Next year turnover of the company will be in the range of 2000 crores. Great buy at present price.

instead of looking at turnover it is best to look at the profit estimates....

How u know that increased turnover will reduce profit?

Marginal revenue is equal to marginal cost for optimum profit.

Cheers Venkatagopal

It is a very big theory in Micro economics-

Once your optimum level of production is reached- you have to increase the fixed assets and capital for further increase in the production. take the cost of money and other over heads that will increase along with expansion. So it goes.
If you take our own life style:
You have two kids- if you get the third kid- you must change the house- every one cannot find place. So your over heads go up because of the third. Got it

YOU HAVE ANY THING INTERESTING IN ACCEL - I FIND THAT YOU HAVE SOME THING BUT NOT GETTING IT OUT

buy super tannery ltd at price of rs 7 which is available cum bonus already approved in agm held on 30.9.2009 record date of bonus shares may be announced any time
state bank of india indias largest banker have sanctioned secured loan of rs 75 crores to super tannery whereas total market cap of super tannery shares as on date is just 25 crores only which clearly indicate super tannery is very much undervalued stock
i am shareholder of both man industries and super tannery ltd since last two years
but heavily looser in man industries but quiet comfortable in investment of super tannery shares
i have again to write that it was totally wrong decesion of promotors of man industries to allot themselves 25 lacs prefferential warrant /shares at just price of rs 35 per share when book value of man industries is above rs 70 per share
i am holding 3000 shares of man industries as per my view promotors of man industries would have further increased their stake in their company either through issue of right share at face value of rs 5 per share or would have gone for free bonus shares to their shareholders from the reserves of the company
i have gone through the latest annual report of man industries the project of USA has already been scrapped for which they raise money through FCCB amounting rs 203 crores during last financial year as on 31.3.2008 the above bonds may be redeemed at any time on or after 22nd may 2010 the initial conversion price of above bond was earlier fixed at price of rs 143.50 per share later on it was refixed at price of rs 115 per share on 3rd may 2008 which has now been further reset at price of rs 109 on 3rd may 2009

since the current price is just quoting at rs 52 per share what new price will be reset by management further the yearly low prices of man industries is just rs 20 per share

so what will happen to company when they have to return rs 203 crores to FCCB holders including interest in future

so all above factors should be taken care of by investors /shareholders of man industries

if any one give comments in respect to above points shall be highly appriciated

karan patni