At the lower price of Rs 17, the issue is valued at a P/E multiple of 8.24x its diluted FY08E EPS of Rs 2.06. At the upper end of the band of Rs 19, the issue is valued at 8.98x its diluted FY08E EPS of Rs 2.12. The issue looks expensive compared to peers like Rallis India and Shreyas Intermediate, which are currently trading at a lower P/E to their FY08E EPS. On an EV/ EBIDTA basis, the stock also looks overpriced. Established companies are available at cheaper valuations. We believe investors should avoid the issue.
Nelcast Valuation
Nelcast’s shares are offered at a price band of Rs 195 -219 discounting its FY09E EPS by 7.9 – 8.9x. There is no listed company to compare the valuations parameters of the company but are offered 8-9x P/E as against industry (auto-ancillary) P/E of 12-13x. Considering the future growth prospects, we expect the company to perform well enhancing its top and bottom line in coming years. We recommend subscription to the issue.
Low-risk appetite investor can consider the issue for listing gains while those with a capacity for higher risks could consider investing with long-term investment perspective.
apply for listing gains as the industry per se does not enjoy very high discounting on the markets. With the manufacturing of the Agrochemicals shifting to India and MOL being one of the largest and the most cost efficient manufacturer of the Agrochemical products, the company is well poised to explore this opportunity. In addition MOL’s entry into HPP will ensure stable and high margins for the business. MOL is fast developing a global presence, through non-branded and branded products across various markets. All these factors should translate into a CAGR of 20% for the company.
Hi sell your nitin fire & mic electronics , lots of speculations on it. Among all DLF will list with bang and will give very good money ,maghmani is average issue, i think Nelcast can be better
Hi Balubai Patel/jasmin B. Patel/Shilpa Patel /Foster IP (220.224.75.176)(220.224.25.218)
How much money you will get for each blog ,writing in favour of company ??????
65. Balubhai Patel (220.224.75.176) 6/6/2007 5:27:31 PM IST MOL, friends, I have stated what ever I know about the company. This is the fact you should check it if you have some knowledge how to check it or get information about the company. Ulimately you are best judge but first know about the company. 55. Balubhai Patel (220.224.25.218) 6/6/2007 2:03:11 PM IST Meghmani organics Limited. Its fundamentaly very strong company having total group turn over more than Rs. 450 crores with export turn over of more than rs. 250 crores. Good clientile base and business products are there. Good investment for short term as well as long term also.
Now those peoples who brought shares in overvalued scrips will start loosing. By speculation chances of making money is only 50%..... please remember this.
MOL, friends, I have stated what ever I know about the company. This is the fact you should check it if you have some knowledge how to check it or get information about the company. Ulimately you are best judge but first know about the company.
Hey Ankita its my view of point, you can post yous if you feel so, i know that this is a good IPO to apply, Since i have applied for 45 Lots In three different application.
Guys Apply for MOL as it is giving at Rs 19 OF Rs1 gain will be between 7 to 11 Rs. remember Meghmani Organics Limited IPO Is verry very good to apply.