Monday, November 24, 2014

SURANA TELECOM AND POWER LIMITED (SURANAT&P ) :- BUY

Dear friends,

 

  Today we are discussing telecom cable manufacturing company, 




Surana Telecom And Power Limited


                                                           
                                                      
                           




 The Company was incorporated as a Private Limited Company on 14.08.1989 as Surana Petro Products Pvt. Ltd and was engaged in the business of manufacturing of Petro Products such as Petroleum Jelly and Telecom products such as Jointing Kits. In 1992 the Company ventured into the Telecommunication sector with the production of Jelly filled Telephone Cables.

Thereafter, the Company was converted into a Public Limited Company on 09.07.1993. By 1994, Telecom business became the primary business activity of the Company and in order to reflect the same the name of the Company was changed to Surana Telecom Ltd. on 05.08.1994.


Keeping in pace with the changing technology the Company decided to expand further in the Telecommunication sector by venturing in to the production of Optical Fiber Cable. For part financing the cost of optical fiber cable project, the Company had gone in for a public issue on 7 th November, 1994 and commenced the commercial production in July, 1995.

The Company in the year 2001 set up a manufacturing facility for optical fiber which is the main raw material for the manufacturing of optic fiber cables. In the year 2002, the Company ventured into assembling and marketing of GSM phones, CDMA terminals with accessories and Line Patch Panel Antenna.

In the year 2007, the Company diversified into the power sector with the manufacturing of low tension and high tension power cables and setting up a 1.25 MW wind power generation plant. In order to reflect the diversity, the name of the Company was again changed to “Surana Telecom and Power Limited” on 11 th October, 2007.

In the year 2008, the Company has ventured into Solar Photovoltaics (SPV) Sector by establishing a SPV Modules manufacturing Plant (a 100% EOU) at Cherlapally, Hyderabad with an installed capacity of 12MW. The Company has also made a strategic investment in solar energy sector by formation of a Joint Venture Company M/s. Surana Ventures Limited jointly with M/s Bhagyanagar India Ltd. The Company is currently listed on National Stock Exchange of India (NSE) and Bombay Stock Exchange of India (BSE). The Company has been accredited ISO 9001-2000 certificate for its manufacturing facilities. 


PRODUCTS


  POWER


  CABLE 


The Company manufactures Jelly Filled Cables at its manufacturing facility situated in Hyderabad & Goa and produces cables from the range of 5 pairs to 800 pairs with a total production capacity of 2.9 millions CKM. This unit is approved and recognized by BSNL, MTNL, Indian Railways & Private Telecom Operators 

 


  SOLAR PHOTOVOLATAIC



   The company has already started manufacturing of SPV Modules with production capacity of 12MW per year. The Module ranges from 5W to 220W. It has set up a joint venture with Bhagyanagar India Limited. The joint venture company is Surana Ventures Limited. 



  WINDPOWER

 

   The Company is in collaboration with Suzlon has setup wind power generation to produce 1.25MW of wind power and is in the process to expand to 5MW. 

 


  SURANA GROUP

 

 Inspiring excellence
A saga of strength and achievement

Since its modest beginning in the year 1978, the Hyderabad based Surana Group, has single mindedly worked towards exceeding customer satisfaction in terms of quality of the product and service. Powered by Professional team of visionaries, with an experience of over four decades, today Surana Group is a well-diversified conglomerate with focus on niche areas of Telecommunications, Copper rods, Copper Pipes, Copper Sheets, Copper Foils and Power Cables, having established itself in Wind Power generation the group is now entering Solar Power and is making giant strides in Infrastructure, Entertainment and Tourism.
The core businesses of Surana Group are in a diverse range of industries firmly rooted in high growth sectors and are today a Pan India enterprise.

Bhagyanagar India Ltd., the flagship company of the group has diverse business such as copper products, Jelly Filled Cables, Real Estate & Infrastructure. The company is also into Wind Power generation with an installed capacity of 12MW in Karnataka

Surana Telecom & Power Ltd., The company currently operates in two main business segments & Power Sector. In its list of products it has Jelly Filled Telephone Cables, Optical Fiber Cables, Assembly of CDMA Mobile hand sets Fixed wireless Telephones, Power Cables.

Surana Ventures Ltd., The Company is setting up a fully automated Silicon Wafers & Solar Photovoltaic module manufacture unit with an installed capacity to produce 80MW and is also in the advance stage of finalizing 35MW thin film Solar Power project .

 

   Promoter holding  74.09%  of 10.40cr paid up equity capital, company posted 30cr sales and 0.73cr net profit in last financial year ended 2013, also company paying dividend regularly. Now company announced stock split into 1re from 5rs. record date of split on 25/11/2014. Stock trading both NSE and BSE @ 37.50 one can buy this stock for medium to long term ,stock can move higher after stock splits.




Disclosure :- I am holding this shares.




















   

6 comments:

  1. Sir

    Why they are going for a stock split when the market price is only 37 . Normally companies opt for stock split when the market price of the share is beyond the reach of a retail investor , for better retail participation

    Sir this is my understanding . Can you please correct me if I am wrong

    ReplyDelete
    Replies
    1. Normally company going for stock split for more liquidity,now 74% shares holding by promoter only 4.5 millions shares in free flot so after split this become 5 times more.

      Delete
  2. Seeing the business , i think Solar business will be fruitful investment.Surana venture/Solar ltd is better buy. because cables are being imported from china and there are better companies in cables manufacturing.Mtnl and bsnl is p.s.u and showing down turn. The world is going towards 4G /satellite commuication that is wireless.

    ReplyDelete
    Replies
    1. This company not only manufacturing telephone cables, also manufacturing cables for power sector,company invested in wind and solar power also.

      Delete
    2. Dear sir, Wind business as indicated above is with Suzlon, which has huge debt on its b.sheet thats its self is not able to cope with chinese players even in american markets. Solar yes i totally agree with you, that is why i indicated that their listed company that is Surana Solar Ltd is better buy than this. With regard to transmission cables my understanding goes there are better players. I may be wrong, but as a follower of yours I thought to make you this my point.Welspun projects and Gujrat Borosil are also better scrips for solar business. Even Moser Baer who is into solar business is under huge debt and one of their plant was shut due to non payable of salary. That is why chinese solar panels and componets are not imposed with anti dumpping duties in India.

      Delete
  3. My Dear Sir, Just wanted your help and advise. Is Surana a good buy at present price, because it has come down a lot and today it has appreciated. So just wanted your advise. Thank you very much and you and doing a Great job. You are really the Gem. Thank you and regards, Rajeev, your wellwisher

    ReplyDelete