burnpur cement retail is oversubscribed abt 25 times till 5.30
Extracts of ICICI Direct dot com's report on Burnpur Cement
Capital investment subsidy of Rs 7 crore to be paid within three months from the commencement of commercial production. 75% of the VAT paid to be refunded in the subsequent year for a period of 8 years. 50% of interest paid or 2% of the turnover (whichever is minimum) for a period of 5 years subject to maximum of Rs 1 crore per annum
Followings are the Extracts of ICICI Direct dot com's report on Burnpur Cement
Capital investment subsidy of Rs 7 crore to be paid within three months from the commencement of commercial production. 75% of the VAT paid to be refunded in the subsequent year for a period of 8 years. 50% of interest paid or 2% of the turnover (whichever is minimum) for a period of 5 years subject to maximum of Rs 1 crore per annum
Burnpur cement earned 1.14 crore 31/3/2007. It will earn only 1.40 crore this year based upon first three months data. With 4 crore outstanding shares, eps is only .35 Rs. This gives P/E of 35 at Rs. 12 per share. Toooooo expensive for a cement company.