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SumanSpeaks Independent Capital Markets & Geopolitical Intelligence  Small-Cap Steel · Capacity Expansion Story Vraj Iron & Steel at ₹126: A Small Mill Building a Much Bigger Ambition Trading close to book value, backed by a near debt-free balance sheet, and sitting on a freshly-approved ₹450 crore greenfield project in Bastar — Vraj is one of the few micro-caps where the next two years' capacity roadmap is already on paper. India's steel story runs through its infrastructure spend, and Vraj Iron & Steel Ltd (₹126) sits right inside that value chain. At around ₹126, the stock trades close to its book value of roughly ₹125-130 a share, at an earnings multiple near 12x. That is not an expensive tag for a company that has just commissioned new capacity, approved a new rolling mill, and greenlit a large greenfield expansion — all inside the last six months. The bigger story here is not what Vraj ear...
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Jindal Saw standalone quarterly net rises 23.74% 
20 Jan, 2015: Jindal Saw Ltd (Rs.80,40) saw a good increase in standalone net profit for the quarter ended December 2014.  During the quarter, the profit of the company rose 23.74% to Rs 619.20 million from Rs.500.40 million  in the same quarter last year.

Net sales for the quarter  rose marginally 3.97% to Rs.17,774.30 million, compared with Rs.17,096 million for the prior year period.

Earnings per share for the quarter stood at Rs.2.21, registering 22.10% growth over previous year period. 

Courtesy: Myiris.com 

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