Research "GOODLUCK STEEL TUBES LTD" (BSE CODE : 530655) 32/- Target of 85/-
Research this Small wonder stock "GOODLUCK STEEL TUBES LTD" Trading at 32/- in BSE (BSE code: 530655);Good profit Making company EPS 9/-.
and Dividend every year 15%,
Small Equity 3.75 Cr Promoter Holding 70%, Insurance companies 5% and Corprate Bodies and NRI's 11% Public only 14%.
Company Having Huge Reserves 65 Cr and Asstes.
Bonus Expecting This year because Small Equity and good Profits
GOODLUCK STEEL TUBES LTD Reported NetIncome 477 Cr and Netprofit of 15.41 Cr for 2009-10 Equity 3,75 Cr EPS Nearly 9/- as per this PE just 3. Avarage Industry PE was 13. As per this Stock will go above 100/- soon….
For 2010-11 year Expecting NetIncome is 750 Cr and NetProfit is 23 Cr as per this EPS 15/- because recently New plant Operations started. As per this EPS Stock Trading with PE 2.
Recently Company Started new Plant at Khasra No. 2839, Dhoom Manik Pur, Dadri, Distt. Gautam Budh Nagar, U.P. This will zoom in Turnover and NetProfit for This Year.
Good Luck Steel Tubes Ltd has informed that, in continuation of enlistment with Engineering India Ltd (EIL) for flanges and rings of carbon steel, alloy steel and stainless steel, the Company has successful commissioned its Stainless Steel Dye-Casting and Forging plant, having the annual production capacity of approx. 6800 M.T. p.a.
It has the capacity to produce export quality of stainless steel articles and is expected to add annually approx. 125 cr. in one total turnover of the Company.
The plant has started its commercial production also at the existing plat location Khasra No. 2839, Dhoom Manik Pur, Dadri, Distt. Gautam Budh Nagar, U.P. The first consignment is expected to be dispatched very shortly.
Goodluck Group is one of India's leading and fastest growing business group with over 500 employees and having multi location plants and units. With experience of more than two decades in the industry Goodluck has diversified business interests in the national and international market.
GoodLuck Steel Tubes Ltd was established and commenced production in 1986 with an objective to provide quality material to the national and international market. The journey from supplying black steel pipes to becoming one of the leading manufacturers of Black and Galvanized Pipes & Tubes, Cold Rolled Steel & Galvanized Sheets / Coils has been filled with accomplishments and accolades. The quality of our products and services are widely recognized.
Business Divisions:
Pipe Division
With combined capacity of more than 1,00,000 MT, Pipe Division manufactures all kind of ERW Black Steel Pipes for various purposes.
- Steel Pipes manufactured as per ASTM specification.
- Capability exists for galvanising pipes upto 24 feet in lenght and 12 inches in diameter.
- Manufactures galvanised hollow sections.
- Leading manufacturers of manipulated tubes.
Cold Rolled and Galvanised Sheets-Coils Division
This unit is engaged in manufacturing standard range of Galvanised Plain & Corrugated Sheets/ Coils for wide range of applications. Cold Rolled Sheets/Coils produced by GLST are widely used in various applications.
Coal Division
Hindon Carrying Co. Corporation (P) Ltd. is the division of the Good Luck Group involved in the supply of Indian & Imported Coal/Coke of all types.
International Division
International Division is engaged in export of wide range of engineering products, construction hardwares, plants & machinery.
Factory Set Up
Located 60 Kms from New Delhi in Bulandshahr District of Utter Pradesh, (India), we have a huge factory set up in Sikandrabad Industrial Area for the production of steel tubes and various other steel products. We are strategically located in one of the most developed industrial hub of India which is very well connected from road and rail for perfect procurement and delivery system, close to the Inland Container Depot ideal for exports.
Plants and Machinery
GoodLuck Steel have acquired latest plant and machinery in order to set up state-of-the-
Production capacity
Good Luck Steel have capacity to manufacture 1,00,000 M.T. of steel tubes / pipes annually & 90,000 M.T. of CR steel We have further expanded our set up to undertake the production of our various other steel products.
GLST has all kind of resources and factory set up required to manufacture and supply of Black Steel Pipes, ERW Black Steel Pipes, Galvanized Black Steel Pipes, Carbon Steel Pipes, CR Steel, Hollow Sections and Cold Rolled Sheets/Coils & Galvanised Coils/Sheets with complete customer satisfaction. We always keep on improving our over all set up and resources to meet the exacting demands of buyer.
Clients
Good luck Steel tubes Ltd enjoy the trust of our wide clientele spread over 90 countries that include UK, Singapore, South Africa, Oman, UAE, Australia, New Zealand, East & West Africa, Latin America, Trinidad, Ghana, Haiti, Ethiopia, Sri Lanka and Madagascar. A list of our domestic clients includes reputed names from Public sector, Private sector OEMs and Central & State government Deppartment.
Watch This GOODLUCK STEEL TUBES LTD at 32/- will reach 85/- in 1 to 3 Months time.
One can buy this levels will get 100% to 300% return within 1 to 3 monhs time.
My Previous Call ITL Industries given at 75/- within 3 days reached 99.65/- Now trading at 93/- Now also Bullish to go 135/- soon.
And ValueMart info given at 2.75/- Now Trading at 8/- Return 300% in 3 months time.
Visu International Given at 5.5/- Reached at 7.65/- Now Trading at 6.85/- Now also very Bullish for this Stock, No risk at this rate. So much Value, If u buy and hold 1 month will get 100% to 300% anytime means 10/- to 15/-, QIP Isssue sooon at 10/- So There is no risk at CMP happily buy and hold.
So use this oppertinity this time Buy GOODLUCK STEEL TUBES LTD at 32/- will reach 55/- ands 85/- in short term.
Daily grabbing with Mumbai BIG BIG Bulls and Some Funding Companies because of Now stock is available at very very cheep price at 32/-. Company Doing Fantastic Performacne With EPS 9/- and Dividend 15%; Having Good Reserves and Asstes ans One more good point is promoters Holding 70% Corporate Bodies 10% Nri 5% Public only 15%. The realistic Price was 85/-.
One can buy this levels will get 100% to 300% return within 1 to 3 monhs time.
---- EquityResearch Team
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