JAIHIND PROJECT AN MULTIBAGGER IN LONG RUN

jaihind project is nt an another infrastructure company,its an WATER SUPPLY & SEWERAGE SYSTEM COMPANY.

Its in upcoming business, way population of country growing as well as demand for water increase,thus requirment of water mangement has increased.Our goverment is spending huge sum on improving water supply, waste mangement n buildng new water reserve. Our country is also considering of river link project, if an when this projects implemted will create huge opportunities for water supply n mangement infra company.

Jaihind has built a strong reputation for executing Turnkey projects for water supply schemes over the last ten years.

The various projects Jaihind has undertaken in this industry segment comprise of turnkey execution of intake wells, Approach RCC bridges, Pump-houses, Pumping machineries, Treatment Plants, Reservoirs, Sumps, Buildings, Roads, Substations, Instrumentation, Transmission, Rising, Gravity Mains and distribution networks.

jaihind projest work under following area

We provide EPC services ranging from:

Oil & Gas

• Onshore and Near-shore/Marshy Pipelines
• Tankages & Terminals
• Horizontal Directional Drilling
• Microtunnelling/Boring
• Onshore & Offshore Fabrication

Process

• Refineries

Civil Infrastructure

• Water Supply & Sewerage
• Turnkey
• Rail

Thermal Power Plants

Revamping/Refurbishing/Maintenance

• Asset Preservation and Maintenance
• Revamping

Cross Country & Onshore Pipelines

Horizontal Directional Drilling (HDD)

HDD is an advanced technology useful for construction of all types of pipelines and cable lines under various terrain obstacles, such as rivers, lakes, ramparts, roads, canals, swamps, runways, parks, sanctuaries etc. The obstacle is crossed by drilling under it, from one side to the other, using special machine called drilling rig

Bulk Storage Tanks

City Gas Distribution

ABOUT COMANY

Now while know about company mangement, its an hinduja group company, one of the most powerful an high profile group, which has good relationship with our country most strong political party, which is very important to get huge order in infra sector.

Prakash Hinduja, Chairman & Managing Director

Prakash Hinduja has served as the Chairman and Managing Director since 1989, prior to which he was Director, Operations. Under his leadership, Jaihind has grown strength to strength in various areas of engineering & infrastructure construction. He is a mechanical engineer by training.

Lallan Pandey, Executive Director

Lallan Pandey looks after the operations of the company and under his stewardship the company has progressed considerably in executing increasingly ambitious projects. With more then 30 years experience, Mr. Pandey worked with Projects & Development India Limited (PDIL) as Chief Engineer before joining Jaihind in 1995. He is a Mechanical Engineer by profession.

Dinesh Hinduja, Director, Corporate Development

Dinesh Hinduja is responsible for the overall corporate development activities of the company and also heads the Information Systems and HR functions of the company. He has over 10 years of business development experience in engineering construction and software industries. He is an MBA from Georgetown University, USA, and has studied in Melbourne Business School, Australia and Indian Institute of Management, Ahmedabad.

Harish Chandwani, Director, Contracts and Projects

Harish Chandwani rejoined Jaihind in early 2008 after a gap of 10 years during which he was an independent consultant and contractor for EPC projects in Civil and Mechanical industries. Harish has around 40 years of experience in project execution, of which 10 years were with Jaihind between 1988 to 1998 as a General Manager. He holds a Civil Engineer Graduate degree from Rajasthan University.

NOW COMPANY FUNDMENTALS

MCAP: 220cr

book value: 110rs

eps : 33rs

pe: 9.9

An infra company with small equity of 7.1cr or we say 71 L shares. with small debt of 97cr.

