Surana Corp…. CMP: 83… Excellent Pick..

Friends,

Surana Corp is my old favorite stock and I hold this stock in my portfolio as well…. Its profits are going year by year from year 2005….

Profit in 2005: 16 crores

Profit in 2006: 20 crores

Profit in 2007: 32 crores

Profit in 2008: 29 crores (its was due to global turmoil)

Profit in 2009: 53 crores

Now what is excellent is .. Market CAP is only 178 Crores but company is doing a turnover of 4000 crores…. Fantastic…. So to buy a business of 4000 crores one need to invest mere 178 crores….. To me its excellent…..

It’s a 10 Paid up share… lifetime high is 130… it’s a regular dividend paying company…. Going at PE of just 4.4, while Industry is PE is above 100……

Surana Corporation belongs to prestigious Surana Group…. Surana group is into Steel, Metal, Power, Infrastructure..

Surana Corporation is in Jewellery Manufacturign, Jewellery Outlets, Trading(Bullion, Steel), Power Generation(wind power)….. Surana Corporation has conceived a wind turbine project for the generation of Wind Power. At a total cost of Rs.170 crores, the company plans to install around 17 wind turbines to generate power of a total capacity of 25 WW which in turn will have a potential to produce 8,00,00,000 units of electricity per annum. The electricity produced will be sold to the Tamil Nadu Electricity Board (TNEB) with the permission granted by the state government for third party sales…..In long run this wind turbine project will add substantial amount of revenue in TOP and Bottom line of surana corporation.............Surana manufacture jewels with antique, artistic, trendy and innovative gold created with intricate artistry and delicate craftsmanship. The timeless art of superior craftsmanship comes alive in a glittering display of magnificent self-made designs……the jewellery unit of Surana Corporation has emerged as a key player in the national markets and has also established itself as an Export House with sound business in countries such as Singapore and Dubai. The company has envisaged an export of over Rs.350 crores during the year 2005-2006….

85% of shares of Surana Corporation are closely held in Strong hands… Only 15% Shares are floating with Public… this is a very big positive…. From last 6 Quarters Promoters are acquiring shares under creeping acquisition route…. This shows the sign of confidence in their own company…… This company has just started to run and still has a long way to go from here…..

In my views this company is a great company to hold for long term…….