1)Scripscan:MRO-TEK Ltd
Cmp:23
Traded in:Nse-Bse
Story:MRO-TEK is a communication and broadcasting equipment maker.The company is a one-stop shop for entire range of networking products and solutions like copper fibre converters , bandwith manager, VDSL and switches.The company has alliances with Extreme Networks for switches, ZyXEL for high end leased lines modems and Alvarion for wireless radio.Mro-tek caters to topline clientele which includes biggies like BSNL, VSNL, Bharti, Satyam, Dishnet, LIC, SBI, IBM, SAIL, Hutch, BSES, Reliance, Compaq, UTI, Star News, etc.The rapid thrust for development in communication sector, present and projected growth in mobile telephony infrastructure, 3G, Internet, IPTV and Broadband, together with ever-growing awareness and demand by Banking, Finance, Insurance and Corporate sectors, and developing requirement of State Wide Area Network (SWAN) would ensure incessantly increasing market demand for the products of the company.The company has repaid all its debt and its a zero debt company now.It pays a good dividend too,divided yield comes at near 8% and the same record should continue.For FY10, the company is likely to achieve a topline of Rs.170 crores and bottomline of Rs.21 crores translating into an EPS of Rs.11 per share. Hence, share is ruling at P/E of 2.1 based on FY 10 earning.The company is likely to report a growth of over 30 per cent in next three years and a growth of over 40 per cent in its bottomline.Mro-tek has been long overlooked by the market but the dark horse is ready for the blazing race.So be the jockey and get yourself a fat pay pocket in the long haul.
Regards,
ARUN
I may be reached at-arunanalyst@rediffmail.com
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