Birla Shloka Edutech Ltd: Updates
Birla
Shloka Edutech Ltd, the Yash Birla Group of company is having around
Rs.500 crore-plus order book in hand. Moreover, it is slated to get a
project from Orissa soon. It already has orders from Maharashtra and
Tamil Nadu Governments. The company is looking to reduce its debts on
the books. In March, 2014, the company declared that it has received an
order from School Education Department, Government of Tamil Nadu for
implementation of information and communication technology scheme in
1820 Government High & Higher Secondary Schools in Tamil Nadu State
with a total project value of Rs.359 crore. It is already doing a 5-year
contract from the Maharashtra government.
The scrip has a book value of Rs.50.36 and its market cap is only Rs.10.07 crore. According to Money Life of February, 10, 2014, it bought a piece of land in Oshiwara (a Suburb of Mumbai near Andheri West) at Rs.16 crore.
Financials:
Net profit of Birla Shloka Edutech rose 27.08% to Rs.3.52 crore in the quarter ended March 2014 as against Rs.2.77 crore during the previous quarter ended March 2013. Sales declined 37.81% to Rs.33.19 crore in the quarter ended March 2014 as against Rs.53.37 crore during the previous quarter ended March 2013.
For the full year, net loss reported to Rs.3.28 crore in the year ended March 2014 as against net profit of Rs.5.05 crore during the previous year ended March 2013. Sales declined 71.54% to Rs.63.63 crore in the year ended March 2014 as against Rs.223.56 crore during the previous year ended March 2013.
Conclusion:
The scrip is currently trading at Rs.4.85 and is looking highly undervalued. The investors can buy the scrip for a target of Rs.7-8 in the next 4-5 months time frame. According to my close sources, the company is going do well in the subsequent quarters. However, it is not a momentum counter.
The scrip has a book value of Rs.50.36 and its market cap is only Rs.10.07 crore. According to Money Life of February, 10, 2014, it bought a piece of land in Oshiwara (a Suburb of Mumbai near Andheri West) at Rs.16 crore.
Financials:
Net profit of Birla Shloka Edutech rose 27.08% to Rs.3.52 crore in the quarter ended March 2014 as against Rs.2.77 crore during the previous quarter ended March 2013. Sales declined 37.81% to Rs.33.19 crore in the quarter ended March 2014 as against Rs.53.37 crore during the previous quarter ended March 2013.
For the full year, net loss reported to Rs.3.28 crore in the year ended March 2014 as against net profit of Rs.5.05 crore during the previous year ended March 2013. Sales declined 71.54% to Rs.63.63 crore in the year ended March 2014 as against Rs.223.56 crore during the previous year ended March 2013.
Conclusion:
The scrip is currently trading at Rs.4.85 and is looking highly undervalued. The investors can buy the scrip for a target of Rs.7-8 in the next 4-5 months time frame. According to my close sources, the company is going do well in the subsequent quarters. However, it is not a momentum counter.
Note: This information was put on the Paid Blog, on last Sunday, i.e, on 29th June, 2014. The scrip hit the upper circuits yesterday (30th June, 2014) at Rs.5.09. Join the Paid Service or trade through my recommended brokerage house/s to stay ahead of others. Also, allow experts to trade on your behalf and cover all your losses. For details mail me at: suman2005s@rediffmail.com.
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