ELNET TECHNOLOGIES LTD: Stock Idea

ELNET TECHNOLOGIES LTD ( 517477 )                                                                     CMP Rs. 227

Elnet Technologies Limited (ETL) was incorporated in August 1990 as a Public Limited Company promoted by Electronics Corporation of Tamil Nadu and Stur Technologies Pvt Ltd (formerly New Era Technologies Private Limited) & its Associates. ETL’s core competence is to develop and manage Software Technology Park. ETL has pioneered the concept of Software Technology Park in India.

ELNET TECHNOLOGIES : TECHNICAL MULTIYEAR BIG BREAKOUT POSSIBLE

Market Experts are bullish on share of Elnet Technologies and giving big target. 

• COMPANY IS ALMOST DEBT FREE

• ELNET TECH CORE COMPETENCE IS TO DEVLOP & MANAGE SOFTWARE TECHNOLOGY PARK

• ETL HAS PIONEERED THE CONCEPT OF SOFTWARE TECHNOLOGY PARK IN INDIA & ALSO PROVIDING INFRASTRUCTURE TO INFORMATION TECHNOLOGY & INFORMATION TECHNOLOGY ENABLED SERVICES INDUSTRY COMPANIES

Financial Highlights;

• BOOK VALUE Rs. 242 
• STOCK is trading  at a low PE below 8.
• PROMOTER HOLDING 52.85%
• ROE 12.38%

Stellar Result; 

• The company witnessed HIGHEST PAT IN LAST 5 YEAR

• DIVIDEND PAYING SINCE 2007 TO 2019 / SKIP IN 2020 DUE TO COVID

• FINANCIAL HIGHLIGHTS MARCH21 V/S MARCH20

• SALES 53.05 MILLION V/S 54.73 MILLIONS

• PAT 30.33 MILLION V/S 24.99 MILLION

• EPS 7.58₹ PER SHARE V/S 6.25₹ PER SHARE

DISLAIMER: PLEASE CONSULT YOUR FINANCIAL ADVISOR BEFORE INVESTING MY IDEA IS ONLY FOR EDUCATION PURPOSE.

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Best buy 2018 ~10 Small Cap Stocks Trading Below 50

Here is the latest list of some of the quality small cap stocks trading below Rs. 50 as of 19th Feb, 2018.
Tags; Top shares to invest,,most active shares below rs 50, best share to buy below 50 rs, best stocks to buy under rs 50, below 50 rupees shares NSE, list of NSE BSE stocks below Rs. 50, stocks below rs 50 India, below 50 rs shares in BSE. 

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1. First Source Solution Limited (FSL) @45.75

2. PTC India Financial Services (PFS) @ 31.65

3. SJVN @ 37.05

4.NHPC @ 28.25

5. Future Enterprises @ 42.20

6. Future Consumer @ 59.05

7. Sintex Industries @ 21.50

8. Sumeet Industries @ 25.60

9. Tanla Solution @ 30.90

10. Ujaas Energy @ 21.15

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• Top 10 Low Priced Stocks with Sound Fundamentals
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Upcoming Posts;

• Small cap stocks list moneycontrol
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• Best small cap stocks for 2018 india
• small cap stock recommendations
• below 50 rs shares in nse
• small cap stocks to buy and hold
• stocks below rs 50 in nse
• Best Multibagger Stocks below 50

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Top 10 Low Priced Stocks with Sound Fundamentals

Tags: Top 10 Small Caps 2017 | Top 10 Low priced Stocks | Top 10 Mid Cap BSE | Top 10 Multi-Bagger Ideas | Top 10  Investing in Penny Stocks | Top 10 Trading Tips | Top 10 multibagger stock in 2017 | Top 10 Sound Fundamentals Stocks | Top 10 penny stock BSE-NSE | Multibagger Stocks | Hidden Gems | 

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Top 10 small caps with Sound Fundamentals

Today we will check "Top 10 Low priced Stocks with Sound Fundamentals", these stocks are currently unnoticed to institutional buyers and common traders/investors; once they come to the notice; their sound fundamentals and growth potential will help them to fly like anything. After checking their fundamental and shareholding patterns we have shortlisted some of the bullish Low priced Stocks for you;

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"Present post is for education purpose only and should not be taken as stock recommendation. The price targets mentioned in this post are given by respective brokerage houses, read disclaimer at the footnote of this blog page before making any position in the stock."

