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.
Posted by VALUEPICK at 10:49 AM
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23 comments :

  1. senthilMay 15, 2011 at 2:25 PM

    dear valuepick,kindly opine about RISHIROOP RUBBER also

    ReplyDelete
  2. SonaMay 15, 2011 at 2:30 PM

    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

    ReplyDelete
  3. AnonymousMay 15, 2011 at 11:34 PM

    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....

    ReplyDelete
  4. AnonymousMay 16, 2011 at 6:25 AM

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

    ReplyDelete
  5. SandeepMay 16, 2011 at 10:03 AM

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

    ReplyDelete
  6. NRMay 16, 2011 at 5:54 PM

    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

    ReplyDelete
  7. vishnuMay 16, 2011 at 11:45 PM

    Dear Valuepick,

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

    Please advice.

    Regards

    Vishnu

    ReplyDelete
  8. VALUEPICKMay 17, 2011 at 3:50 PM

    Dear Senthil

    Not tracking Rishiroop Rubber

    ReplyDelete
  9. VALUEPICKMay 17, 2011 at 3:53 PM

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

    ReplyDelete
  10. VALUEPICKMay 17, 2011 at 3:56 PM

    Skeptical about the management of Black Rose.

    ReplyDelete
  11. AnonymousMay 17, 2011 at 5:50 PM

    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

    ReplyDelete
  12. AnonymousMay 17, 2011 at 8:19 PM

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

    ReplyDelete
  13. AnonymousMay 17, 2011 at 11:15 PM

    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

    ReplyDelete
  14. TutoonMay 18, 2011 at 5:21 AM

    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.

    ReplyDelete
  15. VALUEPICKMay 18, 2011 at 5:40 AM

    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

    ReplyDelete
  16. VALUEPICKMay 18, 2011 at 5:41 AM

    REI Agro's huge debt is a real concern

    ReplyDelete
  17. AnonymousMay 18, 2011 at 7:12 AM

    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!!!

    ReplyDelete
  18. AnonymousMay 18, 2011 at 3:36 PM

    Dear Sir,

    What about Advanta, Superhouse and TCPL?

    ReplyDelete
  19. SandeepMay 21, 2011 at 1:02 PM

    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.

    ReplyDelete
  20. SandeepMay 26, 2011 at 4:47 PM

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

    ReplyDelete
  21. AnonymousJuly 21, 2011 at 4:46 AM

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

    ReplyDelete
  22. JatinNovember 4, 2011 at 2:32 PM

    plz explain what u meant by corporate governance ?

    ReplyDelete
  23. UnknownNovember 7, 2011 at 10:29 PM

    Dear Valu-pick,

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

    ReplyDelete

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