Stock Recommendations For Your Portfolio
Ashwin Bura / 08 Jan 2015
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.
GUJARAT STATE FERTILIZERS & CHEMICALS LTD.
GSFC | BSE CODE: 500690 | VOLUME:249129 | CMP: Rs.103 | FACE VALUE: Rs.2
Gujarat State Fertiliser Corporation (GSFC) has been promoted by the Gujarat government holding about 38 per cent equity stake in it. It operates in the fertiliser and the industrial chemical segment. During H1FY15, it posted a total income of Rs.2789 crore as compared to Rs.2491 crore in H1 FY14, an increase of 12 per cent. EBITDA grew by 55 per cent at Rs.387 crore as against Rs.249 crore in H1 FY14 and improved margin by 388 bps points to 13.87 per cent. Net profit grew by 118 per cent to Rs.232 crore in H1 FY15 from Rs.107 crore for the end of H1 FY14 due to lower depreciation and interest cost. Currently, GSFC is trading at a TTM PE ratio of 8.77 and on the basis of its price to book, it trades at 0.92x.
ROLTA INDIA LTD.
ROLTA INDIA | BSE CODE: 500366 | VOLUME:353465 | CMP: Rs.98 | FACE VALUE: Rs.10
Rolta India a leading provider of innovative IT solutions for many vertical. Its clientele, includes Governments, Defence and Homeland Security, Utilities, Power, Banking and Insurance. During the fi rst half of FY15 its topline grew by 42.5 per cent at Rs.1,766.57 crore as against Rs.1,239.97 crore in H1FY14. EBITDA grew by 33 per cent at Rs.621.20 crore as against Rs.466.63 crore in H1FY14. Th e company posted a net profit of Rs.132.6 crore in H1 FY15 as against loss of Rs.976 crore in H1FY14 which is not comparable due to exceptional item. Rolta along with Bharat Electronics has formed an exclusive consortium for a government of India project in the defence sector. Few companies were shortlisted for the project and Rolta was one of them. Defense sector traditionally provided for 18-20 percent of Rolta’s total revenues. But going ahead, we expect the sector to contribute 30-40 per cent of revenues.
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