ROCKET STOCK "RATHI STEEL & POWER LTD" (BSE CODE : 504903) AT 11/- TARGET OF 35/- & 65/-
STOCK : RATHI STEEL & POWER LTD. Trading in BSE CODE : 504903
CMP : 11/- Promoters Buying Heavily….. Increasing Stake
Target : 35/- to 65/- in Short term and Medium terms (In this Weak Market Good time to buy this worthy stock to get multi Returns in very Short time.)
Last 6 Months Given Calls 1) PITTI Laminations at 37/- Now 95/-
2) Venus Power at 7/- Now at 21/-
3) LGS Global at 45/- Now at 100/-
4) Avon Organics given at 20/- Now 30/-
5) IFCI at 20/- Now at 40/-
6) NATCO at 350/- Now 435/- ( I given call in 2009 at 40/- Now 445/- almost 10 times return)
7) TechTran Polylences at 23/- Reached 29.5/- in 3 days time.
Now I am telling Just Buy and hold RATHI STEEL & POWER LTD because company Demerging Power Business soon; value is very high. Just buy and hold till 50/- to 100/- levels soon.
Equity : 31 Cr
Promoters Holding : 51% ;
Financial Institutions and Banks 10%;
Body Corporate : 13%;
Public Only 25%
Face Value : 10/-
EPS : 4.5/- for 2010-11 and 2011-12 Expecting 5/- (As per 20011-12 Last Three Quarters).
Book Value: 57/-
Every Year Dividend Paying company.
Dividend History : 2011 --- 3%; 2010 --- 3%; 2009 --- 3%; 2008 --- 5%; 2007 --- 5%; 2006 --- 15%
Rathi Steel & Power Ltd Planning to Expand Power Generation Business. Already Having 50MW Power Generation in Orissa. Soon will Expanding Power Business in Different locations.
Rathi Steel & Power Ltd Having Good Land Bank and Valuable Assets.
Rathi Steel & Power Ltd Expanding plans is very Aggressive.
Rathi Steel & Power Ltd Stock Will go 35/- to 65/- range in Short term and Medium Term., Like SE Investment (Call Given at 175/- Now including Bonus and Stock split 1250/-) and Bihar Tubes Ltd (Call Given at 57/- Now 165/-).
For 2010-11 Year Net Income of 845 Cr and Net Profit was 14 Cr EPS 4.5/-
For 20110-12 Full Year Estimating Net Income of 990 Cr and Net Profit of 18 Cr As per this EPS was 5/- above. But in coming Quarters Expanding Income and Power generation Income will add So Expecting EPS for 2012-13 is 9/-. Stock Trading at 11/- PE just 2 Industry PE is 14. As per this Stock will zoom to 100/- levels in 6 Months to 1 Year Time.
Rathi Steel & Power Ltd has informed BSE that in pursuit of its continual growth plans. Rathi Steel And Power has achieved financial closure for its expansion plan to enhance manufacturing capacity of long steel rolled products from 1,25,000 MT to 1,75,000 MT at Ghaziabad Plant.
The Company has already successfully completed 1st phase of its integrated steel plant at District Sambalpur (Orissa) where it has commissioned a DRI Plant, Steel Melting Shop and a Captive Power Plant. Production commenced in 2008-09. Rathi Steel having manufacturing facilities at Ghaziabad and in Orissa is an old an established player in the long segment of steel industry with an experience of more than 4 decades. Its products command a high reputation in the market.
Recently Rathi Steel & Power Ltd allotted 23,15,000 equity shares of Rs. 10/- each pursuant to conversion of 23,15,000 warrants of Rs. 22/- each earlier allotted on preferential basis to Promoters.
Rathi Steel & Power Ltd doing Steel and Power Business, Compnay Having Three Plants in India.
GHAZIABAD PLANT
The Ghaziabad Plant consists of Steel Rolling Mills having an installed capacity of 1,25,000 TPA, a high speed No Twist Block Wire Rod Mill and Steel Melting Shop with 40,000 TPA installed capacity comprising of Induction Furnace, AOD Converter, Continuous Casting machine and other facilities for manufacturing high end value- added stainless steel and alloy steel products. Company intend to further add value to the products being manufactured by us by converting them into bright bars, wires, flanges etc.
ORISSA PROJECT
Considering the Orissa Government's aggressive efforts for rapid industrialization of the State and future industrial growth of the Country, the Company has planned to setup an integrated Steel Project at village Potapali-Sikirdi, district Sambalpur (Orissa). The Company has already entered into an MOU with the Orissa Government for setting up the project. The project comprises of facilities for manufacture of 300,000 TPA Sponge Iron, a Steel Melting Shop of 5,00,000 TPA, Pig Iron of 200,000 TPA and captive Power Plant of 50 MW, to be implemented in phases, as per detailed Techno-Economic Feasibility Report submitted to the Orissa Government. The progress on the first phase of the project at a project outlay of Rs.220.50 crore.
