Scripscan:Roto Pumps Ltd
cmp:66
Code:517500
Story:Roto Pumps Ltd is in the business of creating new thresholds of technology driven innovative pumps which are used in almost all industries like agriculture,beverages,chemicals,construction,cosmetics,dyes,edible oils and many more. Its progressive cavity pumps meet the requirement of most industries.Roto is on an expansion and modernization programme, and for this purpose is setting up an integrated R and production facility at its 5 Acre plot in Greater Noida Ecotech XII Sector. During last FY, it has received big orders from Larsen and Toubro and Blue Waters Australia against stiff international competition.This speaks volumes about the quality of the new generation pumps manufactured by Roto.Its operations are showing consistent improvements. Indian Economy is on a growth path and investment in new projects / infrastructure development is expected to grow which would result in increased opportunities for growth of the Company.On the International front, continued acceptance of the Companys products in established markets and the operations of Warehouse cum Marketing Offices in U. K. and Australia, would lead to increased export turnover.The company has shown strong consistency over the years and with the mentioned developments the same should continue going forward.The company at present levels of 66 quotes at a PE of 5 times its expected forward earnings of 13.1rs.Clean and commited management,expansion plans and cheap valuations makes roto pumps an attractive buy.
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Monday, November 16, 2009
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