Yuken India is one of our favorite stock which we recommended twice @ Rs.140/- and @ Rs.160/- in the past .Currently it is quoting around Rs.235/-.Company declared its first qtr result on Saturday. Below is the comparative figures with last year same qtr:
JUNE QTR 2010 JUNE QTR 2009
TURNOVER 28.73 Cr 17.22 Cr
NET PROFIT 1.34 Cr LOSS OF 28 Lakhs
EPS Rs.4.47 /- - .87
Company's sales and profitability showing seasonal variations and historically June qtr is one of the weak qtr for the company .Even in such a qtr company performed well and raw material prices are stabilized now.Moreover company is planning a capex of Rs.15 Cr in near future to increase capacity and modernisation .The entire funding will be through internal accruals and loans.Considering all these facts ,better days are expected ahead and one can HOLD it.
can we hold on cranes software or is it headed further down?
ReplyDeleteValuepick Sir,
ReplyDeleteOne more good news for Yuken :
Clenergen Corporation today announced that it has entered into a Memorandum of Agreement with Yuken India Limited to install up to 2MW/h gasification biomass power plants at their manufacturing site in Bangalore, India. As of to date Clenergen has a total of 19.5MW/h of operational biomass power plants and 40MW/h under Agreement in India, Philippines and Ghana, with estimated gross revenue of $63,000,000 per annum over a minimum 15 year period.
More : http://www.marketwatch.com/story/clenergen-corporation-otcbb-crge-signs-agreement-to-supply-a-turnkey-gasifcation-biomass-power-plant-for-leading-manufacturer-in-india-2010-07-13?reflink=MW_news_stmp
Thank you sir for wonderful stock
Thanks Mahesh for the info,This may help Yeken to reduce its power cost going forward and improve margins.
ReplyDeletesir,
ReplyDeletewonderful stock- yuken india.
I would like to keep it. awaiting it to cross 300
Neeraj