I am re-posting this Value Pick here again which was also posted here last year since SORI is now available with phenomenal MoS ( Margin of Safety ).
Also I wanted to correct myself as I posted SORI as retail chain before but is actually a Facility Management company as per its Annual Reports but since their website is outdated & I was unable to find any more info other than their retail chains in Nagpur so I posted the same, again accept my sincere apologies for misplaced info.
Store One Retail India Limited primarily provides property and facility management, and equipment hiring services in India.
The company’s Facility Maintenance Services segment offers property and facility management services to buildings and properties, including maintenance and care, and common area development and landscaping, such as and security, pest control, waste disposal, recycling, etc. Its Equipment Hiring Services segment is involved in the rental of plant and machinery in the field of infrastructure development, such as Tower Cranes , boom placers, hoists, transit mixers, dumpers, excavators, etc.; and form-work for construction of building/structures.
The company which is a IndiaBulls Management also engages in provision of wholesale trading; Building Materials and services; and tour and travel services. The company was formerly known as Indiabulls Retail Services Limited and changed its name to Store One Retail India Limited in October 2009. The company was incorporated in 2005 and is based in Gurgaon, India.Store One Retail India Limited is a subsidiary of Indiabulls Wholesale Services Limited.
Store One India has lot of business to takeover before it pounces on actual work outside IndiaBulls Real Estate which gives surety of business as Real estate is at its worse but still it is increasing turnover & profits.
With Store One India's promoter itself converted debentures into shares in FY13-14 @ Rs 30, I can safely assume that they see it as floor price and with decent business prospects & stock price below promoters buying himself I see store One India as a Value Pick of India.
Value picks are stocks of companies that are believed to be undervalued at NSE or BSE. It is an outcome of huge sattebaaji directed by Stock brokers in that stock making Markets overreact to good and bad news, resulting in stock price movements that do not correspond with the company's long-term business or fundamentals.
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RoCE : Return on Capital Employed (Effective)
PAT(Avg.) : Net Profit after tax ( Average )
CMP : Current Market Price
MoS : Margin of Safety
Market Cap. : Market Capitalization (Total)