Thursday, December 11, 2014

GOVIND RUBBER LTD (509148) :- BUY

Dear friends,

  Today we are discussing stock from tyre manufacturing company, old listed company but little known in investors,good turnaround story stock for long term investors.

"GOVIND RUBBER LTD"


Govind Rubber Limited (GRL) is a global name for a range of world-class bicycle tires. Founded by Late Mr. M. P. Poddar in 1964, our inception was laid with a motto of creating durable and reliable tires for the then nascent Indian bicycle industry. Soon enough, GRL grew to become one of the top Indian tire manufacturers.

GRL started off as Indian bicycle tire manufacturers, grew as an entity that was credited to have Indians glued to their bicycles and continue to grow today as trendsetters in the global width of this industry…

GRL is a part of one of India’s biggest conglomerates – the Siyaram Poddar group and looks back at its cutting edge milestones – placing us where we are today.

 Govind rubber is mainly manufacturing 2-3 wheelers tyres and rubber products. Promotor holding good 54% stake, company posted 104cr topline and 1.8cr bottom line in latest quater whith an EPS @0.82 ,expected full year EPS arround 3. Total annual sales around 410cr just 67cr market capitalization this stock really undervalued @current price. Stock trading only BSE @31 level long term investors can buy this stock @ current price and add more in decline,it may cross 3 digit mark in future.

Disclosure:- I am holding this stock.
 

34 comments:

  1. sir sales are declining from QOQ basis and profit too.

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    Replies
    1. Falling rubber and crude oil is benefits for company,coming quarter results margins should be improved.

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  2. like to know your view on Virat Crane and IKF Finance. thanks

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    Replies
    1. Some think cooking in virat crane, ikf fin not traked

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    2. Some development happening company (insider knows)

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    3. ir both are goods fundamentally in numbers but considering the increase in promoters stake in it my confidence shakes because instead of increase the price is going down day by day. pls guide sir.

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    4. Low volume shares like this, some one brought in good quantity stock hit maximum,same think happen in sell also stock hit lower

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  3. Hi,
    What's your view on Zuari Agro Fertilisers (Saroj poddar Company)?
    Amit

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  4. hello valuegem,

    pl share your views about ybrant digital for long term. i am holding it @63. does this stock have potential to be multibagger in long term??
    thanks

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  5. hello sir,

    pls suggest about any one of your recommended stock at present level which can give good returns for short term

    thanks

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    Replies
    1. Why you looking short time? Money multiple in long term only

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  6. hie sir, pls give ur opinion on syncom formula...

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  7. Sir,
    Thanks for your recommendation and study about the valuable gem stock that I had not heard about before. What is you view on JVL Agro?

    Thanks and Regards,
    Gokul

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  8. Govind Rubber is falling.... in red today.

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    Replies
    1. Falling ? Good news for long term investors for shopping

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  9. Sir, can you take a look at GS Auto International? There was news in TOI last week that Govt of Norway pension Fund is planning to invest in it. Same news has appeared in yesterday's Business Line. It says the deal is likely to be inked in January.

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  10. What is ur view on LOTUS EYE CARE HOSPITALS.
    Thanks

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    Replies
    1. I think Indraprasta medical is a better choice.

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  11. sir your comment on action construction and kiltechengineering is seriously sought

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    Replies
    1. One can buy ACE in correction other one I am not tracked

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  12. can we buy saurastra cement at current level or wait to correct it

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  13. thanks , appreciate your suggestion

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  14. As u know better promoter group of Saurashtra Cement is not investor friendly (as well known for Gujrat Siddi Cement) and shares come down from 60 to 40 level...how u so confident for this scripts...see the guj Siddi cement scripts which lying at or around 40 level sinch last 15 years....i dnt think major breakout in saurastra cement in next 5 years due to its promoter quality...wht u say






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