Metalman Industries Ltd

CMP-->Rs.25.75

Target for the Short term->Rs.50 and Rs.70 Market Capitalization (Rs cr )-->28.29 Book Value-->Rs.42.36 Debt / Equity-->0.95 P/E-->4.80 Dividend Yield (%)-->NA EPS-->Rs.5.03 Return on Net Worth-->9.85 Current Ratio-->2.93 Quick Ratio-->1.59 Interest Cover-->2.55

Metalman Industries Ltd is a manufacturer & Exporter of Galvanised, Plain & Corrugated Sheets, Cold Rolled Sheets & Coils, Galvanised Pipes, Precision Tubes. Metalman is an ISO 9001:2000 registered firm certified by DET NORSKE VERITAS of the Netherlands (who are accredited by RvA) for manufacture and supply of Cold Rolled Steel Sheets / Strips / coils, Cold Rolled Galvanised plain steel Sheets / Strips / Coils and Corrugated steel Sheets . It also manufactures black and galvanised pipes, precision tubes and hollow sections and have manufacturing facilities situated at various locations in India. Metalman commenced business on May 12, 1971 with production of black pipes. Soon the company started producing specialised pipes and galvanising into production facilities. The company which was incorporated as a Private Limited Company, was converted into a public limited company on 26th May 1986.Precision Tubes and Hollow Sections were then added to the product range, in the production facilites at Indore Plant.New manufacturing facilites were established at Pithampur Works to produce Cold Rolled Sheets and Coils and Galvanised Plain and Corrugated Sheets.The name of the company was changed from Metalman Pipe Manufacturing Company Limited, to Metalman Industries Limited with effect from 16th January 1996.

The company is currently exporting its products all over the world and is determined to become a global player in Steel.

Products:

1.Galvanised Plain & Corrugated Sheets and Coils 2.Cold Rolled Sheets & Coils 3.Black & Galvanised Steel Pipes 4.Precision Steel Tubes 5.Hollow Steel Sections etc.

The scrip can be bought at the CMP, with a target of Rs.50 and Rs.70 for the short term. For the long term a target of Rs.150 is not impossible.

Note: The last date for enrolling in the Introductory offer for the Premium Membership expires on 31st August, 2007, after which there will be a price revision. Please note that there is very little correlation between Premium and Free Group's recommendations and workings. To know the details, kindly send me a mail at suman_2004s@yahoo.co.uk.