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Mumbai: Last week on Sunday, the second, June edition of Gujarat News from here said that “Despite the exit polls predicting a clear majority for the NDA, the market will still have an eye on the actual result.” Stay away from the F&O casino. 4. The market of speculation is likely to remain hot before Monday, June 3, like the budget, there may be an attempt by speculators to make a big upset during the election results. They are adopting various tactics to make small people gamble and create tension in the game by making various predictions on social media. We should not fall into the trap of these gambler mentality people and stay away from trading on the election results or possible volatility on the day of the budget. We will have many investment opportunities. Stay away from the casino, stay away from special futures and options (F&O) call-put gambling, and adopt a strategy of investing in companies with good fundamentals at attractive valuations after the market turmoil calms down after the June 4 results. With the positive aspects of the election results and monsoon, the market can recover from the shocks and once again move on the path of growth and there is a possibility of a stable government being formed at the center with the BJP as the largest party with a majority. After the NDA turmoil, the market can witness a historic rise.
According to this, last week the market witnessed a period of fluctuations and at the end of the week, after Prime Minister Narendra Modi and BJP claimed to form a hat-trick NDA government, the market witnessed a historic boom. Now with the formation and swearing-in of the new government on Sunday, this record boom is likely to continue next week as well and there will be a new beginning of strong development in the country. Along with this, the factor of onset of monsoon will also give momentum to the market. Therefore, in the absence of any unexpected factor next week, the Sensex may close at the support level of 75922 above 77444, and the Nifty spot may close at 23777 with the support of 22922 at 23555.
Arjun's View: Alphageo (India) Ltd.
BSE (526397), NSE (AlphaGeo) listed, pay-up Rs 10, completely debt-free, 46.09% held by promoters AlphaGeo India Limited is owned by Ala family of Hyderabad, incorporated in the year 1987 for exploration of hydrocarbons and minerals Seismic data acquisition, processing and interpretation, Providing seismic survey services to the oil exploration and production sector It is an Indian geophysical company that offers a wide range of services covering geophysical seismic data acquisition, processing and interpretation.
Services offered by the company include (1) Design and pre-planning of 2D and 3D surveys (2) Acquisition of seismic data in 2D and 3D (3) Seismic data processing and reprocessing/special processing (4) Seismic data interpretation (5) Generation, development and ranking of prospects (6) Reservoir data acquisition and analysis (7) Topographic survey acquisition and processing with GPS and RTK including third party quality checks.
Major Clients: The major clients of the company are Eastec Resources Asia, Petronas Carigali, BPRL, GAIL, ONGC, Oil India, Hardy Exploration & Production, Gujarat State Petroleum Corporation, Hindustan Oil Exploration Company, Essar Oil, etc.
International Subsidiaries: The Company's subsidiaries include Alfazeo International Limited and Alfazeo DMCC, based in Dubai and engaged in seismic survey activities.
Projects commissioned in the year 2023-24: (1) Projects for ONGC, Jorhat include Long Offset Regional Seismic Data Acquisition for Tripura Area (320 lakh km) and Cachar Area (282 lakh km). (2) Project Gravity for Geological Survey of India, Nagpur, involves gravity and magnetic survey along with DGPS measurements in Central India and Rajasthan (13,481.26 sq km). (3) Project for Geological Survey of India. It includes gravity and magnetic survey in South India, Hyderabad along with elevation measurement by DGPS in Tamil Nadu (18,796 sq km).
Order Book: (1) Dated July 15, 2023, the company has received an order from ONGC-Dehradun for an estimated contract of Rs 39.33 crore for acquisition of seismic data for 303 SCM 3D seismic data OALP Block GVONHP 2021/2 Sector Two in Uttar Pradesh along the Gangetic coast and in Bihar. (2) On April 2, 2024, the company received an order of Rs 46 crore from Oil India Limited, Odisha.
Subsidiary Disposal: In the year 2023-24, the Company has approved the liquidation of its stepdown subsidiary Alphageo, DMCC on October 17, 2023. Disposal of Subsidiary: In February 2023, the Company applied for disposal of its subsidiary i.e. Alphageo Marine Services Private Limited. The pledged position of the promoters remained at 9.56 per cent stake in the quarter ended March 2024.
Book Value: Rs 368 in March 2021, Rs 381 in March 2022, Rs 398 in March 2023, Rs 402 in March 2024, Rs 430 estimated in March 2025
Dividend: 80 percent for March 2021, 80 percent for March 2022, 80 percent for March 2023, 80 percent for March 2024
Shareholding pattern: Hyderabad-based Ala family holds 46.09 per cent promoter holding, mutual funds, FIIs, HNIs and financial institutions hold 17.98 per cent and individual shareholders up to Rs 2 lakh hold 35.93 per cent.
financial result:
(1) Full Year April 2021 to March 2022: Revenue of ₹ 160 crore with Net Profit Margin-NPM of 7.62%, Net Profit of ₹ 12.19 crore and Earnings per Share- ₹ 19.16.
(2) Full year April 2022 to March 2023: Earning a net income of Rs 90 crore, NPM has recorded a net profit up 14.44% to Rs 13 crore and achieved EPS of Rs 20.43 per share.
(3) Fourth Quarter January 2024 to March 2024: Earnings per share Rs 16.34, Net Income Rs 54.96 crore, NPM 18.94 per cent, Net Profit Rs 10.41 crore, Exceptional items Rs 7.20 crore After taking into account impairment on property plant and equipment of subsidiary Alfazio International, net profit was Rs 4.6 crore resulting in EPS of Rs 6.24.
(4) Full year April 2023 to March 2024: Revenue of ₹ 113 crore with NPM of 7.58%, Net Profit of ₹ 8.58 crore, Earnings per share (EPS) of ₹ 13.47, Exceptional items of ₹ 7.20 crore after taking into account impairment on property plant and equipment of subsidiary Alphageo International, resulting in a net profit of ₹ 1.05 crore and Earnings per share (EPS) of ₹ 0.60.
(5) Expected Full Year April 2024 to March 2025: Expected Net Income Rs.165 crore, Expected NPM 10.95%, Net Profit Rs.18.7 crore, EPS expected Rs.28.35.
Thus (1) The author has no investment in the shares of the above company. The authors may have direct or indirect personal vested interests in the research sources. Consult a qualified investment financial advisor before making any investment decision. The author, Gujarat Samachar or any other individual shall not be responsible for any potential loss on investment. (2) Completely debt free, 46.09 per cent promoter stake of Ala family of Hyderabad (3) Survey for Oil Exploration Industry (4) Expected Full Year 2024-25 Expected Earnings per Share – EPS Rs 28.35 and Expected Book Rs. 430 against price per 10 paid-up shares Rs 8 cum dividend per share available on 7 June 2024 at Rs 355.80 on BSE (Rs 358.95 on NSE), P/E of only 12.66
