This equity research report provides an overview of WPIL Ltd, an industrial machinery company that designs, manufactures, and services pumps. The report discusses WPIL's history, financial performance, products, applications, and peer comparisons. It recommends WPIL as a hidden gem with potential for growth, given the company's leadership in the pump industry, diverse product portfolio, and various major installations for applications such as water supply, irrigation, thermal power plants, firefighting, seawater, and mining. The target price over 18-24 months is Rs. 460.
The document discusses recent trends in shale gas completions, including the increasing use of horizontal wells with longer laterals and more fracture stages. It also summarizes Halliburton's expertise in shale gas technologies, including over 4,200 fracture treatments per month. The document highlights challenges for shale development outside of the US and introduces techniques like pinpoint stimulation using coiled tubing to address these challenges. It also presents Halliburton's CleanSuite technologies for reducing water usage and improving environmental performance of fracturing operations.
Piccadily Agro Industries Ltd is an Indian sugar and liquor manufacturer trading at Rs. 35.95 per share. The equity research report provides an overview of the company's background, recent financial performance, peer comparison and recommends the stock as a buy with a target price of Rs. 75 based on an estimated earnings per share of Rs. 10.3 and favorable growth prospects in the sugar and liquor segments. Key risks include raw material price fluctuations and competition in the sugar industry.
This document recommends buying shares of Tata Elxsi Ltd, an Indian IT services company, for short term gains within 90 days. It provides the company's current stock price and target price, which would yield a 16.3% return. Charts show the stock has significantly outperformed the broader market in the past year. The company's quarterly financial results are also summarized, showing increasing sales, profits, and EPS. The recommendation is based on a technical analysis of the stock's price movements and resistance/support levels.
This document provides an equity research report on Premier Explosives Ltd, an Indian company that manufactures explosives and accessories. The report discusses the company's background, financial performance, peer comparison, and risks. It recommends the stock as a potential multibagger, citing the company's consistent growth, expansion into new markets, and upside potential given government plans driving demand in the mining and power industries. The target price is Rs. 150, representing upside of over 100% from the current market price.
Saral Gyan - 15% @ 90 Days - March 2016SaralGyanTeam
The document recommends buying shares of KEC International, an infrastructure company. It projects the stock price will rise 17.5% to Rs. 141 within 90 days. KEC International has outperformed the broader market in the last year, rising 48.4% compared to an 11.3% decline in the Nifty index. The company has strong financials with rising sales, profits, and EPS. For these reasons, the document recommends buying KEC International shares for short-term gains.
The document recommends buying shares of Praj Industries, an Indian company, for potential short-term gains within 90 days. Praj Industries' stock price is currently Rs. 80.85 but is predicted to rise to Rs. 95, a potential upside of 17.5%. Technical analysis indicates resistance levels of Rs. 88 and Rs. 94 and support levels of Rs. 75 and Rs. 68. Quarterly financial results are provided, showing growth in net sales, net profit, and earnings per share over previous quarters. The recommendation is made on the basis of this technical and fundamental analysis.
- Panacea Biotec stock is recommended for short-term purchase with an expected 15% return over 90 days based on technical analysis. The current stock price is Rs. 102.30 and the target price is Rs. 121.00.
- The company's quarterly financial results show declining sales and profits over the past year. Net profits were negative for all quarters reported.
- Resistance levels for the stock price are Rs. 110 and Rs. 122, and support levels are Rs. 98 and Rs. 85 based on historical price data.
Cravatex Ltd is an Indian company that distributes sportswear, fitness equipment, and beauty products. It represents several international brands. The company reported a net profit of Rs. 1.49 crore for the quarter ended March 2011, up from a net loss in the prior year quarter. For the full fiscal year, net profit rose 74.80% to Rs. 6.45 crore. The board recommended a dividend of Rs. 5 per share and a 1:1 bonus share issue to increase authorized capital from Rs. 2 crore to Rs. 5 crore. Cravatex also acquired a wholly owned subsidiary in the UK.
The document discusses recent trends in shale gas completions, including the increasing use of horizontal wells with longer laterals and more fracture stages. It also summarizes Halliburton's expertise in shale gas technologies, including over 4,200 fracture treatments per month. The document highlights challenges for shale development outside of the US and introduces techniques like pinpoint stimulation using coiled tubing to address these challenges. It also presents Halliburton's CleanSuite technologies for reducing water usage and improving environmental performance of fracturing operations.
Piccadily Agro Industries Ltd is an Indian sugar and liquor manufacturer trading at Rs. 35.95 per share. The equity research report provides an overview of the company's background, recent financial performance, peer comparison and recommends the stock as a buy with a target price of Rs. 75 based on an estimated earnings per share of Rs. 10.3 and favorable growth prospects in the sugar and liquor segments. Key risks include raw material price fluctuations and competition in the sugar industry.
This document recommends buying shares of Tata Elxsi Ltd, an Indian IT services company, for short term gains within 90 days. It provides the company's current stock price and target price, which would yield a 16.3% return. Charts show the stock has significantly outperformed the broader market in the past year. The company's quarterly financial results are also summarized, showing increasing sales, profits, and EPS. The recommendation is based on a technical analysis of the stock's price movements and resistance/support levels.
This document provides an equity research report on Premier Explosives Ltd, an Indian company that manufactures explosives and accessories. The report discusses the company's background, financial performance, peer comparison, and risks. It recommends the stock as a potential multibagger, citing the company's consistent growth, expansion into new markets, and upside potential given government plans driving demand in the mining and power industries. The target price is Rs. 150, representing upside of over 100% from the current market price.
Saral Gyan - 15% @ 90 Days - March 2016SaralGyanTeam
The document recommends buying shares of KEC International, an infrastructure company. It projects the stock price will rise 17.5% to Rs. 141 within 90 days. KEC International has outperformed the broader market in the last year, rising 48.4% compared to an 11.3% decline in the Nifty index. The company has strong financials with rising sales, profits, and EPS. For these reasons, the document recommends buying KEC International shares for short-term gains.
The document recommends buying shares of Praj Industries, an Indian company, for potential short-term gains within 90 days. Praj Industries' stock price is currently Rs. 80.85 but is predicted to rise to Rs. 95, a potential upside of 17.5%. Technical analysis indicates resistance levels of Rs. 88 and Rs. 94 and support levels of Rs. 75 and Rs. 68. Quarterly financial results are provided, showing growth in net sales, net profit, and earnings per share over previous quarters. The recommendation is made on the basis of this technical and fundamental analysis.
- Panacea Biotec stock is recommended for short-term purchase with an expected 15% return over 90 days based on technical analysis. The current stock price is Rs. 102.30 and the target price is Rs. 121.00.
- The company's quarterly financial results show declining sales and profits over the past year. Net profits were negative for all quarters reported.
- Resistance levels for the stock price are Rs. 110 and Rs. 122, and support levels are Rs. 98 and Rs. 85 based on historical price data.
