NOIDA TOLL BRIDGE has huge land bank to the tune of 200acres in Delhi and 30 acres in Noida.Value may unlock once the company gets a development rights from government.Land bank is valued at 1500crores which is impressive angainst the backdrop of 1433crore worth of market-cap.It has repaid its heavy loans and traffic too has risen impressively on DND flyover in last year.Traffic is expected to double in next 1.5 years.Trafffic is likely to surge in FY’09 with opening of Mayur Vihar Link road.Its sales numbers have risen impressively from 22.34cr to 31.56 crore in six months ended September 2007.PAT for the same period has quadrupled from 3.81cr. to 14.74cr.So for the year ending March 2008 PAT can be expected to stand at Rs30 crore level.The EPS works out to around 1.60 level.The company is promoted byIL&FS which provides it a strong backing.The counter can see 135-140 level by 2008 end itself. So traders with an year long perspective can expose their portfolio to the following scrip.
