WHAT WENT WRONG IN AMTEK AUTO

1:COMPANY sales in 2008 was 4656 cr while profit 427 cr with good margin.
In 2009 sales came down upto 3438 cr after this company started to raise borrowing to finance growth, which resulted sales growth a little bit upto 3690 cr from 3438 cr.
🛏️🛏️🛏️🛏️🛏️🛏️🛏️🛏️🛏️🛏️🛏️🛏️🛏️
Here interest rising which was 115 cr in 2008 went upto 152 cr in 2009.
2:Company continued to raise fund in terms of debt plus equity which resulted sales growth but increased interest burden.
🛏️🛏️🛏️🛏️🛏️🛏️🛏️🛏️🛏️🛏️🛏️🛏️🛏️
Net profit
2008:427 cr
2009: 127 cr
2010:240 cr
2011:259 cr
2012:581 cr
2013:418 cr
2014:848 cr
2015:-562 cr
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While interest is as follows
115 cr
152 cr
205 cr
290 cr
520 cr
775 cr
1139 cr
1508 cr
You can see from 2010 company is paying more interest than net profit.
In 2015 this interst become too much which resulted in loss.
🛏️🛏️🛏️🛏️🛏️🛏️🛏️🛏️🛏️🛏️🛏️🛏️🛏️🛏️
COMPANY finance its assest through debt and equity but could not improve EBIDTA.
Certain level of debt is good but each year raise debt shows incompetent management.
Surprising that in 2015 company sold off assest to repay borrowing.
🛏️🛏️🛏️🛏️🛏️🛏️🛏️🛏️🛏️🛏️🛏️🛏️🛏️
So where is growth?
ANOTHER THING to consider that in 2012 investment was 67 cr which went up 2600 cr in 2015 means fund diversion.
Cash conversion cycle continued to be high from 2009 57 to 123 in 2011 means double.
🛏️🛏️🛏️🛏️🛏️🛏️🛏️🛏️🛏️🛏️🛏️🛏️🛏️
It meant most of company funds blocked with debtor and inventory.
Market know this thats why amtek auto price kept going down from 250 to 170 but unfortunately most of investor didn’t know.
🛏️🛏️🛏️🛏️🛏️🛏️🛏️🛏️🛏️🛏️🛏️🛏️🛏️
AMTEK AUTO management from the start always tried to grow by raising debt.
They always raised fixed assets from debt but this move neither improved EBIDTA nor margin but resulted huge interest cost burden plus increased pressure from equity shareholders for dividend.
🛏️🛏️🛏️🛏️🛏️🛏️🛏️🛏️🛏️🛏️🛏️🛏️🛏️🛏️
CONCLUSION :be alert when companies growth finances by debt alongwith equity
Year by year.
When cash conversion cycles increases year by year.
When company start increasing investment.

PANAMA PETRO MULTIBAGGER ONCE AGAIN

Panama petro first posted on my page last year @70
Again on twitter @114
💴💴💴💴💴💴💴💴💴💴💴💴💴💴
Panama Petrochem Ltd was established in 1982. With four manufacturing plants across India today, Panama Petrochem Ltd is one of the leading manufacturers and exporters of more than 80 variants of petroleum specialty products. The products are vital for various industries like inks and resins, textiles, rubber, pharmaceuticals, cosmetics, power, cables and other industrial purposes.
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Panama Petrochem Ltd, has four manufacturing units in India with a state of art technology and facilities located at Ankleshwar(Gujarat), Daman(Union Territory), Daman(Gujarat) and Taloja (Dist. Raigadh).
The plant at Dahej is a fully computerised plant built on DCS/PLC systems to meet international quality and manufacturing standards. Ankleshwar plant has a fully equipped and DSIR approved R&D centre.
Panama Petrochem Ltd, also has unfolded its range of manufacturing facilities through establishment of Panol Industries RMC, FZE a wholly owned subsidiary of the Company situated at Ras Al Khaimah, UAE. The company caters to the GCC and MENA regions and enjoys logistic advantage as it is situated on the port and has direct dedicated pipeline arrangements.
Products include
White oil
Petroleum jelly
Transformer oil
Ink and coating oil
Rubber process oil
Automative oils
Source (Annual report)
💶💶💶💶💶💶💶💶💶💶💶💶
LAST 3 YEARS SALES
2015: 805 cr
2016: 751Cr
2017: 833Cr