Cravatex Ltd is an Indian company that distributes sportswear, fitness equipment, and beauty products. It represents several international brands. The company reported a net profit of Rs. 1.49 crore for the quarter ended March 2011, up from a net loss in the prior year quarter. For the full fiscal year, net profit rose 74.80% to Rs. 6.45 crore. The board recommended a dividend of Rs. 5 per share and a 1:1 bonus share issue to increase authorized capital from Rs. 2 crore to Rs. 5 crore. Cravatex also acquired a wholly owned subsidiary in the UK.
This document recommends buying shares of Can Fin Homes Ltd, an Indian housing finance company, with the expectation that the stock price will rise by 17.1% over the next 90 days. It provides the company's current stock price and target price, as well as comparative performance charts showing Can Fin Homes has outperformed the broader market index over the last year. The document also includes the company's quarterly financial results and attributes the recommendation to a technical analysis. It disclaims any warranty or responsibility for investment decisions based on the recommendation.
Saral Gyan - 15% @ 90 Days - April 2014SaralGyanTeam
- The document recommends buying shares of Praj Industries, an Indian company, as it is currently undervalued and forecasts the stock price to rise 16.5% over the next 90 days.
- Praj Industries' stock has significantly outperformed the broader market over the past year, rising 55.2% compared to a 16.2% gain in the Nifty index.
- The company has seen strong growth in sales, profits, and earnings per share in recent quarters.
Tata Coffee is Asia's largest integrated coffee plantation company and the largest grower-exporter of green coffee from India. It owns 19 coffee estates and 7 tea estates across South India. Tata Coffee is involved in every step of the coffee production process from growing and processing coffee beans to manufacturing and marketing instant coffee and retail branded coffee in India [SENTENCE 1]. The company produces 10,000 metric tonnes of Arabica and Robusta coffee annually and has the capacity to produce 5,000 metric tonnes of instant coffee for export. Tata Coffee engages in research to improve crop yields and quality through soil analysis, testing new varieties of coffee and crops, and developing biological controls for pests and diseases [SENT
The document recommends buying shares of Hindalco, an aluminum company trading on Indian stock exchanges. It is recommended to buy now at the current price of 108.90 rupees per share, with an expected upside of 16.6% to a target price of 127 rupees within 90 days. Hindalco's stock performance has lagged the overall market in the last year. The company's most recent financial results show revenues increasing but profits decreasing compared to the previous year. The recommendation is based on a technical analysis of Hindalco's stock price movements.
This document recommends buying shares of Suzlon Energy, an Indian wind turbine manufacturer. It is currently trading at 34.25 rupees per share and has an upside potential of 19.7% to reach the target price of 41 rupees. Financial data from 2007-2011 shows declining revenues and losses in recent years. The recommendation to buy is based on technical analysis of the stock price and the company's recent developments.
The document recommends buying shares of Century Plyboards Ltd. It predicts the stock price will rise 16.4% within 90 days to a target price of Rs. 182 from the current price of Rs. 156.40. The recommendation is based on Century Plyboards' strong financial performance, with net sales and profits growing each quarter. Additionally, the stock's one-year return has been 525% compared to a 31% return for the Nifty index. Resistance levels are Rs. 168 and Rs. 177, and support levels are Rs. 142 and Rs. 130.
This document recommends buying shares of Vinati Organics Ltd, an Indian chemicals company, based on its strong past performance and positive financial outlook. The stock price has potential upside of 17.2% over the next 90 days. Vinati Organics' stock has risen 93% in the past year compared to a 33% gain in the broader market index. The company's quarterly results show rising sales, profits, and earnings per share. Technical analysis also supports the recommendation to buy Vinati Organics at current price levels.
The document recommends buying shares of Indoco Remedies Ltd, an Indian pharmaceutical company, with the expectation that the stock price will rise 17.8% over the next 90 days. It provides financial data for Indoco showing increasing quarterly revenues and profits. The recommendation is based on Indoco's strong financial performance and technical analysis showing the stock price is currently below resistance levels, indicating further upside potential. However, investors are advised to make independent decisions as the recommendation does not guarantee investment results.
The document recommends buying shares of GIC Housing Finance for short-term gains over 90 days. It provides analysis showing the stock's current price and target price indicate a potential 16.7% upside. Charts compare the stock's performance to the Nifty index over the last year. The analysis also gives the stock's quarterly financial results and resistance/support levels. It bases the recommendation on technical analysis and disclaims any responsibility for investment decisions made based on the recommendation.
The document recommends buying shares of Century Plyboards Ltd, an Indian wood and panel products manufacturer, based on its strong financial performance and high potential upside. Specifically:
- The stock price is currently Rs. 171.30 per share but the target price within 90 days is Rs. 200 per share, representing an upside of 16.8%.
- Over the past year, Century Plyboards' stock has returned 138% compared to a 6% return for the broader market index.
- The company's quarterly revenues and profits have increased steadily in recent quarters.
- Technical analysis signals the stock is currently trading below key resistance levels and may rise further.
Tide Water Oil is an Indian lubricant company with a market cap of Rs. 6,747 crores. It has seen revenue and profit growth of 13.61% and 21% respectively over the past 3 years. The report recommends the stock with an 18-24 month target price of Rs. 12,500, citing opportunities for international expansion through a recent acquisition and a technical collaboration with a major Japanese lubricant company. However, risks include volatility in base oil prices and competition from large players in the domestic market.
Saral Gyan - 15% @ 90 Days - April 2016SaralGyanTeam
Rallis India stock is recommended as a short-term buy based on its potential 16.9% upside. At a current price of Rs. 189.85 per share, the target price is Rs. 222 within 90 days. Technically, the stock has support at Rs. 180 and Rs. 165, and resistance at Rs. 200 and Rs. 214. Fundamentally, over the last year Rallis India's returns have significantly underperformed the broader market, making it poised for gains.
This report provides an analysis of Superhouse Ltd, an Indian company that manufactures and exports leather, leather products, and textile garments. It discusses the company's background and facilities, financial performance, industry overview, and recommends the stock as a potential investment. Key points include that Superhouse has annual revenues over Rs. 4,000 crores and 15 manufacturing units in India. The report provides financial details, compares it to peers, and forecasts continued growth in the coming quarters.
De Nora India Ltd is an Indian subsidiary of De Nora, a global leader in electrochemical technologies. Some key points:
- De Nora India reported a net profit of Rs. 9.72 million for the quarter ending September 2010, up from a net loss in the same quarter the previous year. Sales increased 55.72% to Rs. 44.13 million.
- For the quarter ending June 2010, De Nora India's net profit rose 105.17% to Rs. 11.9 million compared to the same quarter the previous year. Sales increased 56.08% to Rs. 46.3 million.
- Estimated earnings show continued growth with net sales projected to be Rs. 64.63
The document recommends buying shares of Praj Industries, an Indian engineering company, for potential short-term gains of 15% over 90 days. It provides the stock's current and target prices, financial ratios, and comparative performance against the broader market in the last year. The financial section details Praj Industries' quarterly results for the past year. In conclusion, the recommendation is based on technical analysis, with disclaimers provided about the nature of the independent equity research.
Plastiblends India Ltd is India's largest manufacturer and exporter of color and additive masterbatches and thermoplastic compounds. The report provides an overview of the company's background, facilities, products, achievements and financial performance. It also discusses the Indian masterbatch market outlook, forecasting growth of 23% annually until 2018 driven by increased plastic usage in industries like packaging, healthcare and automotive. The company has a leading 12% market share in India's fragmented masterbatch industry.
