Joined: 20/Jan/2010
Location: India
Online Status: Offline
Posts: 1
Posted: 20/Jan/2010 at 8:32am
"Confidence Petroleum" - A multibagger for sure They are betting big on India's GAS(LPG, CNG, LNG) consumption The market oppurtunity is 10000 times bigger than their 2010 sales
They are info following segments
Cylider Manufacturing (LPG, CNG, ANG) (Enjoys sustained replacement business - low margin but market domination) Cylinder Bottling (Spread across all regions in India : Decent margins and guaranteed revenues) LPG/CNG Dispensing Stations (Good margin : Betting very big on India's Gas Consumption Recent discoveries of huge GAS reserves by Reliance et al) Aims 30% of India's gas distribution and retailing by 2013
Natural Gas Metering systems (Again - Betting on domestic Gas Pipe lines)
Numbers Speak themselves Annual results in brief
Mar ' 09 Mar ' 08 Mar ' 07 Mar ' 06 Mar ' 05 Sales 218.56 131.42 46.10 0.51 0.19 Operating profit 22.12 9.83 1.18 0.41 0.10 Interest 2.73 1.40 1.14 - - Gross profit 22.57 25.31 8.47 0.44 0.11 EPS (Rs) 0.67 0.81 0.43 0.05 -0.02
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