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Saturday, July 28, 2007

Supreme industry -Sales rose 20.74% to Rs 363.85 crore in the quarter ended June 2007 as against Rs 301.35 crore during the previous quarter ended June 2006.
for the full year company has earned net profit of rs 39.7 cr ag rs 23.2 without other income. company has earned record operating profit of around 50 crs in single qtr which is remarkable. it has declared 75 % dividend on enlarged capital inclusive of 25 % interim dividend.

The Company has commenced Constructions of its commercial complex at Andheri (West), Mumbai. The construction work of 1st level basement is completed and work of 2nd level basement is nearing completion. The total area being constructed would be about 2,10,000 square feet, apart from 350 cars parking spaces at basement level. The entire complex consisting of 10 floors is likely to be ready for occupation during the last quarter of 2008. Capital expenditure incurred on the project till June 30, 2007 is Rs 322.40 million.

above mentioned area is constructed area so area for sale should be minimum 35 % higher than above so this will become around 2.8 lacs sq feet . so at 14000 rate per sq feet total amount can be around rs 392 crs.

more over company likely to get tdr for on above 10 th floor which which likely to generate still more profits.

investors may pl note above income likely to be on & above operational income which it self is very encouraging. This likely encourage management to develop more real estate business for its other units too at various places. COMPANY HAS TOTAL 18 MFG UNITS.

ENAM GROUP HAS INCREASED STACK IN LAST 6 MONTHS.

MANAGEMENT IS LIBERAL IN DISTRIBUTIONS.

stay invested for good long term growth.

Posted by pp at 12:33 PM  

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Investment in equity shares has its own risks. Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that we consider reliable. I, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and I am not responsible for any loss incurred based upon it.& take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations given in this blog.