PerknLife

Kesoram's management had updated in Announcement commencement of there new Cement Division. This also reflected in the Advance tax paid by the company in Jun'09 quarter. If all goes well with sales of cement in southern region we can see Kesoram Inching forward to price of Rs425 with ease.. At price of 425 it will be still undervalued to it's peers & that's due to diversified business.. Just thought of giving headups on each company I considered for portfolio of October 09..

Kesoram Industries has an diversified portfolio in mfg sector. It mainly produces Cement, tyres, Industrial Chemicals & Pipes. It was under BK birla flagship group & will become part of Kumar Mangalam group as per B K birla's statement in AGM. P/E: Price to earnings :4 & with TGT P/E of 9.. Stock has TGT of 700 Annual Sales Gwth :30%. Net Profit gwth:-1%. Annual EPS: 82, Mar09 EPS 34. June'09 Qtr: Sales gwth:20% (123011 lakhs compared to 101946 last year June'08). Operating Mgn: (16.8% compared to 15.58% last year) Net Income: (9754 down compared to 11848) Reason*** (***3 fold increase in Provision for Current Tax & Provision for Deferred Tax charge). EPS (21.32 compared to 25.9) P/E: Price to earnings :4 & with TGT P/E of 9.. Stock has TGT of 700 Corporate Goverance is robust & that give s me the confidence to say it will grow long way. The Company's Spun Pipes and Foundries Unit continues to be under suspsension of work. Clinker Plant {relating