Target : Rs 45.2
CM Price: Rs 41.90
Value play…
Heidelberg Cement, formerly known as Mysore Cement, is a mid-sized cement player with an installed capacity of 3 million tonnes (MT). The company’s plants are located in UP, MP, Maharashtra and Karnataka. Out of the total installed capacity, 50% is in the central region, where prices were up 15% YoY in October 2009. The company has a healthy balance sheet and cash per share of Rs 14 (one-third of CMP).
CMP Rs 220.50
Target Price Rs 310.00
Company Snapshot
Seamec Limited was incorporated on Dec 29th, 1986, with the name of Peerless Leasing Pvt. Ltd. In the year 1999, Coflexip Stena Offshore Mauritius Ltd. acquired its 58.24% of shares. In the year 2001 Technip Group of France acquired Coflexip Group. Hence SEAMEC ltd. became a subsidiary of Technip group. The Company’s principal activity is to provide support services including marine, construction and diving services to offshore oilfields in India and abroad. SEAMEC specializes in vessel management, marine management, Dive support, fire fighting, subsea construction, ROV support, pipe laying, rescue operations, logistics, mooring & demooring, carnage. SEAMEC operates multi purpose support vessels (MSV) for diving and provides underwater/subsea engineering and construction, maintenance, inspection of underwater structures, rescue operations and fire fighting and other support services for offshore oil/gas installations located in India or abroad.