Buy Cholamandalam DBS Finance Ltd
Buy Cholamandalam DBS Finance Ltd , Current market price: 109, target 128. 52 week high/ low: 98/ 390, P/E Ratio: 10.53, EPS (Rs.): 10.38, DIV Yield: 40.00% as on 8th August 2008.
Industry: Finance & Investments
| Year | Mar 08 | Mar 07 | Mar 06 | Mar 05 |
| Profit Before Tax | 90.94 | 47.27 | 46.05 | 51.57 |
| Tax | 31.57 | 16.25 | 10.84 | 17.49 |
| Profit After Tax | 59.37 | 31.02 | 35.21 | 34.08 |
Company’s website: http://www.cholamandalam.com/
1 year chart of Cholamandalam DBS Finance Ltd, compared with Nifty:
Recent news updates:
August 06, 2008 -
Cholamandalam Dbs Finance Limited has submitted to the Exchange a copy of the newspaper publication for despatch of warrants conversions applications to the shareholders published on August 02, 2008.
August 01, 2008-
The Board inter alia, has approved the following:
1. Revised business plan of the Company for the Financial year 2008-2009.
2. Issue of secured medium term non-convertible debentures up to an amountof Rs. 4600 crs on Private Placement basis to various investors like MutualFunds/ Institutions/ banks/ Bodies corporate of other agencies.
3. Issue of unsecured non-convertible debentures in the nature ofsubordinated debtup to an amount of Rs 400 crs on private placement basis to one or moreinvestors and
4. Subject to the approval of the shareholders at the ensuing AnnualGeneral meeting,issue of redeemable cumulative preference shares of Rs 100/- eachaggregating to Rs100/- crs on private placement basis to persons including promoters/institutions/banks/ bodies corporate/ mutual funds/ individuals and other agencies.
Glimpse of Quartely results:
| Year | Jun 08 | Mar 08 | Dec 07 | Sep 07 |
| Type | 1 Qtr | 4 Qtr | 3 Qtr | 2 Qtr |
| Sales Turnover | 319.38 | 266.53 | 242.55 | 214.09 |
| Other Income | 0.00 | 0.45 | 0.00 | 0.00 |
| Total Income | 319.38 | 266.98 | 242.55 | 214.09 |
| Total Expediture | 170.10 | 124.26 | 114.23 | 91.76 |
| Operating Profit | 149.28 | 142.72 | 128.32 | 122.33 |
| Interest | 139.69 | 119.67 | 92.62 | 88.66 |
| Gross Profit | 9.59 | 23.05 | 35.70 | 33.67 |
| Depreciation | 4.33 | 6.47 | 2.00 | 6.21 |
| Tax | 2.11 | 3.84 | 13.45 | 9.44 |
| Reported PAT | 3.15 | 12.74 | 20.25 | 18.02 |
NOTE: Please read our disclaimer before making any investments in the above mentioned stock(s).
yellappa Says:
September 8th, 2008 Posted at: 9:47 am
Intra and short term scrips tips only
guna Says:
November 9th, 2008 Posted at: 8:01 pm
Dear CB,What is the time limit for your short term calls?
CB Says:
November 10th, 2008 Posted at: 12:59 am
Hi Guna, it is advisable to book profits when one is getting 15-20%. This stock call was given when markets were at 21k.. this is the reason this stock too is battered down..