August 29, 2017
Frick India-Super-Q1-2018 Results EPS -Rs.98/65p
Q1 2018 ( Q1 2017 )
Sales Rs.92 cr ( Rs.53 cr 13 lakh )
Net Profit Rs.5 cr 92 lakh ( Rs.3 cr 35 lakh )
EPS Rs.98 /65 p ( Rs.55 /75 p )
Equity : Rs.60 lakh ( share Rs 10 paid up )
Old / Original Post
Frick India Annual Report 2016-17
As per Pages 26 and 27
New India Assurance Company holds 4 % of Equity
Ace Investor Lalit Bhasin holds 0 . 6 % Equity
United Insurance Co 0.4 % Equity
It appears that all the Top 10 Non Promoter Shareholders continued to hold their entire shareholding through out the financial year 2016-17.
This means confidence in the future of Frick India.
We are receiving Unconfirmed reports that some Investors approached Shares Dealers for sale of Frick Shares. Share Dealers were quoting False Low Selling rates so that these Dealers could buy at artificially Low rates. When these Investors said they would buy at those Selling rates , then the Dealers backed out giving lame excuses. These Investors had , some time back , quoted a price of Rs. 4000 per share. Now there may be Buyers at Rs. 5000 / Share.
Blog : Please Do Not Take Any Investment Decision based on this. Please Recheck the information independently
THERE IS VERY VERY LITTLE FLOATING STOCK OF FRICK INDIA LTD.
Blog Comments on Frick India.
Even at Rs. 5000 , Frick India gives a market capitalisation of only Rs.300 crores.
(1 ) Equity Capital of Rs.60 Lakh ( Share Rs. 10 paid up ).
( 2 ) Book Value( Without Revaluation ) of Rs.2000 Per Share, Nearly Zero Debt Company
(3 ) 22 acres Land Bank in Faridabad Delhi NCR ( Prime Location near Metro Station , GT Road ) worth around Rs.2000 crore. Branch offices all over India.
(4 ) EPS for 2016-17 above Rs.200 ( Dividend 25% )) . YOY there is an improvement of around 35 % in Net Profit if we exclude the 2015-16 extraordinary profits of Compensation for a small piece of factory land acquired for Metro construction ). Industry PE is above 40.
( 5 ) Frick India - a market leader in Industrial Refrigeration ( Cold Store Equipment ) including compressors, cooling Towers was initially set up , in 1962 , in collaboration with, originally ,York International ( now named Johnson Controls. ) Frick India is independent , presently.
Frick India's products are at par with the World leader , Johnson Controls of USA. ( Incidentally , worldwide , Frick is a brand of Johnson Controls.http://www.johnsoncontrols.com/buildings/our-brands/frick )
( 6 ) Court cases among Promoters have , now , been amicably settled.
State of Art Frick Plant video
For More on Frick India
Blog : It would be wiser for Investors of Frick India to wait because selling through Registered Brokers of Metropolitan Stock Exchange would bring clarity on Long Term Capital Gains. Avoid Off Market Transactions from Income Tax Point.
Please Make No Investment based on Above Stated Facts.
Frick India is Exclusively Listed in Metropolitan Stock Exchange.
Metropolitan Stock Exchange- SEBI Extends Licence Till 2017
January 10, 2016
Metropolitan Stock Exchange- Does it Work ?
General Warning : Investment in shares can be injurious to your WEALTH.
Caution :The blog writer has personal/ family members' holdings in Frick India and Dalmia Refractories ,so please make suitable "provisions " for likely over optimism
( PS : All information given in good faith. Please recheck all facts etc. No responsibility with this author / blog. )