In March 2019 quarter, net profit of Roto Pumps rose 30.83% to Rs 5.39 crore against Rs 4.12 crore during the previous quarter ended March 2018. Sales rose 2.71% to Rs 38.97 crore in the quarter ended March 2019 as against Rs 37.94 crore during the previous quarter ended March 2018.
For the full year, net profit of Roto Pumps rose 78.74% to Rs 15.30 crore in the year ended March 2019 as against Rs 8.56 crore during the previous year ended March 2018. Sales rose 17.08% to Rs 127.76 crore in the year ended March 2019 as against Rs 109.12 crore during the previous year ended March 2018.
The Authority has allotted us 20,000 sq. metres of land in Sector Ecotech-XII. Company planned to start civil works on the expansion project by 2009-end and commercial production was expected to start by end of 2011.
Company has imported machinery to the tune of Rs 5 crore for capacity expansion. The project was funded through internal accruals and bank loans.
Roto Pumps products are widely used abroad in sectors like oil and gas, pharmaceuticals, food industry and especially in waste water treatment plants. The company is also planning to diversify its business.
- 50% at current market price of 105
- 50% at price range of 83-85 (If stock price falls during market correction)
Time has shown that smart investors have made their fortune by investing in equities in long term. None other asset class can match giving you such extra ordinary returns. Yes, its important for you to invest in right set of companies at right price with medium to long term perspective. If you think to invest in stocks for period of 6 months or 12 months, we suggest you to stay out of stock market because you are not investing, you are betting on volatility of stock market which could be risky.
Small Cap Index has not delivered negative returns for 2 consecutive years in past 16 years
Whenever, Small Cap Index delivered significantly high negative returns in a particular year during last 16 years, it has delivered double digit positive returns the very next year. While Nifty and Sensex which are hovering near their life time high, Small & Mid Cap Index have underperformed by wide margin. The divergence between Sensex / Nifty and Small & Mid Cap Index will not last for long going forward considering valuations gap emerging between large caps in comparison to mid & small cap stocks.
Its important to understand that long term gains come in equities with such short term pain. We have seen such a severe correction in small and mid cap stocks after 2011. With continuous fall in stock prices during this year, valuations of many small and mid caps become attractive to reasonable. In fact, many good companies are available at valuations which look very attractive considering the earning growth these companies are expected to deliver over next 2 years. This is not the time to sell in panic, but to accumulate good companies available at discounted valuations. Moreover, we believe broader market has already bottomed out in Feb 2019 post Pulwama attack and is now forming a base, hence we can see renewed buying interest in small & mid caps once sentiments improves. Bad sentiments will not last for ever, its time for long term investors (2-5 years) to start accumulating good quality stocks which after a long time are becoming available at attractive valuations.
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