Sunday, March 25, 2018
Borosil Glass Works Ltd-Latest Updates & Valuations
Borosil
Glass Works may consider 100% acquisition of two existing closely held unlisted
domestic public limited companies. It
seems like positive news
Valuations : Borosil Glass Works Ltd
has Net Cash / Share of Rs.1995.30 & it is now trading at 1.2 X to its EPV.
RoE & RoCE are good of 18% & Return on Invested Capital is very
lucrative at 40.5% with Revenue growth of ~6%. Cos is expending the excess cash
with new acquisition, which will increase its market share. Long term is
looking promising.
TRF Ltd -Latest Updates & Valuations
The Board of
TRF has approved the proposal of sale/divestment of its entire stake in its
step-down subsidiary – York Transport Equipment (Asia) Pte, Singapore. This
should be a positive for this small-cap company with a small equity of just
Rs.11 crore.
Valuations : TRF has Net Cash / Share of Rs. 60 & it
is now trading at ~20% Discount to its EPV. RoE is high at 39% while RoCE is on
the lower space at 1% only with Revenue growth of ~6%. Disposing at Higher level
is wise.
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