Wednesday, July 21, 2010

BHAGWATI AUTOCAST LTD - BETTER DAYS AHEAD



Bhagwati autocast is a cast iron product manufacturer
located in Ahmedabad . Company having an annual
capacity of 18000 Metric ton and it is supplying
to industries like Automotive, Engineering, Hydraulic
and compressor making.Its customers includes Escorts,
Mahindra Tractors ,Punjab Tractors,Swaraj Engines and
Swaraj Mazda from auto related sectors and Vickers systems
and Bosch Rexroth from Hydraulic sector and HMT, Kirloskar
oil engines,Siemens from engineering sector …etc.
In FY 2010 company posted a turnover of Rs.52 Crore
and a net profit of 2.3 Cr.On its small equity of just
2.9 Crore company posted an EPS of Rs.8/- .All of the
sectors consuming its products are showing good
growth now, which is expected to help the company to
post even better result in current financial year.
Company is currently trading at Rs.34/- with a P/E multiple
of just 4 to last year EPS which is at the lower end .

8 comments :

  1. TELL ME PG FOILS LTD FUNDAMETAL

    ReplyDelete
  2. what is your view on Jocil?
    EPS of Rs 48 Just 4 crore equity.
    very good customer base.
    need your valualabe advice.
    is it a value buy at cmp?

    ReplyDelete
  3. hey value
    whats ur view on sanguine media after the teakeover any idea about thenew promoter madan

    ReplyDelete
  4. value pls analyse jaysynth dyestuff

    ReplyDelete
  5. What do you think of - "Hindustan Tin Works" ?

    ReplyDelete
  6. No clear picture about the new promoters.If they are the same persons behind Tribhuvan Housing and fast track Entertainment ,I am not expecting any quality improvement to this company ,but share price may or may not move depends on their pockets in a bull market like this

    ReplyDelete

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