Patel Engineering Ltd
Construction & Engineering
FV – Rs 1; 52wks H/L –120.5/43.4; TTQ – 1.53 Lacs; CMP – Rs 103 (As On September 28th 2016; 11.00);                                

  Market Cap – Rs 784.19 Crs

Standalone Financials and Valuations for FY16 (Amt in Rs Crs unless specified)

Standalone Financials and Valuations for Q1 FY17

Valuation Parameters:

1. Long Term Debt to Equity – 1
2. ROE % – (1.11)
3. Market Cap/Sales – 0.3

Key Updates:

Patel Engineering has won arbitration awards in excess ofRs.2,500 crore and it expects to receive around Rs.1,875 crore immediately which will be utilised to retire debt. http://www.livemint.com/Money/9orVwrYrCGuM7ahfcdTF5I/Patel-Engineering-shares-double-in-a-week.htm

Overview:

• Patel Engineering Ltd. is an infrastructure and construction services company and is engaged in civil construction business.
• The Company’s operating segments include Construction, Real Estate and Others. Its businesses include infrastructure, real estate and asset ownership.
• It operates in all sectors of the infrastructure industry ranging from dams, tunnels, micro-runnels, hydroelectric projects, irrigation projects, highways, roads, bridges, railways, refineries to real estates and townships.
• It specializes in hydro-electric projects, transportation projects, water treatment projects, as well as real estate, such as buildings, townships, malls and structures.
• The Company’s projects include Sawara Kuddu Hydroelectric Project, Raichur Sholapur Transmission line Project, SRSP Flood Flow Canal Project, Tuirial Hydro Electric Project, Ghatghar Hydro Electric Project, Rampur Hydro Electric Project, Ralco Dam, Parbati Hydro Electric Project and Wesley Seale Dam Spillway.

 Management:

• Mr. Pravin Patel – Chairman
• Mr. Rupen Patel – MD
• Ms. Kavita Shirvaikar – CFO

Major Non-Promoter Holdings:

Consolidated Financial Trends (In Rs. Crs) :

Hindustan Oil Exploration Co. Ltd
Exploration & Production
FV – Rs 10; 52wks H/L –57.8/26.2; TTQ – 1.65 Lacs; CMP – Rs 55 (As On September 16th 2016; 10.00);                                 

 Market Cap – Rs 717 Crs

Consolidated Financials and Valuations for FY16 (Amt in Rs Crs unless specified)

Standalone Financials and Valuations for Q1 FY17

• Promoter holding has decreased gradually from 47.18 in December 15 to 22.42 in March 16 and further to 16.29 as current.

Valuation Parameters:

1. Long Term Debt to Equity – Nil
2. ROE % – 2.7
3. Market Cap/Sales – 14.63

Key Updates:

Hindustan Oil Exploration working on a turnaround plan

http://www.livemint.com/Companies/GmhNMLwDnl73TTNN8Ye4eN/Hindustan-Oil-Exploration-Co-working-on-a-turnaround-plan.html

Debt Free Balance Sheet & Self-Funding for Assam Project.

Deliver from low risk onshore assets in Assam and Gujarat to double the current revenue by Q4 FY 2016- 17.

Overview:

• Hindustan Oil Exploration Company Limited (HOEC) is engaged in oil and gas exploration.
• The Company is engaged in offering hydrocarbons and other incidental services.
• The Company’s products include crude oil and natural gas.
• The Company has participating interest in around nine oil and gas fields in India, including Cambay basin, Cauvery basin, Assam Arakan basin and Rajasthan basin.
• The Company operates block Asjol, North Balol field, block CB-ON-7 (Palej), Pramoda oil field and South Pramoda oil field on Cambay basin.
• The Cauvery basin is located along the eastern margin of India. It includes an area of about 25,000 square kilometers on land and about 35,000 square kilometers in the offshore. It includes block CY-OS-90/1 (PY-3 field) and block PY-1. The Assam-Arakan basin include block AAP-ON-94/1, which covers the area between the Naga thrust and the Singyang thrust. It operates RJ-ONN-2005/1 and RJ-ONN-2005/2 in Rajasthan.

      Management:

• Mr. Sunil Mathur – Chairman
• Mr. P Elango  – MD
• Mr. Ramasamy Jeevanandam – CFO

The Equity Capital is @ Rs 130.51 Crs consisting of 130493289 equity Shares of FV Rs 10 currently held 

None Of the Promoter’s Holding is pledged.

Major Non-Promoter Holdings:

Consolidated Financial Trends (In Rs. Crs) :

Prakash Industries Ltd
Iron & Steel/Interm.Products
FV – Rs 10; 52wks H/L –54.85/23.05; TTQ – 4.64 Lacs; CMP – Rs 53 (As On September 1st 2016; 11.00);                             

     Market Cap – Rs 718.69 Crs

Standalone Financials and Valuations for FY16 (Amt in Rs Crs unless specified)

Standalone Financials and Valuations for Q1 FY17

Valuation Parameters:

1. Long Term Debt to Equity – 0.26
2. ROE % – 0.93
3. Market Cap/Sales – 0.35

Key Updates:

Prakash Industries Ltd. secured coal for its captive power plant in Chattisgarh, bringing to an end a two-year hunt for fuel and the company will get 53500 tonnes of coal every year over the next five years from Coal India Ltd. subsidiary, South Eastern Coalfields Ltd. The linkage will provide long-term stability, and cost savings for the its captive power plant, the company said in its press release. (http://www.bloombergquint.com/business/2016/08/05/prakash-industries-secures-partial-coal-linkage-for-its-captive-power-plant)

Overview:

• Prakash Industries Limited is engaged in mining, steel and power operations.
• The Company manufactures MS billet, ferroalloys, MS thermo mechanically treated (TMT) and MS coil, and allied and HB wire rod.
• The Company operates through segment, including Power, Steel and polyvinyl chloride (PVC) Pipes and Others.
• The Company’s manufacturing plants are located at Champa, Chotia and Raipur in Chhattisgarh; Kashipur, Uttarakhand; Koenjhar, Odisha, and Muppandal, Tamil Nadu.
• It has setup sponge iron kilns based on Stelco-Lurgi/Republic Steel-National Lead (SL/RN) technology.
• It has iron ore mines in the state of Chhattisgarh and Orissa. The Company produces steel billets and blooms in the steel melting shop.
• The Company has set up manufacturing facilities for production of ferroalloys in submerged arc furnaces.
• The Company has set up wind power generating farms at Muppandal in the state of Tamil Nadu.  

Management:

• Mr. V. P. Agarwal – Chairman
• Mr. Vikram Agarwal – MD
• Mr.P. L. Gupta – CFO

Major Non-Promoter Holdings:

Standalone Financial Trends (In Rs. Crs) :