	Mar '05	Mar '06	Mar '07	Mar '08	Mar '09
	12 mths	12 mths	12 mths	12 mths	12 mths
Income
Sales Turnover	51.91	62.09	84.83	74.75	239.47
Excise Duty	0.00	0.00	0.00	0.00	0.00
Net Sales	51.91	62.09	84.83	74.75	239.47
Other Income	0.21	0.30	0.35	4.20	6.40
Stock Adjustments	0.00	0.00	0.00	0.00	0.00
Total Income	52.12	62.39	85.18	78.95	245.87
Expenditure
Raw Materials	12.26	16.38	17.40	15.32	131.75
Power & Fuel Cost	2.65	2.30	4.60	5.28	5.41
Employee Cost	23.46	26.74	35.12	28.19	47.67
Other Manufacturing Expenses	1.15	1.81	1.82	2.18	1.50
Selling and Admin Expenses	5.66	5.86	6.11	6.47	8.79
Miscellaneous Expenses	3.59	4.20	5.51	2.59	7.70
Preoperative Exp Capitalised	0.00	0.00	0.00	0.00	0.00
Total Expenses	48.77	57.29	70.56	60.03	202.82
	Mar '05	Mar '06	Mar '07	Mar '08	Mar '09
	12 mths	12 mths	12 mths	12 mths	12 mths
Operating Profit	3.14	4.80	14.27	14.72	36.65
PBDIT	3.35	5.10	14.62	18.92	43.05
Interest	1.50	1.67	3.16	6.71	19.48
PBDT	1.85	3.43	11.46	12.21	23.57
Depreciation	0.68	0.89	1.36	2.18	3.63
Other Written Off	0.06	0.00	0.00	0.00	0.00
Profit Before Tax	1.11	2.54	10.10	10.03	19.94
Extra-ordinary items	0.00	0.00	0.00	-1.17	-2.75
PBT (Post Extra-ord Items)	1.11	2.54	10.10	8.86	17.19
Tax	0.51	1.47	7.00	3.74	6.65
Reported Net Profit	0.60	1.07	3.09	6.30	13.28
Total Value Addition	36.51	40.91	53.16	44.70	71.08
Preference Dividend	0.00	0.00	0.00	0.00	0.00
Equity Dividend	0.00	0.00	0.00	0.00	0.00
Corporate Dividend Tax	0.00	0.00	0.00	0.00	0.00
Per share data (annualised)
Shares in issue (lakhs)	51.09	51.09	51.09	71.09	71.09
Earning Per Share (Rs)	1.17	2.10	6.05	8.86	18.68
Equity Dividend (%)	0.00	0.00	0.00	0.00	0.00
Book Value (Rs)	23.36	25.46	31.51	56.84	77.18
so we can see how fast company is growing, its an high growth company with small equity base, thus its will have fast an huge impact on eps of company and thus valuation of company. Its very important what we are paying, 220cr for an infra company with good business group, and high growth potantial sector. thus it will become big infra company in long run,so giving us an opportunity in investing in multibagger company.. disclamer: i have invested in this company , its just and view not an recommendation, people must do his own study before investing

Some Common Myths Related To Stock Market Investments

The term ‘to invest’ is often misunderstood, especially when it comes to the stock market. As a stock market intermediary, I come across many clients who think of investments as something that can make them rich or earn high returns quickly.

The recent downfall in the stock market has made several people lose a lot of money, mostly due to lack of knowledge, patience and wrong choice of investments.

There are a few myths related to stock market investments that I would like to debunk:

Myth: Stock market is a lot of quick money
Fact: It is true that stock market investments can give amazing returns in a short time. However, it is only rare. Unless you know what the market doesn’t, you will have to do a lot of research about the economy, the industry and the company that you want to invest in and be patient for the market to value your pick.

Myth: Stock market investments require a lot of capital
Fact: You can start with as little as you want. A small amount every month would be ideal to begin with. Do NOT invest all your savings in the stock market. Determine your risk appetite. Stock market investments are only a part of your overall financial planning. Ideally, you should never invest more than 30% of your savings in the stock market.

Myth: Daily trading will increase your chances of making more money
Fact: Trading is speculation. If you trade (buy or sell shares) on a daily basis, you are speculating daily price movements. There is NO fool proof way to determine which way a stock would move on any particular day. All technical analysis and charts are only for guidance. Do NOT bet your hard earned money on mere historical patterns.

Trading is about making buy or sell decisions. The more decisions you make, the higher are your chances of going wrong. Trading might lead you to occasional profits, but it won’t make you wealthy. Warren Buffet didn’t trade his way up to riches.

Myth: Invest for the long term and forget
Fact: While investing for a longer term is recommended, you should follow the economy, industry and the particular company you are invested in closely.

Myth: Invest a huge amount at once to get maximum returns
Fact: The best way to minimise your risk is to invest gradually, in small quantities, over a period of time. Even a good stock can come down temporarily due to market perception. You can take advantage of temporary stock market corrections to buy stock at a lower price and ‘average’ out your purchase price. This way, you can even keep monitoring as well as evaluating your investments.

Myth: Use Futures and Options to hedge your positions
Fact: Only big corporations and HNI investors can truly hedge themselves with Futures and Options.
In India, we have a cash based settlement and not a delivery based settlement. Hence, hedging, in its truest sense is not possible. These instruments only help you to leverage your positions (and hence the risk). Small investors should STAY AWAY from trading in the futures market. More than 90% of all transactions even in the commodities market in India (where hedging and delivery based settlement is possible) are settled in cash.

As a basic rule:
Invest a major portion of your savings in fixed return investments like bank deposits, National savings certificates, Postal schemes and other such instruments.

Focus on your insurance needs. Life insurance and medical/health insurance are highly recommended. A major illness or any unfortunate emergency can hamper your entire financial planning unless you have sufficient insurance cover. Choosing the right insurance plan is also very important.

Invest a part of your savings in debt based mutual funds. They are relatively less risky compared to direct equity investments. You can even opt for hybrid debt-equity mutual funds for slightly higher returns, albeit with slight higher risk.

The remaining savings can be invested in the stock market either by buying equity shares directly or through pure equity based mutual funds. If you really have no knowledge at all about stocks and still want to invest, then mutual fund investments are recommended. Do some research on the internet to determine the best performing mutual funds in the past 3 to 5 years. To be on the safer side, invest in mutual funds that invest in blue chip companies.

If you do not have the time or expertise, it is always better to take the help of a professional and qualified investment advisor.