Share Trends : DELTON CABLES

Thebullishtrends : Delhi based DELTON CABELS is ISO 9001:2000 certified company and it is one of the largest manufacturers of cables and having wide range of Total Telecom Solution Products- from conventional telecom cables to microwave accessories,power cables etc. It is a leading supplier to the Power, Telecommunication, Railways, Steel and Mining sectors in India and has firmly established itself in the international market.

For Sept'07 it has posted sales of Rs.29.24 cr and netprofit of Rs.1.05 cr,when it compared to previous year the same quarter interest has increased due to this netprofit were down in last quarter but the gross profit margins were increased.EPS would be at Rs.6.32 for Sept'07. It is having low equity of Rs.2.88 cr.

Delton Cables having very low equity base of Rs.2.88 cr and promoters are having 73% of market capitalisation. Having very good demand for Delton Cables products in various segments like Railways and in Power Sector. The company is having good land bank. Promoters are having high stake in the company hence volme of shares are low in BSE. Delton Cables share price closed at Rs.190 on Friday. We expect that it will post Rs.120 cr sales and Rs.3.5 cr netprofit and EPS will be at Rs.12 for March'08, hence the current share price is Rs.190 is discounting the Mar'08 EPS by 16 times. Having high promoter stake,very good land bank it is one of the best stock at current levels.