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Tuesday, December 29, 2015

Adinath Exim Resources : An undervalued investment company at CMP of Rs 12.60 Target price Rs 30




Adinath Exim Resource Company is an investment company who has major investments in equity and mutual funds. Adinath has equity capital of 4.1 crores invested in equity and mutual funds.
I have reviewed last year annual report based upon the report I came to know about some interesting facts about the current investment and there valuation as on 31-3-2015.
Adinath Exim Investment valuation as on 28-12-2015




QTY
Price
Value
A.C.C.Ltd
100
1350
135000
Adani Port & Special Economic Zone Ltd.
500
263
131500
Aptech Ltd
500
67
33500
Ashok Leyland Ltd
2000
89
178000
Asian Oilfield
2000
56
112000
Bhel
250
168
42000
Bsel Infra
1000
2.5
2500
Cadila Health
750
387
290250
Deep Industries Ltd
1228000
185
227180000
Dreging Corporation Ltd
600
383
229800
G IPCL
1000
80
80000
Global Offshore Services Ltd.
1500
339
508500
Godrej Industries
200
386
77200
Gujarat Alkalies
1000
174
174000
Himantsingka Seides
1000
216
216000
Hindustan Motors
1000
3
3000
I.D.F.C.
250
48
12000
ICICI Bank Ltd
250
262
65500
India Bulls Finance
1000
732
732000
India Bulls Securities
1000

0
Jagdia Copper Ltd
2000

0
Jayprakash Asso.
750
11
8250
Jindal Steel
600
91
54600
Kew Industries
12000
0
0
L & T
240
1290
309600
Mcleod Rusel
1000
169
169000
Navneet Publication (I) Ltd
25000
98
2450000
NTPC Ltd
3150
144
453600
Penland Ltd
2750
0
0
PNB Gilts
1100
27
29700
Power Grid Corp
8000
140
1120000
PTC India
1000
64
64000
Punj Lloyed
400
27
10800
Reliance Ind.Ltd
200
970
194000
Reliance Indu. Infra
200
507
101400
Saket Projects Ltd
2500
0
0
Simens Ltd
900
1193
1073700
Sona Koye Steel
1000
59
59000
State Bank Of India
1200
228
273600
State Trading Corporation
900
164
147600
Sunil Hightech Ltd
500
279
139500
Surana Corporation
2000
0
0
Suryachakra Ltd
1000
3
3000
Tata Steel Ltd
200
255
51000
Tata Tele Ttd
1000
8
8000
Vivimed Lab Ltd
4000
427
1708000
Zuari Industries Ltd
1000
158
158000
Zydus Wellness Ltd
133
872
115976



238905076
Mutual funds


37100000
Total value


276005076

If you look at the valuation of current holdings the total valuation of equity and mutual funds is approx. 28 crores which almost 7 times of equity of 4.1 crores.

At CMP of Rs 12.60 the stock is valued at almost 18% of actual valuation which is very very low.
The stock has lot of intrinsic value as one of the major holding is” Deep industries” which has gone multi-fold from Rs 15 to 185 in last 1 year. But valuation of Adinath has not changed may be it has not caught the eyes of analyst.

 Notable point: Rakesh Jhunjhunwala-the big bull already holds 2 % of Adinath Exim Resource in his portfolio.


The stock at CMP of Rs 12.60 is highly undervalued and I see 100-150% appreciation from current levels and look forward to target price of Rs 30.
Posted by at

30 comments:

  1. GopalDecember 29, 2015 at 4:46 PM

    Hi Sir, Thanks for the new pick and looks very undervalued.

    ReplyDelete
  2. narayananDecember 29, 2015 at 11:06 PM

    Sir its already locked up in circuit.
    Sir could you pls check alembic in pharma. Need your expert advice

    ReplyDelete
  3. rajeshwaghelaDecember 30, 2015 at 2:22 AM

    Sir how would XT group in bse effect this scrips performance can u pls tell us.

    ReplyDelete
    Replies
    1. Mukesh BhatiaDecember 30, 2015 at 4:07 AM

      Dear Rajesh,

      I invest on basis of valuation,whereas stock categories are decided by stock exchange watch dogs for the benefit of investors.

      Please take your own call before investing in any stock.

      Rgds

      Delete
  4. Mukesh BhatiaDecember 30, 2015 at 4:03 AM

    Dear Narayanan,
    I don't recommend invest and track Pharma sector.

    Rgds

    ReplyDelete
  5. narayananDecember 30, 2015 at 8:40 PM

    Thanks sir...today also UC...unable yo enter

    ReplyDelete
  6. narayananJanuary 1, 2016 at 4:58 AM

    Sir notice that majority stake is in deep industries..what could be possible reason for heavily investing in this stock

    ReplyDelete
  7. AnonymousJanuary 1, 2016 at 5:38 PM

    Hi, ur view on Surana Solar and Pressman Advertising?

