Re: CIND.N0000 (Central Industries PLC)

[yellow knifeTop contributor]

Central Finance company owns 44% of the company. Thus like other Sons CIND has to pay for its mother company. Its always worthy to hold Sons or Daughter companies than Mother companies for the purpose of dividends.

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[yellow knifeTop contributor]

There are some key points to be quoted from Annual Report of CIND

1. Sri Lanka was enjoying double digit growth rate in construction sector in past several years but not in 2015 where the sector contracted by 0.9%.

2. National Water Supply and Drainage Board which was the single largest buyer of company has reduced capital expenditure by 23%.

3. Commercial banks lending to the private sector increased by 25% and lower inflation and lower interest rate promoted that. It improved Small and Medium size construction projects and CIND could capture that advertising driven market with proper strategic image building.

4. After long delays , large sums due from the National Water Supply and Drainage Board for suppliers made  during the previous year were received  during 2015/16. However a sum equivalent to 0.5% of the value from payments made to the suppliers with held.

5. Price of PVC resins which is the primary raw material of PVC pipes remained low and the company made use of the storage facility at Elhena , Yakkala to store up raw materials .

[RanaTop contributor]

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[The AlchemistTop contributor]

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This is for 6 months ending 30th sep 2016.

[Future123Active Member]

Another undervalued share trading at 46/=. Should trade above 70/= minimum.

[Senarath67]

CIND is on a superb uptrend. Appreciate the efforts of all contributors who had seen the potential of this share long time a go.

[කිත්සිරි ද සිල්වාTop contributor]

Central Industries

CIND.N0000

Share Price 7 Day 1 Year 120.25 15.9% 122.1% Investor sentiment improved over the past week After last week's 16% share price gain to LK₨120, the stock trades at a trailing P/E ratio of 5.6x. ·   Average trailing P/E is 6x in the Building industry in Sri Lanka. ·   Total returns to shareholders of 458% over the past three years.

[කිත්සිරි ද සිල්වාTop contributor]

Central Industries

CIND.N0000

Share Price 7 Day 1 Year 145 22.9% 136.3% Investor sentiment improved over the past week After last week's 23% share price gain to LK₨145, the stock trades at a trailing P/E ratio of 6.8x. The average trailing P/E is 7x in the Building industry in Sri Lanka. Total returns to shareholders of 526% over the past three years.

[කිත්සිරි ද සිල්වාTop contributor]

Central Industries CIND.N0000

Share Price 7 Day 1 Year 171.25 27.6% 140.7% Second-quarter 2022 earnings release: EPS LK₨8.89 (vs LK₨5.84 in 2Q 2021) The company reported a solid second-quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2022 results: ·   Revenue: LK₨1.83b (up 57% from 2Q 2021). ·   Net income: LK₨193.8m (up 52% from 2Q 2021). ·   Profit margin: 11% (in line with 2Q 2021). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has increased by 87% per year, which means it is tracking significantly ahead of earnings growth.

[කිත්සිරි ද සිල්වාTop contributor]

Central Industries
CIND.N0000
Share Price 7 Day 1 Year  
245.75 15.9% 93.8%  

 
Investor sentiment improved over the past week

After last week's 16% share price gain to LK₨246, the stock trades at a trailing P/E ratio of 10.1x.

Average trailing P/E is 9x in the Building industry in Sri Lanka.

Total returns to shareholders of 991% over the past three years.
See Company Valuation

[කිත්සිරි ද සිල්වාTop contributor]

Central Industries
CIND.N0000
Share Price 7 Day 1 Year  
226.25 3.1%          85.7%  

 
Third-quarter 2022 earnings: Revenues and EPS in line with analyst expectations
Third-quarter 2022 results:

EPS: LK₨11.49 (up from LK₨5.55 in 3Q 2021).

Revenue: LK₨1.86b (up 77% from 3Q 2021).

Net income: LK₨250.4m (up 107% from 3Q 2021).

Profit margin: 14% (up from 12% in 3Q 2021). 

The increase in margin was driven by higher revenue.

Revenue was in line with analyst estimates.

Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has increased by 108% per year, which means it is tracking significantly ahead of earnings growth.

[කිත්සිරි ද සිල්වාTop contributor]

Central Industries
CIND.N0000

Share Price 7 Day 1 Year  
168.5       -22.4% 51.9%  

 
Investor sentiment deteriorated over the past week

After last week's 22% share price decline to LK₨169, the stock trades at a trailing P/E ratio of 5.5x.

The average trailing P/E is 6x in the Building industry in Sri Lanka.

Total returns to shareholders of 654% over the past three years.

[කිත්සිරි ද සිල්වාTop contributor]

Central Industries
CIND.N0000

Share Price 7 Day 1 Year  
99.60         -20.3% 2.5%  
 
Investor sentiment deteriorated over the past week.

After last week's 20% share price decline to LK₨99.60, the stock trades at a trailing P/E ratio of 3.3x.

The average trailing P/E is 5x in the Building industry in Sri Lanka.

Total returns to shareholders of 329% over the past three years.

[කිත්සිරි ද සිල්වාTop contributor]

Central Industries
CIND.N0000

Share Price 7 Day 1 Year  
55.50        -21.1% -49.8% 
 
Investor sentiment deteriorated over the past week
After last week's 21% share price decline to LK₨55.50, the stock trades at a trailing P/E ratio of 2.4x.
The average trailing P/E is 3x in the Building industry in Sri Lanka.
Total returns to shareholders of 136% over the past three years.
See Company Valuation