Updates on Jindal Polyfilm

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Jindal polyfilm updates:
Bare with me for unorganised presentation

Qtr Sales growth was 8%, 392.85cr Sept'09 compared to 363.74cr in Sept'08.
Operating mgn took a dip in Sep'09 17.99% compared to last year 19.57%.
Operating Profit was 70.69cr compared to 71.19cr last year.
Net Profit was 39.16cr compared to 15.31cr last year..
Other income component of 9.37cr was seen in this quarter.

Important Take aways:
Equity Capital base has gone down from 28cr last year to 24.86cr due to Buyback in last few quarter.
Non Promoter holding stands is 37%, compared to 41% last year.

EPS has improved to 15.75 from 5.45 last quarter...due to Buy back & Other Income component.
As Stated earlier Buy backs is not always harmful, it rewards shareholders who continue to show there commitment with the company..
As per conservatives Standard at P/E valuation 5  stock can move from current levels of Rs300 to Rs.450.


Disclaimer:
*** Consider buy this script in small quantites during this week...
***Consider with Medium term view point  of 3months...

I hold small position of 500qty @ 298-303...based on results...

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