This document is a summer training report submitted by Mohan Bihari to his coordinator at his university. It provides an overview of his summer training experience at the Indian Oil Corporation Ltd. refinery in Barauni, Bihar, India. The report includes sections on various pumps used at the refinery like centrifugal pumps and screw pumps. It also discusses concepts like net positive suction head, cavitation, and different types of valves. The report aims to provide insights gained from his practical training experience at the refinery.
Vocational Training at IOCL, Panipat ( Mechanical Department) Reporttheherovishal8692
This document is a summer training report submitted by Vishal Srivastava during his internship at Indian Oil Corporation Ltd in Panipat from June 24th to July 19th 2013. It provides an overview of the various pumps and valves used at the Panipat refinery, including centrifugal pumps, screw pumps, and discusses concepts like NPSH and cavitation. It also covers vibrations testing and analysis conducted during the training. The report is intended to fulfill the requirements for Vishal's Bachelor of Technology degree in Mechanical Engineering.
The document is a vacation training report submitted by Shubham Yadav after completing a 28 day training at Bharat Heavy Electricals Limited (BHEL) in Bhopal, India. It provides an overview of BHEL, focusing on the Bhopal plant. It describes the main products and divisions of the Bhopal plant, including water turbines, heavy electrical machines, transformers, and more. The report is submitted to fulfill requirements for Shubham Yadav's undergraduate engineering degree.
The document provides details about the student's practical training report on hydro turbines at Andritz Hydro Ltd. It includes an introduction, acknowledgments, preface, table of contents, and initial chapters on the company profile and history of Andritz as well as an introduction to hydro turbines. The introduction to hydro turbines classifies turbines as either impulse or reaction turbines and further classifies them based on direction of water flow, available head and discharge, speed, and shaft disposition. It also provides details on the main assemblies and operation of Pelton turbines.
This presentation provides an overview of the Indian Oil Corporation's Barauni refinery in India. It discusses the company profile of Indian Oil, describing it as India's largest public corporation. It then summarizes details about the Barauni refinery, including that it was built in 1964, has a capacity of 6 MMTPA, and processes crude oil imported from Southeast Asia, Africa, and the Middle East. The presentation also lists the main products produced at the refinery like LPG, motor spirit, diesel, and kerosene. It includes brief descriptions of the basic refining processes and the mechanical systems like pumps and valves used.
This document is a report submitted by Priya Kumari for her summer internship at IOCL from May 1st to June 1st 2015. It includes an introduction to IOCL and its divisions, a history of the corporation, an overview of pipeline operations including basic functions and hydraulics, and details about product and crude oil pipelines. The report contains acknowledgements, a table of contents, and covers topics like slack line flow, surge, critical product parameters, pigging, valves, and interface management in pipelines.
This document recommends buying shares of Can Fin Homes Ltd, an Indian housing finance company, with the expectation that the stock price will rise by 17.1% over the next 90 days. It provides the company's current stock price and target price, as well as comparative performance charts showing Can Fin Homes has outperformed the broader market index over the last year. The document also includes the company's quarterly financial results and attributes the recommendation to a technical analysis. It disclaims any warranty or responsibility for investment decisions based on the recommendation.
Saral Gyan - 15% @ 90 Days - April 2014SaralGyanTeam
- The document recommends buying shares of Praj Industries, an Indian company, as it is currently undervalued and forecasts the stock price to rise 16.5% over the next 90 days.
- Praj Industries' stock has significantly outperformed the broader market over the past year, rising 55.2% compared to a 16.2% gain in the Nifty index.
- The company has seen strong growth in sales, profits, and earnings per share in recent quarters.
Tata Coffee is Asia's largest integrated coffee plantation company and the largest grower-exporter of green coffee from India. It owns 19 coffee estates and 7 tea estates across South India. Tata Coffee is involved in every step of the coffee production process from growing and processing coffee beans to manufacturing and marketing instant coffee and retail branded coffee in India [SENTENCE 1]. The company produces 10,000 metric tonnes of Arabica and Robusta coffee annually and has the capacity to produce 5,000 metric tonnes of instant coffee for export. Tata Coffee engages in research to improve crop yields and quality through soil analysis, testing new varieties of coffee and crops, and developing biological controls for pests and diseases [SENT
The document recommends buying shares of Hindalco, an aluminum company trading on Indian stock exchanges. It is recommended to buy now at the current price of 108.90 rupees per share, with an expected upside of 16.6% to a target price of 127 rupees within 90 days. Hindalco's stock performance has lagged the overall market in the last year. The company's most recent financial results show revenues increasing but profits decreasing compared to the previous year. The recommendation is based on a technical analysis of Hindalco's stock price movements.
This document recommends buying shares of Suzlon Energy, an Indian wind turbine manufacturer. It is currently trading at 34.25 rupees per share and has an upside potential of 19.7% to reach the target price of 41 rupees. Financial data from 2007-2011 shows declining revenues and losses in recent years. The recommendation to buy is based on technical analysis of the stock price and the company's recent developments.
The document recommends buying shares of Century Plyboards Ltd. It predicts the stock price will rise 16.4% within 90 days to a target price of Rs. 182 from the current price of Rs. 156.40. The recommendation is based on Century Plyboards' strong financial performance, with net sales and profits growing each quarter. Additionally, the stock's one-year return has been 525% compared to a 31% return for the Nifty index. Resistance levels are Rs. 168 and Rs. 177, and support levels are Rs. 142 and Rs. 130.
This document recommends buying shares of Vinati Organics Ltd, an Indian chemicals company, based on its strong past performance and positive financial outlook. The stock price has potential upside of 17.2% over the next 90 days. Vinati Organics' stock has risen 93% in the past year compared to a 33% gain in the broader market index. The company's quarterly results show rising sales, profits, and earnings per share. Technical analysis also supports the recommendation to buy Vinati Organics at current price levels.
The document recommends buying shares of Indoco Remedies Ltd, an Indian pharmaceutical company, with the expectation that the stock price will rise 17.8% over the next 90 days. It provides financial data for Indoco showing increasing quarterly revenues and profits. The recommendation is based on Indoco's strong financial performance and technical analysis showing the stock price is currently below resistance levels, indicating further upside potential. However, investors are advised to make independent decisions as the recommendation does not guarantee investment results.
The document recommends buying shares of GIC Housing Finance for short-term gains over 90 days. It provides analysis showing the stock's current price and target price indicate a potential 16.7% upside. Charts compare the stock's performance to the Nifty index over the last year. The analysis also gives the stock's quarterly financial results and resistance/support levels. It bases the recommendation on technical analysis and disclaims any responsibility for investment decisions made based on the recommendation.
The document recommends buying shares of Century Plyboards Ltd, an Indian wood and panel products manufacturer, based on its strong financial performance and high potential upside. Specifically:
- The stock price is currently Rs. 171.30 per share but the target price within 90 days is Rs. 200 per share, representing an upside of 16.8%.
