Fluidomat started operations in 1971 at Dewas in
Madhyapradesh to manufacturer fixed speed and
variable speed fluid couplings for various
industries. Company’s products are mainly used in
sectors like Power generation, Cement ,Steel,
Fertilizers and Mining. Well known leaders from
this sectors like ABB, Kirloskar,TRF,
Walchand Nagar ,BHEL ..are in company’s client
list. Company’s order book showing good growth in
recent times due to surge in activities in the
above mentioned sectors. Recently company added
Variable Speed- Scoop Controlled Coupling to its
products line .In the last financial year company
posted a turnover of 19 Cr , net profit close
to 2 Cr and an EPS of Rs.3.9 .Fluidomat is expected
to declare good numbers ahead. It is now trading
at Rs.29/- with a P/E multiple of 7 which is at
the lower end , for a specialized company like this.
Keep an eye on this one.Investors with some risk appetite may initiate a buy even at this rate.
