Originally posted by gautham Originally posted by kmp_saij Originally posted by gautham Rapicut Carbides Very old div paying investor friendly co. makes tungsten carbides. supplies to mining, construction and oil explor. turnaround case.....tiny equity.....div paying....   Share holding Share holding pattern as on : 30/06/2010 31/03/2010 31/12/2009 Face value 10.00 10.00 10.00 No. Of Shares % Holding No. Of Shares % Holding No. Of Shares % Holding Promoter's holding Indian Promoters 182839 8.51 182839 8.51 282683 10.59 Foreign Promoters 11300 0.53 11300 0.53 11300 0.42 Sub total 194139 9.04 194139 9.04 293983 11.01       Why promotors are selling??????   The product   Tungsten carbide is known for its hardness and high melting point. On the Mohs scale for testing hardness, tungsten carbide receives a rating of nine, surpassed only by diamonds, which have a hardness of 10. This hardness makes tungsten carbide very scratch-resistant. The melting point of tungsten carbide is around 2,600 degrees Celsius and makes tungsten carbide very scratch-resistant. The melting point of tungsten carbide is around 2,600 degrees Celsius. By itself, tungsten carbide is not a naturally occurring material, it is only produced by combining the elements of tungsten and carbon.Cutting tools for drilling, mining and construction often incorporate the use of tungsten carbide.Filaments from light bulbs are made out of tungsten because of its resistance to heat.   Net profit of Rapicut Carbides rose 57.50% to Rs 0.63 crore in the quarter ended June 2010 as against Rs 0.40 crore during the previous quarter ended June 2009. Sales rose 31.53% to Rs 5.59 crore in the quarter ended June 2010 as against Rs 4.25 crore during the previous quarter ended June 2009. Particulars Quarter Ended   Jun. 2010 Jun. 2009 % Var. Sales 5.59 4.25 32 OPM % 18.25 13.88 31 PBDT 0.97 0.54 80 PBT 0.90 0.48 88 NP 0.63 0.40 58 Your query as regards prom holding was answered in my earlier post.

This one was discussed for a bit and then the discussion stopped. I work for a competitor of this company. They have been increasing revenues at a healthy rate. RoE and ROCE are 25% and 30% respectively. Good dividend. 3yr CAGR profit growth 40%. Still available at a PE of 7.5. Kennametal and Sandvik are regarded as high tech companies with expensive products for niche applications but this one has positioned itself for mid market, with cheaper products. Promoters have increased their holding. The stock was also recco by value-picks at 90 and has run up to 120. I was not too sure about the visibility for long term so took a small position. It could see a huge improvement when its environment for its customers BHEL, Tata Steel, Nayvelli Lignite turns around.

max india (maximum gains)

Edited by sayru - 19/Dec/2012 at 8:40pm

Originally posted by pikrohit Originally posted by koolvalue SML ISUZU desereves to be looked at more seriously. I didnt go into the details yet but I saw not that great RoE, ROCE. Posted a OK types 20% profit growth last yr. What caught ur eye?

Isuzu is a big global player in LCV,MCv and SUV. If they decided to expand allout in India this can be a huge multibagger.

Originally posted by paragdesai Koolvalue, Please note that though Isuzu is holding 15% in SML ISUZU they are not turned into promoter group. At this stage they are only technological partner in this company. Also note that Isuzu has also formed separate Indian Subsidiary which is planning to launch small lcv and their range of SUV in India. Currently there is no indication that these products are merged with current SML Isuzu products. At the moment SML Isuzu is offering only 3 models of ISUZU. 2 in high end luxury bus segment and 1 in 12T MCV. Company's performance in last 2 years is satisfactory considering their small size and overall economic condition.

Hi parag thanks for highlighting this thing. Infact sumitomo holds majority stake in this. But their core operation is steel and not automobiles. Actis (PE fund)
and sumitomo will eventually cash out of this and this company will eventually run by either ISUZU/VOLVO/MAN etc as promoters. The only hitch is seems actis and sumitomo are expecting higher valuations.

That is the time the stock will come in limelight.