NITTA GELATINE , WPIL , GRANULES INDIA - UPDATES

NITTA GELATINE

Recommended @ Rs.86 / - and currently trading @ Rs.150 /- posted an increase of 847 % in net profit for the June quarter .

For old posting ,Click HERE

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WPIL 

 Recommended @ Rs.187 / - and currently trading @ Rs.412 /- , posted an increase of 30 % in net profit for the June quarter .
 For old posting ,Click HERE

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 GRANULES INDIA
 Recommended @ Rs.79 / - and currently trading @ Rs.145 /-

For old posting ,Click HERE

 Mr. Vijay Ramanavarapu (  Head - Strategic Sourcing in the Company) purchased 15000 shares from open market at an average rate of Rs.145/- per share.
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WPIL - RESULT UPDATE

I have recommended  BUY on WPIL twice around Rs.190/- , which is now trading @ Rs.317/- .Today ,company declared very good results for the full year ended March 2012 ,where sales improved from Rs.219 Cr to Rs.361 Cr and net profit improved from Rs.16 Cr to Rs.23 Cr . EPS is Rs.29/- and a dividend @ 20% also declared. Full effect of company's big ticket acquisitions will be visible from this FY onwards .Requesting to HOLD  for further gains.

WPIL - RE ENTER

I have recommended a BUY on WPIL on 20th July 2011 at Rs.187 ( Old Posting HERE) and profit booking at Rs.300+ on 15 February 2012 ( HERE) . From a level of Rs.300+ it crashed in few trading sessions due the offloading of an Investor who holds about 1.5 lac shares in this low liquid counter.Currently It is trading around Rs.195/- .Earlier , promoters hiked their stake upto 75% through market purchases even at a level of Rs.220/-. One may again buy it if it falls below Rs.190/-, for medium to long term.

Discl :I have vested interest in WPIL

WPIL - UPDATE

WPIL - is one of my old recommendations @ Rs.187 on 20 July 2011 ( For old posting Click HERE).Today it hits its lifetime high @ Rs.311/-. In the latest December  quarter company posted a turnover of Rs.75 Cr v/s Rs.40 Cr and a net profit of Rs.4.3 Cr v/s Rs.1.78 Cr .One may  book profit at CMP.

WPIL - Worth a Look

WPIL is a Kolkata based manufacturer of various type pumps for sectors  like Irrigation,Mining,Water , waste water treatment..etc.What is unique for this company is that WPIL is the only company ( through joint venture) in India having expertise to manufacture certain type of pumps used in nuclear and thermal power plants.Earlier this company was with BN Khaithan group and in 2006 they completely exited from this company.The new owners( Hindustan Udyog group) have taken many steps to improve its performance thereafter.Some important acquisitions and some strategic alliances are already made in this direction.Company's joint venture with Clyde Union Pumps for manufacturing special pumps for  thermal plants and  nuclear power plants is expected to bring good business in future . In another important buyout ,WPIL recently acquired UK based  ' Mathers Foundry ' which makes  steel castings used in equipment for the oil and gas,nuclear, paper, chemical and power generation sectors .Mathers is the sole manufacturer of castings in the ZERON range of Super Duplex alloys . ZERON is a  super duplex stainless steel (with  high strength and  corrosion resistant ) that resists all forms of corrosion attack in seawater service.WPIL's thrust in waste water treatment , mining and power plant related pumping systems creating special attention among many other pump makers. After the change in management control company is showing steady growth. For the last FY , WPIL posted a turnover of Rs.220 Cr and a net profit of Rs.15.7 Cr.On an equity base of Rs.7.9 Cr EPS was Rs.20/- .Another encouraging factor is the aggressive open market purchase of promoters in the recent past .  CMP is Rs.187/-