|
|
 |
 |
 |
| All Resources > Indian Stock Market Analysis > INDIAN STOCK MARKET ARTICLES |
|
|
|
Uttam Sugar Mills Ltd.by Mint India
|
|
| |
|
views: 10181 | rating: 5/10 |
|
| |
Business of Uttam Sugar Mills
Uttam Sugar Mills is promoted by the Adlakha family which has experience in providing turnkey solutions for setting up sugar mills for over 20 years. The sugar manufacturing operations were started in January 2001 by setting up a 2500 TCD sugar plant alongwith co-generation facility of 6 MW of power in village Libberheri, Tehsil Roorkee, District Hardwar, Uttaranchal. Currently the capacity has been expanded to 6250 TCD alongwith expansion of co-generation facility to 16 MW of power.
Financials
The company has witnessed a rapid growth in the revenues for the 12 months ended Sep 2005 when the revenues stood at Rs.190.56 crores up from 105.5 crores in the same period an year ago. Subsequently the profit has also shown exponential growth from just Rs.8.20 crores to Rs.26.71 crores in the same time period. Consequently in the large three years the EPS has also shown significant growth from Rs.2.95 in 2003 to Rs.5.98 in 2004 to Rs.17.19 in the September ended 2005. The price band for the proposed IPO is Rs.290 to Rs. 340. The average P/E for the sugar industry is 14.6 times earnings and at the upper end the P/E for this issue comes out to be 19.77 without taking into account the new issue of shares, once that is taken into consideration the P/E will move further up.
Objects of the Issue
Thee IPO has been planned to raise money to set up two new grassroot units for manufacture of premium quality white sugar with a capacity of 4500 TCD and 5000 TCD along with co-generation of power with a capacity of 15 MW & 30 MW at village Khaikheri and village Shermau respectively. The IPO will open on March 16 2006 and will close on March 21 2006.
Conclusion
The sugar industry in Indian is highly government regulated as well as quite competitive.
Peers which have listed in the recent past including like Dwarikesh Sugar and Oudh Sugar had listed on a much lesser multiple.
Uttam Sugar does not have the necessary experience as a player in the sugar manufacturing or financial history to justify the premium it is demanding in its price.
|
|
|
|
|
|
|
|
|
adfasf
posted by: adfdsaf
on: Feb 7, 12 11:18 pm
One：
Stand together once again and the legendary Manchester United player has been a greater incentive . Smolin on cheering up <a href="http://www.42room.com/index.php?main_page=index&cPath=3"><strong>nhl</a></strong>, “he announced his retirement last year, I was disappointed when I saw him in the <a href="http://www.42room.com/index.php?main_page=index&cPath=3_82"><strong> cheap nfl jerseys </a></strong> court’s extraordinary strength, I know he can still do that. <a href="http://www.42room.com/index.php?main_page=index&cPath=17"><strong>football</a></strong> Team want him back.” In the eyes of outside Manchester United, Paul Scholes back not only unexpected accident, Bolton midfielder Leo Kok said, “Paul Scholes is a horrible player, has always been, but his <a href="http://www.42room.com/index.php"><strong>nfl jerseys store</a></strong> comeback was a big surprise However,<a href="http://www.42room.com/index.php?main_page=index&cPath=8"><strong> nfl jerseys wholesale </a></strong> is Manchester United, a united family-style club. Scholes, Butt, the Neville brothers and David Beckham Manchester United are willing to do anything from this point of view, not any so surprised.” Play twice a week, Ferguson said, Paul’s performance does not questionable Matthew Stafford Jersey, “A lot of the <a href="http://www.42room.com/index.php"><strong> nfl jerseys </a></strong> media said something negative, I did not understand the <a href="http://www.42room.com/index.php?main_page=index&cPath=13"><strong> cheap NFL JERSEYS </a></strong> training ground, a lot of young <a href="http://www.42room.com/index.php?main_page=index&cPath=1"><strong>mlb</a></strong> players is very awe of Paul, in the past few weeks, he trained very hard today at the <a href="http://www.42room.com/index.php?main_page=index&cPath=6"><strong>nba jerseys</a></strong> right time we replaced him, and he played a high-quality one-hour, an important goal into his back.” After the game, Evra, the media joked, “When we missed the penalty, I know that dinosaurs will help us to score. Who is the dinosaur? Ha ha ha, we regard the call Scholes and Ryan Giggs prehistoric dinosaurs! Scholes comeback, as a gift, Ferguson gave us a gift 49ers Jersey cheap, and now he definitely should not retire!” Since the incident, Suarez, once the French left-back position crumbling Ferguson won the trust and Vidic were injured last fall after eight are the captain.
Two：
Last summer, Manchester United missed Sneijder, aldridge two midfield <a href="http://aaaajerseys.com/NHL-Jerseys-c96/"><strong>NHL jerseys</a></strong> target, the former said to the personal treatment and did not talk to Manchester United, Tottenham chairman Levy which was stayed. Even now, <a href="http://aaaajerseys.com/NFL-Jerseys-c68/"><strong>NFL jerseys</a></strong> announced Sneijder can be sold, the deal <a href="http://aaaajerseys.com/MLB-Jerseys-c94/"><strong>MLB jerseys</a></strong> seems to be difficult to complete in January, the Italian media that Inter are likely to Sneijder injury list into the Milan derby. Expect Scholes, Sir Alex Ferguson the most realistic strategy.
