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Q.

What's the present scanerio of gremach ? is it the best time to buy

About: Company: Gremach Infrastructure Equipment & Projects Ltd.

Asked by murali dharan, 02 Sep '08 01:42 pm
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Answers (1)

1.

Yes its time to buys h
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.

CMP: 86
Year High: 504
Year Low: 72
PE: 3.28
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%
Debt/equity: 0.6
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
Answered by siva kumar, 06 Sep '08 08:30 am

 
  
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