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Top 10 Low priced Stocks with Sound Fundamentals

1. PTC India Financial Services Ltd (PFS) @ 40.90

2.     Future Enterprises Ltd - FEL @ 33.45

3. Manali Petrochemicals Limited (MPL) @ 37.95

4. SJVN @ 32.80

5. Suzlon Energy Limited @ 18.80

6. Trident @ 80.45

7. Firstsource Solutions @ 33.45

8. Genus Power @ 50.20

9. Sintex industries ltd @ 31.95

10. South Indian Bank @ 28.47

"Please feel free to comment for any inquiry/suggestion on present post "Top 10 Low priced Stocks with Sound Fundamentals".

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[Update] Is Syncom Formulations really a Multibagger Stock?

BSE: 524470 | NSE: | ISIN: INE312C01025 | SECTOR: PHARMACEUTICALS 

About Syncom Formulations Ltd

Syncom Formula Limited a Mumbai based company is well established name in the Pharmaceuticals sector. The current market capitalisation of the company stands at Rs 251.37 crore. Syncom Formulations (India) Ltd was originally incorporated as Syncom Formulations (India) Private Limited in the state of Maharashtra on June 21, 1988 under the Companies Act, 1956. Further the status of company was changed to public limited company and thereby name of company changed to "Syncom Formulations (India) Limited" and a fresh certificate of change of name obtained on July 9, 1992. For more detail check company Profile at syncomformulations.com/

Read also; Top 10 Stocks to Invest having Strong fundamentals

Product range of the company includes:

• Tablets
• Capsules
• Liquid Orals
• Vials
• Eye / Ear Drops
• Ampoules
• Dry Powder Orals

Herbal Branded

• Colo Vaporex 
• Colo Inhaler
• Colo Mouth Gel
• Fastac Ointment
• Candid Balm
• Saloni Cream
• Borosyn Cream
• Edicare Cream
• Ecziguard Cream
• Pyl Gel
• Attom Cream
• Attom Megacaps
• Shilajit Capsules
• Liovset Tonic
• Colo Cough Syrup
• Pudin Rahat
• Syncom Gripe Water
• Feelax Powder
• Yas Antacid Salt

Read also: Latest list of Top 15 Quality Stocks Trading at Low P/E - Nov 2016

Key Ratios;

• MARKET CAP (RS CR): 251.37
• P/E: 24.77
• INDUSTRY P/E: 37.00
• BOOK VALUE (RS): 1.28
• DIV (%): 2.00%
• EPS (TTM): 0.13
• P/C: 17.89
• PRICE/BOOK: 2.52
• DIV YIELD.(%): 0.62%
• FACE VALUE (RS): 1.00

Is Syncom Formulation (India) Ltd an undervalued Multibagger Stock for Long term investment in 2017?

Key Highlights

Strengths;

• Syncom Formulations India Limited is almost 'Debt Free Company' manufacturing multiple generic drugs having great movement. 
• Syncom Formulations is trading at an undervalued PE of 24.77 compared to the industry PE of 37.00 (Source: moneycontrol) 
• This is a dividend paying company. The company has been paying dividends consistently year after year which are a positive sign. 
• It has its business across the world in around 23 countries. 
• Promoter's holding is decent around 62.88%, no pledging. 
• The compounded profit growth over last three years is 43.21% which is very good, during the same period sales have grown by 13.65%. 
• Syncom Formulations now a days trading with very huge volume, its average daily volume is around 3-4 Millions and therefore, liquidity is not an issue in this stock. 
• Syncom Formulations India Limited is virtually debt free company. 
• Technically the stock is trading near the multiple support of 2.95. Thus, the risk reward ratio seems to be very attractive in this counter

