Discrimination faced by Mumbaikars...

If the housing societies in Mumbai (Bombay) are only meant for families (married couples), then the government of Maharashtra should make marriage compulsory in the state/city.
Or else the government should tell its citizens where will Unmarried, Divorcees, Bachelors, Spinsters live in the city of skyscrapers or is Bombay only for those who have families.
This is one of the greatest mental blocks of Mumbaikars, who otherwise want to bask in the FALSE HALO of Cosmopolitanism.
This disease (of not giving apartments to Bachelors, Muslims, etc on rent) is specially prevalent in housing societies where the Gujaratis, Marathis and North Indians (to some extent) abound; while the rest of the population is more or less okay with the concept.
The government of Maharashtra should take this matter seriously and devise laws to eradicate this malice ASAP, so that BOMBAY (and its suburbs) becomes free of discrimination based on Marital Status, Religion, etc. Or else the Honourable Supreme Court of India should step in, and give directions to the state or central governments -- so that the fundamental rights of its citizens enshrined in the constitution of India is not violated.

Sunday, February 16, 2014

Shree Ganesh Jewelry House (I) Ltd
CMP: Rs.27.50
Shree Ganesh Jewellery House (I) Ltd is a  Rs.13,000 Cr (US $ 2.4 billion approx) turnover company and is a Government of India recognized "4 Star Export House". The company is one of the leading manufacturers and exporters of gold & diamond jewellery from India. Shree Ganesh Jewellery House (I) Limited is 18 companies in one. Engaged in mining, refining, jewellery manufacture, retail, solar energy, gold loan financing and bullion trading. Possessing one of the most extensive value chains in the global gems and jewellery sector. When the Gold Loan companies like Manappuram Finance Ltd and Muthoot Finance Ltd is moving up, it is time for Shree Ganesh Jewelry House (I) Ltd also to move up and touch Rs.39.  Besides, this the market cap of the company is only Rs.197.74 Cr  against the December, 2013 quarter earning of Rs.2606.48 Crores. The book value of the shares of the company is Rs.226.03 as against the CMP of Rs.17.50. 
Manufacturing units:

  • Manikanchan SEZ (Kolkata) - Gold manufacturing capacity: 42 tonnes of handcrafted jewellery; craftsmen: 334.  
  • Mondalpara (West Bengal) - Gold manufacturing capacity: 1.5 tonnes of Italian fusion jewellery, 0.6 tonnes of bangles jewellery and 0.45 tonnes of plain and studded gold jewellery; craftsmen: 60.
  • Domjur (West Bengal) - Gold and diamond studded jewellery manufacturing capacity: 20 tonnes of handcrafted jewellery and 1.5 lac carat diamond studded jewellery; Refining capacity: 35 tonnes p.a.; craftsmen: 400. 
The company very recently came out with this announcement: Shree Ganesh Jewellery House (I) Ltd has informed BSE that in terms of Articles of Association of Company, Export-Import Bank of India (EXIM Bank) has nominated Mr. Lokesh Kumar, as their nominee on the Board of Directors of the Company w.e.f. January 29, 2014. The Board has noted the same in their meeting held February 13, 2014. I do not have to explain further, as it is self explanatory, in view of the progress of the CDR scheme. 

The company came out with good set of numbers for the Q3FY14, inspite of the government of India's import restrictions.  The total income of the company dipped slightly to Rs.2606.48 Cr, in Q3FY14 as against Rs.2915.43 Cr (Q3FY13)--during this period the expenditure has also come down substantially, to Rs.2576.24 Cr as against Rs.2800.34 Cr in the same quarter previous year. 

The net profit of the company came out to be Rs.341.48 Cr, in Q3FY14 as against Rs.58.81 Cr, in Q3FY13. The EPS of the company for Q3FY14 jumped to Rs.16.32 as against Rs.9.69 in the same period previous year. The NPM margin improved t o 13.12% as against 2.04% in the same period previous year. The company's PBT also improved drastically sequentially speaking, which implies the company is slowly marching towards turnaround. In turnaround companies, we generally see, quarter by quarter improvement of the fundamentals. Moreover, the loans are expected to be restructured very soon. Now, when the company has given renewed thrust on exports, it is now given that both the top and bottomlines of the company would see a significant uptrend. 

Just buy the shares of the company at Rs.27.50 and keep hold like your fixed deposits--don't trade.Since this is a Kolkata based company and hence, I can guarantee profit in this investment at least.