Last 3 years Inspite of NEGLIGIBLE Sales growth company has achieved good margins. Company has made capital expenditure which resulted improved EBIDTA but this year Company going to expand capacity considering product demands.
🛏️🛏️🛏️🛏️🛏️🛏️🛏️🛏️🛏️🛏️🛏️🛏️🛏️
LAST 3 YEARS EBIDTA

2015: 31.86 Cr
2016: 48.67Cr
2017: 76.6 Cr
Ebidta has grown 140% approximately in 3 years.
⛱️⛱️⛱️⛱️⛱️⛱️⛱️⛱️⛱️⛱️⛱️⛱️⛱️⛱️⛱️
LAST 3 YEARS EPS
2015: 3.98
2016: 6.13
2017: 10.71
Eps has grown 170% in 3 years.
🏝️🏝️🏝️🏝️🏝️🏝️🏝️🏝️🏝️🏝️🏝️🏝️🏝️
NET PROFIT MARGIN
2015: 2.19%
2016: 3.34%
2017: 5.18%
COMPANY net profit margin CONTINOUSLY Improving.
Almost doubled in 3 years
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Panama petro serves various industries within india and outside india.
Considering products demand, company is expanding capacity through internal accruals.
PROMOTERS increasing stake in last 2 years which has been 71% from 48%.
Since promoters know their company than others, its very positive sign for company growth.
⛱️⛱️⛱️⛱️⛱️⛱️⛱️⛱️⛱️⛱️⛱️⛱️⛱️⛱️⛱️⛱️
Expected Target For 2018
Expected Ebidta : 111Cr
Expected Npm: 7.51%
Expected Eps: 16.70
CURRENTLY TRADING AT PRICE TO EARNING OF 15,SO ASSUMING THIS PRICE SHOULD BE 250 TILL 2018.
🛏️🛏️🛏️🛏️🛏️🛏️🛏️🛏️🛏️🛏️🛏️🛏️🛏️🛏️
Disclosure : I am holding Panama petro and blog related content my personal view only.

Good pledge vs Bad pledge .

In our stock selection first things we notice about management is that of pledge.
If there is a pledge on shares we dont proceed immediately but in case of no pledge we just jump to the next point.
⛱️⛱️⛱️⛱️⛱️⛱️⛱️⛱️⛱️⛱️⛱️⛱️⛱️⛱️⛱️⛱️
Pledge could be for many reasons.
Like some companies dont want to take borrowing, and need immediate capital for operation so they initiate pledge.
After pledge of shares we closely have to monitor financial performance of the Company.
⛱️⛱️⛱️⛱️⛱️⛱️⛱️⛱️⛱️⛱️⛱️⛱️⛱️⛱️⛱️⛱️⛱️
Suppose company pledge its shares and next quarter posted either flat results or bad results then we should be alert immediately.
Some promoters uses pledge proceeds for their own instead of business.
So pledge is not bad but its impact should be in financial performance.
Investor should consider that even after huge capital employment why company performance is not improving.
Since on moneycontrol each stock is called Multibagger. So be aware.
⛱️⛱️⛱️⛱️⛱️⛱️⛱️⛱️⛱️⛱️⛱️⛱️⛱️⛱️⛱️
Like star paper and mangalam drug having pledge but their financial performance each quarter improving whether top line or bottom line and examples of good pledge .
⛱️⛱️⛱️⛱️⛱️⛱️⛱️⛱️⛱️⛱️⛱️⛱️⛱️⛱️⛱️⛱️⛱️⛱️⛱️⛱️⛱️⛱️⛱️
While DQ entertainment promoter having pledge of 100 % but still making loss.
This is bad pledge and investors should be alerted when each quarter company posting bad results even after such huge capital employment in business.