Constrains;

• Syncom Formulations is 'Penny Stock' and investing in penny stocks is said to be riskier policy. 
• In last one year it has lost its market value almost by 53%.
• The promoters of the company are constantly reducing their stake from 62.88% to 53% in Dec, 2015 and now its only 48.22% as per March 2016 data. Find it on BSE.[Update]

My Take;

As for the Syncom formulation, it is the pharmaceutical industry and your query regarding it being a 'Multibagger Stock' seems to be a real one because we have a number of penny stocks specially from pharmaceutical sector that have given multifold return in the past to its shareholders. We saw Marksan Pharma and Lupin as a multibagger. It is therefore indispensable to see the market development of these stocks over a number of years;

Marksan Pharma: Headquartered in Mumbai, India, 'Marksans Pharma' is actively involved in R & D and provides CRAMS to international pharmaceutical companies. The shares of Marksan Pharma were traded at 71 paise per share on 7th March 2003 (even less than one rupee) and 114.15 on 19 August 2015. It turned out that this is a '100 bagger stock'.

Lupin: 'Lupin Limited' is a transnational pharmaceutical company based in Mumbai. It is the seventh-largest company after market capitalization; And the 10th largest generic pharmaceutical company by revenue on a global scale. The share of 'Lupin' traded on March 21, 2001, at 80 Paise per share (yes, it was too at less than a rupee) and achieved a high Rs. 2127 on October 1, 2015. Hence it turned to a 1000 Bagger Stock!

Syncom Formulations and Multibagger Expectation

Syncom Formulations (India) Ltd despite being a penny stock witnessing sound fundamental but its ROE is still poor; if it posts good numbers for few quarters, it may be a 'Multibagger Stock'; at the same time getting into such stocks is not suggested by the experts. With PE of 25, valuation wise it is not much attractive stock. So as a rule of thumb one should better forget about "multibagger" gains and focus on steady and reasonable valuations stocks. Most of the investors/traders are of the opinion; when there are so many fundamentally good shares/stocks why go for small and penny stocks with poor growth background? However at Current Market Price (CMP) risk reward ratio makes it good for risk-appetite investor. 
Also read; Top 10 Stocks having Secular Growth Stories - 2017

[Update]

Syncom Formulations has today published its Q3 result on Feb 13, 2016; The result is almost inline nothing to worried about.

1. Standalone Financial Results for the period ended December 31, 2015
2. Standalone Limited Review for the period ended December 31, 2015

Find a pdf copy now click here>>>
*Source: BSE

Hope above post helped you; don't forget to leave comment below.

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Books to read;

Comment and Criticism Welcome ↲

OMG! 90,000% Return on your Equity Investment in 10 years!

90,000 % return on your equity investment in 10 years! What a multibagger stock this is!

We know, that will leave you agape! But it's true. Look around you, some people around you might be among the luckiest investors who have made this happened. An analysis of stock prices revealed that five stocks of BSE have soared between 10,000 and 91,000 per cent since December 2006. Multibagger Stocks, 100 Bagger Stocks, 1000 Bagger stocks, 10,000 Bagger stocks or Million Bagger stocks what will you say to these blockbuster stocks?

Read also; Top 15 Quality Stocks Trading at Low P/E 

Symphony Limited: 

Among the biggest winners shares of Symphony Limited proved to be a true multibagger stock which climbed 90,677% to Rs 1,180 on December 5, 2016 from the price of a chocolate caramel to Rs 1.30 as the stock quoted on December 29, 2006 (NSE, India). Thus, an investment of Rs 10,000 in stock in December 2006 would have been Rs 90.77 lakh today; A 3-BHK apartment at the price of a caramel!

Symphony’s net income has increased at a CAGR of over 50% over the past 10 years. The net profit of the Symphony rose from Rs 2,20 crore in 2006-2007 to Rs 123 crore in 2015-16.

