HIDDEN GEM... VIJAY SHANTI BUILDERS LTD. At 14/-; Target 32/- & 45/- Stock Name : Vijay Shanthi Builders Ltd Trading in BSE Code: 523724 & NSE Code : VIJSHAN CMP : 14/- Equity : 26 cr Face Value : 10/- Book Value : 45/- EPS : Rs. 1.8/- P/E : 8 Industry P/E : 18 Dividend History Last 4 years 8% Short term Target: 32/- Medium Term Target: 45/- Share Holding Pattern : Promoters 51% & Public 49% Introduction: Vijay Shanthi Builders Limited was started in 1977 as a partnership firm in the name of Shri Shanthi Constructions by Late Mr. V. C. Jain. In its aspiration of creating a “home for all”, Vijay Shanthi went public in January 1992 with an IPO of Rs.65.5 million and is listed on the Bombay Stock Exchange (BSE), National Stock Exchange (NSE) and Madras Stock Exchange (MSE). Vijay Shanthi Builders Limited is engaged in Property Development mainly of Promotion of residential spaces in and around Chennai. VSBL is known for its excellence in quality of Homes with a delivery of clear title, on time and without cost escalations, along with necessary completion certificates from the regulatory authorities. VSBL gives guarantee for its homes, is transparent in its area calculation and provides maximum plinth area. VSBL is included in the panel of approved builders of south Indian bank, Kotak. HDFC, LIC Home Finance, ICICI Bank, IDBI Bank, SBI and other such reputed institutions. Vijay Shanthi Builders Ltd is also known to offer luxury apartments at affordable prices to discerning citizens. The Company currently has several projects under implementation and continues to explore newer opportunities. To rewind, a couple of years back; it merged High End Homes Private Limited into itself. Pursuant to this, the Company issued one equity share of Rs.10 each fully paid up, for every three equity shares held by the Shareholders in High End Homes Private Limited. Financials : For FY13-14, the company came out with sales Rs.76 Cr and Net Profit of 4.10 Cr and Projection Sales for 2014-15 is 140 Cr and Net Profit of 8 Cr based on this EPS is 3.1/- , Lot Projects is going on in Chennai. So Results will be as compare to Estimates. So Future of this stock is very good compare to all stocks. Recent Market Rally lot of Small caps and Mid caps went 100% to 400%, But this stock not perform in this market. So Its Hidden Gem easily will go 32/- short time. And 45/- in Medium term
Posted on: Wed, 10 Sep 2014 09:13:49 +0000
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