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Saturday, November 7, 2009

Everest Industries Ltd:Future growth prospects and outlook,buy/sell/hold

Scripscan:Everest Industries Ltd
cmp:115
Code:508906

Story:Everest Industries Limited, together with its subsidiary, Everest Building Solutions Limited, engages in the manufacture and sale of building and construction products primarily in India. It offers a range of building solutions, such as ceilings, walls, flooring, cladding, doors, roofing, and pre-engineered steel buildings to industrial, commercial, and residential sectors. The company provides corrugated sheets; fibre cement corrugated roofing sheets; non-asbestos corrugated modern roofing systems; polycarbonate and metal roofing sheets for factories, power plants, stadiums, schools, and urban and rural houses. It also offers various types of ceiling products; wall boards, designer and heavy duty wall boards, and solid wall panels; floor boards; cladding products, including facades, sidings, and bracings; pre-engineered and smart steel buildings; and steel and fibre cement doors. In addition, Everest Industries exports its products to Europe, Africa, Australia, and Asia. The company was founded in 1934 and is headquartered in New Delhi, India. Everest Industries Limited is a subsidiary of M/s Everest Finvest (India) Private Limited.Everest Industries’s service & production capability, initiatives towards further expand the product range and the market, offer of more choices and solutions to its customers coupled with the sturdy growth rate in demand give strong revenue visibility in the coming years. At the CMP of Rs 115, the share is trading at a P/E of 4 on FY11E. We recommend 'BUY' with a target of Rs 135 in the medium term.
Posted by arun at 6:39 AM
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Investment in equity shares has its own risks.Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that I consider reliable. I,however,do not vouch for the accuracy or the completeness thereof.This material is for personal information and am not responsible for any loss incurred based upon it & take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations above.The stock price projections shown are not necessarily indicative of future price performance.The information herein, together with all estimates and forecasts, can change without notice.