Guys have a look at the REG valuation;
PAT after removing Other income;
31.12.2010 – 21.75 Mn (SHARES HELD BY PUBLIC 2,169,474 or 44.9%)
30.09.2010 – 13.80 Mn (SHARES HELD BY PUBLIC 1,455,174 or 30.13%)
30.06.2010 – 15.63 Mn (SHARES HELD BY PUBLIC 1,253,473 or 25.96%)
31.03.2010 – 19.89 Mn (SHARES HELD BY PUBLIC 1,021,973 or 21.16%)
Last 04 quarter earnings = 71.07 Mn
No of Shares = 4.829 Mn
EPS = 14.72
Manufacturing sector PE = 24.70
Sector PE Share Valuation = EPS 14.72 x PER 24.70 = Rs. 363.5/- level.
Fair Share Valuation = EPS 14.72 x PER 17.29 = Rs. 254.1/- level.
Current Share Price = Rs. 195 (XD)
Tech charts show REG is in oversold region now;
Although the profits have gone down since Q1, last qtr results were impressive.. Also we should note that
public holding of this company has increased from 21% to 44% over a nine months period..
Dr.T.Senthilverl's stake has been 22.88% in Q1 and it has come down to 7.49% by Q4
Waldock Mackenzie Ltd/Mr. L.P.Hapangam has increased his stake from 0.29% in Q1 to 3.63% in Q4 and Waldock Mackenzie Ltd has bouhgt more shares thru other accounts as well.
DIRECTORS' AND CEO'S SHAREHOLDINGS were untouched.
REG has announced a final Didivend of Rs. 3/- in 2010 and Rs. 6/- in 2011, this shows the track
of profit increase and its a good sign that increased profits is on the cards..
Due to the Worldcup season and tourist arrivals, their product line has a significance of increase demand..
Open for discussion