August 15, 2017
Sales are Rs. 20 cr 25 lakh this quarter ( Previous Year Q1 sales were Rs.3 cr 76 lakh.
and there is not much difference in expenses.
But Rs 13 cr 09 lakh from Profits have been allocated to rise in Inventories .
This is a mere accounting jugglery to hide real profits.
Thus the real net profit for the quarter is Rs.2 cr 12 lakh ( as stated ) PLUS Rs.13 cr 09 lakh ( allocated to Inventories )
This gives Q1 EPS of Rs.46/47 p . This is Standalone only and does not include the profits of subsidiary companies.
Important : Please do not take Any Investment Decision based on the above stated analysis. Please only do a further Self Study
.Buy back @ Rs.205 when CMP is Rs.300
There will not be any Delisting ( Please Recheck )
It appears ( Please Recheck ) that despite Super Results there would be no dividend for 2016-17.
Shervani Industrial Syndicate , it seems , in the current 2016-17 -has finally started monetising its real estate project , Shervani Legacy , Allahabad,
For the Q1 ( 2 months ending June 2016 , Shervani Industrial has EPS of Rs. 7 / 96 p
For the financial year 2015-16 ,Shervani Industrial had skipped Dividend.
For 2015-16 Annual Report
For Official Website of Shervani Industrial Syndicate
OLD POST - 2009
December 05, 2009
Shervani Industrial Syndicate Limited ( GEEP )
Established in 1948 , at Allahabad , by the deeply patriotic and enterprising Shervani family , GEEP ( Great Eastern Electro Plating ) sought to contribute to independent India's self reliance in electroplating industry. Electroplating technology was used by it for manufacturing torches ( famous Geep brand ).In due course it began to produce batteries. In the post globalization scenario , Geep sold out its traditional torch / battery business to Multinational- Gillette.
All facts stated in good faith. Please recheck all points before taking any investment decision ( No responsibility with the writer or blog )
CAUTION : The writer has in his / family members' names holding in this Company. So make adequate " provisions " for any over optimism