Porinju Veliyath recommends six stocks as Budget 2018 picks

[Pee Vee]

Here are the top #BudgetPicks by ace investor Porinju Veliyath (@porinju). Keep an eye on these stocks & stay tuned to ET NOW to catch Porinju LIVE with his market analysis of the Big Budget at 10:00 am today!



Tata Power
Inox Leisure
HCL Info
Leel
ITC

Fy17 Leel made 936cr in package, Intersegment 411cr, Heat exchanger 604cr, 350cr overseas, so total of 2300c without adding consumer durable business they sold to Havells. Added 411 cr interseg to total, as they sold CD business, so 2300cr rev, 1600cr networth avialabl @ 1150cr

It's a big #ETNOWImpact! All the stocks which Porinju Veliyath (@porinju) talked about on our Budget Special show have fired up in trade today!



Porinju discloses his new multibagger idea in ET morning. HCL Info CMP 55, turnaround happening with promoters increasing stake. Personally Porinju increases his PMS stake in this company..

Top Picks Of Porinju Veliyath After Budget 2018

http://rakesh-jhunjhunwala.in/top-picks ... dget-2018/

[pruthvi_pani]

LEEL ELECTRICALS is a great value pick in my opinion. It has recently sold its consumer durable bussiness to Havells around 1550 Crores. Its book value is above 400 and cmp is 270. It's peers which are recently listed DIXON AND AMBER WHO ARE CONTRACT manufactures of white good consumer durable products are trading at very very high PE multiples (above 60 PE). flipkart has recently entered to sell the AC products manufactured by LEEL under the brand MARQ. LINK GIVEN BELOW.. ITS A GREAT BUY at cmp .The company is debt free and cash rich.

https://economictimes.indiatimes.com/in ... 459339.cms

[pruthvi_pani]

LEEL ELECTRIC FUNDAMENTLS:
Only value stock available in consumer durable AIR CONDITIONER MAKER.

AS ON 9-2-2018 LEEL ELECTRIC AS PER Q2 FY18 BALANCE SHEET
CMP 278.8
market cap 1124.6792 CRORES
share capital(in laks) 403.4
Debt-long 3.41
Debt-short 352.87
trade pay 73.15
other current 108.97
total liabilty 538.4
Non current inv 1
INVENTORY 604.35
TRADE RECIEVABLES 437.15
CURRENT ASSETS 315.04
CASH 291.57
LONG +short ADVANCES
total asset 1649.11
WORK IN PROGRESS
Fixed asset+OTHER FIN ASSETS 456.62
Total ( LIABILITY-ASSET) -1110.71
NETWORTH 1567.33
promotor SHP 56.22
no of share 40340000
sales 2343
sales to market cap 2.08326072
networth to marketcap 1.393579609
SHARE PRICE FAIR VALUE 388.529995
UPSIDE (%)-MINIMUM 39.35%

PLS CHECK THE FUNDAMENTALS YOURSELF, IT IS ONLY FOR DISCUSSION , NOT A BUY OR SELL CALL.

[Pee Vee]

LEEL ELECTRIC FUNDAMENTLS:
Only value stock available in consumer durable AIR CONDITIONER MAKER.

AS ON 9-2-2018 LEEL ELECTRIC AS PER Q2 FY18 BALANCE SHEET
CMP 278.8
market cap 1124.6792 CRORES
share capital(in laks) 403.4
Debt-long 3.41
Debt-short 352.87
trade pay 73.15
other current 108.97
total liabilty 538.4
Non current inv 1
INVENTORY 604.35
TRADE RECIEVABLES 437.15
CURRENT ASSETS 315.04
CASH 291.57
LONG +short ADVANCES
total asset 1649.11
WORK IN PROGRESS
Fixed asset+OTHER FIN ASSETS 456.62
Total ( LIABILITY-ASSET) -1110.71
NETWORTH 1567.33
promotor SHP 56.22
no of share 40340000
sales 2343
sales to market cap 2.08326072
networth to marketcap 1.393579609
SHARE PRICE FAIR VALUE 388.529995
UPSIDE (%)-MINIMUM 39.35%

PLS CHECK THE FUNDAMENTALS YOURSELF, IT IS ONLY FOR DISCUSSION , NOT A BUY OR SELL CALL.

Yes, LEEL Electricals does look promising. Porinju Veliyath recommended LEEL a few days ago.