Tag Archives: Cera

Portfolio Review: 20 August 2011

Having the number of companies in my portfolio shot up to 51, in retrospect I thought it is time to trim down to a maximum of 30. So the next question comes what to get rid off, what to retain and in what to invest more! I went back to books to refresh my mind with investment strategies of some great investment gurus of the past and present. For the last couple of weeks, I have been looking into each company that I possess and revisited the fundamentals of those companies to make an ultimate decision. Strategies of Benjamin Graham, Kenneth Fisher and Martin Zweig are mainly followed. So far completed study on 7 companies and decided to get rid off some of them. Besides that, also sold out some companies which are close to my target or have a minimal investment. Altogether, reduced number of companies by 6 and now it stands at 45. Minimum 15 more to go!

Companies sold in the current month

Honeywell Automation: Largely because of its earnings – poor growth last quarter, lack of earning persistence and acceleration. Its long term earning per share over last 5 and 10 years are also not very impressive.

Cera Sanitaryware:  It failed to meet the criteria of quarterly sales growth and long term EPS growth to qualify for Martin Zweig and long term EPS growth criteria of Fisher.

Bharti Airtel: Its debt level shot up multi-fold in the last financial year. Its debt-equity ration in no way satisfy the criteria of Graham or Fisher. Quarterly sales growth, Earning persistence and long term EPS growth are not up to the mark.

Company to retain in the portfolio

Opto Circuits India: It meets all the criteria of Martin Zweig and its valuation is also within the buy range. It also meets criteria of Graham and Fisher except that of long term EPS growth.

Page Industries: It meets all the criteria of Martin Zweig and its valuation is also within the buy range. However it fails debt ratio of Fisher and long term EPS growth of Graham.

Swaraj Industries: It meets all the criteria of Fisher and valuation is also attractive. However it fails earning acceleration criteria of Martin Zweig and it is too small company to fit in Graham’s portfolio.

Portfolio Review: 14 May 2011

My buys for this week

Astral Poly Technik (176.65)

Cera Sanitaryware (195.95)

NIIT Technology (194.85)

Shanthi Gears (38.15)

Godrej Consumer Products (392.10)

Maharashtra Seamless (363.65)

Portfolio Review: 24 April 2011

5% loss so far this year.

My buys for this week

Technofab Engg. (158.30)

Cera Sanitaryware (189.85)

Tata Sponge Iron (350.75)

Esab India (520.95)

Ashiana Housing (134.20)


Portfolio Review: 19 April 2011

6% loss so far this year.

My buys for this week

Technofab Engg. (155.95)

Cera Sanitaryware (190.60)

Tata Sponge Iron (346.85)

Esab India (523.60)

Maharashtra Seamless (356.80)

Bharti Airtel (378.00)

 

 


Weekly Portfolio Review: 13 February 2011

The market continued to post weekly loss though the Friday witnessed an unexpected come back. The year to date loss in the BSE Sensex is 14% till the close of the last week and loss in my portfolio is 15%.

Good buys in my watch list

Company Sector 3 Years Target Current Price Expected Margin
Cera Sanitaryware Construction 330.00 163.95 101%
Cravatex Healthcare 1485.00 553.00 169%
Opto Circuits Healthcare 440.00 265.20 66%
GSK Consumer Food 3152.00 2150.00 47%

Launched in 1980, Cera is a pioneer in the sanitaryware segment in India. Based in Kadi, Gujarat, Cera Sanitaryware Ltd. was established with an initial capacity of 3,600 MTPA, the plant has undergone several periodical upgradations and modernisations to expand to 25,000 MTPA. To achieve growth in the rapidly changing retail market in the country, Cera, has launched its one of a kind Cera Bath Studios in Ahmedabad, Bangalore, Chandigarh, Kolkata, Cochin and Hyderabad, Mumbai. With the opening of the Cera Bath Studios, the discerning consumers, architects and interior designers can have full view of the Cera’s premium ranges of WC’s, Wash Basins, Shower Panels, Shower Cubicles, Bath Tubs, Shower Temples, Whirlpools, CP fittings etc. Cera Bath Studios will complement its existing network of 600 dealers and 5000 retailers. Several Bathrooms are displayed live, so that the customers can get a feel of Cera’s vast range of products.  Having shown a growth rate of more than 25% since last 3 years, Cera Sanitaryware Ltd. today is the fastest growing sanitaryware company in India.  For its contribution towards the industrial growth, Cera’s ED ‘Mr. Vidhush Somany’ received “The Nirman Ratna Award” in September 2010. (www.cera-india.com ).