- Over the past year, Century Plyboards' stock has returned 138% compared to a 6% return for the broader market index.
- The company's quarterly revenues and profits have increased steadily in recent quarters.
- Technical analysis signals the stock is currently trading below key resistance levels and may rise further.
Tide Water Oil is an Indian lubricant company with a market cap of Rs. 6,747 crores. It has seen revenue and profit growth of 13.61% and 21% respectively over the past 3 years. The report recommends the stock with an 18-24 month target price of Rs. 12,500, citing opportunities for international expansion through a recent acquisition and a technical collaboration with a major Japanese lubricant company. However, risks include volatility in base oil prices and competition from large players in the domestic market.
Saral Gyan - 15% @ 90 Days - April 2016SaralGyanTeam
Rallis India stock is recommended as a short-term buy based on its potential 16.9% upside. At a current price of Rs. 189.85 per share, the target price is Rs. 222 within 90 days. Technically, the stock has support at Rs. 180 and Rs. 165, and resistance at Rs. 200 and Rs. 214. Fundamentally, over the last year Rallis India's returns have significantly underperformed the broader market, making it poised for gains.
This report provides an analysis of Superhouse Ltd, an Indian company that manufactures and exports leather, leather products, and textile garments. It discusses the company's background and facilities, financial performance, industry overview, and recommends the stock as a potential investment. Key points include that Superhouse has annual revenues over Rs. 4,000 crores and 15 manufacturing units in India. The report provides financial details, compares it to peers, and forecasts continued growth in the coming quarters.
De Nora India Ltd is an Indian subsidiary of De Nora, a global leader in electrochemical technologies. Some key points:
- De Nora India reported a net profit of Rs. 9.72 million for the quarter ending September 2010, up from a net loss in the same quarter the previous year. Sales increased 55.72% to Rs. 44.13 million.
- For the quarter ending June 2010, De Nora India's net profit rose 105.17% to Rs. 11.9 million compared to the same quarter the previous year. Sales increased 56.08% to Rs. 46.3 million.
- Estimated earnings show continued growth with net sales projected to be Rs. 64.63
The document recommends buying shares of Praj Industries, an Indian engineering company, for potential short-term gains of 15% over 90 days. It provides the stock's current and target prices, financial ratios, and comparative performance against the broader market in the last year. The financial section details Praj Industries' quarterly results for the past year. In conclusion, the recommendation is based on technical analysis, with disclaimers provided about the nature of the independent equity research.
Plastiblends India Ltd is India's largest manufacturer and exporter of color and additive masterbatches and thermoplastic compounds. The report provides an overview of the company's background, facilities, products, achievements and financial performance. It also discusses the Indian masterbatch market outlook, forecasting growth of 23% annually until 2018 driven by increased plastic usage in industries like packaging, healthcare and automotive. The company has a leading 12% market share in India's fragmented masterbatch industry.
This document is a summer training report submitted by Mohan Bihari to his coordinator at his university. It provides an overview of his summer training experience at the Indian Oil Corporation Ltd. refinery in Barauni, Bihar, India. The report includes sections on various pumps used at the refinery like centrifugal pumps and screw pumps. It also discusses concepts like net positive suction head, cavitation, and different types of valves. The report aims to provide insights gained from his practical training experience at the refinery.
Vocational Training at IOCL, Panipat ( Mechanical Department) Reporttheherovishal8692
This document is a summer training report submitted by Vishal Srivastava during his internship at Indian Oil Corporation Ltd in Panipat from June 24th to July 19th 2013. It provides an overview of the various pumps and valves used at the Panipat refinery, including centrifugal pumps, screw pumps, and discusses concepts like NPSH and cavitation. It also covers vibrations testing and analysis conducted during the training. The report is intended to fulfill the requirements for Vishal's Bachelor of Technology degree in Mechanical Engineering.
The document is a vacation training report submitted by Shubham Yadav after completing a 28 day training at Bharat Heavy Electricals Limited (BHEL) in Bhopal, India. It provides an overview of BHEL, focusing on the Bhopal plant. It describes the main products and divisions of the Bhopal plant, including water turbines, heavy electrical machines, transformers, and more. The report is submitted to fulfill requirements for Shubham Yadav's undergraduate engineering degree.
The document provides details about the student's practical training report on hydro turbines at Andritz Hydro Ltd. It includes an introduction, acknowledgments, preface, table of contents, and initial chapters on the company profile and history of Andritz as well as an introduction to hydro turbines. The introduction to hydro turbines classifies turbines as either impulse or reaction turbines and further classifies them based on direction of water flow, available head and discharge, speed, and shaft disposition. It also provides details on the main assemblies and operation of Pelton turbines.
This presentation provides an overview of the Indian Oil Corporation's Barauni refinery in India. It discusses the company profile of Indian Oil, describing it as India's largest public corporation. It then summarizes details about the Barauni refinery, including that it was built in 1964, has a capacity of 6 MMTPA, and processes crude oil imported from Southeast Asia, Africa, and the Middle East. The presentation also lists the main products produced at the refinery like LPG, motor spirit, diesel, and kerosene. It includes brief descriptions of the basic refining processes and the mechanical systems like pumps and valves used.
This document is a report submitted by Priya Kumari for her summer internship at IOCL from May 1st to June 1st 2015. It includes an introduction to IOCL and its divisions, a history of the corporation, an overview of pipeline operations including basic functions and hydraulics, and details about product and crude oil pipelines. The report contains acknowledgements, a table of contents, and covers topics like slack line flow, surge, critical product parameters, pigging, valves, and interface management in pipelines.
Zhejiang Homebase Industrial Co. Ltd. is a manufacturer of submersible pumps and other water-related products located in Yuhuan, Zhejiang, China. It was established in 1982 and has expanded over the years through investments and acquisitions. The company now has over 1000 employees across multiple buildings for production, offices, and employee housing. It produces over 800 different product types and has a current production capacity of 10,000 units per month.
The document provides details about Rajasthan State Mines and Minerals Limited (RSMML), including its operations at Jhamarkotra mines. RSMML operates one of the largest fully mechanized mines in the country. It describes the key sections at the mine - shovel section, dumper section, drill section, dozer section, crushing plant, and beneficiation plant. For each section, it provides specifications of the major equipment used, such as hydraulic shovels, dump trucks, drilling machines, and their functions in the mining process.
This document is a pump selection handbook that provides information for selecting double helical gear pumps made by Varley Pumps. It includes sections that cover pump features and operating ranges, how to use the pump naming convention, performance curves and specifications, dimension drawings, and installation and maintenance instructions. The handbook aims to help users precisely specify the appropriate Varley pump for their needs based on required flow rates, pressures, viscosities and other parameters.
What Are Vertical Turbine Pumps? Top Manufacturers in IndiaFlowmore Pumps
Vertical turbine pumps are a vital component in various industrial and agricultural applications, particularly in water management and irrigation systems.
A Comprehensive Analysis of Vertical Turbine Pump TypesFlowmore Pumps
There is a large selection of vertical turbine pumps on the market, each with unique benefits and drawbacks. It’s totally up to you whatever one works best for you.