WHY MOREPEN LAB NOT MOVING

MORE PENS STATE -OF -ART MANUFACTURING FACILITY
Baddi COMPRISES A SCIENTIFICALLY INTEGRATED COMPLEX OF 10
PLANTS , EACH WITH A SPECIFIC PRODUCT PROFILE .
🛏️🛏️🛏️🛏️🛏️🛏️🛏️🛏️🛏️🛏️
THE COMPANY’S EXTENSIVE
R&D FACILITIES AND FACTORIES ARE MANNED BY A DEDICATED TEAM OF
PROFESSIONALS WHO ENSURE STRINGENT QUALITY STANDARDS .
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TODAY MOREPEN IS
EXPORTING PRODUCTS TO SEVERAL COUNTRIES ROUND THE GLOBAL .

THE FIRST MOREPEN MANUFACTURING PLANT WAS SET UP ON THE FOOTHILLS OF
THE HIMALAYAS IN THE IDYLLIC SURROUNDINGS OF THE PARWANOO .
🗼🗼🗼🗼🗼🗼🗼🗼🗼🗼🗼🗼🗼

THE LARGE AND
SPREAD OUT FACILITY IS USFDA APPROVED FOR MANUFACTURE OF LORATADINE ,
AN ANTI-ALLERGY DRUG – INTERNATIONALLY KNOWN AS CLARITIN
(COMPANY SITE)
🛤️🛤️🛤️🛤️🛤️🛤️🛤️🛤️🛤️🛤️🛤️🛤️🛤️🛤️

MOREPEN HAS BEEN HANDLING COMPLEX CHEMICAL MANUFACTURING PROCESSES
SINCE LONG.
⛰️⛰️⛰️⛰️⛰️⛰️⛰️⛰️⛰️⛰️⛰️⛰️⛰️⛰️⛰️
GREATER EMPHASIS PLACED ON ADVANCED DRUGS AND INTERMEDIATES
LIKE ANTI-HYPERTENSIVE,ANTI-DIABETIC
API REVENUES FOR THE CURRENT YEAR HAVE REGISTERED A GROWTH OF 28%
WITH INCREASED COVERAGE OF EXPORT MARKETS .
🛎️🛎️🛎️🛎️🛎️🛎️🛎️🛎️🛎️🛎️🛎️🛎️🛎️🛎️
API BUSINESS MAKES UP OVER 63% OF OVERALL  BUSINESS OF THE COMPANY
AGAINST 60% IN THE LAST YEAR.
🖼️🖼️🖼️🖼️🖼️🖼️🖼️🖼️🖼️🖼️🖼️🖼️🖼️
COMPANY HAS LAUNCHED A NEW BUSINESS UNDER THE NAME “GROOMING”
IN 2016 AND CURRENT YEAR SALES OF IT 2.74 CR AND COMPANY EXPECTS
BETTER PERFORMANCE FROM THIS.

