Friday, November 11, 2011

HARITHA SEATINGSYSTEMS - BUY (REPEAT)

Haritha Seating Systems is a Chennai based company belongs to TVS Group.
This company belongs to the well known TVS Group and promoted by Sundaram Clayton Ltd. Harita makes seats for two-wheelers, commercial vehicles,tractors and buses.  It is also in the field of poly urethane products businesses to different segments of the auto industry . Harita Seating Systems has manufacturing facilities in Hosur, Ranjangaon near Pune and at Nalagarh in Himachal Pradesh. It was earlier known as Haritha Grammer and had a joint venture with Grammer AG of Germany till 2002.In 2002 company pulls out of joint venture and its name changed to Haritha Seating Systems.Company has another joint venture with German based Fehrer for making two wheeler seats ,which is known as Harita Fehrer Ltd.Company’s client list consists of auto majors like Tata Motors, Ashok Leyland, Mahindra & Mahindra, Tafe, John Deere, New Holland TMTL, Escorts, Caterpillar,BEML, Telcon, L & T Komatsu and  Volvo.Company also suppliers seats to body builders Jaico, SM Kannappa, ACGL, Amar Coaches, IRIZAR TVS Veera Vahana, HNS Coaches, Damodar coach,Bharat Coach etc. Last year company posted a turnover of Rs.225 Cr and a net loss of Rs.5 Cr .Company is in a turnaround path in this FY and posted a sales of Rs.104 Cr and a net profit of Rs.5 Cr in the first half itself.In the short to medium term auto ancillary companies may face some margin pressure , but long term investors may take it an opportunity to buy good auto ancillary stocks like Haritha .It is currently trading @ Rs.72.
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32 comments:

  1. senthilNovember 11, 2011 at 8:41 AM

    sir do you have any idea regrding MIC electronics? it has fallen down to Rs8-9 from Rs.40. read that promoters have pledged their shares.
    will this company become a turn around candidate in future?
    thanks in advance
    regards
    senthil

    ReplyDelete
  2. AnonymousNovember 11, 2011 at 9:42 AM

    please give your comment on camlin fine chem in terms of its latest results

    ReplyDelete
  3. AnonymousNovember 11, 2011 at 12:01 PM

    Sir
    It opened on 86.4 i.e. 20% above Rs72.
    Is it still a good bet.

    ReplyDelete
  4. senthilNovember 11, 2011 at 3:24 PM

    dear valuepick sir,
    the difference between the sell price and the buy price is more in EPC?
    what is the opt level to buy EPC industries?
    thanks in advance
    regards
    senthil

    ReplyDelete
  5. Debasish debNovember 11, 2011 at 3:25 PM

    Kaveri seed PAT down to 3.71cr. Pl give your comment in terms of its latest results.

    ReplyDelete
  6. shanidNovember 11, 2011 at 5:12 PM

    Dear Valuepick,

    Second quarter result has come for Ramky infra,your earlier recommendation.

    Pls give your views based on the result.

    Rz,
    Shanid.

    ReplyDelete
  7. UnknownNovember 11, 2011 at 5:35 PM

    Hi Sir,

    As you already know I follow your blogs on daily basis. But 3 of your last posting did not give a chance to buy. It hit upper circuit theday after it appeared in your blog - Cochin minerals, advanta and Haritha. it looks like a BIG player is following your blog now . As soon as you post he purchase all the available stocks.

    Great thanks to you.

    Your previous recommendation ADF Foods, Elder healthcare , ION exchange, websol are now available at reasonable price.

    Do you suggest a buy on above stocks.

    ReplyDelete
  8. NileshNovember 11, 2011 at 6:54 PM

    Dear Valuepic,
    enkei wheels is not moving.whats your view??

    ReplyDelete
  9. fundainvestNovember 11, 2011 at 7:03 PM

    Dear sir

    Results of camlin fine sciences are mind blogging and i think one can add after the split in good quantity or upto 165 Rupees.

    ReplyDelete
  10. NRNovember 11, 2011 at 7:40 PM

    Dear VP, ur views on Nesco & SOTL. Are these stocks in ur watchlist. If good please include in your blog.
    Thanks
    NR

    ReplyDelete
  11. VALUEPICKNovember 12, 2011 at 7:20 AM

    Dear Senthil
    Promoters are related parties of MIC Electronics continuously selling their stock in open market .Major portion of their remaining shares are pledged .I really doubt , whether the published results are true or not.