INDORE PLANT
Rathi intend to make the Orissa plant a primary source of raw material for the existing rolling mills of the Punam Chand Rathi Group and also for the future rolling mill plants that we intend to setup all across the country. A chain of value addition from iron ore, sponge iron, captive power, steel making at the Orissa plant, to various rolling mills across the country will lead to tremendous synergy and will enable us to service our customers better by providing high quality products at competitive prices.
The promoters have also promoted a new company viz. Rathi Iron And Steel Industries Limited who has installed a Steel Rolling Mill project having capacity of 50,000 TPA at Pithampur Industrial Area, Distt. Dhar (M.P.). The production facilities are similar to that of Ghaziabad project and are well equipped with the latest technologies for producing quality CTD and TMT bars. The commercial production has already taken place and the products are being well accepted in the market.
Rathi Steel & Power Ltd having Lot Expansion Plans in Fututre. Its a Multibagger stock. Just buy and hold 1 year will get 5 times Return like NATCO Pharma (Call given in 2009 at 40/- levels Now 450/-) and SE Investments Ltd (This Stock I have Recommended at 175/- levels after that reached 1200/- levels including Bonus and Split).
Positive Points for this stock for Up moving:
1) Company is in Steel and Power Generation Business; company Circle people and Operators are accumulating at current price. Because Company Stock Good Value at 11/- Good Profit making company and Book Value at 58/- and Good dividend paying company.
2) Equity is very small at 31 Cr promoters Holding 51%
3) Company recently going Expansion Plans for Steel and Power Business. Already 50MW Power Project in Orissa.
4) Good Profit Making Company for 20010-11 EPS 4.5/- Annualized and Expecting EPS for full year 2011-12 is above 5/-because Expansion income and Power Generation Income will add next Quarters.
5) Company having Good Book Value 58/- and Good Land Bank and Good Assets.
6) Company having lot of Expansion Plans in Steel and Power.
7) FII's Eyes in this stock. If they will start buy Stock will zoom to 75/- levels easily.
8) Risk Free at Current Market Price, Its very cheap price trading at 11/- Compare to companies Reserves, Assets and Value and Equity and Profits and Future Plans and power Generation.
9) This Stock is not Participated this Market Rally. So Operators and FII's eye's in this stock.
Happy Invest ……….. Good Fundamentals and will give good returns from 100% to 500% returns with short and medium terms and Long terms.
STOCK : RATHI STEEL & POWER LTD. Trading in BSE CODE : 504903
CMP : 11/- Promoters Buying Heavily….. Increasing Stake
Target : 35/- to 65/- in Short term and Medium terms (In this Weak Market Good time to buy this worthy stock to get multi Returns in very Short time.)
Last 6 Months Given Calls 1) PITTI Laminations at 37/- Now 95/-
2) Venus Power at 7/- Now at 21/-
3) LGS Global at 45/- Now at 100/-
4) Avon Organics given at 20/- Now 30/-
5) IFCI at 20/- Now at 40/-
6) NATCO at 350/- Now 435/- ( I given call in 2009 at 40/- Now 445/- almost 10 times return)
7) TechTran Polylences at 23/- Reached 29.5/- in 3 days time.
Now I am telling Just Buy and hold RATHI STEEL & POWER LTD because company Demerging Power Business soon; value is very high. Just buy and hold till 50/- to 100/- levels soon.
Equity : 31 Cr
Promoters Holding : 51% ;
Financial Institutions and Banks 10%;
Body Corporate : 13%;
Public Only 25%
Face Value : 10/-
EPS : 4.5/- for 2010-11 and 2011-12 Expecting 5/- (As per 20011-12 Last Three Quarters).
Book Value: 57/-
Every Year Dividend Paying company.
Dividend History : 2011 --- 3%; 2010 --- 3%; 2009 --- 3%; 2008 --- 5%; 2007 --- 5%; 2006 --- 15%
Rathi Steel & Power Ltd Planning to Expand Power Generation Business. Already Having 50MW Power Generation in Orissa. Soon will Expanding Power Business in Different locations.
Rathi Steel & Power Ltd Having Good Land Bank and Valuable Assets.
Rathi Steel & Power Ltd Expanding plans is very Aggressive.
Rathi Steel & Power Ltd Stock Will go 35/- to 65/- range in Short term and Medium Term., Like SE Investment (Call Given at 175/- Now including Bonus and Stock split 1250/-) and Bihar Tubes Ltd (Call Given at 57/- Now 165/-).