🏖️🏖️🏖️🏖️🏖️🏖️🏖️🏖️🏖️🏖️🏖️🏖️🏖️
FINANICIAL PERFORMANCE

🏭🏭🏭🏭🏭🏭🏭🏭🏭🏭
SALES IN 2011 :216 CR
SALES IN 2016:452 CR
SALES GROWTH:109%
🏕️🏕️🏕️🏕️🏕️🏕️🏕️🏕️🏕️🏕️🏕️
NET PROFIT IN 2011 WAS( -42.98 CR) BUT IN 2016 ITS 15.78 CR.
COMPANY WAS MAKING LOSS DUE TO HEAVY R&D EXPENDITURE AND OTHERS EXPENSES WHICH KEPT
REDUCING YEAR BY YEAR AND IN 2015 IT BECOMES LOSS TO PROFIT.
🖼️🖼️🖼️🖼️🖼️🖼️🖼️🖼️🖼️🖼️🖼️
SINCE THE MAIN COST WHICH PHARMA COMPANY FACES ARE R&D EXPENDITURE IF AFTER SUCH EXPENDITURE MARKET DIDN’T TAKE ITS PRODUCTS POSITIVELY THEN ANY COMPANY FINANCIAL DESTROY.
🏝️🏝️🏝️🏝️🏝️🏝️🏝️🏝️🏝️🏝️🏝️🏝️
IN 2016 IT WAS TRADING AT PE OF 75 AND NOW CURRENTLY TRADING PE OF
41.72 MEANS SOME IMPROVEMENT IN EARNING.
🛏️🛏️🛏️🛏️🛏️🛏️🛏️🛏️🛏️🛏️🛏️🛏️🛏️
COMPANY HAS NEVER PAID DIVIDEND DUE .
🛏️🛏️🛏️🛏️🛏️🛏️🛏️🛏️🛏️🛏️🛏️🛏️
IN LAST 3 QUARTERS THERE IS NO IMPROVEMENT IN QUARTERLY EBIDTA LEVEL
THAT’S WHY MARKET IS NOT READY TO GIVE PRICE RISE.
🏮🏮🏮🏮🏮🏮🏮🏮🏮🏮🏮🏮
RIGHT NOW COMPANY IS NOT MAKING TOO MUCH EXPENSE ON R&D AND GIVING FOCUS TO CUT COST AND OTHER EXPENSES.
🏙️🏙️🏙️🏙️🏙️🏙️🏙️🏙️🏙️🏙️🏙️🏙️
COMPANY IS REDUCING DEBT EACH YEAR WHICH IS A GOOD SIGN .
🚿🚿🚿🚿🚿🚿🚿🚿🚿🚿🚿

COMPANY HAS MADE INVESTMENT ON DEBTOR TO INCREASE TOP LINE.
🏟️🏟️🏟️🏟️🏟️🏟️🏟️🏟️🏟️🏟️🏟️🏟️🏟️
COMPANY EMPLOYEE COST IS INCREASING EACH YEAR AND RIGHT NOW 10% OF TOTAL SALES.
🏜️🏜️🏜️🏜️🏜️🏜️🏜️🏜️🏜️🏜️🏜️🏜️🏜️🏜️
THE STATUTORY AUDITOR HAS COMMENTED  ABOUT DELAY IN DUE PAYMENT TO LENDERS,
TDS,VAT,ESI ETC.
🖼️🖼️🖼️🖼️🖼️🖼️🖼️🖼️🖼️🖼️🖼️🖼️

COMPANY HAS NOT REDEEMED PREFERENTIAL SHARES WHICH WAS MENTIONED BY
SECRETARIAL AUDITORS IN HIS REPORT
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COMPANY IS PLANNING TO CONVERT PREFERENTIAL SHAREHOLERS INTO EQUITY
SHARES IF IT HAPPENS THIS WILL INCREASE BURDEN ON COMPANY TO IMPROVE
EPS RESULTING SHARE PRICE.
🏜️🏜️🏜️🏜️🏜️🏜️🏜️🏜️🏜️🏜️🏜️🏜️
COMPANY IS NOT ASSURED REGARDING ITS US  GROWTH DUE TO DECLINING
DEMAND IN SMALL MOLECULES
🏔️🏔️🏔️🏔️🏔️🏔️🏔️🏔️🏔️🏔️🏔️🏔️🏔️
THE SEGMENT IN WHICH COMPANY IS OPERATING IS HIGHLY COMPETITIVE AND
LARGE PLAYERS GIVE NO ROOM TO SUSTAIN.
🗺️🗺️🗺️🗺️🗺️🗺️🗺️🗺️🗺️🗺️🗺️🗺️🗺️🗺️
API BUSINESS IS HIGHLY EXPORT ORIENTED AND EXCHANGE RATE FLUCTUATIONS
CAN IMPACT DRASTICALLY ITS REVENUE.
⛩️⛩️⛩️⛩️⛩️⛩️⛩️⛩️⛩️⛩️⛩️⛩️⛩️⛩️⛩️
CONCLUSION-
COMPANY IS TRYING TO REDUCE COST PLUS DEBT BUT CONVERSION OF PREFERENTIAL SHAREHOLDERS INTO EQUITY INCREASES EQUITY RESULTING DECREASING EPS.
🏙️🏙️🏙️🏙️🏙️🏙️🏙️🏙️🏙️🏙️🏙️🏙️🏙️
EXCEPT THIS AS PER HISTORICAL DATA IF COMPANY FAILED TO CUT R&D AND OTHERS COST THEN IT ONCE AGAIN BECOME LOSS MAKING.
🏖️🏖️🏖️🏖️🏖️🏖️🏖️🏖️🏖️🏖️🏖️🏖️
SO FRESH INVESTMENT NOT SUGGESTED.
THERE MAY BE CHANCES OF ERRORS WHICH CANT BE DENIED.
🛌🛌🛌🛌🛌🛌🛌🛌🛌🛌🛌🛌🛌
THIS IS MY PERSONAL VIEW NO INVESTMENT IDEA WHICH MAY BE INCORRECT.