    ReplyDelete
  8. Mukesh BhatiaJanuary 3, 2016 at 6:45 AM

    Dear Narayananji,

    Promoters of Deep industries and Adinath exim are same.

    ReplyDelete
  9. Mukesh BhatiaJanuary 3, 2016 at 6:52 AM

    Hi Vimal,
    Surana solar is in manufacturing of photovoltaic cells & solar power projects which is emerging business but there is big threat from cheap chinese imports if you are confident about the business you may continue investing technically stock has experienced deep cut and also on financials the performance was not great.I would recommend avoid at current juncture untill financials improves.

    ReplyDelete
  10. narayananJanuary 3, 2016 at 9:52 AM

    Thanks and appreciate the clarification sir

    ReplyDelete
  11. UnknownJanuary 3, 2016 at 4:58 PM

    Dear sir,

    what is your view on Fineotex Chemical (NSE:FCL)



    Thank You!

    ReplyDelete
  12. sudheer rajaJanuary 5, 2016 at 8:56 PM

    sir,
    it is one of the best blog i come across . thanks for your support to all investors. would you mind suggesting few stocks for this year 2016 which are really value buy at present and huge growth prospects. what is target for adinath exim in near term

    Thanks
    sudheer

    ReplyDelete
  13. GopalJanuary 5, 2016 at 9:58 PM

    Hi Sir, it is in continuous upper circuit and not able to buy.

    ReplyDelete
  14. AnonymousJanuary 6, 2016 at 5:51 AM

    Hi, ur view on DQ entertainment and Jamna Auto?

    ReplyDelete
    Replies
    1. Mukesh BhatiaJanuary 24, 2016 at 3:01 AM

      Hi Vimal DQ entertainment looks good at current levels you may invest in it

      Delete
    2. Mukesh BhatiaJanuary 24, 2016 at 3:06 AM

      H Vimal

      Jamna auto also looks good at current levels and one should hold it if already bought

      Delete
  15. sudheer rajaJanuary 7, 2016 at 3:46 AM

    sir
    please let us know the impact of Chinese crisis on Indian economy or markets. is it something really effect use. your valuable suggestion is very important for us

    sudheer

    ReplyDelete
  16. narayananJanuary 26, 2016 at 11:33 PM

    Sir any update on this....its down 3 rs frm my purchase price

    ReplyDelete
  17. Mukesh BhatiaJanuary 26, 2016 at 11:42 PM

    Dear Narayananji,
    Majority of small/ mid caps are off from the peaks strong fundamentals will always prevail in long run.It is difficult for me to give short term advice please hold for longer term.

    ReplyDelete
  18. UnknownJanuary 28, 2016 at 9:35 PM

    Its a chance for all who have missed at 12.60, add this share as deep industry is growing and performing good and adinath exim has invested in 12lacs share of deep industry

    ReplyDelete
  19. narayananFebruary 10, 2016 at 12:15 AM

    Sir any update on this pls

    ReplyDelete
  20. UnknownFebruary 18, 2016 at 10:17 PM

    It has come to 8.74 any change in views?

    ReplyDelete
  21. UnknownFebruary 18, 2016 at 10:21 PM

    Request you to provide downside of Adinath. It might help us to add more. thanks a lot.

    Neel

    ReplyDelete
  22. Mukesh BhatiaFebruary 22, 2016 at 3:00 AM

    stock has come down in recent down fall which i feel is of temporary nature.It is a holding company so One should start investing only when market technically starts moving up.It should follow Deep industries where in the biggest investments are done.

    ReplyDelete
  23. UnknownApril 29, 2016 at 2:07 AM

    Stock has done really well in the past month. Do you suggest we stick to the target of 30? Or partially book at a certain stage?

    ReplyDelete
  24. Mukesh BhatiaApril 29, 2016 at 3:55 AM

    Hi Neel,

    PLease take your call if you are sitting at 30-40% profit you may partially book profit.There is no harm in taking money home and pay short term capital gain tax

    ReplyDelete
  25. UnknownMay 1, 2016 at 9:06 AM

    Thanks a lot sir!

    ReplyDelete
  26. UnknownJuly 27, 2016 at 9:47 PM

    hi
    can i hold adinathexim for long term
    madhusudanrao

    ReplyDelete
  27. Mukesh BhatiaJuly 28, 2016 at 5:27 AM

    Yes Madhu

    You may hold it
    Regards

    ReplyDelete

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