PINC POWERPICKS - Myiris.com

Top-Shelf Selections
PINC POWERPICKS AUGUST 2011
RESEARCH
RESEARCH
Here’s the roster for the PINC PowerPicks:
Company Sector
CMP
(Rs)
PINC POWERPICKS is a list of our high-conviction stock ideas, a choice of stocks from across sectors in our coverage universe.
What moved in and what moved out:
Recom.
TP
(Rs)
Upside
(%)
Market Cap
(Rs bn)
P/E (x) EV/EBITDA (x) Earnings gr. (%) ROE (%) ROCE (%)
FY12E FY13E FY12E FY13E (FY11-13E) FY12E FY12E
Ashoka Buildcon Infrastructure 268 BUY 365 36 14 12.4 10.4 6.5 5.3 15.9 12.8 12.2
Bajaj Auto Auto 1,457 BUY 1,665 14 422 13.6 11.8 9.6 8.1 16.8 54.5 68.5
Godawari Power Metals 157 BUY 206 31 5 4.5 3.7 4.0 3.3 25.0 17.0 11.0
IRB Infrastructure Infrastructure 165 BUY 227 37 55 11.5 14.4 8.6 8.5 (8.2) 18.1 21.5
Jagran Prakashan Media 110 BUY 148 35 38 14.3 13.4 9.7 8.4 11.8 30.7 37.2
Jyothy Laboratories FMCG 200 BUY 246 23 16 29.0 13.7 19.7 12.1 28.3 11.4 9.7
Mahindra & Mahindra Auto 740 BUY 844 14 435 17.8 15.5 13.3 11.2 5.2 21.8 23.8
Nestle India FMCG 4,147 SELL 3,400 (18) 400 40.9 34.0 27.6 22.9 19.8 81.2 102.7
Phoenix Mills Real Estate 217 BUY 240 11 31 15.2 13.7 12.4 11.2 66.0 11.5 8.2
Power Grid Corp. Power Utilities 104 BUY 122 18 480 16.5 13.8 11.1 9.9 13.6 13.0 9.3
Sintex Industries Diversified 154 BUY 240 56 42 7.6 6.5 6.4 5.7 18.4 20.8 12.3
Tata Steel Metals 476 BUY 629 32 487 11.5 11.5 4.7 5.2 (13.8) 9.9 6.2
In our August issue of PINC Power Picks, we have introduced Power Grid Corporation of India Ltd.
We have excluded HCL Tech and NIIT Tech in the August series because we are reviewing our outlook for the IT sector and these stocks are part of the
review. These stocks may resume their position in PINC Power Picks on completion of our review.
16th August 2011
1 PINC Research reports are also available on Reuters, Thomson Publishers and Bloomberg PINV