Tag: equity
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Power Grid FPO – Nov 2010
While all analysts and reporters are talking endlessly about Power Grid FPO in the shadow of the Coal India IPO, see link, http://economictimes.indiatimes.com/quickiearticleshow/6893599.cms I wonder if anyone has given thought to the risks around this offer : · High Debt – at around 37k crores (March 2010), debt is high. The D/E ratio is 2.18.…
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Coal India IPO note – published on Sat, Oct 23, 2010
I am positive on CIL as a company, and the IPO, for the following reason · Indian industry needs Coal, and CIL has 80% of market share, with all production being lapped up by consumers · India will stay energy deficit for a while to come. · Our energy consumption is still tilted towards coal…
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