Jindal SAW Ltd

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Jindal SAW: CMP 472 Target Price 550.
**********Buy price 425 ********
In year 1984The Company was promoted by Jindal Organisation in association with Dilip Bhargava, a Non-Resident Indian and Director of Sigmatech Inc., U.S.A. The company is manufacturing Sub-merged Arc Welded steel pipes of large diameters.
The company undertook to set up a project for the manufacture of 75,000 TPA of large submerged and welded steel pipes of 18" to 36" diameter.
The Company has entered into a Technical collaboration agreement with USS Engineers and Consultants Inc (UEC), U.S.A., a subsidiary of United States steel corporation for transfer of know how & technical assistance. The Collaborators agreed to provide services relating to engineering, installation and training of personnel. In addition to advice regarding the latest technology from time to time, they also were to assist the Company for securing American Petroleum Institutes Monogram rights for the product.
Audited Dec ' 08
Adjusted E P S (Rs.)63.56
Reported EPS (Rs.)64.17
Dividend Per Share5
Book Value (Incl Rev Res) Per Share (Rs.)10.19
PROFITABILITY RATIOS

Operating Margin (%)14.04
Net Profit Margin (%)6.8
Adjusted Return On Net Worth (%)14.91
Reported Return On Net Worth (%)15.06
Return On long Term Funds (%)19.07

Do visit company website for further info.

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