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Investment Ideas: HELLA INDIA LIGHTIING

Hella India Lighting Ltd (HIL):- is a subsidiary of Hella KGaA Hueck & Co., Germany with a core focus on Automotive Lighting and Signalling equipment. They are among  the pioneers of automotive lighting in India and started their operations in 1959 , presently having  manufacturing location at Derabassi near Chandigarh..Hella India Lighting Ltd is in Auto Ancillaries sector and presently it is listed in BSE (BSE: 520026).Mr.Ramashankar Pandey is the Managing Director of HIL.

                     If we talk about the business of this Company,then HIL deals in manufacturing of head lamps,horn,sundry lamps,switches,flashes lamps and other products.One of the fastest growing Company of its kind.

Key Facts: The company is having a P/E of  just 1.76 at present while Earning Per Share(EPS) is 85.76 which is too good from fundamental point of view.And if we have a look at the Share Holding pattern of the company,then Promoter holding is about 81.85% which makes this stock a safe bet for investors.

Lets have a look at the balance sheet of the Company:

Balance Sheet of Hella India Lighting

------------------- in Rs. Cr. -------------------

	Mar '11	Mar '10	Mar '09	Mar '08	Mar '07
	12 mths	12 mths	12 mths	12 mths	12 mths
Sources Of Funds
Total Share Capital	14.61	14.61	8.57	8.17	8.17
Equity Share Capital	3.17	3.17	3.17	3.17	3.17
Share Application Money	0.00	0.00	0.00	0.00	0.00
Preference Share Capital	11.44	11.44	5.40	5.00	5.00
Reserves	17.90	-8.00	-6.30	-7.15	-5.86
Revaluation Reserves	0.00	0.25	0.25	0.25	0.25
Networth	32.51	6.86	2.52	1.27	2.56
Secured Loans	0.00	0.00	0.04	0.54	0.54
Unsecured Loans	1.24	13.15	18.30	8.58	13.64
Total Debt	1.24	13.15	18.34	9.12	14.18
Total Liabilities	33.75	20.01	20.86	10.39	16.74
	Mar '11	Mar '10	Mar '09	Mar '08	Mar '07
	12 mths	12 mths	12 mths	12 mths	12 mths
Application Of Funds
Gross Block	11.62	12.24	8.17	7.75	7.23
Less: Accum. Depreciation	4.37	2.78	2.25	2.09	1.81
Net Block	7.25	9.46	5.92	5.66	5.42
Capital Work in Progress	0.04	14.18	16.93	6.79	0.60
Investments	0.50	0.00	0.00	0.00	0.00
Inventories	6.07	5.20	5.82	3.45	2.15
Sundry Debtors	7.00	4.79	2.57	3.36	5.48
Cash and Bank Balance	25.56	0.60	0.23	0.67	0.77
Total Current Assets	38.63	10.59	8.62	7.48	8.40
Loans and Advances	1.24	1.45	2.11	1.31	0.90
Fixed Deposits	0.00	0.06	1.14	0.05	12.17
Total CA, Loans & Advances	39.87	12.10	11.87	8.84	21.47
Deffered Credit	0.00	0.00	0.00	0.00	0.00
Current Liabilities	12.27	15.36	13.30	10.36	10.24
Provisions	1.64	0.36	0.54	0.55	0.50
Total CL & Provisions	13.91	15.72	13.84	10.91	10.74
Net Current Assets	25.96	-3.62	-1.97	-2.07	10.73
Miscellaneous Expenses	0.00	0.00	0.00	0.00	0.00
Total Assets	33.75	20.02	20.88	10.38	16.75
Contingent Liabilities	0.74	0.98	0.11	11.77	0.01
Book Value (Rs)	66.44	-15.21	-9.86	-12.56	-8.48

Clearly as we can  see that the company  has been posting very good results YoY and it seems a good bet for long term.One can buy HIL at current level(151) with a target of 240 in one year time period.

IM Special:Looking for Investing in Railway Budget Stocks?

Railway stocks have become a safe bet for punters ahead of the budget, as the majority of Railway orders go to only these companies.And this has become and annual phenomena.

                       Here in this section i will be presenting some key stocks to watch out on Rail Budget as these stocks have always witnessed high volatility during every Rail Budget so far.And we can expect an impact this year too before budget.We may get good return from the current levels in these stocks during pre budget rallies in them.

***But at the same time,one should beware that

the price rise before the Budget has nothing to do with the performance of the company.And i will suggest you to close all positions at least before one day of the Rail Budget as we may witness heavy profit booking in these stocks even from the day of announcement of the Rail Budget.***

Good Luck !!

BEML Ltd

BEML is engaged in manufacturing of Rail Coaches & Spare Parts and Mining Equipment. The company, a 'Miniratna-Category-1', serves India's core sectors like Defence, Rail, Power, Mining and Infrastructure.Under the Rail & Metro Business, the company manufactures and supplies Rail Coaches, Metro Cars, AC EMUs, OHE Cars, Steel and Aluminium Wagons to the rail sector.

