MAXWELL INDUSTRIES LTD CMP 20.4

One of the oldest Indian companies engaged in manufacturing and marketing of innerwear, Maxwell Industries is targeting Rs 1,000 crores turnover in the next three years. Also on its agenda this year is opening of EBOs. “We market well-known brands viz. VIP Innerwear, Frenchie, Frenchie X, and VIP Feelings and all their sub brands. Maxwell’s brands and their extensions have leadership position with a significant market share in their respective categories. We want to achieve the No. 1 position not only in market share but also through a clear perception that the consumer carries about the brand,” explains Sunil J Pathare, Vice Chairman and Managing Director, Maxwell Industries.

Maxwell Industries is present throughout the spectrum of innerwear industry, with VIP innerwear in the budget and economy segment; Frenchie, a generic brand offering briefs; and Frenchie X in the premium segment for youth. In the women’s lingerie segment, VIP Feelings represents Maxwell Industries. This brand is known for its innovations and creation of categories such as nursing bras and sanitary panties. Talking about the inception and journey of VIP, Pathare elaborates, “Maxwell entered the category when it was completely a commodity market, in the year 1971. It created the brand VIP and started the most complicated process of creating a brand in a commodity market. We were the only player till the mid-eighties who were pumping money into this category for creating a brand. It has definitely paid off as far as VIP is concerned. We have seen the consumer evolving from commodity to brand to international brand. The trade has shifted from wholesale to distribution to modern trade to exclusive brand stores.”

Today, the group has a dealer network of 550 and 1,10,000 retail outlets in India alone with a potential for growing even more, which the group is intent on exploiting. “Maxwell Industries today boasts of six regional offices with a sales force of over 150 highly motivated individuals throughout major towns. The brand range starts with VIP (Male Mid Segment), Leader (Male Economy Segment – Largely Rural India), Frenchie (Male Premium Segment), Frenchie X (Male Premium Segment), Feelings (Female Mid and Premium Segment) and BRAT (Unisex Kids’ Brand on Mid and Premium Side),” adds Pathare.

Moving ahead, the company now wants to explore and focus on socks and thermals. Maxwell is also into exports exporting mostly to Middle East, Africa and some European countries

EROS INTERNATIONAL MEDIA LTD CMP 169

The entertainment industry, though dependent on the economic environment, has select players that are able to thrive. Eros International Media (Eros) is one such film distributor and co-producer of Hindi and select regional movies. The company has managed to derive significant revenues from mega and large budget movies, while reducing business risks by monetising the cable and satellite rights for such films.

At Rs 169, the share trades at eight times its likely per share earnings for FY13. This is lower than the valuation enjoyed by multiplex players as well as the historical multiples that it enjoys.

A slew of top movie releases that have been successful in the current fiscal, a strong pipeline of star-studded films and the ability to monetise movie rights by selling them to satellite channels are key positives for the company.

In the present slowing economic environment, the company is not going big on mega budget movies of Rs 100-150 crore, like it did in the last fiscal.

The company recovers 35-40 per cent of its costs by selling movie rights to channels such as Colors, Zee TV and Star Plus. In co-production, Eros tends to enter into revenue-sharing arrangements only after it recovers a significant portion of its investment. Together, these strategies reduce the risk inherent in the film production and distribution business.

The pipeline of movies, especially in Tamil, is quite promising. Films such as Kochadaiyaan,, Maatran and Yohaan Adyayam Ondru have strong casts as well as established directors.

PENNAR INDUSTRIES LTD CMP 26.6

Pennar Industries (NSE: PENIND, BSE: 513228) is one of India’s leading industrial companies engaged in the production and marketing of specialized and engineered metal products. The Company is a leading manufacturer of profiles and components in various grades of steel and stainless steel. It caters to the auto, white goods, railways and infrastructure sectors. In January 2010, the Company through its subsidiary, Pennar Engineered Building Systems Limited (PEBS) started providing Pre-Engineered Building solutions. PEBS has a technical collaboration with NCI Group, a global leader in pre-engineered structures, which enables the Company to provide world class weather proof building solutions.

