Scripscan:Patels Airtemp India Ltd
Code:517417
cmp:62
Story:The Product range of the Company are ASME 'U' StampVessels &Heat Exchangers,PressureVessels,Columns Shell & Heat Exchanger,Finned Tube HeatExchanger, Air Cooled Heat Exchanger Ventilation Units,Exhaust AirUnits,Refrigeration & HVAC Equipments, HVAC Systems and Ventilation & Air Washer Plants which are supplied to leading Refinineries,Steel, Copper, Aluminium & Automobile Plant, Fertilizers & Chemicals Plants, Textiles and Paper Industries, Refrigeration & Air Conditioning units etc.Inspite of having global meltdown and general recessionary trend the company has posted good performance for the year 2008-09.The stock trades at a market cap of only Rs 34 crore.It has shown great consistency in both topline and bottomline over the last several years.The management has given a guidance of 35% growth in topline these year which would take the sales to a near landmarke figure of 100crs.This company has been paying dividend for the last 3 years too.So there is a great value on this company.At the current price, its quoting at less than 3.2 times its forward earnings of 20rs.Valuation is cheap,company is growing, management is neat and investor freindly and its order book is increasing all the time.I don’t see much downside in the stock but the upside could be huge.A great buy at present levels.
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Thursday, November 5, 2009
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