Thursday, October 21, 2010


This scrip was earlier recommended @ Rs.350/- which is
currently trading around Rs.457/- .Last qtr performance
was excellent for the company and the good growth
visible in auto industry is expected to help the
company to perform even better in near future.
One may consider a BUY at current level for medium term .
Kennametal India (KIL), formerly WIDIA INDIA is a
part of Kennametal Inc, USA and this Indian unit
is located at Bangalore . Company is a machine tool
major caters to auto and auto related industries,
light and general engineering industries. Its product
portfolio includes Metal & Metalworking Solutions ,
Machine Tools and Engineered Products .Worldwide
recession severely affected the company’s performance
last year and due to lack of sufficient demand
company cuts its production level ,reduce wages and
even shut down its plants for few days in last FY.
Demand of its products are closely linked with the
overall growth of core sector. Company’s customers
include GM, TVS, TELCO ,Yamaha, BHEL,
Northern Railways, Ordinance and Armament factories,
Inter Drill Asia, Escorts, Gabriel, Sterling Tools
and SKF Bearings. Most of the customers are showing
revival in their operations now.Last year Kennametal
posted a turnover of Rs.305 cr. And a net profit
of 28 cr.Company’s year ending is June and for
the half year ended Dec.2009 company’s turnover is
166 cr,and NP is 24 cr.,Which is much higher than
the last year same period.Kennametal is expected
to come back to its previous golden days soon.


  1. Hi ValuePick,

    I really like your well researched ideas. One suggestion, could you also include the eqity capital of the company that you write about so one can calculate EPS immediately.


  2. Dear Sir,

    Can you please repeat the posting for Techtran Polylenses.

  3. Dear Avinash

    sure ,or will put EPS directly

  4. Old post can be accessed using the search option

  5. Hi Valuepick... just thought of checking your views on LGB forge... company has come out with decent results and reported profits for the first time. background is good and belongs to a renowned group... Could you please check?


  6. Dear Valupick sir,

    I have seen that all of your picks risen the day after you recommended but still some are not performing well even though their fundamentals are strong. What might be the reason. Can you please elaborate for example Techtran Polylenses is a good decent company with excellent track record but it is still at 19-20 levels. Can you please elaborate.

    Thanks Sir.

  7. Dear Nitin

    Sorry,I am not tracking LGB forge currently.

  8. Dear Friend

    Please never treat my recommendations as 'TIPS'to move up from the next day onwards. I have clearly mentioned that it is only for investors and not for short term traders.As you are aware ,when a change happened in management it will take some time for the completion of transformation phase ,that is happening now in Techtran.Hope it will show good results in two year time frame.

  9. One of the best stock which can be added even today without any fear at back of your mind.



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