The scrip is available at 60-61. EPS 18-19 B.V 82 DIV:30% ROCE28 RONW35 Fell from a high of 195.Has good upside potential.
One needs to look into the reasons for the stiff fall in the stock price wherein the price fell to almost 30% of its high.
Yes, the co had been posting good nos and valuations are attractive. But the fall is due to the involvement of operators in the script (when they got banned by SEBI)
Sahyadri industries Ltd has commenced the commercial production of fibre cement roofing sheets at its newly erected Mahuvej plant from february 25, 2011.Fourth facility in AP to be ready before Mar 2012 and the capacity to expand subastantially
Any Idea how the company and the industry is performing in the current year?
Thanks in advance for any feedback.
The roofing industry has been going through a rough patch since last couple of qtrs…most of the players have faced erosion of operating margins.
As per an update at another forum, the margins might not improve much in this qtr also.
I’m also looking at Everest Industry.