Mcnally Bharat....my old call....Expect order book of Rs 5000cr by April

Friends,
People following me since mmb should be knowing that I use to recomend Mcnally Bharat since those days when it was in 50's and even after the meltdown in 2008, I have recomended here many times and that too again around the same price.I just wrote recently that Mcnally Bharat is making new highs......
The CM just gave an interview that Mcnally Bharat is expecting an order book position of 5000 cr by Apr, means in next few months......That is HUGE.....I don't think so , that I have to write what needs to be done in this counter.....There are not many co at this valuation who have such a huge order book ....This again says that sometimes my calls are ahead of 1-2 yrs.The news come afterwards but I can foresee it very clearly......that is why some stocks do not run immidiately but once they start the upward journey there is no looking back....


Expect order book of Rs 5000cr by April: McNally Bharat
Published on Thu, Dec 31, 2009 at 15:21 Updated at Thu, Dec 31, 2009 at 21:28 Source : CNBC-TV18

Leading engineering company McNally Bharat Engineering is going to raise Rs 44 crore via a rights issue in ratio of 1:10 at Rs 140.

Commenting on the same, the company’s Chairman Deepak Khaitan says that the rights issue will help correct its debt-equity structure. He expects an order book of Rs 5,000 crore by April and believes that the acquisition synergies will flow in FY10 and FY11.

“The company’s machinery business margins currently stand at 20% and the engineering-procurement-construction (EPC) business is targetting margins of 10%,” Khaitan says.

Part of Williamson Magor Group, McNally Bharat Engineering has projects in coal washing, port cranes, civic and industrial water supply. It recently demerged its projects and products business.

McNally is going to bring resource consolidation, synergy by way of restructuring. The company has regrouped project business into four strategic units. Its strategic units are material handling and non-ferrous metals, steel, mines and port solutions and power and infrastructure.