Pump is a mechanical device to increase the pressure energy of fluid. The pumps are used as water – handling device in construction projects. The water is required to handle for human consumption, drainage and dewatering. The liquid handled by the pumps may be water, oil, milk, sludge etc.
This document provides an introduction and overview of turbo generators and their manufacturing process. It discusses the key components of turbo generators including the rotor, stator, and auxiliary systems. The document also outlines the 12 step design process for constructing turbo generators and their various applications in power generation. Finally, it discusses the advantages of turbo generators in providing reliable and economic power production but also notes their high maintenance and repair costs.
EDR Group of Industries established in the year 1968 is dedicating to manufacturing of mechanical Seals and selling Systems, Centrifugal Pumps and Investment Castings.
This document discusses the design and testing of an efficient, locally made hydraulic ram pump (hydram) in Sameerwadi, Karnataka, India. The project aims to provide adequate domestic water supply to rural populations using renewable energy. It is sponsored by Godavari Sugar Mills Ltd. The objectives are to identify hydram potential in the area, survey existing installations, develop an optimized computer model, construct a testing facility, manufacture and test a selected design. The document covers hydram components and working principle, site surveying considerations like water flow and drive/delivery heads, and allowing for flooding risks in the design.
The Working Principle of Submersible Pumproll82repair
Submersible pumps are vertically submerged pumps driven by electric motors. The motor and pump body are combined into a single unit, making them suitable for conveying liquids with particles. They work by using centrifugal force from an impeller's high rotational speed to convert kinetic energy in the liquid into pressure energy. Axial forces in the pump are absorbed by thrust bearings in the protector and pump. Submersible pumps come in various types depending on the liquid and use vertical, inclined, or horizontal installation positions.
The document is a report submitted by Mr. Chikhale Umesh Madhukar on his vocational inplant training at Laxmi Hydraulics Pvt. Ltd. in Solapur, India. It provides an overview of Laxmi Hydraulics, which was established in 1981 and manufactures motors, pumps, and gear drives. The report describes Laxmi Hydraulics' facilities, achievements, products, manufacturing processes, testing procedures, and solutions to common issues encountered with motors and pumps. It aims to document Mr. Chikhale's learning experience during his training at Laxmi Hydraulics.
Jinpan International is a leading manufacturer of cast resin transformers and other power distribution equipment in China, with manufacturing facilities in several Chinese cities as well as the United States. The company sees opportunities for growth from increasing electricity consumption and infrastructure development in China and globally in industries like wind energy. However, the document notes several risks to the company's business from factors like competition and economic conditions.
This document provides an equity research report on Kabra Extrusiontechnik Ltd, which manufactures plastic extrusion machinery. The report discusses the company's background and operations, recent developments including increased stake by promoters and partnership extensions, financial performance with rising net profits in the most recent quarter, and recommends the stock as a potential investment with a target price implying upside of over 100% within 12-24 months. Key risks mentioned include potential slowdown in the plastics industry.
This document recommends buying shares of NIIT Ltd, an Indian IT training company, based on its current undervaluation. It presents the stock's current price and target price with a potential 16.5% upside over 90 days. It includes charts comparing the stock and index returns over the last year and technical support and resistance levels. It also provides the company's quarterly financial results and basis for the recommendation, which is based on technical analysis. The document disclaims any warranty or liability for investment decisions based on its content.
This document recommends buying shares of Praj Industries Ltd, an Indian engineering company, for potential short-term gains within 90 days. It provides the stock's current price and target price, along with technical analysis showing resistance and support levels. Financial data for the past four quarters demonstrates overall growth in sales, net profit, and earnings per share. The recommendation is based on this technical and fundamental analysis showing the stock is undervalued and has upside potential for investors.
This document recommends buying shares of Dhampur Sugar Mills Ltd, an Indian sugar company, based on its current undervaluation. The stock price is 117.10 rupees but the target price over the next 90 days is 139 rupees, representing an 18.7% upside potential. Recent financial data is presented showing the company's quarterly revenues, expenses, profits, and other details. A technical analysis indicates the stock price supports and resistances in the near term. The recommendation is to buy this stock to benefit from short-term gains over the next 3 months.
- Radico Khaitan Ltd is recommended as a short-term buy based on its current market price of 323.45 and target price of 380, representing potential upside of 17.5%.
- Over the last year, Radico Khaitan's stock returns were 84.8% compared to 3.3% for the Nifty index. Resistance levels are seen at 350 and 372, with support at 315 and 300.
- Quarterly financial results show rising sales, profits and EPS over the past four quarters on a year-over-year basis.
This document provides a stock recommendation for Radico Khaitan Ltd, an Indian beverage company. It recommends buying the stock with an expected 17.6% upside potential within 90 days. The stock analysis is based on the company's financial performance, quarterly results, current market price of Rs. 353 compared to a target price of Rs. 415, and technical analysis showing support and resistance levels. The document discloses its independent equity research status and disclaimer.
The document recommends buying shares of Capital First Ltd for short-term gains within 90 days. It provides the stock's current and target prices, market capitalization, P/E ratio, and other financial details. The quarterly financial results are shown, along with a comparative chart showing Capital First's returns have outperformed the Nifty index over the last year. Technical analysis forms the basis for the recommendation to buy the stock.
This equity research report provides an overview of Shaily Engineering Plastics Ltd, a manufacturer of plastic components and subassemblies. Some key points:
- The company has five manufacturing facilities in Gujarat producing components for industries like FMCG, pharmaceuticals, auto, and more.
- It caters to major domestic and international clients and has long-standing relationships. Exports are diversified globally.
- A new plant produces child-resistant packaging for pharmaceuticals with capacity for 100 million units. Approval from two drug companies received.
- The report recommends the stock as a potential multibagger, setting a target price significantly higher than the current market price.
This document recommends buying shares of India Glycols Ltd, an Indian chemicals company, for potential short-term gains of 16.7% over the next 90 days. It provides the company's current stock price and target price, as well as comparative charts showing India Glycols' strong stock performance versus the broader market in the last year. Financial data for the past four quarters show increasing sales and profits. The recommendation is based on technical analysis indicating the stock price may rise further.
Waterbase Ltd is an aquaculture company headquartered in Chennai that manufactures shrimp feed and processes farmed shrimp for export. The company has recently received approval to merge Pinnae Feeds Ltd, which manufactures shrimp feed, to expand production capacity. Waterbase was also awarded the 2016 India Shrimp Feed Industry New Product Innovation Leadership Award. Financially, Waterbase reported a profit of Rs. 0.82 crore for the quarter ending March 2017 compared to a loss of Rs. 1.73 crore in the previous year, with sales rising 12.05% to Rs. 62.50 crore.
This document recommends buying shares of Edelweiss Financial Services Ltd for short-term gains over the next 90 days. It provides analysis showing the stock's current price and target price indicate a potential 16.9% upside. Charts show the stock has outperformed the broader market index by over 100% in the past year. The company's most recent quarterly financial results are also summarized, showing increases in total income, net profit, and earnings per share compared to the same period last year. The recommendation is based on technical analysis indicating the stock is currently trading below resistance levels and has support levels that suggest limited downside risk over the recommendation period.
