Commercial Engineers & Body Builders Co Ltd IPO Message Board (Page 15)

FIRST LOOK AT CEBBCO:-

BUSINESS :-

produceS vehicle and locomotive bodies for diverse applications for road and railways transportation.one of the leading designers and manufacturers in India of vehicle bodies for the commercial vehicles with an extensive portfolio of product offerings. also conduct
refurbishment of railway wagons as well as manufacturing of components for railway wagons, coaches and locomotives.

FINANCIALS:

fy'10 sales = 196.81 crores , pat = 19.2, crores, eps = 3.5, asking pe @ 127 is 36 times fy'10 eps, nw = 223 crores, bv = 40 ( based on post ipo scenerio & 2010 financilas)

in fy'10 out of total sales, rs 121 crores came from vechiele body building and 50 crores from raiways.


CONCLUSION:-

ITS A DIRECT AUTO PLAY..........
CAN BE CATAGARISED AS AUTO ANCILIARY CO, BUT THE CO DONT THINK SO....
ASKING OF 35 TIMES IS WAY WAY HIGHER.......
CO SAYS NO LISTED PEER.......

IF POSSIBLE AVOID...... OR WAIT FOR FURTHER DEVLOPMENT.I WILL AVOID IT FOR SURE.

ORDER BOOK:-

As of July 15, 2010, Order Book in the commercial vehicles division was Rs. 5,255.39 million and in the railways division was Rs. 981.55 million. total stands at 623 crores, which is more than 3 times fy '10 sales.

NOW LISTING DISCUSSIONS START-

ALLOTMENT EXPECTED IN TECHPRO IN ONE LAC APPLCN IS 30 SHARES, CURRENT GMP IS 55, SO TOTAL GAIN WILL BE RS.1650.

ALLOTMENT EXPECTED IN ASHOKA IN ONE LAC APPLCN IS 85 SHARES, CURRENT GMP IS 25, SO TOTAL GAIN WILL BE RS.2125.

NOTE : ABOVE GMP IS TAKEN FROM SMRTINVSMT. LISTING PREMIUM MAY CHANGE SUBSTANTIALLY.