[T.S.R:15862] Q2FY11 Likely Numbers, Equity-JV-Deal with World's 3rd Largest CornStarch Company Roquette, Power Sector Foray & Future Road Ahead - Curtains Raised on these & many Issues in the Managemement Meet Note with Riddhi Siddhi Gluco Biols Ltd - Oct.2010

Attached here are the broad takeaways from the discussions held with Managing Ditrector [Mr. Ganpatraj] & DGM(Finance) [Mr. Mukesh] of Riddhi Siddhi Gluco Biols Ltd. [BSE- 524480] regarding various points ranging from the company's impending deal with French Starch Major Roquette which is already holding a 14.93 % stake in the company, impact of closure of Gokak Plant on Q2FY11 numbers, debt-management, CAPEX plans, Rationale for Power Sector Foray, Impact of Rising Raw Material (Corn) Costs on the Company, etc. Management guys were very frank and transparent in discussions and they clarified in detail on most of the points put to them. Based on the interaction, Q2FY11 Topline is estimated at Rs. 190-205 cr. with EBITDA of Rs. 34-38 cr. while FY11 estimates remain unchanged at Rs. 1056 cr. topline with Rs. 182.80 cr. EBITDA.

 

Rgds.

Mahesh

 ----------------------------------

Points Covered :

(1) Present Relationship with Roquette Freres, world's 3^rd largest CornStarch Player, and likely Future Direction of Such Relationship post-transfer of all of the company's running Plants into a Wholly Owned Subsidiary

2. Likely Q2 Numbers & Effect of Gokak Plant Closure on Q2 Numbers

   (3) Likely FY11 Topline & EBITDA

(4) Contribution by Additional Capacity of Pantnagar Plant

(5) Impact on the Company of Likely Rise in Raw Matrial (Corn) Prices

(6) Likely Impact on the Company of Likely Fall in Tapioca Starch Prices which is a Competitive Product

(7) Capacity Expansions Planned

(8) Servicing of Existing Debt & Likely Future Cash-Raising by the Company

(9) Likely Export Scenario for the Company

(10) Edge over Competitors

(11) Likely Growth in Next 3 Years

(12) Details of Foray into Power Sector

(13) Inorganic Growth

(14) Conclusion

--
For Anything related with Stock market be Online at
http://www.niftyviews.com/
 
Get free updates on your mobile phone. Sms "Join TSR " and send to 09223492234
 
FOR TRIAL STOCK/NIFTY/OPTION CALLS
 
 
You received this message because you are subscribed to Google Group "STOCKRESEARCHER" group.
To post to this group, send an email to STOCKRESEARCHER@googlegroups.com
 
To unsubscribe email
Stockresearcher-unsubscribe@googlegroups.com
 
for more info visit
http://groups.google.com/group/STOCKRESEARCHER?hl=en-GB
.
This is Not a Spam Mail.
Disclaimer :-
"The opinions expressed by the members on this board are based on
their individual experience and perceptions and to share information
with other members with the best of intentions to help fellow members
in investment decisions as equity investment is a risky venture."