Latest Small Cap Multibagger Stock List April 2016

Top 10  List of some unnoticed Small Caps Hidden Gems for Quick Return

Potential Multibagger Stocks of April 2016

Hi all,

Here we publish a list of some of the hidden gems for April 2016, all these stocks are ready to fly. As these are small-cap stocks so you should book your full/partial profit immediately after target is achieved, cover your cost and hold free shares.
update: Latest list of Top 15 Quality Stocks November - December 2017

1. MMTC Ltd- 513377 CMP: 37.80 SL 35 first target 42-45

Top 10 Penny Stocks List March 2016

Before we discuss on present topic "Top 10 Penny Stocks List March 2016" our first and STRICT WARNING is we would not sincerely advise you all 'investing or trading in penny stocks'. Penny Stocks is often recommended as non-traditional investment, at the same time we have seen a number of penny stocks given tremendous return to investors. Here I collected a list of some of the buzzing penny stocks in March 2016. Basis of selection is its increased trading volume in one month. At the same time I disclose that I am neither a expertise nor I recommend investing in such stocks.

Photo Credit: moneyexcel. com

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Top 10 Penny Stocks List March 2016

1. Swagruha Infra @5.10
2. Media Matrix @ 8.95
3. Manaksia Aluminium @ 3.47
4. Cressanda Solution @ 2.85
5. Avonmore Capital  @ 9.00
6. Vegetable Products @ 5.15
7. Vertex Sec @ 3.32
8. Sharp Investments @ 7.10
9. ACI Infocom @ 6.20
10. Khaitan Fertilizer @ 8.12

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• Is Subex Ltd a Multibagger?

Is Subex Ltd a Multibagger?

Subex Limited
BSE: 532348 | NSE: SUBEX | ISIN: INE754A01014 | SECTOR: COMPUTERS - SOFTWARE MEDIUM & SMALL

CMP: NSE Mar 11, 15:59 Rs. 9.00

About Subex Limited 

Subex Limited is provider of Business and Operations Support Systems to Communication Service Providers, It is in the business of Computer Software and engaged in Medium & Small sector. The current market capitalisation of Subex Ltd stands at Rs 380.00 crore. The Company operates through two business segments: telecom software products and telecom software services. Subex Limited was founded by Subash Menon and Alex PJ in 1992. Initially the company was founded as a fibre optics company thereafter the company also joined into providing telecom fraud prevention software. Subex Limited issued its IPO in 1999 and was listed on both Indian Stock Exchange i.e. NSE and BSE its then market capitalization was around 5 million us dollar. In 2007 Subex Limited was subsequently listed in London Stock Exchange. The shares of Subex limited made its life time high of Rs. 789.60 in Jan 2007. Since then it has witnessed poor performance with deteriorating share price it made life time low of  Rs. 4.41 in Sept 2013. More at official site>>>

Key ratios:

• MARKET CAP (RS CR) : 380.00
• P/E: 4.82
• BOOK VALUE (RS) : 12.51
• DIV (%) : 0.00%
• MARKET LOT : 1
• INDUSTRY P/E ; 20.93
• EPS (TTM) :1.87
• P/C : 4.67
• PRICE/BOOK : 0.72
• FACE VALUE (RS) : 10.00

Shareholding Patter of Subex Ltd 

(in %)	Dec-15	Sep-15	Jun-15
Promoter	0.26	0.40	0.49
Public	99.74	99.50	99.39
Others	--	0.10	0.12
Total	100.00	100.00	100.00

Is Subex Ltd a multibagger?

Subex Ltd has now become a penny stock. Investment in Penny Stocks is not suggested by the experts. However after posting a continuous loss numbers company now turned into profit for last few quarters but based on these numbers only it is very hard to say that Subex Ltd has now turn-around story. With PE of 4.82, valuation wise it is much attractive stock. At the same time seeing its promoters shareholding it depicts very pathetic story (0.26%), probably you have never seen such a worst stakeholding by promoters of any company. So as a rule of thumb one should avoid companies having stake holding less than 1% and better forget about "Multibagger" gains better focus on steady and reasonable valuations stocks. We are of the opinion that if there are plenty of opportunity in fundamentally good shares/stocks, why you should go for small and penny stocks having worst growth background? However at current market price of Rs. 9.00 risk reward ratio makes it good for risk-appetite trader and not for long term investors.

