Hindustan Dorr Oliver-A Play On Blue Gold BSE 509627; CMP Rs 106 The Rs 300 crore Hindustan Dorr Oliver, owned to the extent of 53 per cent by IVRCL, is an EPC company primarily focused on providing engineered solutions, technology, and EPC solutions in liquid-solid separation applications. HDO has over the decades positioned itself as a dynamic component engineering company, with superior technologies to emerge among leading process equipment and plant engineering concerns in India. More specifically HDO is a pioneer in water/waste water and industrial effluent treatment systems and offers integrated solutions in the Blue Gold space. HDO offers a wide range of unit operations and processes for treatment of a variety of effluents and has executed a number of water treatment projects for industrial processes and drinking water. In this role, HDO is helped by stake holder GE Water, Canada; ABS Singapore for WTP/STP/ETP projects; Keppel Seghers for waste water technologies; SFC Austria for SBR technology; and GE Infra USA for comprehensive water use technologies. HDO since its takeover by IVRCL in FY05, has been almost totally owned between FIIs and the parent with less than 10 per cent stake in the hands of the public. FY08 Revenues crossed Rs 306 crore, with after tax profits of Rs 23 crore. Q1 numbers have been equally strong with Revenues in excess of Rs 75 crore and an order book roughly Rs 500 crore. All said and done FY09 EPS may exceed Rs 8, on a small Equity of Rs 7 crore (Rs 2 FV) giving the stock a one year PO in excess of Rs 160, a gain of roughly 60 per cent over Thursday's closing market price of Rs 106. The stock trades cum dividend till August 29, 2008.
Safe Harbor Statement: Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints. Nothing in this article is, or should be construed as, investment advice. -- Posted By Ronald Chisley to Investor Forums at 8/21/2008 10:47:00 AM --~--~---------~--~----~------------~-------~--~----~ Logon at – http://investorline.co.in/blogs/news Learning Center- http://investorline.co.in/blogs/learning Mutual funds - http://investorline.co.in/blogs/mutualfunds Life Insurance - http://investorline.co.in/blogs/lifeinsurance Investor Journal - http://investorline.co.in/blogs/investor Latest News - http://investorline.co.in/blogger/?q=aggregator/categories/ Create your own Forum & Blog at - http://investorline.co.in/blogger To post to this group, send email to [email protected] Visit this group at-http://groups.google.com/group/investor-forums?hl=en -~----------~----~----~----~------~----~------~--~---
