Sunday, November 04, 2007

Little Flower will Bloom very soon!!!

Fundamentals:
Established in year 1998-99, Pochiraju Industries Ltd. is in production and marketing of cut flower roses for US and European mkts.

The Company is located in 23.5 acres land at Satyamangalam village, Hosur Tq., Krishnagiri District, Tamil Nadu, a noted Agri Export Zone for floriculture. It has 6 hectares of covered green house area under which different varieties of Dutch roses are grown under controlled environment.

Pochiraju Industries grows the fifteen varieties of Dutch roses and proposes to expand another 3 hectares with the following varieties of roses and other flowers Roses: Passion, Hollywood, Bianca, Polo, Tropical Amazon, Royalbaakara, etc. Coronations, Chrysanthemums, Tube roses, zeberas, etc.

As of now, the company is purely in the floriculture business, with the pharma and biopharma ventures likely to start contributing (to revenues) later this year and next year respectively.

While on a price-earnings basis, the stock appears to be priced low at multiple of 4 while its competitor Karuturi Networks commands a p/e of 40.


Technicals:
it is been seen under consolidation in the range of Rs.22-30,for long time since its listing on exchange.it can have breakout above Rs.30 very soon with a immediate tgt of 50+.

Plus point:
Pochiraju industries is earning 9 crore(sales),2 crores(Q-o-Q profit) means on a 18 crore equity(shares) with a EPS of Rs.5 this year.So if u r a investor in this Company,u can HOLD this Stock for p.e tgt of 35..or price tgt of 175 in a year.
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