Latest News on Subex Limited

• Share pledge for survival : Feb 27, 2014 | Source: Calcutta Telegraph News
• Subex wins deals worth Rs 62 cr : Jan 20, 2014 | Source: The Hindu BusinessLine
• NSE to shift 15 stocks to restricted trade segment from Friday : Oct 22, 2013 | Source: ET
• Can the startup industry get third time lucky?: Sep 13, 2013 | Source: Economic Times
• Baring PE to buy 42% stake in Hexaware Technologies for $400 million : Aug 23, 2013 | Source: ET

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Is Morepen Laboratories a Multibagger Stock?

Morepen Laboratories 
BSE: 500288 | NSE: MOREPENLAB | ISIN: INE083A01026 | SECTOR: PHARMACEUTICALS

Top Searches: MOREPEN LABORATORIES MULTIBAGGER POTENTIAL STOCK, Morepen lab multibagger, Morepen laboratories stock price, Morepen laboratories ltd latest news, Morepen lab products, Morepen lab future, Syncom formula multibagger, multibagger stocks list 2017, Morepen labs results, morepen laboratories ltd multibagger stock to Invest Now. Morpen price target and stop loss.

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About Morepen Laboratories

Morepen Laboratories is a small cap company in the Pharmaceuticals sector with current market capitalization of Rs 1,212.28 crore. Morepen Laboratories Ltd. was incorporated in the year 1984 and it went public in 1993. Morepen has a niche in the API business. Its cost reduction efforts coupled with continuous investment in R&D yielded rich dividend for the company as it attained a strong hold in the international markets, which eventually reflected positively on financial front in the current fiscal.  The company management includes Sushil Suri - Chairman & Managing Director, Arun Kumar Sinha - Whole Time Director, Manoj Joshi - Independent Director, Bhupender Raj Wadhwa - Independent Director, Sukhcharan Singh - Independent Director, Archana Bhargava - Additional Director.

Also read >>> How to Invest in Penny Stocks for Multibagger return?

Morepen Laboratories  Key ratios;

• MARKET CAP (RS CR) : 1,212.28
• P/E : 128.33
• BOOK VALUE (RS) : 4.30
• DIV (%) : 0.00%
• INDUSTRY P/E: 32.73
• EPS (TTM) : 0.21
• P/C : 25.42
• PRICE/BOOK : 6.27
• FACE VALUE (RS): 2.00

Verify it at moneycontrol

Shareholding Pattern of Morepen Laboratories 

(in %)	Dec-15	Sep-15	Jun-15
Promoter	34.54	34.54	34.54
Public	65.46	65.46	65.46

Our Take;

• Morepen Lab has been a darling of multibagger seekers. It has delivered a multifold return of more than 2000% with its nice journey from Rs. 2.05 in August 2013 to Rs. 41.80 in December, 2015. So Morepen Lab is a perfect example of  Multibagger Stock.

• At CMP of Rs. 26 shares of Morepen Lab is trading at PE of 125+ so at present EPS the stock is overvalued. No fresh position is suggested until the company delivers good numbers in upcoming quarters.
• read also: Rakesh Jhunjhunwala’s Latest Holding and It's Performance

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Latest Small Cap Multibagger Stock List April 2016

 Top 10 Penny Stocks List March 2016


Is Subex Ltd a Multibagger Stock?


Top 10 Low priced Stocks with Sound FundamentalsHow to invest in Penny Stocks: Are they Worth Buying?

What is your view on present post, feel free to raise your queries on "Morepen Laboratories a Multibagger Stock". Drop a few lines here in comment box.