Stock watch as on May 20, 2008

SMIL reported a 120% growth in its turnover and 207% increase in PAT. It benefited from increasing realisations of iron ore and manganese ore. The company's reserves of these ores are estimated at Rs 35,000 crore with an annual iron ore mining throughput of only about 2 million tonnes.

Core business: The company is engaged in the manufacture of manganese ore, ferro silicon, ferro manganese, pig iron and silica manganese

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Navin Fluorine is the largest integrated fluorochemical company in India and among the top five in the world. The results of 2007-8 appear disappointing at first, but the growing interest in the firm is due to carbon credits through commission of its CDM plant. 1.2 million CERs were generated in 2007-8.

Core business: Manufacturer of bulk fluoride, specialty organo fluorine and refrigerant gases used in pharma, crop sciences, automobiles and others

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The company supplies to the automobile and the white goods sector and is in technical collaboration with Tokai, Japan, for auto products. All its plants are TS 16949, ISO 14001 and OHSAS 18001-certified with a Crisil rating of SME 1. It came out with an IPO in January 2008 to finance an expansion and modernisation programme by October 2008.

Core business: Production of automobile sealing systems and exterior products;makes PVC-based customised profiles for white goods industries

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The firm reported a strong performance for 2007-8. Its turnover strengthened 34.7%, EBITDA 30.86% and PAT 27.45%, despite stiff cost increases in aluminium and copper. Its customer portfolio has nearly all OEMs: Blue Star, Voltas, LG, Samsung, etc. It has a strong presence in Australia, Asia and Africa.

Core business: India's largest manufacturer of evaporator and condenser (E&C) coils for AC and refrigeration system

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