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Buy Price
Company Name

(INR)

Target
Average on Dips Around

(INR)

Duration

Sintex Industries Ltd.

65-70

35 110-150

Long Term

PTC India Ltd.

75-80

60 120-160

Long Term

Dredging Corporation Of India Ltd. 380-390

250 500-680

Long Term

Century Enka Ltd.

120 200-280

Long Term

145-150

COMPANY OUTLOOK:
Century Enka Ltd. :
Demand of NTCF is sustained and both the plants at Bharuch and Pune are operating at full capacities, however duty concessions under
FTAs and renewal of anti dumping duty on NTCF will be critical to the survival of NTCF. Margins are under pressure because of surplus
capacity in Polyester POY and higher import of NFY. Energy is a major cost component. As a risk managing measure, the Company is
pursuing with Maharashtra State Electricity Distribution Company Limited to allow the Company to purchase power under open market
operation for it's Pune plant. The neighbouring State of Gujarat, where company's another plant is located, offers such a facility. Introduction
of Value Added Tax (VAT) @ 5% on NTCF in Maharashtra and increase in Local Body Tax (LBT) @ 2.4% on all inputs including the main raw
material as compared to Octroi rate of 1.55% for Pune plant will severely affect profit margin.The outlook in near term as well as long term
remains cautiously positive.
Sintex Industires Ltd.
The Company offers a huge bouquet of products -- from creating housing units to small components that find application in the medical
equipment and electrical businesses -- processed at its facilities across India - emerging as the only plastic processing Company with a panIndia manufacturing presence. Revenue from this business grew by 14.88% from Rs.4,729.43 crore in 2012-13 to Rs.5433.19 crore in 2013-14
despite the continued endeavour to gain business exposure in the monolithic construction space, due to prevailing external adversities. This
segment contributed 90.87% of the Company's consolidated revenues. EBIDTA moved to Rs.912.40 crore in 2013-14 against Rs.665.95 crores
in 201213. Input cost prices and inflation pressured] EBIDTA margins of this business.
PTC India Ltd.
It has been another fruitful year in terms of the Agreements signed by Company for the sale of power to the State Utilities through
Competitive Bidding Processes. Company, having participated with a cumulative capacity of 4379 MW in bids invited by various State
Utilities during last year, has finalized and executed Power Sale Agreements to the tune of 1611 MW capacity with State Utilities such as UP
Discoms (751 MW), Rajasthan Discoms (660 MW), Tamil Nadu (100 MW) on long term basis & with KSEB (100 MW) on medium term basis
during FY14. The power supply under the aforementioned agreements to KSEB and Tamil Nadu shall commence during FY15 and to UP &
Rajasthan during FY17. No new Case-1 Biddings processes were initiated by the State Utilities during FY14. As far as performance of your
company is concerned, it traded ~35 BUs (23% increase YoY) of electricity with a market share of ~38% (including cross-border). Long-term
segment saw the highest growth of 28.5% followed by PX (22%) and ST bilateral trades (~22%). Most of the power traded by us was on
Round The Clock (RTC) basis - 96% which is three percentage points higher than last year - the remaining power being Peak and other.
During the year, we revisited our Power Tolling business and considering risk-reward scenario, converted it into long-term PPAs.
Dredging Corporation Of India Ltd.
Dredging Corporation Of India Ltd. is a premier and the only PSU dredging company in India. Company is also the preferred
dredging company for Major Ports and the Indian Navy. Company has been in this business since 1976 and has been catering to the
dredging requirements of the major ports/ Indian Navy since then. Owing to the long association with the Major Ports, Company is the
most preferred company for dredging requirements of most of the Major Ports and the Indian Navy.

Please refer to important disclosures at the end of this report

Mansukh Securities and Finance Ltd

Mansukh House, Plot No. 6, Opp. Mother Dairy Plant, Patparganj Road, Pandav Nagar,
New Delhi-110002, Phone: 91-11-30211800, 47617800, Fax: 011-30117710,
Email: research@moneysukh.com, Website: www.moneysukh.com

For Private circulation Only

For Our Clients Only

SEBI
Reg.No:
BSE:
INBBSE:
010985834,
F&O: INF
SEBI
Regn
No.
INB010985834
/ 010985834
NSE: INB230781431
NSE: INB 230781431, F&O: INF 230781431,
PMS Regn No. INP000002387
DP: IN-DP-CDSL-73-2000, IN-DP-NSDL-140-2000
MCX/TCM/CORP/0740 NCDEX/TCM/CORP/0293

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FINANCIALS:

Statics
Company Name

CD_Industry

Sintex Industries Ltd.

Plastic Products
Power

PTC India Ltd.

Generation/Distribution

Dredging Corporation Of India Ltd.

Shipping

Century Enka Ltd.

Textile

Latest Market Cap.(INR Crore)

Latest Market Cap

2565.45
2431.71
1180.76
353.32

Company Name
Sintex Industries Ltd.
PTC India Ltd.
Dredging Corporation Of India Ltd.
Century Enka Ltd.

