August 14, 2017

Shervani ( Geep ) Buyback @ Rs.205 /- No Delisting ?? PLEASE RECHECK

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August 15, 2017

Shervani ( Geep ) Super Q1 Results But Profits Grossly Understated

Please study the Q1 ( 2017-18 ) STANDALONE Results as given on Page 4 of

http://www.bseindia.com/xml-data/corpfiling/AttachLive/73ac3afc-bbba-4abe-9fe9-94d01bbc15c3.pdf

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.

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From Unconfirmed sources , it appears ( which Please Recheck ) that the Buyback offer is at Rs.205/- and there would not be any Delisting.  


Important : Please do not take Any Investment Decision based on the above stated facts / conjectures. 

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August 10, 2017


Shervani Industrial ( Geep ) to Buy Back Shares



In its Board Meeting scheduled for 14/08/17 , a proposal for Buy Back of shares , would also be considered. 

Will the Company Delist ?


http://www.moneycontrol.com/stocks/reports/geep-industrial-board-meeting14th-august-2017addendum-to-agenda-8334661.html

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May 30, 2017


Shervani (Geep ) Industrial Syndicate -Super 2016-17 Results

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EPS  Standalone Rs. 45 / 89 p, Consolidated Rs. 48 / 41 p

Book Value / share Rs.600 +

Source / For More

http://www.moneycontrol.com/company-notices/geepindustrialsyndicate/notices/GIS#GIS

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Please copy paste this link ( not click on it ) 

corporates.bseindia.com/xml-data/corpfiling/AttachLive/7d167b1f-b79d-4891-aae6-8167a064af63.pdf

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Industry ( Real Estate ) PE ratio is around 30.

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Group Companies

Subsidiary Company

Farco Foods Private Limited: Farco Foods is wholly owned subsidiary of the company and situated at Jagdispur in District Chatrapati Shahuji Maharaj Nagar (Amethi). It is a biscuit manufacturing unit. Presently the unit is working under Job Work agreement with Surya Foods & Agro Limited and producing the Biscuits under their brand name Priyagold. Approx 350 MT biscuits are produced every month

Associate Companies

1. Shervani Sugar Syndicate Limited: It is an associate company producing white crystal sugar. The unit is situated at District Kanshiram Nagar in central U.P. with crushing capacity of 3000 TCD.

2. Shervani Hospitalities Limited: It is an associate company engaged in the hospitality business. The company is running its hotel at Sunder Nagar, Nehru Place in New Delhi and one hotel in Nainital in the name of Shervani Fortview, Shervani Nehru Place and Shervani Hill Topp Inn respectively. Apart from these hotels company is also running a restaurant at Connaught Place in New Delhi in the name of Rodeo

source


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old posts

September 08, 2016

Shervani Industrial Syndicate ( Geep )-Is it on Mega Profits , Now ? Please Recheck


Shervani Industrial Syndicate , it seems ,  in the current 2016-17 -has finally started monetising its real estate project , Shervani Legacy , Allahabad,

For the Q1 ( 3 months ending June 2016 , Shervani Industrial has EPS of Rs. 7 / 96 p

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For the financial year 2015-16 ,Shervani Industrial had skipped Dividend.

For 2015-16 Annual Report 

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For  Official Website of Shervani Industrial Syndicate

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OLD POST - 2009

December 05, 2009

Shervani Industrial Syndicate Limited ( GEEP )

HISTORY

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.



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Important : Please do not take Any Investment Decision based on the above stated analysis. Please only do a further Self Study
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General Warning : Investment in Shares Can be Injurious to Your WEALTH

Disclosure : The Blog writer in his / family names has holdings in this Company. So please make suitable " provisions " for any likely Over Optimism

NB :All information given in good faith. Please recheck every point before taking an investment decision.No responsibility with this blog / blog writer

2 comments:

Ashwani Kumar Aggarwal said...

Q1 ( 2017-18 ) actual Standalone EPS is around Rs.50 /. Annualised it works out to be Rs.200 /- P/E ratio for such Real Estate Companies like Godrej Properties , Mahindra Life etc is 30. Thus, Shervani ( Geep ) Industrial Syndicate real Market worth is in thousands for one share.

Ashwani Kumar Aggarwal said...

August 16, 2017
Ashwani Kumar Aggarwal said...
Despite an EPS of around Rs.50 for the year 2015-16 no dividend has been declared. The Market rate of shares is being deliberately kept low