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Graphite Industries:
Dividend yield: 6% on CMP50. CMP50 Target price 70(cum dividend).
**Company yet to deliver June'09 results. My Anticipation is Sales will be robust compared to Mar'09.



The company was incorporated in year 1974 at Mumbai. It manufactures graphite electrodes and Graphite Equipments. This is mainly used in production of Steel & product is directly related with Steel production. Now if we believe in Steel production to go up for better infrastructure for India then Graphite Industries has long way to grow.The Company was promoted by H L Financial Consultants & Management Services Pvt. Ltd. (FICOM) and H L Investments Pvt. Ltd. In year 1988 - The Company entered into a technical-cum-financial collaboration with Graphite India Ltd. This collaboration expired in January. Name Change:1993 was changed from Carbon Corporation Ltd. to "Carbon Everflow Ltd." Graphite India Ltd. and Carbon Investment Ltd. amalgamated with the company. Graphite India Ltd stands dissolved without winding up w e f May 23, 2002. Name of the company changed from Carbon Everflow Ltd. to Graphite India Ltd.

FV:2
Mkt Cap: 773crores.

Audited Mar’09 Results
Sales Gwth:2%
Adjusted E P S (Rs.) 17.73
Adjusted Cash EPS (Rs.) 20.01
Reported EPS (Rs.) 12.81
Reported Cash EPS (Rs.) 15.09
Dividend Per Share 3
Operating Profit Per Share (Rs.) 20.04
Book Value (Incl Rev Res) Per Share (Rs.) 10.73
Free Reserves Per Share (Rs.) 59.97

PROFITABILITY RATIOS
Operating Margin (%) 26.82
Net Profit Margin (%) 16.86
Adjusted Return On Net Worth (%) 26.41
Reported Return On Net Worth (%) 19.08

Mar’08 Qtr (Worst Scenario for company)
Sales gwth: Dropped 60% (correction in Raw material prices & drop in demand)
EPS: 5.46 due to increase in other Income for company.
Operating mgn:21.34%


Year Dividend (%)
200903--150
200803--150
200703--150
200603--60
200503--45

For further information visit company website.
 I do hold 2500 qty in this company at levels 32, 42, 61.

Sincere request: Please don't buy in bulk qty & jackup prices in 1 day & sell once target is achieved.
*** Auditors are PWC, by now all ethics will be back in company ;-)***

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