This report provides an analysis of Emmi Industries Ltd, an Indian packaging company. Key points:
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- The company supplies domestic and international customers in over 52 countries. Exports contributed 49% of revenue in FY16.
- Emmi is focusing on value-added products like water conservation and agriculture products for the domestic market. It has an R&D center approved by the Indian government.
- Recent developments include the company gaining recognition as an R&D center and expanding into food-grade packaging. Financial performance has been positive with increasing revenues
The document recommends buying shares of Vedanta Ltd, an Indian natural resources company. It is currently trading at Rs. 249.05 per share and has an upside potential of 17.2% to reach the target price of Rs. 292 within 90 days. Vedanta has significantly outperformed the broader market in returns over the past year. The recommendation is based on technical analysis and the company's strong financial performance in recent quarters with rising revenues, profits, and earnings per share.
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Saral Gyan - 15% @ 90 Days - March 2017SaralGyanTeam
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3. HIDDEN GEMS – JULY 2011
1. Company Background
WPIL Limited dedicates itself to the cause of total customer
satisfaction. The Company has a rich experience of more than 50
years in Designing, Developing, Manufacturing, Erecting,
Commissioning and Servicing of Pumps. Either with the help of
erstwhile foreign collaborators such as JOHNSTON PUMPS for
Vertical Turbines, HAYWARD TAYLOR for Submersibles and
WORTHINGTON for Horizontals; or with the in‐house R&D
recognised by the Ministry of Science and Technology, Govt. of
India, it has grown into one strong brand‐WPIL.
Understanding the importance of
need based operation WPIL Limited
now offer System Engineering and
complete solutions to all kinds of
water and waste water handling and
transportation needs
WPIL GHAZIABAD PLANT
Historical Benchmarks:
1952 Johnston Pumps India ‐ A JV of
Johnston, US.
1982 License from Hayward Tyler, UK
for Submersible motor.
1983 Worthington Pumps India Ltd ‐
JV of Worthington.
1990 1st 2 x 500 MW CW Pump order for NTPC Farakka.
2003 First turnkey contract from NTPC Vindyachal 500 MW
2005 Turnkey project for Bagjola Drainage Pumping Station
2006 Major Sea water Pumps (DuplexSS) for Saudi Arabia‐JANA.
2008 WPIL‐CLYDE JV is formed
-3- SARAL GYAN CAPITAL SERVICES
4. HIDDEN GEMS – JULY 2011
PRODUCTS
Vertical Turbine Pumps
Range: Capacity upto 40,000
M³/Hr
Power: upto 4000 kW
Vertical Mixed Flow & Axial
Flow Pumps
Range: Capacity upto 45,000
M³/Hr
Power: upto 1500 kW
No. Of Models: 88‐178
Submersible Pumps
Range: Capacity upto 2400
M³/hr,
Power: Upto 750 kW
Speed: 2900/3500 RPM & 1460
/1760 RPM
Power Supply: 50 & 60 Hz
Horizontal Centrifugal Pumps
(Worthington and own Design)
Range: Capacity up to 15,000 M³/Hr
Head upto 190Mtr
-4- SARAL GYAN CAPITAL SERVICES
5. HIDDEN GEMS – JULY 2011
APPLICATIONS:
1. Water Supply
Applications :
Raw Water from River / Sea
Clear Water
Deepwell Water
Pumps :
Vertical Turbine, Mixed & Axial Flow Pumps
Submersible Pumps
Horizontal Splitcase
Some Of The Installations :
Cmda, Cmwsa, Kolkata
Delhi Water Supply
City Of Houston, Usa
Pdam ‐ Loa Kulu, Indonesia
2. Irrigation
Source Of Water :
River / Lakes / Canals
Deep TubeWells
Types Of Pumps To Offer :
Vertical Turbine / Mixed & Axial Flow Pumps
Submersible Pumps
Horizontal Split Case Pumps
Some Of The Installations :
Sunghaidareh, Indonesia
Kosi Canal , Nepal
Basantpur, J&K
Tekepar, Maharastra
Barishal Lift Irrigation‐B’desh
Bagjola Drainage ‐ Kolkata
Vientiane Province ‐ Lao PDR
-5- SARAL GYAN CAPITAL SERVICES
6. HIDDEN GEMS – JULY 2011
3. Thermal Power Plant
Applications :
Circulating Water
Auxiliary Cooling Water
Ash Water Pump
General Service Water
Pumps :
Vertical Turbine, Mixed Flow Pumps
Submersible Pumps
Horizontal Splitcase Pumps
WPIL PUMPS INSTALLED IN MAJOR THERMAL POWER PLANTS IN INDIA
Some Of The Major Installations :
Ramagundem STPP., NTPC. Capacity : 1500 M3 / HR.
Singrauli STPP., NTPC. Capacity : 16,500 M3 / HR.
Farakka STPP., NTPC. Capacity : 31,500 M3 / HR.
Talcher STPP., NTPC. Capacity : 33,100 M3 / HR.
Budge Budge TPS., CESC. Capacity : 15,500 M3 / HR.
3
Panipat TPS., HSEB. Capacity : 15,000 M / HR.
4. Fire Fighting
Pumps follow NFPA 20 rules
Applications :
Main Pumps
Jockey Pumps
Pumps :
Vertical Turbine Pumps
Horizontal Split Case Pumps
Some Of The Major Installations :
Melbourne Port Corpn, Australia, 1100m3/Hr
Sea Water Haldia Port. W. Bengal, 625 Hp Engine
Mangalore Refineries Ltd. Capacity: 800 M3/Hr.
Gas Authority Of India Ltd. Capacity: 410 M3/Hr.
Madras Refineries Ltd. Capacity: 410 M3/Hr.
-6- SARAL GYAN CAPITAL SERVICES
7. HIDDEN GEMS – JULY 2011
5. Sea Water
Applications :
Aquaculture
Raw Water Pump
Shipyards ‐ Dry Dock
Power Plants
Offshore Platform
Fire Water
Pumps To Offer :
Vertical Turbine / Mixed & Axial Flow Pumps
Submersible Pumps
Some Of The Major Installations :
Coromondal Fertiliser, Capacity
Birla Periclase, Visakhapatnam. Capacity : 4500 M3 / HR
Trans Water technologies, Malaysia. Capacity : 600 M3 / HR
Ship Bldg. Centre, DMDE Machinery Test Centre. Capacity : 3500 M3 / HR
Hindustan Petroleum, Vizag. Capacity : 4542 M3 / HR
Food Agriculture Corpn. Rome, Italy. Capacity : 3400 M3 / HR
Hitide Sea Farms ‐ Bangalore. Capacity : 1200 M3 / HR
Jubail Chemical Industries Co. Saudi Arabia : 6,500 M3 / HR
National Thermal Power Corporation ‐ Shimadri : 31,000 M3 / HR ( under execution )
6. Mining & Offshore
Applications :
Mine Dewatering
Offshore Platform Sea Water Lift
Offshore Platform ‐ Fire Water
Type Of Pumps:
Vertical Turbine Pumps
Submersible Pumps
Some Of The Major Installations :
More Than 100 Submersible Pumps Of 250hp At Neyveli Lignite, India.
