MVL Ltd.

MVL : Construction & Contracting Real Estate
(CMP 84,-19.85,-19.10%)

Sudevan on MoneyControl : According to Mr. Prem Adip Rishi, Chairman of co said on CNBC TV that at present 6 projects worth of 3000 crores are under progress and next qtr onwards 400 to 500 crores income expected to get out of this. In the past qrts they have shown 13 to 14 pct profit of margin. Considering that if the company realise 400 crore revenue their margin would be roughly 56 crores devided by 26.5 crores equity of 2 FV ,In fact I have taken margin percentage 10 instead of 13 or 14 eps should be 3+ per qtr and you see what would be the yearly eps of this company. Over and above mobile instrument biz income also expected to come shortly.
Have you seen today`s announcemnt of the company that board of directors are meeting on 13th sept for stock split ???

MVL has probably some news about a buyback too at a price of 126.
(Company has a very good Q1 result)
Low in the last 10 Days : 65.60
High in the last 10 Days : 111.50
Highly volatile stock.
Book value is ridiculously low at 4.13.
MKT Cap: 2243.82 Cr