The Cravetex was incorporated in 1951 and was one of the largest chains of dyers and dry cleaners of it’s time. Along with these ventures, the Company also diversified into textile processing and printing. The Company expanded into the manufacture of sports and casual wear, culminating recently, in the distribution of fitness equipment for home and commercial use. The Company represents several reputed international brands of fitness equipment in India and is the only ISO certified & public listed company in this field. The Company has now integrated beauty therapy into its already versatile list of services. The Company offers a range of advanced international beauty therapies within spas across the country as well as providing clients with high-end beauty products from one of the leading beauty product manufacturers in the world. The Company continues its presence in the Garment Exports Market and the domestic footwear market where it caters to the needs of several international brands. www.cravatex.com

Opto Circuits (I) Limited, headquartered in Bangalore, India, has a range of products that includes, Pulse Oximeters, Pulse Oximeter Sensors, Fluid warmers, Cholesterol monitors & recently Stents. OCI is in a very specialized, technology oriented Opto electronic industry since 12 years. OCI has the status of Export House and has been awarded two star trading house status by the Federal Government of India. It has ISO 9001-2000 and ISO 13485-2003 quality system certification. OCI group companies have been awarded CE approval for its products. The subsidiaries of OCI possess FDA approval for different products being manufactured by them. www.optoindia.com

GlaxoSmithKline Consumer Healthcare Ltd., the Indian associate of Glaxosmithkline plc, U.K., is a market leader in the Health Food Drinks industry in India. Its flagship product is Horlicks which is over 100 years old in India. The Company also manufactures Boost, Viva, Maltova, Biscuits. It promotes and distributes prominent brands in diverse categories such as Eno, Crocin and Iodex.  GSKCH exports to more than 37 countries across the globe and around 8% of its sales comes from exports. The company has a strong marketing and distribution network in India comprising over 1800 wholesalers and direct coverage of around 6 Lakh retail outlets. Its manufacturing facilities are located at Nabha in Punjab, Rajahmundry in Andhra Pradesh and Sonepat in Haryana. It was incorporated in 1948 and went public in 1978. www.gsk-ch.in


Weekly Portfolio Review: 05 February 2011

A month passed in the new year with a huge loss of 11% in BSE Sensex, 10% in NSE Nifty and 10% in my portfolio. Rising inflation, political situation in the country and unrest in Egypt and west Asian countries continued to be a cause of concern in the past week as well. A report in the Economic Times states that the free-fall in the market is expected to continue. Industrial growth numbers for the month of December 2010 are expected to be announced coming week and it may have an effect on market direction.

Good buys in my watch list

Company Sector 3 Years Target Current Price Expected Margin
Cera Sanitaryware Construction 330.00 169.35 95%
Selan Exploration Energy 694.00 367.65 89%

I will be buying the above two in small quantities in the coming week. I didn’t buy anything last week .

Cera is a well known brand in sanitary ware. Launched in 1980, Cera is a pioneer in the sanitary ware segment in India ( www.cera-india.com ). The company’s net sales income for the period April-December 2010, totalled at Rs 167.42 crores compared to Rs 132.93 crores during April-December, 2009 reflecting an increase of 26.75%. It registered a net profit of Rs 19.32 crore for the nine month period ending December 31, 2010, which was up 44.71 per cent from Rs 13.35 crore in the corresponding period last year. The company expects the market for Sanitaryware to be buoyant in the wake of the construction boom in the commercial and residential segments. In order to take the full advantage of the market situation, the company has begun executing its expansion programme which will enhance the production capacity to 2.7 million pieces a year from the existing level of 2 million pieces annually.  – http://www.sify.com/finance/cera-apr-dec-profits-rise-44-news-default-lbubEzajcad.html

Selan Exploration Technology Limited (SELAN) is engaged in oil exploration and production with a right to develop three discovered oilfields situated in the state of Gujarat namely Bakrol, Indrora and Lohar, all with proven oil and gas reserves. SELAN was subsequently awarded two more fields in Gujarat namely Ognaj Oilfield and Karjisan Gas field. The Promoters and Management have extensive experience and domain knowledge in the field of Petroleum Exploration, Development and Production as well as in the field of Geophysical Data Acquisition, Processing and Interpretation. (www.selanoil.com)