What's the present scanerio of gremach ? is it the best time to buy
Here is a report on GIEPL published on the net.
GIEPLs foray into oil rigs holds immense potential and we can possibly see multifold returns in this counter.
Year High: 504
Year Low: 72
EPS: 24.43 (March 08)
Expected EPS: 30 (FY 09)
Sales: 102.36 Crores (June 08)
Equity MCAP: 127.76
Return on average equity: 35%
Net Operating Income per share: Rs 135 (March 07) amazing
Some Key factors that are favoring gremach to become a money machine:
Drilling rigs - Addition of four onshore drilling rigs with plans to add 36 more in three-four years.
Coal Mines & Equiment Rentals - Acquisition of controlling stake in coal mines in Mozambique and the booming market for equipment rentals suggest good earnings prospects. There is a global shortage and crisis of hard coking coal and this will add huge value to the profitability of the Company.
Demand-supply mismatch - A demand-supply mismatches resulting in risin ...more