-------- Forwarded Message --------
Subject: Greenply Industries: Sustain Above 1035 Can Fly To 1160-1275
Date: Mon, 5 Oct 2015 07:19:01 +0530
From: Asis Ghosh <asis...@gmail.com>
Reply-To: asis...@gmail.com
*Smart City theme, housing-for-all and urbanization (smart village)
initiative may help*
*CMP: 955*
*
*
*Suggested Buying zone: Either on sustained break out above 960-990 or
in dips around 915-885*
*
*
*TGT: 1035-1160-1275 (1-12M)*
*
*
*TGT: 1675-1800 (24-36M)*
*
*
*TSL<870*
*Note: Consecutive closing below 870-844 zone for any reason, GIL may
fall up to 700 area, where it can be again accumulated for better buying
average (investment purpose).*
*Some key points & rationale:*
GIL has demerged its low yielding laminate business into separate
vertical which may result into much improved financial metrics and
various analysts are re-rating the stock.
Assam based GIL is in an ideal position to exploit the expected huge
demand for P & MDF (Ply wood & Medium density fibreboard) interior
furniture/infrastructure as a result of NAMO's smart
city/village**theme, housing-for-all initiative. Also, with overall
economic recovery as widely expected in FY-17, demand of corporate as
well as small business office space might help P & MDF demand as well.
GIL has strong pan India branch & distribution network and brand
portfolios in the P&MDF market. Implementation of GST may also help it
to improve margins and capture more market share because of reduced
price differential between organized & unorganized sectors. There is
growing awareness & acceptance of MDF ready made furniture among masses
as it is affordable and stylus.The company is expected huge demand for
it and planning to set up a new plant in AP and also foraying into other
related products in the interior furniture & infrastructure segment.
GIL also commenced commercial production of UV coated panels in its
Pantnagar (Uttarakhand) plant.
For GIL, as on 31/03/2015 (YOY):
Net debt : Rs.258.28 / 549.50 cr
Debt/Equity ratio: 0.53/0.94
Net Profit: Rs.121.82/114.47 cr
EPS: 50.47/47.42
*As par BG metrics:*
*Current median valuation may be around: 1010*
*
*
*Projected fair valuations might be around: 1050-1110-1210 (FY:16-18)*
SCRIP EPS(TTM) BV(Act) P/E(AVG) LOW HIGH MEDIAN
200-DEMA 10-DEMA
GREENPLY 56.11 200.52 20 1007.32 1008.19 1007.76
904.2 905.77
GREENPLY 60.8 260.65 20 1048.57 1049.48 1049.03
904.2 905.77
GREENPLY 67.65 335.75 20 1106.07 1107.03 1106.55
904.2 905.77
GREENPLY 80.7 440.5 20 1208.05 1209.10 1208.57
904.2 905.77
Analytical Charts:
<http://1.bp.blogspot.com/-sfDR8dqNNtE/VhFwMDFMFSI/AAAAAAAAEMA/pQVPiZ-Xldc/s1600/GIL-01-10-2015.png>
<http://4.bp.blogspot.com/-N9UoyHX85pI/VhFwNnZIxYI/AAAAAAAAEMI/aytbJsZCyUk/s1600/GIL-FIBB-01-10-2015.png>
<http://3.bp.blogspot.com/-2Dbtg80_2bE/VhFwPmv0xkI/AAAAAAAAEMQ/MB1r8-al0H0/s1600/GIL-WK-01-10-2015.png>
<http://2.bp.blogspot.com/-_1h9Ch5rdGk/VhFwTavQs_I/AAAAAAAAEMY/acxwi5aRTkI/s1600/GIL-TL-RSI-01-10-2015.png>
<http://3.bp.blogspot.com/-WJ9GAPbYqC8/VhFwV7vNjWI/AAAAAAAAEMg/Gh7t5AQNyUU/s1600/GIL-PATTERN-01-10-2015.png>
<http://3.bp.blogspot.com/-Js4LZnRhAl0/VhFwZAVYQ6I/AAAAAAAAEMo/0GublJ2H1x0/s1600/GIL-PATTERN-LT-01-10-2015.png>
-- Thanks & Regards, Asis Ghosh (asisghosh.blogspot.in) NCFM-TA Certified
--
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