Research recommends ''Avoid'' for Dilip Buildcon Ltd IPO - ICICI
256. Khemka| Link| Bookmark|
August 2, 2016 11:29:34 AM
(1000+ Posts, 400+ Likes)
Hundreds of new bank getting license from rbi may compete small financial banks like equitas,ujjivan, bharat , IMO huge competition in small banking era might seen from next year
Choice Broking: Subscribe The brokerage said the company''s BOT projects are quite attractive, as they are mainly annuity-plus toll revenue projects.
The company annually receives an annuity payment of around Rs 210 crore, in addition to toll revenue of Rs 30 crore. BOT projects at present have debt of Rs 1,150 crore, with an interest cost of around 10.3 per cent per annum.
"In FY16, the company had a working capital cycle of around 154 days, which was higher than its peers. Higher working cycle was mainly due to its business model of not sub-contraction any work. Currently, it has come down to around 135 days. We feel that the working capital cycle will remain elevated as compared to its peers. Based on our estimate, post repayment of debt, debt equity ratio is likely to fall to 2.3 times in FY17 from 3.2 times in FY16."
Reliance Securities: Subscribe Reliance Securities believes the company may manage to generate a healthy cash flow going forward on the back of healthy margins, an improving working capital cycle and a healthy mix of asset business.
"The RoE stood at nearly 22.4 per cent in FY16, which was the best and offered an edge over peers. In our view, DBL would generate a healthy cash flow going forward on the back of healthy margins, improving working capital cycle and a healthy mix of asset business. Thus, we believe the promoters have left something on the table for investors in terms of valuation and we expect the issue to generate better returns for investors in the near to medium term," the brokerage said.
Angel Broking: Subscribe Angel Broking expects the company to clock healthy topline and bottomline growth on the back of a strong order book. The brokerage pointed out that the company''s order book-to-sales stood at a healthy 2.6 times in FY16.
"The company reported an RoE of 22.4 per cent in FY2016, which is among the best in the industry. Given the growth prospects and the likelihood of strong FCF generation, the issue has the potential to deliver good returns for investors in the near-to-medium term," it said.
Among the major risks, higher dependency on debt to fund upcoming BoT projects, any delay in execution of projects in Madhya Pradesh that accounts for 60 per cent of the company''s order book and any negative outcome of legal proceedings against the company''s promoters could hurt the stock performance, the brokerage said.
Yes... I think there will be a hard presure on her to resign due to below reasond.
1.Patidar Andilan 2.Lower cast andolan, 3. Daughter''s Land acquisition at gir 4. Land permissions to big builder loby (audio leacked) 5.open permission to stockist for unlimited storage of dals, 6. Fail to maintain law & order 7. Curruption & crime increased during her period.
241. COMMONMAN| Link| Bookmark|
August 1, 2016 7:23:04 PM
Top Contributor (300+ Posts, 200+ Likes)
Lot Of Mixed Rewiews On This IPO. It Will Be Real Test Who Will Make Money Out Of It .
EAGLE EYE FIRST SAID AVOID FEW DAYS BACK (AVOID AT ALL COST) NOW SAYS APPLY VESTED INTEREST GMP FALLING 17-19 AFTER FIRST DAY SOURCE http://www.magzter.com
240.10. Eagleye| Link| Bookmark|
August 2, 2016 8:18:35 AM
IPO Guru (6600+ Posts, 22000+ Likes)
After hearing the news that .... "As per public announcement today , Vallabh Bhansali of Enam has bought 20 lakh shares in pre ipo placement from Banyan tree investment on 29th july. Mukul Agarwal also has bought 5 lakh shares"
After hearing that I changed my mind
This is a very dynamic market ... SUNNO SABKI, KARO MANN KI 😌
240.11. Eagleye| Link| Bookmark|
August 2, 2016 8:21:22 AM
IPO Guru (6600+ Posts, 22000+ Likes)
Zinga Sir,
Your innuendo that my opinion of applying or not moved the grey prices is highly conceited ... However, thank you for your flattery
240.12. Eagleye| Link| Bookmark|
August 2, 2016 8:24:47 AM
IPO Guru (6600+ Posts, 22000+ Likes)
Alpeshbhai,
I never have asked anyone or ever suggested whether you should apply or not ... I only stated if I am applying it not applying ... It does not mean anything ... On the otherhand I have often said ... SUNNO SABKI KARO MANN Why do you forget that ?
240.13. Eagleye| Link| Bookmark|
August 2, 2016 8:33:14 AM
IPO Guru (6600+ Posts, 22000+ Likes)
Btw Zinga Sir,
I could have not used your phrase "AVOID AT ALL COST" ... Only because my English language sensibilities recognise that there is a cost for "applying" ... However there is never any cost incurred for "avoiding" ... Hence I would never have said "avoid at a cost" ... My English may not be the best ... But it is not soooo bad either 😉