ORIENT REFRACTORIES FV-Re 1 PE-27, IND PE-120 ROCE-38%, RONW-25% ZERO DEBT- (Paying tax close to 33%) 12 Cr Equity, 261 cr Reserve, Cash Balance-110cr It’s not very often that we get stocks of well-managed companies promoted by MNCs, being a cyclical but still doing well in downward cycles. Market usually attributes higher valuations to stocks of well managed MNCs as these are in general professionally managed firms with clean corporate governance practices. Orient Refractories (ORL) is another MNC promoted company which at the moment seems to be trading at reasonable valuations considering the promoter backing and the operating performance. Orient Refractories manufactures a wide range of Refractory and Monolithic products for the iron and steel industry and its clients include large domestic integrated steel producers and mini steel plants such as Steel Authority of India, Mukund Steel, Tata Iron and Steel Company, RINL – Vizag, Sunflag Iron, Lloyd Steel, Usha M

CAPACITE INFRA Incorporated in August 2012, Capacite Inra, is a Mumbai based construction company focused on Residential, Commercial and Institutional buildings. It is into construction of super high-rise (>40 floors) and high rise buildings (>7 floors). It considers a single premise or land parcel containing at least 4 buildings, which may include High Rise or Super High Rise Buildings as a gated community, duplex houses and row houses as villaments. It provides end-toend construction services for residential buildings, multilevel car parking, corporate office buildings and buildings for educational, hospitality and healthcare purposes. CIL was incorporated in August 2012, offering the following construction services:  High Rise and Super High Rise Buildings,  Gated Communities,  Villaments,  Commercial and Office Complexes,  Institutional Buildings, and  Multi Level Car Parks Capacit’e is a Mumbai based construction company with strong execution track rec