Hind Rectifiers Ltd

Hind Rectifiers is engaged in developing, designing, manufacturing and marketing power semiconductors, power electronic equipments and railway transportation equipments. The company caters to wide range of application such as electronics, railway transportation, power, telecommunication and core sector industries like steel, non-ferrous metals, cement, chemicals, metal finishing and a host of other industries. 

Kalindee Rail Nirman (Engineers) Ltd

Kalindee Rail Nirman (Engineers) Ltd, is a construction company dedicated to building infrastructure for Rail Transport under one roof on turn key basis. 

It has been active in fields of signaling, telecommunications, track and information systems. It has plans to further diversify in the fields of electric traction system, traffic management systems, traffic surveys and project evaluation as well as annual maintenance contracts for Railway's fixed assets. It is active all over India serving not only Indian Railways but also Metro Rail Systems and Industrial Units. 

Kernex Microsystems (India) Ltd

Kernex Microsystems is engaged in the business of manufacturing, installing and maintaining of anti-collision systems as well as conceptualizing, designing, and developing certain railway safety and signal systems for Konkan Railways Corporation Ltd. It holds exclusive license for manufacturing, installation, commissioning and maintenance of anti-collision systems in India. 

The company is an outsourced facility for the Konkan Railways Corporation Ltd. for manufacture and supply of ACDs and related accessories. It is also a technology partner for the development and implementation of ADDs for Metro Sky-Bus Urban Transportation System, Advanced Railway Signal Systems and other safety systems.

Stone India Ltd

Stone India, a multi-product engineering company located in Kolkata, has been serving the Indian rail road industry for over seven decades. 

It is engaged in brake systems and train lighting alternators and has a wide range of mechanical and electrical products for the rail road industry. Its railway products include train lighting alternators, critical loco brake valve, air brake wagon and coaches, pantographs, slack adjusters, panel mounted brake for locomotives, rolling stock spares and air dryers.

Texmaco Ltd

   

Texmaco operates in five business divisions: railway freight cars, steel foundry, hydro-mechanical equipment and steel structures, process equipment and agro machinery. The railway freight cars division includes Indian Railways, special freight cars, exports and new generation cars.

Titagarh Wagons Ltd

Titagarh Wagons Ltd is engaged in the business of manufacturing railway wagons, bailey bridges, heavy earth moving and mining equipment, steel and SG iron castings of moderate to complex configuration etc. 

It is "Industry Partner" to the Defence Research and Development Establishment, Ministry of Defence ("DRDO"). The company also manufactures other products for the defence establishment, such as special wagons, shelters and other engineering equipments.

Zicom Electronic Security Systems Ltd

 

Zicom Electronics Security Systems operates in the field of electronic security. 

The company's products and services include CCTV surveillance system, access control system, fire alarm system, multi-apartment video door phones, alarm system, fingerprint locks, video door phones and telecom tower security. Its clients operate in diverse sectors, such as banking, telecom, entertainment, finance, media, business process outsourcing (BPO), religious places, industry, retail, aviation and international projects

Top 100 Companies in India by Earning Per Share (EPS)

