Haldyn Glass: Revenues across the last two quarters increased Rs 3.46 crore; Ebitda increased Rs 3.58 crore. Interest cover in excess of 55x indicates the company is funds-flush in a capex-intensive business. Consider the Ebit momentum across five quarters: Rs 3 crore – Rs 3.37 crore – Rs 2.96 crore – Rs 4.89 crore – Rs 8.38 crore. Market cap around Rs 235 crore. There is a new twist to the story: Haldyn Glass is on the verge of commissioning a joint venture with Heinz Glas International GMBH, Germany, for the manufacture of perfume and cosmetic glass bottles, benefits of which should reflect from 2017-18.
Webel SL Energy: The company is engaged in the manufacture of solar photovoltaic cells and modules. Ebitda increased from Rs 4.58 crore in Q2 to Rs 7.97 crore in the third quarter. This is what I like: Capacity increased from 120 Mw to 200 Mw effective December 2016; it is virtually zero-debt following financial restructuring; it is adequately de-risked from sectoral price meltdown; interest outflow was negligible, order book is multi-month, production take-off has commenced and this is perhaps the only listed presentable post-restructured balance sheet in a loss-laden sector passing through its biggest expansion phase in its history. Market cap: Rs 113 crore.
Asian Oilfield: The new management assumed control in the second quarter of FY17. The management turned the company around in Q3 (its first in control). I have three broad clues on the way forward: Bullish downstream prospects, dearth of listed seismic exploration players and a hefty inflow of maintenance orders. The stock did a rope trick on Friday, so I am keeping vigil for an opportune decline.
In the meantime, can anyone lend me some punt money?
are not headed