Pilani Investments And Industries Corporation LTD (“PIIC”)

Company overview:-



Pilani Investment and Industries Corporation limited is an investment company under Birla Group. The major amount of income is from dividend from the investments. The company is holding shares in various companies and has been associated as promoter of companies like Grasim, Hindalco, Century Textiles, Kesoram Industries, Aditya Birla Nuvo Ltd, Zuari Inds etc. The equity shares of PIIC are listed on The M P Stock Exchange and The Delhi Stock Exchange Association Ltd. Further, as per the Delhi Stock Exchange officials, the trading on the exchange would start in a month or so. Pilani has a small equity base of Rs. 7.91 crs and is a consistent profit making and dividend paying company.

Key investment highlights:

• Dividend income from long & current investments is consistent at Rs 46.44 crs. compared to income of Rs 46.37 cr a year ago
• Unquoted Investments also have a good intrinsic Value
• It is a closely held company having a very few shares available in the market
• 
  

  Despite the global meltdown in the capital markets all over the world , the company has registered an impressive growth and now the capital markets are also showing signs of revival, as a result the company’s growth is also going to increase
• 
  

  The intrinsic value is very attractive considering its quoted, unquoted investments (Indo Thai Synthetics, Indo-Phil Textiles, The Hindustan Times) and its real estate (Industry House, Birla Building)
• 
  

  The value of the quoted investments as on 18

  was

  valuations.th December, 2009Rs 3,578 crores, an increase of 81% over its year end
• The intrinsic value per share is Rs. 4,580 (approx).

investment :

capital: 7.91 cr
reserve : 1014 cr
market value at 7th feb = 2946 cr  (basic holding is of century textile currently trading at year low )

book value= 5017 rs 

the current price is 2200 rs target of around 5000 rs in a year.......

plz contact bunty shah