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Old Report is reproducing below:
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Monday, March 1, 2010
ITL INDUSTRIES - A Small Wonder
In the year 2004, ITL introduced India’s first indigenously designed and developed CNC Carbide Tip Circular Sawing Machine and displayed the same in EMO Show at Hannover, Germany in September 2005 & 2007 with very good global response. Today ITL offers wide range of Circular Sawing Machine for cutting ferrous and non-ferrous Bars, Sections, Profiles and Tubes. In a growing economy like India, there is large scope for company`s products.
ITL is located at Plot of approx. 4 Acres having covered area of about 108,000 square feet and additional land available for shed expansion approx. 44,000 square feet. To cater overseas requirements ITL has acquired additional land in Special Economic Zone and expects to start production by end of 2009. Company`s Customers include Steel Plants, Forging Industries, Defense Establishments, Railways Workshops, Bharat Heavy Electrical Units, Steel Tube Plants, Research Organizations like BARC, NFC, DMRL, ISRO, MIDHANI and HINDALCO etc.
On a tiny equity base of just 3.25 crore ITL is expected to post an EPS of Rs15 + in the current fiscal. In the first nine month itself ITL posted an EPS of Rs10.12 which is almost three times than the last full year EPS of Rs.3.64.It also declared a dividend of 10%. Considering the growth of the company there is fair chances for good appreciation. ITL is trading at Rs.54 which is at a P/E multiple of less than 4 to the expected EPS of current year which is really a valuepick.
valupick, i am an avid reader of ur blogs and probably share the same investment philosophy. now, that i see, someone else too interested in ITL, i guess i can ask you a few questions that i had in my mind about ITL. PBT has increased dramatically this year. any ideas why? is it something to do with low raw material cost ? also, the reserves and total assests of the company has not kept pace with the profit growth. Do you have idea of the order book of this company?
ReplyDeleteContribution from the trading of Hydraulics has increased in percentage terms.
ReplyDeletehmm...so do you think this contribution could continue going ahead? basically i was trying to predict future earning growth. after all the price would be decided by future earning potential of the company.
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ReplyDeleteDear Mr.Tony
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