CHALLENGES OF SOLAR INDUSTRIES

1:IN INDIA SOLAR INDUSTRY HAS MUCH COMPETITION ALREADY WHICH CREATE MARGIN PRESSURE, EXCEPT THIS DUMPING BY CHINA AND USA COMPANIES IN INDIA ANOTHER MAJOR PROBLEM.
IN 2010 GOVERNMENT PUT ANTI-DUMPING DUTY BUT THAT DIDN’T SOLVE ISSUE MUCH.
RECENTLY CHINESE COMPANIES STARTED A PLANT WITH SB ENERGY IN ANDHRA PRADESH THATS ANOTHER BLOW.
http://www.4-traders.com/news/Chinese-plant-to-provide-solar-energy-to-seven-lakh-households-in-Andhra–24609003/
🎆🎆🎆🎆🎆🎆🎆🎆🎆🎆🎆🎆🎆🎆
2:LAND POSSESSION
SOLAR INDUSTRY REQUIRE HUGE LAND BANK FOR OPERATION WHICH IS ANOTHER PROBLEM.
GETTING LAND IN INDIA IS NOT EASY.
AGRICULTURAL LAND CANT BE USED, MANY LEGAL ISSUES FOR LAND ENTITLEMENT ANOTHER PROBLEM.
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3:CAPITAL INTENSIVE
SOLAR INDUSTRY IS HIGHLY CAPITAL INTENSIVE.
SOLAR COMPANIES HAVE TO MAKE HEAVY CAPITAL EXPENDITURE AT START OF THE PROJECT.
🎆🎆🎆🎆🎆🎆🎆🎆🎆🎆🎆🎆🎆🎆
4:FINANCING PROBLEM
SOLAR COMPANIES FACE FINANCING PROBLEM FROM FINANCIAL INSTITUTIONAL.
INDIA IS ALREADY FACING NPA PROBLEM, BANKS PARTICULARLY AVOID FINANCING TO SOLAR INDUSTRY CONSIDERING THEIR HEAVY COST OF OPERATION.
IT CAN EASILY FOUND THAT MOST OF SOLAR COMPANIES SHARES ARE PLEDGED WITH FINANCIAL INSTITUTIONS.
🎆🎆🎆🎆🎆🎆🎆🎆🎆🎆🎆🎆🎆🎆

5:ALTERNATIVE OPTION
THERE ARE ALSO OTHERS ALTERNATIVE SOUCES LIKE BIOMASS, WIND, TIDAL, NUCLEAR.
THIS CREATE HURDLES FOR SOLAR INDUSTRIES.
🎆🎆🎆🎆🎆🎆🎆🎆🎆🎆🎆🎆🎆🎆
6:MAINTENANCE COST

DUST , HIGH TEMPERATURES CONTRIBUTE TO A SIGNIFICANT INCREASE IN THE COST OF OPERATING SOLAR POWER PLANTS IN THE COUNTRY .
🎆🎆🎆🎆🎆🎆🎆🎆🎆🎆🎆🎆🎆🎆
7:IMPORT OF SILICON
TO MANUFACTURE SOLAR CELLS, SOLAR COMPANIES HAVE TO IMPORT SILICON AND SOLAR WAFRES.
THIS IS MAJOR OPERATIONAL COST AND CREATE MARGIN PRESSURE.