For 2010-11 Year Net Income of 845 Cr and Net Profit was 14 Cr EPS 4.5/-
For 20110-12 Full Year Estimating Net Income of 990 Cr and Net Profit of 18 Cr As per this EPS was 5/- above. But in coming Quarters Expanding Income and Power generation Income will add So Expecting EPS for 2012-13 is 9/-. Stock Trading at 11/- PE just 2 Industry PE is 14. As per this Stock will zoom to 100/- levels in 6 Months to 1 Year Time.
Rathi Steel & Power Ltd has informed BSE that in pursuit of its continual growth plans. Rathi Steel And Power has achieved financial closure for its expansion plan to enhance manufacturing capacity of long steel rolled products from 1,25,000 MT to 1,75,000 MT at Ghaziabad Plant.
The Company has already successfully completed 1st phase of its integrated steel plant at District Sambalpur (Orissa) where it has commissioned a DRI Plant, Steel Melting Shop and a Captive Power Plant. Production commenced in 2008-09. Rathi Steel having manufacturing facilities at Ghaziabad and in Orissa is an old an established player in the long segment of steel industry with an experience of more than 4 decades. Its products command a high reputation in the market.
Recently Rathi Steel & Power Ltd allotted 23,15,000 equity shares of Rs. 10/- each pursuant to conversion of 23,15,000 warrants of Rs. 22/- each earlier allotted on preferential basis to Promoters.
Rathi Steel & Power Ltd doing Steel and Power Business, Compnay Having Three Plants in India.
GHAZIABAD PLANT
The Ghaziabad Plant consists of Steel Rolling Mills having an installed capacity of 1,25,000 TPA, a high speed No Twist Block Wire Rod Mill and Steel Melting Shop with 40,000 TPA installed capacity comprising of Induction Furnace, AOD Converter, Continuous Casting machine and other facilities for manufacturing high end value- added stainless steel and alloy steel products. Company intend to further add value to the products being manufactured by us by converting them into bright bars, wires, flanges etc.
ORISSA PROJECT
Considering the Orissa Government's aggressive efforts for rapid industrialization of the State and future industrial growth of the Country, the Company has planned to setup an integrated Steel Project at village Potapali-Sikirdi, district Sambalpur (Orissa). The Company has already entered into an MOU with the Orissa Government for setting up the project. The project comprises of facilities for manufacture of 300,000 TPA Sponge Iron, a Steel Melting Shop of 5,00,000 TPA, Pig Iron of 200,000 TPA and captive Power Plant of 50 MW, to be implemented in phases, as per detailed Techno-Economic Feasibility Report submitted to the Orissa Government. The progress on the first phase of the project at a project outlay of Rs.220.50 crore.
INDORE PLANT
Rathi intend to make the Orissa plant a primary source of raw material for the existing rolling mills of the Punam Chand Rathi Group and also for the future rolling mill plants that we intend to setup all across the country. A chain of value addition from iron ore, sponge iron, captive power, steel making at the Orissa plant, to various rolling mills across the country will lead to tremendous synergy and will enable us to service our customers better by providing high quality products at competitive prices.
The promoters have also promoted a new company viz. Rathi Iron And Steel Industries Limited who has installed a Steel Rolling Mill project having capacity of 50,000 TPA at Pithampur Industrial Area, Distt. Dhar (M.P.). The production facilities are similar to that of Ghaziabad project and are well equipped with the latest technologies for producing quality CTD and TMT bars. The commercial production has already taken place and the products are being well accepted in the market.
Rathi Steel & Power Ltd having Lot Expansion Plans in Fututre. Its a Multibagger stock. Just buy and hold 1 year will get 5 times Return like NATCO Pharma (Call given in 2009 at 40/- levels Now 450/-) and SE Investments Ltd (This Stock I have Recommended at 175/- levels after that reached 1200/- levels including Bonus and Split).
Positive Points for this stock for Up moving:
1) Company is in Steel and Power Generation Business; company Circle people and Operators are accumulating at current price. Because Company Stock Good Value at 11/- Good Profit making company and Book Value at 58/- and Good dividend paying company.
2) Equity is very small at 31 Cr promoters Holding 51%
3) Company recently going Expansion Plans for Steel and Power Business. Already 50MW Power Project in Orissa.
4) Good Profit Making Company for 20010-11 EPS 4.5/- Annualized and Expecting EPS for full year 2011-12 is above 5/-because Expansion income and Power Generation Income will add next Quarters.
5) Company having Good Book Value 58/- and Good Land Bank and Good Assets.
6) Company having lot of Expansion Plans in Steel and Power.
7) FII's Eyes in this stock. If they will start buy Stock will zoom to 75/- levels easily.
8) Risk Free at Current Market Price, Its very cheap price trading at 11/- Compare to companies Reserves, Assets and Value and Equity and Profits and Future Plans and power Generation.
9) This Stock is not Participated this Market Rally. So Operators and FII's eye's in this stock.
Happy Invest ……….. Good Fundamentals and will give good returns from 100% to 500% returns with short and medium terms and Long terms.
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