Tuesday, March 9, 2010

MUKAND ENGINEERS -BUY

Mukand Engineering is a Bajaj Group company mainly engaged in EPC Contracts and Enginnering Construction.Company’s business activities includes Engineering procurement and construction contracts ,Civil work including architechtural works,Structural fabrication and erection,Piping work ,Mechanical work ,Electrical and instrumentation work ,Testing and commissioning services,Revamping and shut-down jobs,Fired heaters and furnaces ,Connected refractory, insulation and painting works. Companies from the steel and Hydrocarbon sector are the major customers of Mukand Engineering. Company has a small I .T Division too which handles Electronic Data Processing and ERP
advisory & support activities. Revival in core sector is expected to change the fortunes of this company.Its current order book is far better than the previous year.For the nine months ended company posted a sales of Rs.72 crore and NP of Rs.4.7 crore which already surpassed last full year figures.Mukand Engineering is expected to post an EPS close to RS.6/- for the full year.Considering the strong image of the group,revival in the core sector and orders in hand-company is expected to performs well ahead .It is currently trading at RS.48/-

2 comments :

  1. it is a nice company & business is exactly similar to the UB Engg.

    ReplyDelete
  2. Mukand has not been able to perform even in 3rd Q.very dismal results.

    Com had an initial target of 150+ cr of sales for this year ,lets see if they are able to make it all in 4Q but even if they are ,won't be posting good image due to highly erratic results.

    Amit Luthra

    ReplyDelete

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