WHATEVER IS POSTED HERE ONLY MY PERSONAL OPINION.

WHY ARCHIDPLY IS BETTER THAN UNIPLY

ARCHIDPLY VS UNIPLY
💥 💥 💥 💥 💥 💥 💥 💥 💥
1:MARKET CAPITAL
UNIPLY: 826CR
ARCHIDPLY : 200CR
🗯️🗯️🗯️🗯️🗯️🗯️🗯️🗯️🗯️🗯️🗯️🗯️🗯️🗯️
2:PRICE TO BOOK
UNIPLY: 6.5
ARCHIDPLY : 1.54
🗯️🗯️🗯️🗯️🗯️🗯️🗯️🗯️🗯️🗯️🗯️🗯️🗯️🗯️
3:MARKET CAP TO SALES
UNIPLY: 3.10
ARCHIDPLY : 0.74
🗯️🗯️🗯️🗯️🗯️🗯️🗯️🗯️🗯️🗯️🗯️🗯️🗯️🗯️🗯️
4:PRICE TO EARNING
UNIPLY: 113
ARCHIDPLY : 30
🗯️🗯️🗯️🗯️🗯️🗯️🗯️🗯️🗯️🗯️🗯️🗯️🗯️🗯️🗯️
5: INVENTORY DAYS
UNIPLY :135
ARCHIDPLY : 90
🗯️🗯️🗯️🗯️🗯️🗯️🗯️🗯️🗯️🗯️🗯️🗯️🗯️🗯️🗯️
6:DEBT TO EQUITY
UNIPLY : 1.27
ARCHIDPLY : 0.37
🗯️🗯️🗯️🗯️🗯️🗯️🗯️🗯️🗯️🗯️🗯️🗯️🗯️
7:FREE CASH FLOW PER SHARE
UNIPLY : (-12/SHARE)
ARCHIDPLY : 3.5 /SHARE
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8:PROMOTERS HOLDING WITH PLEDGE
UNIPLY : 32% WITH 46 PERCENT PLEDGE
ARCHIDPLY : 72% WITHOUT PLEDGE
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9:DEBT TO RESERVES
UNIPLY :DEBT DOUBLE FROM RESERVES
ARCHIDPLY :RESERVES DOUBLE TO DEBT
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10:EV TO EBIDTA
UNIPLY :40
ARCHIDPLY :11

NOW PEOPLE THINK WHY AM I COMPARING ARCHIDPLY WITH UNIPLY BECAUSE BOTH ARE SMALL CAP COMPANIES AND GROWING BUT ARCHIDPLY FUNDAMENTAL FAR BETTER THAN UNIPLY.

GUESS THE STOCK

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1:COMPANY BELONGS TO MANUFACTURING SEGMENT.
2:COMPANY MARKET CAP BELOW 500 CR
3:COMPANY IS BIGGEST BRAND IN INDIA IN ITS INDUSTRY.
4:TOTAL TURNOVER MORE THAN 500 CR
5:COMPANY GROWTH RELATED TO GROWTH IN INFRASTRUCTURE, HOUSING SECTOR WHICH IS GROWING RAPIDLY.
6:PROMOTERS HOLDING MORE THAN 60 PERCENT WITH NEGLIGIBLE INSTITUTIONAL HOLDING.
7:COMPANY HAS POSTED STRONG QUARTER 4.
8:CURRENT MARKET PRICE BELOW 200
9:COMPANY HAS NEVER MADE LOSS IN LAST 10 YEARS.

