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Wednesday 20 July 2011

GEI Industrial Systems - Q2 results update

Good set of results from GEI Ind. The growth momentum continues.
Jun-11
Jun-10
Growth
Sales
626
503.3
24.38%
NP
47.74
43.34
10.15%
EPS (Basic)
2.87
2.61
9.96%
EPS (Diluted)
2.49
2.61
-4.60%

Pledging of promoter shareholding has reduced from 45.03% to 37.77% of promoter holding.

Margins have reduced due to rise in raw material costs & higher interest rates. 
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2 comments:

  1. Ayush20 July 2011 at 10:09

    Hi Abhishek,

    On standalone basis the nos are looking weak. There seems to be a slowdown in this sector.

    But it would be a good buy if there is major fall in stock price.

    Regards,
    Ayush

    ReplyDelete
  2. Abhishek20 July 2011 at 21:39

    True. Also, the company has relatively high debt so is getting pressure on that front. But, I think medium-to-long term the prospects are very good. I am bullish and would look to buy if it goes below 150.

    ReplyDelete