangular Pipes). Drill rod pipes etc., used in the fields such as agriculture and irrigation. The customers segment also extends to various industrial sectors such as automobiles (including chassis manufacturing)
Square and rectangular hollow sections manufactured by Bihar Tubes widely used to replace conventional sections of higher weight such as beams, angles and channels. These sections have higher load-bearing capacity at lower costs and have better aesthetic appeal in many cases.
APL Apollo tubular pipes are also used as successful substitute for seamless pipes.
Some of Prominent Clients
• U.P. Jal Nigam
• IPH-Irrigation & Public Health Department - Himachal Pradesh
• M.P. Laghu Udyog Nigam
• DOT - Department Of Telecommunications
• U.P. State Agro Corporation
• BSNL - Bharat Sanchar Nigam Ltd.
• KJS - Kumaon Jal Sansthan
• GJS - Garwal Jal Sansthan
• H.P. State Civil Supplies Corporation
• Various Other Government Agencies
INTERNATIONAL PRESENCE (EXPORT):
Company also registered with DGS&D for various government supplies and have undergone third party audit by agencies like RITES &SGS.; In addition Bihar Tubes is well into the exports of Tubes and have clients in over 25 countries across the globe. Bihar Tubes have exported material to the following countries :
Some of Prominent Clients:
• United Kingdom
• Germany
• West Indies
• Nigeria
• Mauritius
• Maldives
• Bangladesh
• Sri Lanka
• Bahrain
• United Arab Emirates
• Qatar
• Jamaica
• Guyana
• West African Countries
• USA
• South Africa
• France
• Australia
Bihar Tubes Ltd has informed that Bihar Tubes achieved 75% Growth in Production.
Bihar Tubes Commissiones First Phase of Hosure Project:
Bihar Tubes Limites. Believing in its numerous strategic strengths and ability to lead industry matrix, successfully commissioned frist phase of its state of art manufacturing facilities at Hosur (Tamilnadu). This greenfeild project spread across 24 acres has the ability to produce 200,000 MT ERW black Pipe, Galvanized Pipes, Hollow Sections, and Structural Tubes per annum of ½" to 12" as outer diameter and up to 10mm wall thickness.
Recently Bihar Tubes Awarded "UL Certification"
This company has a great future. Even if we give a conservative P/E of 10 (Industry Avarage PE was 15), It should be trading at Rs. 250+ based on FY 2009-10earnings. So there is a long way to go. Investors with faith in Bihar Tubes Ltd Management and having patience will definitely earn a lot.
Possitive Points for this stock for Up moving:
1) Bihar Tubes Ltd trading at 68/- in BSE; Doing Very good Profit making company and Good dividend paying company.
2) Recently declared Good results Half year NetProfit 18 Cr. And Expansion NetProfit will add next quarter. Estimating EPS for 2009-10 was 25/- as per this PE only 2.5 if we take minimum PE 10 it will go 250/- ++++.
3) Bonus given 1:1 on 2007.
4) Mumbai Bulls and Operators are accumulating at current price. Because Stock is available at very cheep price at 68/-; Compare to all stocks good value at present Market situation.
5) Company Having good reserves and Good land with Building at Delhi, UP and Thailanadu.
6) Some good News coming out soon
7) Valuable Stock at 68/- Because Good reserves and Good Land and good profits 25/- EPS as per this minimum 155/- to 250 worth stock.
Enter current price at 68/- Short term Target 95/- & 155/- Medium TermTarget 250/-Strong Fundamentals.
Happy Investing...
BIGBULLS
MUMBAI
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