COMPETENT AUTO A GOOD INVESTMENT

COMPETENT AUTO LTD

(BSE CODE 531041)
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THE COMPANY , COMPETENT AUTOMOBILES CO . LTD . (CACL) IS A PART OF DELHI BASED COMPETENT GROUP , PROMOTED BY . RAJ CHOPRA. THE COMPANY IS A PROFIT MAKING COMPANY SINCE INCEPTION AND ENGAGED IN AUTOMOBILES BUSINESS .
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PRESENTLY THE COMPANY HAS ITS PRESENCE AS A DEALER OF MARUTI SUZUKI IN DELHI , HARYANA AND HIMACHAL PRADESH . IN DELHI THE COMPANY HAS 5 SHOWROOMS AND 3 WORKSHOPS , IN HARYANA 2 SHOWROOMS AND A WORKSHOP AND IN HIMACHAL PRADESH 2 SHOWROOMS AND 2 WORKSHOPS.
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COMPETENT STATUS IS RE -AFFIRMED EVERY YEAR AT THE ALL INDIA MARUTI DEALERS ‘ CONVENTION ,THE COMPANY BAGS MAXIMUM NUMBER OF AWARDS IN ALL CATEGORIES. CHIEF AMONG THESE AWARDS ARE THOSE FOR BEST SALES , SERVICE AND CUSTOMER SATISFACTION .
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COMPETENT S SERVICES HAVE , IN THE PAST CONSISTENTLY WON THE PRIMARY AWARD THAT REALLY MATTERS TO ANY ORGANIZATION PROVIDING SERVICES – THE APPROVAL OF THE CUSTOMER .
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AS A TESTIMONIAL TO THIS , COMPETENT HAS ENJOYED THE MOST REPEAT CUSTOMERS AMONG MARUTI DEALERS THE COMPANY HAS SOLD MORE THAN 2,50,000 VEHICLES AND THE NUMBERS ARE GROWING YEAR ON YEAR .(COMPANY SITE)
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AS WE KNOW MARUTI IS AN EVER GROWING COMPANY AROUND THE WORLD AND LEADER IN CAR SEGMENT IN INDIA.
EACH YEAR MARUTI BRONGS A NEW MODEL AND THAT IS SOLD IMMEDIATELY.
AS PER LATEST REPORT MARUTI BALENO MADE HIGHEST SALES EVER.

ITS ASSOCIATION IS VERY POSITIVE FOR A COMPANY WHICH CONSISTENTLY MAKING PROFIT.

SOME FUNDAMENTAL FACTS:
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COMPETENT HAS 75% PROMOTERS SHAREHOLDING, WHICH EVERYONE DESIRE IN STOCK MARKET.
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NO DII AND FII HAS HOLDING WHICH CONFIRMS THAT PRICE WILL APPRECIATE FASTLY WHEN GOT COVERAGE.
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COMPETENT MARKET CAP ONLY 120CR WHICH IS LESS THAN EVEN QUARTERLY SALES WHILE BOOK VALUE IS 189 CR.
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COMPETENT HAS TOTAL ASSEST 239CR
WHILE SALES 1181 CR MEANS SALES TO ASSEST 5 TIMES.
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COMPETENT SALES GROWTH IN LAST 2 YEARS 27.81% EPS GROWTH 21%.
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CURRENTLY ITS TRADING AT PE OF 7.80 WHILE INDUSTRY PE IS 39.
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COMPETENT NET SALES PER SHARE IS 188 WHICH IS ALSO MORE THAN ITS MARKET CAP.
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COMPETENT CONSISTENT PERFORMED IN LAST MANY YEARS PAID DIVIDEND TO SHAREHOLDERS AND NEVER MADE LOSS.
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COMPANY HAS MORE PLANS TO OPEN SHOWROOMS IN COMING YEAR.
CONSIDERING MARUTI GROWTH COMPETENT CANT BE IGNORED FOR LONG TIME.
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CONSIDERING ABOVE FACTOR AND GROWTH IN AUTOMOBILES SECTOR I THINK IT CAN BE MULTIBAGGER IN FUTURE AND AT CURRENT PRICE ITS CHEAP AND BEST BUY.
THERE IS NO DOWNSIDE POSSIBLE.
http://www.moneycontrol.com/news/business/maruti-suzuki-sales-rise-8-in-march-to-1-39-lakh-units-2251125.html

DISCLAIMER :I AM HOLDING THIS STOCK.