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KALYANI STEELS LTD Market Price 256 MUNDHWA PUNE MAHARASHTRA 411036 Target 400 by zra16726

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									KALYANI STEELS LTD                                                            Market Price 256
MUNDHWA, PUNE
MAHARASHTRA-411036                                                            Target 400
www.kalyanisteels.com                                                         BSE code: 500235
27-May-2008                                                                   BSE Symbol: KALYANISTE

Market Cap.(BSE)                         1,587.55           Feb 07, 2008

P/E ***                                      12.90          May 26, 2008

52 Week High                                589.25          Jan 07, 2008

52 Week Low                                 200.15          Apr 01, 2008

Debt Equity                                    0.22         Apr 01, 2007

ROCE                                         29.52          Apr 01, 2007

RONW                                         22.88          Apr 01, 2007            LAST FIVE YEARS GRAPH
                               2008              2007             2006           2005       2004     2003
SALES    in Million            10751.54          11347.16         7835.84        9308.21    5381.87  3563.76
PROFIT in Million              886.18            861.63           1009.25        429.78     119.35   54.20
EPS                            20.29             19.89            24.00          10.23      2.82     1.78
DIVIDEND                       50 %              40 %             30 %           20 %       0        0
BOOK VALUE                     103.91 ++         103.91           78.82          58.26      54.58    87.01
CAPITAL in crore               43.69             43.69            43.69          42.09      42.09    42.09

 2008                           NET
 Projected       SALES          PROFIT           EPS              Kalyani Steel forges JV with Gerdau of Brazil
 Q1                 3030.1          232.26          5.32
 Q2               2,289.39          201.89          4.62          Pune-based Kalyani Steel (KSL), makers of carbon and alloy steel,
 Q3               2,732.79          206.58          4.73          has entered into a joint venture agreement with Gerdau SA of
 Q4               2699.16           245.45          5.62          Brazil. Both the companies will hold 45% each in the venture with
                 10751.44           886.18         20.29          the balance 10% being held by investors. The joint venture will
                                                                  hike the capacity of SJK Steel, which was acquired recently by
                                                                  Kalyani Steel, from the current 2,75,000 tonne to 1.6 million
Kalyani Steel to set up plant in West Bengal                      tonne in the next few years.
Kolkata, Feb 21 (IANS) Kalyani Steel Ltd, part of $2.1-billion
global auto-component solution major Kalyani Group whose
flagship company is Bharat Forge Ltd (BFL), Thursday inked a
memorandum of understanding (MoU) with West Bengal                SJK Steel is an integrated alloy steel maker based in Andhra
Industrial Development Corp (WBIDC) to set up a steel plant.      Pradesh, and the plant is spread over 900 acres. The plan is to start
The proposed plant will have a capacity to produce one million    production of value-added steel and supply to the automotive and
tonnes of speciality steel. It will also have a 500-MW captive    civil construction industries covering a broad range of special bar
power plant.” The deal has been finalised with the                quality (SBQ) and construction product’s. N Kalyani, chairman,
                                                                  Kalyani Steels, said: "We are very happy to be associated with the
Kalyani Steel, WBIDC and West Bengal                              Gerdau Group and partner them in their first steel venture. in
Mineral Development and Training Corp                             Asia".André Gerdau Johannpeter, CEO, Gerdau said: "Our
(WBMDTC) with an investment of Rs.65 billion,”                    partnership with the Kalyani Group is essential for the success of
Kalyani Steel Director Amit B. Kalyani told reporters here        our business because it brings new knowledge about the local
Thursday. He said the state government has already short-listed   market and culture.” The Gerdau Group is currently the 15th
two areas at Shalboni in West Midnapore district, near the        largest international steel producer with revenue of Brazilian$
proposed steel plant by Jindal Group, and at Burdwan district’s   27.5 billion and presence in 12 countries.
industrial township of Durgapur.
                                                                                      Mkt Cap.
Year       High(Rs.)   Low(Rs.)    Close(Rs.)    P/E High    P/E Low    P/E Close
                                                                                     (Rs. In Cr.)
Apr 2008      318.00      200.15        282.75       16.40       9.35       13.78        1,234.20

Mar 2008      344.00      221.00        222.90       18.60      10.68       10.86          972.96

Feb 2008      393.95      310.00        338.50       20.80      14.75       16.50        1,477.55

Jan 2008      589.25      240.10        367.30       29.92       8.94       17.90        1,603.26

Share Prices of 2007
Dec 2007      547.00      432.00        487.30      29.06       20.87        23.75       2,127.06

Nov 2007      484.75      415.00        434.25      25.06       19.34        21.16       1,895.50

Oct 2007      499.90      379.00        447.35      25.52       17.08        21.80       1,952.68

Sep 2007      438.50      350.05        429.60      21.88       16.90        20.94       1,875.20

Aug 2007      404.00      337.00        361.90      21.50       16.28        17.64       1,579.69