ONGC ‐ Offshore Platforms
Eastern Coal Fields & Bharat Coking Coal‐Submersible & Vertical Turbine Pumps
-7- SARAL GYAN CAPITAL SERVICES
8. HIDDEN GEMS – JULY 2011
7. Nuclear Power Plant
Applications :
Cooling Water Pumps
Auxiliary Cooling Water Pumps
Type Of Pumps:
Vertical Turbine / Mixed Flow Pumps
Some Of The Major Installations :
Nuclear Power Corporation
Kakrapar Atomic Power Project
8. River Water Pumping ‐ Inclined installation
Applications :
Irrigation
Water Supply
Drainage
Some Of The Major Installations :
10 Sets of 24" Mixed Flow Pumps. Capacity : 3600 M3 / HR. Each for Thanh Diem Project,
Vietnam, under Ministry of Agriculture & Rural Development
6 Sets of 18" Mixed Flow Pumps. Capacity : 2000 M3 / HR. Each for Camthuy Project, Vietnam,
under Ministry of Agriculture & Rural Development
-8- SARAL GYAN CAPITAL SERVICES
9. HIDDEN GEMS – JULY 2011
RESEARCH AND DEVELOPMENT
R & D facilities of the company are considered one of the best in the industry and
recognized by government of India.
APPLICATION SOFTWARE IN CADD
Hydraulic development software for development and Graphic generation of Hydraulic Profile of
Meridional Section R‐O Plot of Turbine, Mixed Flow and Axial Flow Pumps.
TRANSIENT ANALYSIS
WPIL Limited has developed software capable of predicting transient pressure, locating the
column separation zone at any section in the piping network and runout speed, pressure as well
as flow characteristics of the main pumps following sudden flow interruption.
SEISMIC ANALYSIS
WPIL Limited can prove the adequacy of the structural design of the pump under possible
seismic excitation as per customer requirement. Seismic study was done for pumps supplied to
Kakrapar Atomic Power Project .
SUMP MODEL STUDY
WPIL Limited have developed the expertise of conducting sump Model Study to guarantee
suitable design for uniform and unidirectional flow conditions without any turbulence, eddies,
cortexing as per the norms of Hydraulic Institute USA. The company has successfully
accomplished assignments for CW Pumping System of Panipat Power Station of Harayana State
Electricity Board, Panipat, Kakrapar Atomic Power Project of Nuclear Power Corpn., and for
many others. Study will be conducted at Calcutta Plant or at an Independent Technical Institute.
VIBRATION SELECTION SOFTWARE ON DBASE‐III
IN‐SITU VIBRATION PROBLEM AND ANALYSIS
UPGRADATION
At its Research and Development cell WPIL Limited is continuously working on the upgradation
of various Mechanical and Hydraulic feature of the pumps. The company helps its clients by
installing upgraded features in pumps supplied earlier to increase reliability, life extension and
for energy conservation. Further details please see Refurbishment.
-9- SARAL GYAN CAPITAL SERVICES
10. HIDDEN GEMS – JULY 2011
CORPORATE ENGINEERING CENTRE
Corporate Engineering Centre recognized by Department of Science & Technology, Government
of India.
R&D Team with a perfect blend of Knowledge and Experience.
Intelligent Engineering Solutions for Pumps and Pumping Systems.
State‐of‐the‐art Software‐n‐Hardware facilities.
One of the Largest Pump Testing Facilities in India.
Technical tie‐up with Research & Engineering Institutes.
SPECIAL ENGINEERING ANALYSIS
Hydraulic Transient Waterhammer Analysis.
Sump, Forebay and Water carrier channel design.
Water carrier piping network analysis.
EXECUTION ENGINEERING SERVICES
Supervision of equipment and system erection and commissioning.
Pump trouble‐shooting service.
On‐site pump performance study and technical feedback to R&D
- 10 - SARAL GYAN CAPITAL SERVICES
11. HIDDEN GEMS – JULY 2011
2. Recent Developments
WPIL Acquires Mathers Foundry Ltd., July 11, 2011.
WPIL through its International subsidiary, WPIL International (Singapore) has acquired
100% shareholding of Mathers Foundry Ltd.
Mathers is the leading steel foundry in the world for the supply of high integrity castings
to the Pump Industry with the patent to the ZERON LICENSE. The Company is also one of
the few suppliers to the Global nuclear industry with both European approvals and the
prestigious NSSA approval to supply to the Chinese Nuclear Industry. This is a historic
achievement for WPIL as it places it at the forefront of pump technology with access to
the most sophisticated pump manufacturing materials especially for sea water and the
nuclear industry.
WPIL Acquires 51% stake in Sterling Pumps, April 28, 2011
WPIL Limited (formerly Worthington Pumps India Limited) has joined forces with
Sterling Pumps Pty Ltd. by acquiring a substantial 51% share of the Australian
manufacturer. WPIL with its strong heritage of Worthington and Johnson design pumps
is a global player in large engineered water handling pumps for the power, municipal
mining and oil and gas sectors. The investment will be used to strengthen Sterling's
manufacturing and product support base and expand the sales of WPIL's product range
in Australia.
"The management and staff at sterling pumps are pleased to welcome WPIL as a major
partner. This partnership will see Sterling grow into a significant manufacture and
supplier of high quality pumping equipment”. ‐Anton Merry Sterling Pumps.
"WPIL Limited is pleased to have found an ideal partner in Sterling Pumps to strengthen
its presence in the Australian market and further its global ambitions". ‐Prakash
Agarwal, Managing Director, WPIL Limited.
WPIL Limited has floated a subsidiary Company in Singapore in the name of "WPIL
International Pte. Ltd." for development of its global business by contributing to 51 % of
the total paid up Share Capital of the Company.
- 11 - SARAL GYAN CAPITAL SERVICES
12. HIDDEN GEMS – JULY 2011
3. Financial Performance
WPIL net profit rises 57.33% in the March 2011 quarter
Net profit of WPIL rose 57.33% to Rs 7.30 crore in the quarter ended March 2011 as
against Rs 4.64 crore during the previous quarter ended March 2010. Sales rose 16.69%
to Rs 86.08 crore in the quarter ended March 2011 as against Rs 73.77 crore during the
previous quarter ended March 2010.
For the audited full year, net profit rose 17.65% to Rs 15.73 crore in the year ended
March 2011 as against Rs 13.37 crore during the previous year ended March 2010. Sales
rose 4.4% to Rs 220 crore in the year ended March 2011 as against Rs 210.71 crore
during the previous year ended March 2010
WPIL net profit declines 18.92% in the Dec 2010 quarter
Net profit of WPIL declined 49.86% to Rs. 1.78 crore in the quarter ended December
2010 as against Rs. 3.55 crore during the previous quarter ended December 2009. Sales
declined 22.51% to Rs. 40.63 crore in the quarter ended December 2010 as against Rs.
