The document discusses three Indian domestic appliance companies - TTK Prestige, Hawkins Cookers, and Gandhimathi Appliances. It notes that Hawkins Cookers has a much lower valuation compared to TTK Prestige, but its valuation gap will likely catch investor attention as the company has grown sales over 60% in the last 5 years. All three companies have been able to pass on cost increases to consumers, allowing them to maintain sales growth even during economic downturns. Financial metrics like P/E, P/B, and ROE ratios are provided for each company.

1. Gmail - [fmsbhu10-12] Hawking huge valuation gap - will catch the attention... Page 1 of 2
dangeti swethachandra <chandra.dangeti@gmail.com>
[fmsbhu10-12] Hawking huge valuation gap - will catch the
attention...
1 message
hp mathur <hpmathur@yahoo.com> Sun, May 29, 2011 at 6:16 AM
Reply-To: fmsbhu10-12@yahoogroups.com
To: fmsbhu10-12 batch <fmsbhu10-12@yahoogroups.com>
Cc: fmsbhu09-11 <fmsbhu09-11@yahoogroups.com>
Hawkins
Hawkins cookers are looking very attractive at CMP. There is huge valuation gap
between hawkins and TTK prestige...Slowly Hawkins will catch the attention of
investor. All these companies are growing at very healthy pace. The best part of indian
domestic appliance industry is that they are able to pass cost impact to end user, it
means there is hardly any impact of inflation on domestic appliance industry...Sales
growth is remain intact...all three companies has posted 60% + CAGR sales from last 5
years...Even in 2008 -09 , most of the industry were struggling to grow but these
companies had posted decent nos.
(Rs. in Cr.)
TTK Prestige Hawkins Cookers Gandhimathi
(517506) (508486) Appliances (517421)
Net Sales 763.57 333.89 223.18
EBIDTA 121.66 48.35 22.34
PAT 83.75 31.77 10.87
No of Shares (in Cr.) 1.13 0.53 0.96
EPS (Rs.) 73.98 60.07 11.28
Debt 2.24 20.26 76.72
Cash 53.54 46.75 9.01
Net Worth 191.48 46.09 38.15
Book Value (Rs.) 169.14 87.16 39.60
CMP (Rs.) 2760.65 1104.40 199.70
Mcap 3125 584 192
EV 3074 557 260
EV/EBIDTA 25.27 11.53 11.64
EV/Sales 4.03 1.67 1.17
P/E 37.32 18.38 17.70
P/BV 16.32 12.67 5.04
Mcap/Sales 4.09 1.75 0.86
ROE (%) 43.7% 68.9% 28.5%
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2. Gmail - [fmsbhu10-12] Hawking huge valuation gap - will catch the attention... Page 2 of 2
D/E Debt free Debt free 1.77
Analyse yourself in greater detail.....
Dr. Himendu P Mathur
B Tech MMS CAIIB Ph D
Professor of Management, Allahabad Bank Chair Professor (Offered), Coordinator, MBA (AB)
Coordinator, BHU Placement Coordination Cell, Students Advisor, Convener, HRD Cell, BHU
Dy. Coordinator, Intl. Students Affairs and Intl. Collaborations
Faculty of Management Studies, Banaras Hindu University, Varanasi 221 005
M-0-9415203146/9721281284, Off: 0542-6701413/2369332 Fax 2369332
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