Jul 2007      431.70      386.35        405.75      21.91       17.59        19.78       1,771.10

Jun 2007      439.00      385.00        402.55      22.00       18.66        19.62       1,757.13

May 2007      445.00      346.55        424.20      22.32       16.43        20.67       1,851.63

Apr 2007      377.00      325.00        343.00      18.96       15.73        16.72       1,497.20

Mar 2007      376.00      299.00        351.50      18.91       12.63        17.13       1,534.30

Feb 2007      470.00      350.00        360.75      28.40       20.09        21.34       1,574.67

Jan 2007      480.50      422.10        437.30      29.81       24.75        25.87       1,908.81

Share Prices of 2006
Dec 2006      480.00      359.00        438.40      29.04       16.87        25.94       1,913.62

Nov 2006      509.00      365.20        463.80      31.10       18.63        27.44       2,024.49

Oct 2006      393.00      277.50        371.05      22.84       15.69        21.15       1,560.27

Sep 2006      296.85      252.00        293.05      17.14       14.19        16.70       1,232.28

Aug 2006      309.90      215.00        260.45      18.44       11.92        14.84       1,095.19

Jul 2006      280.90      192.00        223.15      17.87       10.48        12.72         938.35

Jun 2006      374.90      195.80        269.95      24.04       11.09        15.39       1,135.14

May 2006      560.00      304.10        358.60      34.35       16.29        20.44       1,507.91

Apr 2006      503.40      288.50        480.10      30.16       15.79        27.36       2,018.82

Mar 2006      294.00      255.50        282.30      17.14       14.45        16.09       1,187.07

Feb 2006      288.00      263.10        276.00      29.90       25.17        27.70       1,160.58

Jan 2006      315.00      267.00        284.55      34.52       26.58        28.56       1,196.53
LAST THREE YEAR GRAPH




 LAST ONE YEAR GRAPH




LAST SIX MONTHS GRAPH
Steel: Why steel is a hot commodity in India
 MUMBAI: India's steel industry is surging ahead, entering into global deals and taking the country's
  economy to new heights. The Indian government plans to invest over US$ 350 billion in steel industries
  related to infrastructure and construction.

  The Indian government estimates that steel production would grow at a CAGR of 16 per cent to touch
  124.06 MT by 2011-12. India's steel production capacity is estimated to be 200 MT by 2020.

  Following are some of the major steel sector plans currently in underway in India and abroad:
 Arcelor Mittal, the world's largest steelmaker, plans to set up two Greenfield steel projects in India each
  with a capacity of 12 million ton per annum (MTPA).
 Acerinox SA, the world's 2nd biggest stainless steelmaker, is joining hands with Japan's Nisshin Steel to
  build a steel plant in India.
 Tata Steel has acquired the Anglo-Dutch steelmaker Corus to become the world's 5th largest steelmaker,
  adding 19 MT of steel-making capacity. Tata Steel, the world's fifth largest steel maker, plans to double its
  capacity by 2015, by adding another 35 MT capacity.
 Steel Authority of India Ltd (SAIL) will invest US$ 5.006 billion in West Bengal. This is almost two-fifths
  of the US$ 13.27 billion spread planned by SAIL. India's largest steel manufacturer SAIL is planning to
  increase its annual production of 12 MTPA to 24.98 MTPA by 2011-12.
 Sinosteel Corp, China's 2nd biggest iron ore trader, plans to invest US$ 4 billion to build a 5 MT
  greenfield steel plant
 Kalyani Steels will set up an integrated steel and power project in West Bengal, at a cost of US$ 1.63
  billion. US$ 365.7 million investment coming in steel is coming up in Karnataka.
 Mesco Steel plans to invest around US$ 2.8 billion in two steel plants – a brownfield expansion and the
  other a greenfield project – in Orissa
 Vedanta Resources plans to enter the Indian steel sector with a 5 MT plant at an investment of about
  US$ 6.02 billion in Orissa.
 Essar Global has acquired Canada's Algoma Steel for US$ 1.63 billion and US-based Minnesota Steel.
 Naveen Jindal-promoted Jindal Steel & Power Ltd (JSPL) has bagged the US$ 2.1 billion contract for
  developing one of the world's largest iron ore deposits, El Mutun. The project includes a 2 MT steel plant
  in Bolivia.
 JSW Steel has acquired Jindal United Steel Corporation, Saw Pipes USA and Jindal Enterprises LLC at
  Baytown, Texas, for US$ 940 million.
 India's Steel Strips Wheels Ltd. has received an order from French car maker Renault SA worth US$
  27.56 million to supply around 1 million steel wheel rims for over 5 years.




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 be reliable, investors are advised to satisfy themselves before making any investments. Technicals would work only if the past continues
 in the future and is based on the Daily Moving Averages. We follow a BUY Side strategy only and hence the clients can use short
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