Investors Presentation Oct 2012

http://www.churchgatepartners.com/doc_download.aspx?public=1&document_id=2914

Recent developments :
PEBS Pennar secures orders worth Rs 60 crore

Published on Fri Sep 14, 2012 at 02:41 PM

Pennar Engineered Building Systems (PEBS Pennar), a subsidiary of Pennar Industries has announced the receipt of orders from Ultratech Cements, Kirloskar Pneumatic and others amounting to Rs 60 crore. The company has secured repeat order from Aditya Birla group`s Ultratech Cements for design, manufacture, supply and installation of three buildings to be used for storage of limestone, additives and lime stock piles. Out of these, two buildings will be built in an area of 25,705 Sqm and 22,449 Sqm, respectively at Malkhed, Karnataka and are expected to be completed in 30 weeks. The third building is spread over an area 14,150 sqm and is located at Gothan, Rajashan. This is the sixth order from Ultratech Cements. Previously, PEBS Pennar has executed projects across India for Ultratech Cements including India`s first pre-engineered building with 99 meter clear span at Kotputli, Rajasthan.
The company has secured order from Kirloskar Pneumatic for its manufacturing unit near Pune. The building is spread across an area of 8,300 sqm and is expected to be completed in 14 weeks.
The company has secured order from Navayuga Engineering for design, manufacture, supply and installation of a missile storage facility for DRDO (Defense Research and Development Organization). The project is coming up in Himachal Pradesh and is expected to be completed in 12 weeks.
The company has secured repeat order from Jampana Constructions for design, manufacture, supply and installation of steel structures for a Government of India Advance Training Project. Jamapana Constructions is the turnkey contractor for the project. The project is located in Nagpur and the building is expected to be completed in 16 weeks.
Further, the company has secured order from Rohan Builders for a manufacturing unit meant for Nipro India Corporation (a Japanese company) for their upcoming project in Shirwal, Maharastra. The pre-engineered steel building will be used for their pharmaceutical manufacturing unit. The building is spread across an area of 6,500 sqm and is expected to be completed in 14 weeks.
The company made this announcement during the trading hours today, 14 September 2012.
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Pennar Industries bags orders worth Rs 70 crore

Published on Tue Sep 25, 2012 at 05:57 PM

Pennar Industries has received orders worth Rs 70 crore from Texmaco, L&T, Mahindra EPC and others for the supply of wagon components and structurals for solar power plants.Powered by Capital Market - Live News

Pennar Industries` subsidiary secures orders

Published on Thu Oct 18, 2012 at 04:33 PM

Pennar Engineered Building Systems, a subsidiary of Pennar Industries has received orders worth Rs 50 crore from IOT Infrastructure & Energy Services, Oil Country Tubular, Dynatron Services and East Line Steels.Powered by Capital Market - Live News

It all Makes it a good buy.

SOMANY CERAMICS LTD

Somany Ceramics  make high of 71.9 from our buy price of 48.9

Tiles maker Somany Ceramics today said its net profit rose by 39.47% to Rs 8.02 crore for the quarter ended September 30, 2012 over the same period in previous fiscal, mainly on value added products.
The company had posted a net profit of Rs 5.75 crore for the quarter ended September 30, 2011, Somany Ceramics said in a statement.


Net sales of the company stood at Rs 256.62 crore for the quarter under consideration as against Rs 206.90 crore for the corresponding period previous fiscal.

Commenting on the results, Somany Ceramics Ltd Joint Managing Director Abhishek Somany said: "The current financial results indicate a healthy top line growth of 24%. This signifies Somany's strong lineage in the Indian ceramic industry."

The company's launch of 80x80 cm and 60x120 cm GVT tile will also add significantly to the value added segment in the coming quarters, he added.

ROSSELL INDIA LTD

Rossell India Ltd which has diverse business interests has entered the Indian QSR sector and plans to launch thirty outlets of its brand Kebab Xpress in three years. Three of its outlets are all set to be launched this year in New Delhi. According to a top official, the company has earmarked an investment of Rs 10 crore for the venture and in future will accrue capital internally.

“To start with we will pilot 2-3 outlets in Delhi NCR region with an intention of opening in access of 30 outlets in the next three years. For now we have earmarked about Rs 10 crore for this particular project and as we go along and open more outlets, the money will be raised through internal accruals,” Jagjit Singh, Vice President Operations said in an exclusive chat with India Hospitality Review.

Kebab Xpress is a Greenfield hospitality venture of Rossell India Group and will serve North Indian food in QSR format across the country. Singh added that most of the Indian customers still prefer Indian style dishes to their international counterparts and with the sector growing, the brand is likely to find popularity among its customers. The outlets will have an all-day dining and take-away menu. In four to six months, they will start home deliveries.

“Indian QSR Industry is growing very rapidly. It is a reflection of the change in the lifestyle, food habits and consumption pattern of the population. The incidence of Dining out, ordering from home as well as takeaways is rising creating an opportunity to cater to a wide mass of population,” Singh added.

The chain will follow a central kitchen format which will act as a hub and cater to several outlets in the city. Out of the three planned outlets two will open in Connaught Place in central Delhi. The company has also established its production base in Okhla and maintains that the QSR outlets would do a minimum of cooking.

“We are depending on a central kitchen format where there is one hub and other spokes are being supplied to. This is being done to retain the consistency in the colour, taste and shape of our products,” Singh said.

The company previously has held diverse interests in the hospitality sector both in domestic and international market. Earlier Rossell India held a minority stake in Lemon Tree Hotels which it divested last month for a profit of Rs 14 crore. The company has also made strategic investments in fast food businesses in Nigeria, Africa. It has franchisee rights from Yum and operates eight Pizza Hut outlets in the region.

Rossell India which was formerly known as Rossell Tea Limited has diverse interests in tea, aviation and defence. The company is listed on the Bombay, Kolkata and Guwahati Stock Exchanges

HCL INFOSYSTEMS LTD

Breaks out of complex inverted head and shoulder pattern---- BULLISH