FAIRFIELD ATLAS LTD - EXIT

Fairfield Atlas recommended @ Rs.69 ( Recommendation Link HERE ) and currently trading @ Rs.239 ,which is an appreciation of more than 300% .Recently company came out with a reverse book buiding process as part of de-listing offer and they accepted the discovered  price of Rs.245 .Stock will be traded through stock exchanges  till 21/09/2013 only Requesting either sell the stocks through exchange or accept the de-listing offer

FAIRFIELD ATLAS - REPEAT

I have recommended a BUY on Fairfield Atlas @ Rs.69 on September 24,2011.Thereafter company reported better than expected number in all quarters. It is expected to grow even faster due to an early revival in US economy and a favorable exchange ratio of  Rupee/Dollar .Reiterating a BUY @ Rs.139/-

For Old Posting on this Company Click HERE

FAIRFIELD ATLAS - A GROWING MNC ASSOCIATE

Many of the investors are interested to invest in MNC Companies mainly because of higher level of corporate governance and better professional business approach.But price of most  MNC stocks are ruling at higher level and  beyond reach of an average retail investor.Still there is some exceptions like Fairfield Atlas.Fairfield Atlas Ltd. is a subsidiary of U S based  Fairfield Manufacturing Co.Switzerland based Oerlikon Group is the ultimate parent of Fairfield. Automobile and Industrial Transmission Gear is  the main product of the company and it also producing planetary gear boxes and planetary sub-assemblies and input adapters.Its plants are located near Kolhapur in Maharastra.Fairfield  is a priority supplier to well known companies like M&M,John Deere, SAME, KAMCO, TAFE, TELCON ..etc . With the strong support of the parent ,Fairfield  is generating almost 60 % of its income through exports and  foreign companies like GKN,TMA..etc.are its customers.Even in a tough time in overseas markets , Fairfield is displaying satisfactory performance.Concentration in off road equipments like tractors and other agricultural machines ,heavy engineering equipments..etc  may be a reason for this out performance.In order to reduce the cost of production, parent company is now more interested to source products from India.This is visible in the latest financials of Fairfield Atlas.What catching our attention at this point of time is the good performance of the company at this particular time.This is really a tough time for any engineering company which is deriving  majority of Income from US market.But Fairfields performance is good even now and revival in overseas market will really help the company to perform even better.For the June  qtr company posted a turnover of Rs.50 Cr v/s Rs.34 Cr and a net profit of Rs.3.70 Cr v/s Rs.2.5 Cr In the last FY company posted a net profit of Rs.18 Cr on sale of Rs.163 Cr and the EPS were Rs.6.45. Foreign promoter is holding close to 84 % stake in this company. Considering the strong marketing and financial support of the parent company Fairfield is a good low priced  MNC stock to BUY for investors with long term view which is currently trading at Rs.69/-