Earning Per Share (YOY)(INR)

EPS
Company Name
Sintex Industries Ltd.
PTC India Ltd.
Dredging Corporation Of India Ltd.
Century Enka Ltd.

EPS

Industry PE / Adjusted PE

EPS

(2014) (2013) (2012)

10.77

8.65

8.47

8.49

4.35

4.08

13.41

7.32

4.71

28.8

10.02

4.02

Industry PE Adjusted PE
Sintex Industries Ltd.
19.62
4.04
PTC India Ltd.
13.64
7.97
Dredging Corporation Of India Ltd.
36.55
17.79
Century Enka Ltd.
17.05
4.95
Company Name

Book Value / Current Market Price(INR)

Profit After tax(YOY)(INR Crore)

Company Name

PAT
Company Name

PAT

PAT

(2014) (2013) (2012))

Sintex Industries Ltd.

335.06 269.19

229.7

PTC India Ltd.

251.23 128.74

120.37

Dredging Corporation Of India Ltd.

37.55

20.51

13.18

Century Enka Ltd.

62.93

21.89

8.78

PTC India Ltd.

Dredging Corporation Of India Ltd.
Century Enka Ltd.

ROE% ROE% ROE%

95.90
84.73
508.36
316.14

CMP

83.90
83.60
426.35
159.50

METHODOLOGY:
!

Return on Equity(YOY)

Company Name

Sintex Industries Ltd.

Book Value

(2014) (2013) (2012)

Sintex Industries Ltd.

11.7

10.67

10.33

PTC India Ltd.

10.4

5.64

5.45

Dredging Corporation Of India Ltd.

2.66

1.48

0.96

Century Enka Ltd.

9.43

3.42

1.37

Please refer to important disclosures at the end of this report

Mansukh Securities and Finance Ltd

Mansukh House, Plot No. 6, Opp. Mother Dairy Plant, Patparganj Road, Pandav Nagar,
New Delhi-110002, Phone: 91-11-30211800, 47617800, Fax: 011-30117710,
Email: research@moneysukh.com, Website: www.moneysukh.com

The Portfolio adopts a quantitative and qualitative approach

to portfolio selection.
The Portfolio is based on combination with an
understanding of individual stocks and economic condition
to determine a suitable equities portfolio.
Securities fundamental must meet minimum ratio
requirements such as debt/equity ratio and quick ratio.
Securities Adjusted PEs are less then their Current Industry
PE.

For Private circulation Only

For Our Clients Only

SEBI
Reg.No:
010985834,
F&O: INF
010985834
SEBI
RegnBSE:
No.INBBSE:
INB010985834
/ NSE:
INB230781431
NSE: INB 230781431, F&O: INF 230781431,
PMS Regn No. INP000002387
DP: IN-DP-CDSL-73-2000, IN-DP-NSDL-140-2000
MCX/TCM/CORP/0740 NCDEX/TCM/CORP/0293

Diwali Bonanza (Portfolio Stocks)

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NAME

DESIGNATION

E-MAIL

Varun Gupta

Head - Research

varungupta@moneysukh.com

Prabhash Shukla

Research Trainee

prabhash.s@moneysukh.com

For more copies or other information, please send your query at research@moneysukh.com

Note: Please refer our Derivative Report for recommendation on OPTION STRATEGIES.

Additional Information with respect to the securities referred in our derivative calls is uploaded on our website.
Please note that our technical calls are totally independent of our fundamental calls. Technical Trends calls are based on momentum,
Investors/Traders are requested to observe following discipline to take maximum advantage of the products.
-Entry/exit will be on the basis of price or time priority
-Use strict stop loss at 15% from your average acquisition price
This report is prepared for the exclusive use of Mansukh Group clients only and should not be reproduced, recirculated, published in any
media, website or otherwise, in any form or manner, in part or as a whole, without the express consent in writing of Mansukh Securities and
Finance Ltd. Any unauthorized use, disclosure or public dissemination of information contained herein is prohibited.
This data sheet is for private circulation only and the said document does not constitute an offer to buy or sell any securities mentioned herein.
While utmost care has been taken in preparing the above, we claim no responsibility for its accuracy. We shall not be liable for any direct or
indirect losses arising from the use thereof and the investors are requested to use the information contained herein at their own risk.

Please refer to important disclosures at the end of this report

Mansukh Securities and Finance Ltd

Mansukh House, Plot No. 6, Opp. Mother Dairy Plant, Patparganj Road, Pandav Nagar,
New Delhi-110002, Phone: 91-11-30211800, 47617800, Fax: 011-30117710,
Email: research@moneysukh.com, Website: www.moneysukh.com

For Private circulation Only

For Our Clients Only

SEBI
Regn
No.
INB010985834
NSE: INB230781431
SEBI
Reg.No:
BSE:
INBBSE:
010985834,
F&O: INF/ 010985834
PMS Regn No. INP000002387
NSE: INB 230781431, F&O: INF 230781431,
DP: IN-DP-CDSL-73-2000, IN-DP-NSDL-140-2000
MCX/TCM/CORP/0740 NCDEX/TCM/CORP/0293