Boss, first check out who is lead manager in gna axles... had u checked, then you would not have asked this question... BY THE WAY, were u in the market when pnb was lead manager in Taksheel solutions???
Revenue :: 508.9 cr PAT :: 25.95cr EPS :: 17.10(cons.) EpS:: 17.12 (basic) D/E ratio: 0.95 vs 1.35(2015)vs 1.46(2014
...looking at this Data and growth in PAT/EPS ,decreasing D/E ratio....we can easily give PE multiple of 14/15to GNA..
@eps of 17.10 issue is priced 12.17 PE...
So 14*17::238 15*17::255
My view.. ....no prob in applying at first glance listing gain also possible..but wait for some market expert'' review and GMP.. (15-20 rs gmp should b there)
I have heard good things about the company. Sardarji leading the company has a big heart. And the company group goes all the way back to pre-partition days. They are good at what they do. But the problem for me is the 55% of revenue that is export focused. Export based companies will have increasing problems as globalization breaks down. Trump will become American president on November and then we will see a reconfiguration of businesses based on exporting to the US market. We are already seeing this in both IT and Pharma sectors. Good company (worth subscribing) but there is a question mark over revenue coming from export.
27. Septa| Link| Bookmark|
September 7, 2016 12:58:13 AM
(4000+ Posts, 4600+ Likes)
on Page94 of RHP we can see EPS and diluted EPS at 17 both same how is this possible with this new issue EPS will drop to 12 and not be 17 as this new issue will dilute the outstanding share by approx 28% so EPs will drop by that percentage. Many leading papers have taken the EPs at 17 when actual the EPS is 12 a good 30% low
Yes sir ..if no of shares remain same and PAT increases then wht''s the prob..EPS of 2016 is 17.10 .
27.3. Septa| Link| Bookmark|
September 7, 2016 8:57:21 AM
(4000+ Posts, 4600+ Likes)
Pablo Actual it decrease not stay same EPS stand for Earning per Share with increase in number of share post issue EPS will decrease. So EPS for 2016 post issue is 12 and not 17 This is AN IPO and not OFS existing share holder r not selling
In lay man term the kitty of 26 Cr will now be divided by 30% more share holder so Eps will 17 to 12
Hope I have explained
27.4. gamble| Link| Bookmark|
September 7, 2016 9:22:08 AM
(1600+ Posts, 3900+ Likes)
In all parameter GNA is better...can commands higher valuation compare to Talbros..price seems right for gna axles..waiting for 2016 EPS...(we can give 14/15 PE to GNA easily my view)
A shaft is used to transmit power from one part to another. They are generally applied to torsion and shear stress. As example drive shaft in a vehicle transmits torque and rotation from drive train to other components.
Axle is sometimes refers as shaft for rotating wheels. It is designed to take only bending loads from the wheels or other rotating members it supports. Generally it is static but in some vehicle it can rotate with the wheels.
Axle will come with differential in driving mechanism. its called drive axle. Cam Shafts are for controlling cam which is odd shaped machine part that will help in opening up a valve according to the timing in an engine. Axle is a transmission part in a vehicle (4 wheeler) and cam shaft is an engine part (it can be in 2 or 4 wheeler).
But this is engine mechanism. We need to study company fundamentals instead for relevancy to this stock forum. Anyway, its good to know what part is for what.
Thanks @gamble for all the data. I can see all the numbers only for FY15, do we have EPS, debt levels and other data for March 16? But even if we take 2015 numbers, the issue seems reasonably priced...what do you think? How is the management quality? I read that it is gud, they have an experience of more than 20 yrs.
GNA Axles IPO Final Price was something that was not confirmed till now. Although from our sources we had got to know that it can be in range of Rs 205 – Rs 207 Per Equity Share.