Dollex Industries Ltd. (Rs 106.6) - carbon credit -
Dear Nathan , Dollex is certailny a buy at this level with a 12 month holding period. In past i have been reecomending this stock in this forum. Management is very sound. Note: I hold this stock Regards
On 9/10/07, Nathan L wrote: > > > Hi all, > > I found this in a forum > > Here’s what I found what Networth Stock Broking Ltd Says about Dollex > Industries Ltd. > > ———— > Dollex Industries Ltd. (Rs 106.6) - carbon credit - > windfall gain. > Dollex Industries has inked a deal with the UK’s Novera > Energy, one of the largest carbon traders in the UK and > Australia. The deal will bring in a cash inflow of Rs1000mn. > This will help the company in setting up Rs 2000mn > integrated unit in Gujarat. The Company had earlier > emerged as the highest bidder in the tender floated by > Commissioner of Sugar - Maharashtra for Kalamber SSK > Ltd. In view Mandatory 10% Ethanol Blending program by > GoI, the Company plans to infuse a further Rs 10 crores into > Kalamber SSK over the next year. The Company will > expand the Sugar crushing capacity of the unit to 10000 > TCD and further add 100 KLPD of Ethanol capacity and 30 > MW of Co-Generation power.This is the second major cooperative > sugar Company acquired by the Company in the > past one year, the earlier being Godavari Manar SSK. The > Company plans to make a further 3 acquisitions to fuel its 3 > year plan of becoming one of the largest integrated players > in its segment.The current sales (FY07) of the company are > Rs.25.4mn with a net profit of Rs16.5mn. The stock is > trading at 35.3x its trailing twelve months EPS of Rs.2.81. > We recommend a BUY on the stock. > > — Networth Stock Broking Ltd > > If you find this information usefull then post your comments about > this company. > > Thank You > > > > >
