Stock Recommendations For Your Portfolio
M.m Mehta / 19 Jun 2014
The scrips in this column have been recommended with a short-term investment horizon in mind and carry high risk. Therefore, investors are advised to take into account their risk appetite before investing, as fundamentals may or may not back the recommendations.
With a handsome order book of `4100 crore till the end of FY14, ITD Cementation provides strong revenue visibility for more than two years to come. With the thrust of the newly formed government on infrastructure, the street expects that the company will benefi t from the new government’s emphasis on spurring infrastructure growth and removing regulatory bottlenecks in the infrastructure space, which should help revive several stalled projects. Going forward, there is a scope for signifi cant growth for the company as it has wide presence in the infrastructure space with several opportunities being anticipated. Th e company also sees a huge potential in the industrial segment. It is also expected that going forward, the company will receive some heft y orders and it is also focussing on deleveraging the balance sheet.
JAY BHARAT MARUTI | BSE CODE : 520066| Volume : 205259 | CMP : Rs.97
With a diversified business model, Jay Bharat Maruti has presence across various segments like manufactures sheet metal components and assemblies, air tanks, body in-white parts, to name a few. Th ese products are used in passenger cars/ SUVs, 2 wheelers, 3 wheelers, commercial vehicle (LCV/HCV), farm equipment, construction equipment and railway locomotives. Th e company also manufactures low fl oor city buses. On the fi nancial front, the EBITDA margin of the company improved from 7.93 per cent to 8.77 per cent in FY14. Its total D/E ratio also came down from 1.04 to 0.77 in the last fi scal. In FY14, the company’s ROE arrived at 18.0 per cent from 13.6 per cent in FY13 which is another positive sign. Th e company’s topline increased at a Compounded Annual Growth Rate (CAGR) of 11 per cent over FY10-14 and its PAT jumped at an annual run rate of 14 per cent over the same period.
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