52.43 crore during the previous quarter ended December 2009
Last 6 Quarters Net Sales & Profit
100
90 86.08
80 73.77
70
Rs in Crores
60 52.43
45.86 47.43
50
40.63
40
30
20
10 4.64 7.3
3.55 3.14 3.52 1.78
0
1 2 3 4 5 6
Net Sales 52.43 73.77 45.86 47.43 40.63 86.08
Net Profit 3.55 4.64 3.14 3.52 1.78 7.3
Dec 09 Mar 10 Jun 10 Sep 10 Dec 10 Mar 11
- 12 - SARAL GYAN CAPITAL SERVICES
13. HIDDEN GEMS – JULY 2011
Current & Expected Earnings:
Particulars
(Rs. In Crores) Jun '10 Sep '10 Dec '10 Mar '11 Jun '11 E Sep '11 E
Audited / Unaudited UA UA UA UA UA UA
Sales Turnover 45.72 47.29 40.62 85.85 78.45 86.67
Other Income 0.14 0.14 0.01 0.23 0.34 0.26
Total Income 45.86 47.43 40.63 86.08 78.79 86.83
Total Expenses 39.91 40.68 36.22 74.15 63.23 69.65
Operating Profit 5.81 6.61 4.4 11.7 15.22 17.02
Total Extraordinary Inc/Exp ‐‐ ‐‐ ‐‐ ‐‐ ‐‐ ‐‐
Tax On Extraordinary Items ‐‐ ‐‐ ‐‐ ‐‐ ‐‐ ‐‐
Net Extra Ordinary Inc/Exp ‐‐ ‐‐ ‐‐ ‐‐ ‐‐ ‐‐
Gross Profit 5.95 6.75 4.41 11.93 15.66 17.28
Interest 0.7 1.02 1.27 1.29 1.77 1.98
PBDT 5.25 5.74 3.14 10.64 13.89 15.30
Depreciation 0.41 0.43 0.44 0.43 0.44 0.44
Depreciation On Assets ‐‐ ‐‐ ‐‐ ‐‐ ‐‐ ‐‐
PBT 4.84 5.31 2.7 10.21 13.45 15.74
Tax 1.7 1.79 0.92 2.91 4.16 5.21
Net Profit 3.14 3.52 1.78 7.3 9.29 10.53
Prior Years Income/Expenses ‐‐ ‐‐ ‐‐ ‐‐ ‐‐ ‐‐
Earnings Per Share 3.94 4.41 2.23 9.16 11.66 13.21
Equity 7.97 7.97 7.97 7.97 7.97 7.97
Reserves ‐‐ ‐‐ ‐‐ ‐‐ ‐‐ ‐‐
Face Value 10 10 10 10 10 10
% of Public Share Holdings 27.32 27.32 27.32 25.51 ‐‐ ‐‐
Expected Earnings for 1st and 2nd Qtr FY 2011‐12:
We expect WPIL Ltd to deliver robust earnings in coming quarters. Company can
synergize its operation on account of recent acquisition of Sterling pumps and Mathers
Foundry Ltd.
WPIL has shown excellent performance in last quarter of FY 2010‐11 and we believe that
the recent acquisitions will benefit WPIL tremendously by giving access to broader
market.
- 13 - SARAL GYAN CAPITAL SERVICES
14. HIDDEN GEMS – JULY 2011
4. Charts & Graphs
i) Share Price Moving Average:
WPIL Ltd is currently trading near to its 50 days and 200 days price moving average.
WPIL is having support at 175 Rs levels.
ii) Comparative Graph:
WPIL Ltd has outperformed Sensex giving returns of 216.33% in last three year. In last
one year WPIL Ltd has underperformed giving negative returns of 17.66% against Sensex
positive returns of 13%.
- 14 - SARAL GYAN CAPITAL SERVICES
15. HIDDEN GEMS – JULY 2011
iii) Performance Chart:
iv) Share holding Pattern:
Promoters share holding was 72.68% since last 3 years but after Dec 2010 Promoters
have increased their holding by 1.8% making open market purchase. Promoter holding
stands at 74.48%.
- 15 - SARAL GYAN CAPITAL SERVICES
16. HIDDEN GEMS – JULY 2011
5. Peer Group Comparison
Andrew Elgi Kabra
PEER GROUP WPIL Ltd Yule Eimco Elecon Equipments Extrusions
CMP 195.65 23.70 225.00 80.00 56.40
52 W H/L 279.00/150.00 47.75/21.10 398.00/213.00 213.00/72.15 206.50/50.60
Market Cap 155.88 755.17 130.94 1266.84 179.93
Results
(in Crores) Mar‐2011 Mar‐2011 Mar‐2011 Mar‐2011 Mar‐2011
Sales 85.85 75.49 55.47 197.13 72.91
PAT 7.30 23.65 3.54 14.45 9.37
Equity 7.97 63.73 5.77 15.85 15.95
EPS 19.75 0.43 23.22 5.14 8.09
P/E 9.91 55.12 9.78 15.55 6.97
6. Key Concerns / Risks
The presence of all major international pump companies in India would be a
threat to Company's growth.
Delay in enough investment in Power sector, increase of operational cost and
import substitution is the cause of concern in coming years.
- 16 - SARAL GYAN CAPITAL SERVICES
17. HIDDEN GEMS – JULY 2011
7. Saral Gyan Recommendation
i) Company management is ambitious to achieve high growth targets in current fiscal
year. Company’s joint venture with Clyde Union Pumps for manufacturing special pumps
for thermal plants and nuclear power plants is expected to bring good business in
future.
ii) In recent buyout, WPIL acquired UK based Mathers Foundry which makes steel
castings used in equipment for the oil and gas, nuclear, paper, chemical and power
generation sectors. Mathers is the sole manufacturer of castings in the ZERON range of
Super Duplex alloys. ZERON is a super duplex stainless steel (with high strength and
corrosion resistant) that resists all forms of corrosion attack in seawater service. This
buyout can open new doors for WPIL in terms of business scalability and expertise.
iii) WPIL is showing steady growth since 2006 and now increased its thrust in waste
water treatment, mining and power plant related pumping systems. Promoters have
recently increased their holding by 1.8% making open market purchase during last
quarter. Increase in promoters holding after 3 years from 72.68% to 74.48% is an
encouraging factor and gives confidence in growth prospects of the company.
iv) The operating margins have improved substantially and are expected to sustain at
current levels. Company has delivered decent growth by taking organic as well as
inorganic route without diluting its equity.
v) At current market price of Rs 195.65, dividend yield works out to be 1.02%. On equity
of Rs. 7.97 crore the estimated annualized EPS for FY 2011‐12 works out to Rs. 42 and
the Book value per share is Rs. 61.53. At a CMP of Rs. 195.65, stock price to book value
is 3.18. Currently, the scrip is trading at 4.5X FY 2011‐12 estimated earnings which make
it an attractive buy at current market price.
Saral Gyan Team recommends “BUY” for WPIL Ltd. at CMP of Rs. 195.65 for a target
price of Rs. 460 over a period of 18‐24 months.
Suggested Buying Strategy:
Buy at Current Market Price (Range: 190 ‐ 196) – 50% of your investments.
Investment Rationale
Buy if stock price corrects by 20% (Range: 170 ‐ 175) – 50% of your investments.
- 17 - SARAL GYAN CAPITAL SERVICES