Sr	Company	Last Price	Change	% Chg	EPS
1	MRF	7,231.35	-33.85	-0.47	1,460.50
2	Tide Water Oil	6,380.00	16.25	0.26	776.74
3	Southern Gas Lt	221.85	0.00	0.00	418.31
4	Bosch	7,150.00	17.10	0.24	335.03
5	Orissa Minerals	35,525.80	-106.30	-0.30	257.49
6	Kaycee Ind	4,300.00	200.00	4.88	211.47
7	Kirloskar Broth	644.00	-6.10	-0.94	201.68
8	Guj Auto Gears	690.10	30.20	4.58	193.89
9	Godfrey Phillip	2,724.00	102.95	3.93	180.15
10	Navin Fluorine	329.50	2.95	0.90	174.07
11	Oscar Inv	316.65	14.65	4.85	169.82
12	Guj Reclaim	1,215.00	-14.20	-1.16	166.86
13	Lakshmi Machine	1,557.35	-7.75	-0.50	160.13
14	Bharat Bijlee	652.00	2.15	0.33	152.17
15	Riddhi Siddhi G	273.00	5.60	2.09	148.85
16	Ruby Mills	779.95	-9.10	-1.15	148.23
17	Grasim	2,500.00	16.40	0.66	145.81
18	PNB	892.00	-1.00	-0.11	145.22
19	Oil India	1,167.15	10.25	0.89	143.84
20	JK Bank	735.00	14.95	2.08	142.00
21	State Bnk Tr	545.25	6.05	1.12	134.11
22	Infosys	2,634.10	48.55	1.88	129.58
23	Smartlink Net	48.50	1.45	3.08	124.65
24	Disa India	1,547.50	8.50	0.55	124.60
25	Bajaj Auto	1,423.70	-5.85	-0.41	121.10
26	Bank of Baroda	732.65	6.50	0.90	116.14
27	SBI	1,816.65	39.50	2.22	114.06
28	Honeywell Autom	1,867.10	11.25	0.61	112.91
29	Aventis Pharma	2,260.00	-9.20	-0.41	112.89
30	Oracle Financ	1,992.00	-19.10	-0.95	109.67
31	Bharat Elec	1,503.40	-15.60	-1.03	108.33
32	Clariant	619.75	11.55	1.90	107.12
33	Hero Motocorp	1,794.80	4.55	0.25	104.77
34	Sarasind	735.00	-11.95	-1.60	101.92
35	FAG Bearings	1,112.15	5.55	0.50	100.35
36	Jindal PolyFilm	199.90	-0.35	-0.17	100.19
37	Corporation Ban	381.35	1.90	0.50	99.93
38	GSFC	390.35	-1.05	-0.27	98.96
39	TTK Prestige	2,333.75	67.75	2.99	97.38
40	Nestle	3,998.00	55.55	1.41	96.88
41	State Bnk My	519.55	10.30	2.02	93.58
42	Axis Bank	935.75	-3.85	-0.41	91.48
43	Wendt	1,658.00	-1.00	-0.06	91.25
44	Bajaj Finance	649.15	3.80	0.59	88.89
45	Sutlej Textiles	160.05	-0.15	-0.09	88.26
46	Asian Paints	2,740.10	-26.45	-0.96	87.71
47	DIL	453.70	3.30	0.73	86.33
48	JSW Steel	642.50	4.75	0.74	86.07
49	Hella India Lig	148.00	1.65	1.13	85.65
50	SRF	262.45	-4.00	-1.50	83.67
51	Zylog Systems	402.10	-0.35	-0.09	83.47
52	GlaxoSmith Con	2,496.00	-33.10	-1.31	83.10
53	Balmer Lawrie	505.40	-0.75	-0.15	82.14
54	JB Chemicals	74.00	-0.30	-0.40	81.68
55	CMI FPE	725.00	-25.00	-3.33	80.92
56	Canara Bank	413.70	5.90	1.45	80.87
57	State B Bikaner	346.20	5.45	1.60	80.06
58	Kirloskar Ind	250.10	0.90	0.36	80.00
59	ARSS Infra	120.35	-1.00	-0.82	78.91
60	Savita Oil Tech	432.10	3.50	0.82	78.24
61	VST	1,106.60	0.50	0.05	78.22
62	Sudarshan Chem	539.70	-1.80	-0.33	76.51
63	National Perox	392.10	-4.80	-1.21	76.31
64	3M India	3,571.10	-78.90	-2.16	75.58
65	WABCO India	1,287.00	16.00	1.26	75.08
66	Ambika Cotton	162.00	2.00	1.25	73.63
67	UltraTechCement	1,160.10	-0.65	-0.06	73.26
68	Ind Motor Parts	640.00	-4.95	-0.77	73.21
69	Page Industries	2,449.10	-10.90	-0.44	73.08
70	Tata Steel	421.70	6.00	1.44	72.31
71	Tata Sponge Iro	253.55	-1.15	-0.45	70.96
72	Alfa Laval	2,756.05	-0.10	0.00	70.34
73	Maruti Suzuki	1,004.65	28.25	2.89	69.73
74	Bajaj Holdings	644.00	-8.45	-1.30	69.00
75	Wyeth	851.00	5.00	0.59	68.19
76	LG Balakrishnan	299.40	0.55	0.18	67.32
77	Symphony	1,275.00	0.90	0.07	67.13
78	Josts Engineers	405.10	-19.90	-4.68	66.98
79	TCFC Finance	19.45	0.45	2.37	66.82
80	Reliance	713.40	-18.65	-2.55	66.81
81	Larsen	1,202.65	30.05	2.56	66.54
82	Kohinoor Foods	35.20	-0.35	-0.98	66.49
83	Hyderabad Ind	306.75	-1.50	-0.49	66.09
84	Veljan Denison	293.00	-5.35	-1.79	65.91
85	Pfizer	1,100.00	2.85	0.26	65.33
86	Siyaram Silk	264.00	1.75	0.67	65.22
87	Container Corp	851.00	11.60	1.38	64.58
88	Kothari Product	407.50	-12.25	-2.92	63.65
89	Venus Remedies	158.65	-2.40	-1.49	63.39
90	Sunrise Invest	5.52	0.00	0.00	61.93
91	VST Tillers	425.10	-13.95	-3.18	61.21
92	Hawkins Cooker	1,386.10	-17.90	-1.27	60.98
93	Reliance Infra	408.80	-2.95	-0.72	60.32
94	Sundarmfin	525.00	-6.50	-1.22	60.30
95	Dr Reddys Labs	1,645.00	-10.55	-0.64	60.23
96	Shriram City	533.55	13.55	2.61	59.60
97	ACC	1,111.60	-12.70	-1.13	59.10
98	TVS Srichakra	305.00	-2.65	-0.86	58.76
99	Tak Machinery	153.95	-8.05	-4.97	58.23
100	Shriram TransFi	562.05	28.50	5.34	56.97