Alphageo

This company is one of the largest onshore integrated seismic service provider in the private sector. It is a market leader in seismic survey. The stock price yesterday breached the 5% upper circuit and this was on the back of its very good numbers for Q4FY14. It posted net sales at Rs.29 crore, which is almost 3 times more sequentially and a huge surge from Rs.22 lakh in Q4FY13. Driven by this big jump in top line, the company ended the quarter with a net profit at Rs.11 crore, up from Rs.2 crore in Q3 and turned around from a loss of Rs.3 crore in previous Q4. The company had an operating cost of Rs.19 crore of which Rs.15 crore is spent on survey and survey related expenses.

It ended the fiscal FY14 with a 4 times rise in consolidated net sales at Rs.94 crore and compared to a net loss of Rs.11 crore in FY13, it turned around with a net profit at Rs.26 crore. The company’s equity capital is small at Rs.5.38 crore and reserves stand at Rs.63 crore. EPS for the year stood at Rs.49 and this discounts the current price by less than 5 times. Rakesh Jhunjhunwala has sold off its stake – at end of FY13 he held 97,790 shares or 1.82% stake, which came down marginally to 97,537 shares or 1.81% and he seems to have sold off his stake in Q3FY14.