Sunday, May 15, 2011

PUNEET RESINS





Puneet Resins is Rishiroop group company manufacturing various types of Rubber chemicals and PVC Compounds and different forms of rubber.Company manufacturing the products under three brand names 'Vulcanol' ,'Vinoprene' and 'Vinoplast'.The first one  Vulcanol is a Vulcanised Vegetable Oil used in industries like Rubberised fabrics, Rubber threads ,Gaskets...etc.The next two are NBR/ PVC blends used in the manufacturing of various types of Hoses,auto parts..etc.Company's performance is improving in recent times and it is expected to post its best ever result in this FY. For the 9 months ended December ,company posted a turnover of Rs.37 Cr ,net profit of Rs.3.65 Cr and an EPS of Rs.7 . Share price is currently trading around Rs.34/- with a  P/E multiple of just 4 on the expected full year EPS. If the management shows better corporate governance ,there is fair chance for a re rating from current level.

23 comments :

  1. dear valuepick,kindly opine about RISHIROOP RUBBER also

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  2. Dear Sir,
    Please let me have your views on Photoquip India Ltd. How sound it is fundamentally and what should be its buying range?

    Thanks.
    Sona

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  3. HELLO SIR,

    I am ur blog follower for long time.. it as benefited me a lot and also the way of investing,, i would like to have ur valuable view on the stock name BLACKROSE INDUSTRIES, this stock can help many investor and one stock like this can make there living of life much easier.. waiting for ur valuable advice....

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  4. Dear Sir,
    Can we buy Advanta India, Superhouse & TCPL at current prices?

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  5. hi valuepick, can castor seed price rise negatively impact the company's performance?

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  6. Hi,

    Just wanted to bring in to your attention on Spentex Industries. Posted a good results and have huge assents in different parts of the world.

    Also your take on Cravetex as they have announced the Bonus. Is it getting overpriced or still is there a value in the current market price

    Thanks

    NR

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  7. Dear Valuepick,

    Your Recent recommendation De nora corrected sharpely after touching 116, now trading at 84. What is your advice?.

    Please advice.

    Regards

    Vishnu

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  8. Dear Senthil

    Not tracking Rishiroop Rubber

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  9. Sona, Photoquip is not bad ,but buy only in dips

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  10. Skeptical about the management of Black Rose.

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  11. dear valuepick
    is suraj diamonds a fraud management?

    if not what can explain a regular dividend paying company earning 120 crores NP a year going at a PE of 3 ?

    rajesh

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  12. Whats your take on Rei Agro. Promoters are buying aggresively from market from last many months.

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  13. Thanks 4 ur advice sir,but may i know y ur skeptical abt mgt of black rose...? i ve invested heavlly in it.. can u plz advice me.., n ru skeptical abt the monomer plant they r comming up.. where they manufacture acrylamide.., may i know y there is huge demand for this acrylamide...? plz advice me..

    Thanking u..


    Regards
    ksk

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  14. Dear Sir, Could you share your thoughts on Prism informatics, it is in downwards trend since last week, do you think its time to sell it.

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  15. I don't think the management of Suraj Diamond is fraud. Company's huge equity and low market fancy of the industry is limiting gain. May do better if the entire diamond sector re- rates

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  16. REI Agro's huge debt is a real concern

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  17. Rishiroop group has at least half a dozen copanies in the similar business. Would you plese comment on possible conflict of interest?

    Some of these companies are privately held!!!

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  18. Dear Sir,

    What about Advanta, Superhouse and TCPL?

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  19. Instead of dicussing on the company - Puneet Resins, most of the discussion is on other companies.

    Few comments to discuss the company under matter - castor price rise and its impact on company, privately held group companies in same LOB are not discussed.

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  20. Good Results posted by the company and the stock jumped up. Good timing for the reco valuepick!

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  21. 'Vulcanol' is mfd by Puneet Polymers and not Puneet Resins.

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  22. plz explain what u meant by corporate governance ?

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  23. Dear Valu-pick,

    Is it time to buy more. Puneet making lots of news and posted a good result.

    ReplyDelete

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