ABOUT THE COMPANY
Mundra Port and Special Economic Zone Limited (MPSEZ), India’s largest private port and special economic zone, was incorporated as Gujarat Adani Port Limited (GAPL) in 1998 to develop a private port at Mundra, on the west coast of India. The company commenced commercial operations in October 2001. Mundra Special Economic Zone Limited (MSEZ) was incorporated in November 2003, to set up an SEZ at Mundra. MSEZ was merged with GAPL in April 2006. The company was renamed as Mundra Port and Special Economic Zone Limited, to reflect the nature of business.
ABOUT THE FINANCIAL RESULTS
The company has posted results for the 9m FY11 , Where the net sales has been recorded of Rs.1280 crore with net profit of Rs.651 crore though we have noticed in FY10 – Rs.1392 crore and Rs.701 crore respectively.Its topline at the end of FY11 would be around 1900 crore and bottomline at around Rs.920 crore. Exports showing a surge of 50% on a YoY in Feb 2011 is seen. In FY11 Cargo volume at over 50 million tonnes the port grew by a compounded annual rate of 34% in the past five years.The company expects to tackle 80 million metric tones and 100 million metric tonnes of cargo in FY 2012 & FY 2013 respectively.
MY VIEW ON STOCK
The company has been in my preferred stock list and I still wish to continue. The company has logical work field and its working is improving as the days pass on and a strong & stable growth could be expected in coming times. I would personally recommend to be with the stock for medium to long term period.