    ReplyDelete
  12. VALUEPICKNovember 12, 2011 at 7:22 AM

    Result of Camlin Fine chem was good, but I think the proposed stock split is really unnecessary at this point

    ReplyDelete
  13. VALUEPICKNovember 12, 2011 at 7:26 AM

    Dear Debasish deb

    I don't know from which source you got this wrong data about the result of Kaveri Seed. In the latest qtr KSCL posted a net profit of Rs.5.16 Cr v/s Rs.3.71 Cr (same period last year).Seed is a seasonal business and 95 % income is generated in first qtr

    ReplyDelete
  14. VALUEPICKNovember 12, 2011 at 7:30 AM

    Dear Deepak Kumar Prasad

    My reco on Advanta was on 7th ,it closed at the same rate on 8th and moved only on 9th onwards :)

    ReplyDelete
  15. VALUEPICKNovember 12, 2011 at 7:35 AM

    Dear Nilesh
    Please don't consider this blog as a place for daily tips. The sector in which Enkei is operating is facing margin pressure now mainly because of bad condition in auto sales due to higher interest rate.Such business cycles gives good entry chances , wait with patience .Company is noe planning to expend capacity to reap benefit on revival in future.

    ReplyDelete
  16. VALUEPICKNovember 12, 2011 at 7:37 AM

    Dear fundainvest

    Result is good , but why need a FV split at this point of time ?

    ReplyDelete
  17. VALUEPICKNovember 12, 2011 at 7:38 AM

    Dear NR

    Not tracking Nesco,Rise in crude price may reduce the margin of SOTL going forward

    ReplyDelete
  18. Dr.Thillai Siva PandianNovember 12, 2011 at 10:33 AM

    Dear VPj
    Whenever you recommend any stock, the first day it will up freeze; impossible to buy with your recommended price.I really appreciate your thorough investigation and solid analysis before you recommend anything.Kudos to your service to all the investors who are closely following your blog...Great VPj....

    ReplyDelete
  19. RamitNovember 12, 2011 at 11:30 AM

    valupick, did u get a chance to look at Tokyo plast's results... its looking great especially since its a totally export oriented company and even with depreciating rupee they have performed very well, though next quarter's result would be a better paramter to judge..

    ReplyDelete
  20. AnonymousNovember 12, 2011 at 1:48 PM

    Sir what is SOTL?

    ReplyDelete
  21. Debasish debNovember 12, 2011 at 1:57 PM

    dear sir
    Whats your view on Smartlink network Systems

    ReplyDelete
  22. AnonymousNovember 12, 2011 at 2:39 PM

    Sir, the sugar industry is expecting revenue conversion this quarter at higher rates, when can we positively expect to invest our money in this sector stocks.
    Cud u also suggest better placed stocks in this sector.
    Thanks
    Anu

    ReplyDelete
  23. DUSIANTNovember 12, 2011 at 2:54 PM

    Hi valuepick,

    what is ur view on Krishna Ventures
    it was @10 2-3 months before and now is at 27

    ReplyDelete
  24. VALUEPICKNovember 12, 2011 at 9:13 PM

    SOTL is Savita Oil Technologies Ltd

    ReplyDelete
  25. shanidNovember 13, 2011 at 2:05 PM

    Sir,

    Ramky infra.....your call after 2nd quarter results.?

    Rz,
    Shanid

    ReplyDelete
  26. keerthyNovember 13, 2011 at 3:30 PM

    sir i am new to your blog. studying your past posts. and it is really amazing results. thank you for your valuble sharing.
    what is your opinion about zydus wellnuss

    ReplyDelete
  27. VALUEPICKNovember 13, 2011 at 4:52 PM

    Dear Dusiant

    Capital of Krishna Venture is around 1 Crore only and total share holders are just 54.Very easy for price rigging.For the past one month just a single share traded (except one day)each day .These type stock may move anywhere before distribution is happening

    ReplyDelete
  28. VALUEPICKNovember 13, 2011 at 5:00 PM

    Dear Shanid

    If nothing negative from the latest CBI inquiry regarding the award of some contracts to the company in the years 2004-2009, it will remain as one of the preferred pick from this sector.

    ReplyDelete
  29. VALUEPICKNovember 13, 2011 at 5:05 PM

    Dear Keerthy

    Success of Zydus wellness depends on the introduction of new products.Chances are also there for inorganic growth.At CMP it is a HOLD for me.

    ReplyDelete
  30. VALUEPICKNovember 13, 2011 at 5:19 PM

    Dear Debasish deb

    As you are aware Smartlink Network recently sold a portion of their assets to Schneider.Generally I don't like these type managements(Selling part of business to foreign players rather than the entire company).Any way waiting for their further action with the realized amount

    ReplyDelete
  31. VALUEPICKNovember 13, 2011 at 5:22 PM

    Dear Anu

    Cyclical industries are good for patient investors . But there may be chances of shortage of sugar cane going forward which may affect the crushing capacity utilisation .Feels EID Parry is a good pick from this space.

    ReplyDelete
  32. fundaspeakNovember 16, 2011 at 9:44 PM

    Dear value ji


    I agree with you,but with higher liquidity in place and their expansion plans with more products ,the sales are up in the offing.

    Being in the consumption industry and more and more food packaigng industries comming up,and life style changes happenign in the middle class ehons i think the liquidity is not that bad a idea.

    Lets see

    ReplyDelete