NOIDA TOLL BRIDGE COMPANY LTD
March 25th, 2006 by AnalystINDUSTRY : CONSTRUCTION & CONTRACTING
The company is operating DND Flyway in Delhi and the company has a lot of real estate and its market value is much higher than the book value appearing in the balance sheet. The company is operating profitably but the financial charges on its secured loans eats up all the profits and turns it to a loss making company. As per the balance sheet of the company it has secured loans of Rs. 368 crores and the book value of fixed assets (net of depreciation) is Rs. 369 crores. Turnover of the company last year was Rs. 30 crores and it had profits of Rs. 21 crores before deducting financial charges to the tune of Rs. 37 crores resulting in net loss of Rs. 17 crores.
The stock can be picked up at below Rs. 40 levels.
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