Buy Prajay engineers syndicate ltd
Buy Prajay Engineers Syndicate Ltd, Current market price: 59, target 80. 52 week high/ low: 489/ 53, P/E Ratio: 2.31, EPS (Rs.): 25.91, DIV Yield: 26, as on 25 July 2008.
UP 29 % As on 11th August 2008
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Industry: Construction
Prajay – a Hyderabaad based real estate company gives you more than just real estate. Prajay has been transforming the Hyderabad lndscape for the last two decades by developing landmark residential and commercial properties in the twin cities. The company has also made its mark in handling Hospitality projects
| Year | Mar 08 | Mar 07 | Mar 06 | Mar 05 |
| Profit Before Tax | 127.48 | 92.57 | 28.54 | 5.15 |
| Tax | 24.61 | 12.62 | 5.81 | 0.70 |
| Profit After Tax | 102.87 | 79.95 | 22.73 | 4.45 |
1 year chart of Prajay engineers syndicate ltd, compared with Nifty:
Recent news updates: June 1, 2008 -
a. Prajay Engineers Syndicate Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on June 30, 2008 has recommended a dividend of 25% for the year 2007-08.
b. Prajay Engineers Syndicate reported net loss of Rs 5.08 crore in the quarter ended March 2008 as against net profit of Rs 35.36 crore during the previous quarter ended March 2007. Sales declined 7.91% to Rs 90.70 crore in the quarter ended March 2008 as against Rs 98.49 crore during the previous quarter ended March 2007. For the full year, net profit rose 28.67% to Rs 102.87 crore in the yearended March 2008 as against Rs 79.95 crore during the previous year ended March 2007. Sales rose 70.88% to Rs 344.02 crore in the year ended March 2008 as against Rs 201.32 crore during the previous year ended March 2007.
c. The board of Prajay Engineers Syndicate has recommended dividend at the rate of 25% for the year 2007-08. This was recommended at the board meeting held on 30 June 2008.
Glimpse of Quartely results:
| Year | Jun 08 | Mar 08 | Dec 07 | Sep 07 |
| Type | 1 Qtr | 4 Qtr | 3 Qtr | 2 Qtr |
| Sales Turnover | 22.21 | 90.70 | 136.96 | 46.25 |
| Other Income | 0.18 | 0.69 | 0.09 | 0.09 |
| Total Income | 22.39 | 91.39 | 137.05 | 46.34 |
| Total Expediture | 14.44 | 90.41 | 63.25 | 20.01 |
| Operating Profit | 7.95 | 0.98 | 73.80 | 26.33 |
| Interest | 2.49 | 1.16 | 2.80 | 2.77 |
| Gross Profit | 5.46 | -0.18 | 71.00 | 23.56 |
| Depreciation | 0.87 | 0.79 | 0.50 | 0.50 |
| Tax | 1.59 | 4.11 | 4.97 | 7.66 |
| Reported PAT | 3.00 | -5.08 | 65.53 | 15.40 |
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k.Verma Says:
July 28th, 2008 Posted at: 7:25 pm
hi CB thanks for the call, bought @ 61 and sold on the at 68, now i think i should have hold it because it closed on a U.C
Anyways thanks keep giving such stock calls
Ravi Says:
October 12th, 2008 Posted at: 8:29 pm
Hi, ihave 290 shares bought at 47 what to do?hold or sell
CB Says:
October 12th, 2008 Posted at: 10:50 pm
Hi Ravi, hold it.. it is one of the cheapest stocks available as of now.
Mitheela Says:
October 13th, 2008 Posted at: 7:36 am
Dear Ravi,
I am holding 2940 shares avg. price is 58 Rs. we are on the same boat
Ravi Says:
October 16th, 2008 Posted at: 6:55 pm
Dear Mitheela,
Today Prajay has Surprised me with sudden bounce i am planning to buy some more plz guide me and also tell me how long to hold?
johnny Says:
January 2nd, 2009 Posted at: 11:53 am
SoE3uF Thanks for good post