Lancor Holdings Ltd
(BSE Code: 509048)
Incorporated in 1985, Chennai-based Lancor Holdings Ltd (LHL), together with its subsidiaries, is engaged in real estate development and allied activities. It constructs and sells residential properties. It also constructs and leases commercial properties. It provides facility management, office support, building and landscape maintenance services as well as security services. In addition, it is involved in real estate brokerage activities. With an equity capital of Rs.8.1 crore and reserves of Rs.121.28 core, its consolidated share book value works out to Rs.31.
During Q2FY17, LHL posted sales of Rs.24.28 crore with 168% higher PAT of Rs.7.22 crore fetching an EPS of Rs.1.78. During H1FY17, its net profit zoomed 232% to Rs.18.41 crore from Rs.5.55 crore in H1FY16 on sales of Rs.35.31 crore fetching an EPS of Rs.4.55. One must note
that its H1FY17 profit of Rs.18.41 crore is almost double of its FY16 profit of Rs.10.98 crore.
The Company paid a 50% dividend on its Rs.2 paid-up equity share. At the CMP, this translates into a dividend yield of nearly 4%, which is quite attractive. The stock’s all-time high is Rs.77. Currently, it trades at a forward P/E of just 4.8x and looks quite attractive for investment at this level.
Investors can buy this stock, it is a potential Multibagger.
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