Against Bolton, ginger head kick for an hour, despite passing a high success <a href="http://aaaajerseys.com/NBA-Jerseys-c77/"><strong>NBA jerseys</a></strong> rate, but the last signature and transfer a wide range of scheduling accuracy down Mark Sanchez Jersey, just-field, as well as a return errors, but fortunately not the Manchester Bolton, there is not enough ability to seize this <a href="http://aaaajerseys.com/"><strong>Football jerseys</a></strong> opportunity. Physically, ginger head also needs to improve, he still can not play the <a href="http://aaaajerseys.com/2010-2011-Club-Soccer-c117/"><strong>cheap jerseys</a></strong> audience. Touches fierce Chanqiang no change in the first half, he would kick in the <a href="http://aaaajerseys.com/MLB-CAPS-c119/"><strong>sports jerseys</a></strong> stomach on the other David, but fortunately the referee gave him a lot of face, no dig card. Ferguson was expected to continue to rise Scholes state Ravens Jersey cheap, close to the <a href="http://aaaajerseys.com/NCAA-Jerseys-c113/"><strong>wholesale jerseys</a></strong> level before retirement, so the midfield signings of the risks it may be difficult to make up <a href="http://aaaajerseys.com/National-Team-Soccer-Jerseys-c115/"><strong>2011 nfl pro</a></strong> . Let Sir Alex pleased that rivals Manchester City win may not increase the strength in the winter window.
Three：
Have you bought a pair of shoes with your girlfriend? If your answer is no, then you can buy <a href="http://www.ugg-boots5825.com/index.php"><strong> cheap ugg boots sale</a></strong></strong> high. Ugg Boots is pleased that people put it. Well, Christmas is the day comes December.And cold enough, <a href="http://www.ugg-boots5825.com/index.php?main_page=index&cPath=2"><strong > ugg boots clearance sale </a></strong> , the best gift you can give your girlfriend ugg boots. In addition, the Ugg boot is very popular. Things like fashion girls, I hope they grow very well. So this is the best gift. If you see your girlfriend, buy a pair of real <a href="http://www.ugg-boots5825.com/index.php?main_page=index&cPath=2"><strong > ugg boots clearance sale </a></strong> snow, it would be very exciting, not everyone can say, okay.
FourCold comes, the stars, as the use of popular UGG. Skinny jeans can show fine fill patterns. Mainly casual game, seemed in good humor, the influx of winter clothing. As the late morning and can be blended with a pair of pajamas. Star is more than that, there are a lot of clothes are great moments, many are aware that no product can be very sensitive, but the stocks of good play. UGG boots, said the young surfer from Australia, Brian, and California, created to promote what are often UGG Australia has made most of them in China, and manufacturing of high quality Moncler is exquisite.
post reply | read replies (0)
ugg
posted by: ugg
on: Jan 5, 12 11:36 pm
Beware UGG Boots for uggs Sale or Discounted, Cheap UGG Boots Advertised Elsewhere.Counterfeiting is not a ugg boots are leftWhen you purchase uggs ireland a counterfeit ugg boots ireland product,you are funding and supporting this criminal activity.
http://www.bootirelandssale.com/
http://www.bootirelandssale.com/
http://www.bootirelandssale.com/
http://www.bootirelandssale.com/ lj0106
post reply | read replies (0)
sheepskin footwear
posted by: cheap ugg boots uk
on: Dec 23, 11 4:19 am
The barbour jacket tough to choose in between UGG boots and Just ugg snow boots. barbour jackets They are extremely comparable in construction and physical appearance http://www.snow-boots-sales.org/. I have determined among the two brand names of ugg boots uk and jackets barbour.The cheap ugg boots sale look to have a http://www.snow-boots-sales.org lining inside the boot. barbour women jackets more affordable generally to purchase from Substantial Street retailers. http://www.barbourjacket-sales.net/
post reply | read replies (0)
barbour jackets for ladies
posted by: barbour quilted jacket
on: Dec 19, 11 5:44 pm
I like skecher shape ups sandals with fashion style. These quilted barbour jackets are with the artistic design. http://www.barbour-jacket-uk.net .These shape up boots uk do attending actual timeless.Thus, the Barbour jacket women attending altered from the accustomed skechers shape ups uk in market. http://www.barbour-jacket-uk.net/barbour-jackets-for-girls-c-12.html .Featuring the lining abounding, the barbour ladies jacket for your feet. You can get the skechers shape up boots. It adds abundant absorption to Barbour jacket . http://www.skecher-shoes.net/ .
post reply | read replies (0)
leather ugg boots
posted by: leather ugg boots
on: Dec 18, 11 10:10 pm
The ugg women boots can be found if you are willing to look for http://www.uggbootssales-au.org ,. Because the look and feel of ugg boots sale are fashionable. http://www.winterboot-sales.net/ ，waiting for these Ugg boots uk to UK online. http://www.winterboot-sales.org/ .
post reply | read replies (0)
|
|
