YIL a Bangalore based company from hydraulic space, promoted by Yuken Kogyo Company Ltd Japan in 1976. Its products are well known in the Industry mainly due to its quality standards. YIL’s product line includes various type of pumps,valves and controllers. Demand of hydraulic products are highly correlated with the over all industrial growth of the economy and it is highly sensitive. Due to sluggish growth in last year company could manage just 1 crore profit in March 2009 full year which converted into an EPS of Rs.3.3 on its small equity of 3 crore. But things changed rapidly with the growth of economy in this year and YIL posted an EPS of Rs.Rs.12/- for the nine month itself which is a four fold rise even from last full year. Interesting fact is that the peek time of demand for the product of YIL is last quarter and traditionally company posting major profit from fourth qtr itself. Considering this fact , YIL is expected to post an EPS close to Rs.20/- for the full year compared with RS.3/- last year. A clean and share holder friendly management makes it a riskless buy even at Rs.140/-
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Tuesday, March 2, 2010
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excellent results.
ReplyDeleteI think comp to close FULL year 2011 on high note.
can bonus be expected due to low ety and high reserves?