Scripscan:Kinetic Engineering Ltd
Code:500240
cmp:70
Story:Kinetic Engineering Limited is the flagship company of the $500MN Firodia Group of companies.KEL offers engineering & manufacturing excellence and has a diverse product portfolio to manufacture all transmission components (gears, shafts, axles etc), engine components (crankshafts, cylinder heads, camshafts etc), complete gearbox & engine assemblies for auto & non auto products. KEL also can make various body components and has a press shop, weld shop, paint shop & can manufacture chasis, rims, mufflers etc. KEL also assembles complete vehicles for some of its customers.Kinetic Engineering at one time used to be India’s leading moped manufacturer.It has now transformed into a maker of automotive transmissions and engine assemblies.The company should have a great 2010 as it has bagged some big orders one is for a completely assembled gearbox, which will be about Rs 30 crore a year starting from 2010. Another order is for automotive gears from India’s leading automotive company. It will be about Rs 20-25 crore a year. Hence, with these new orders getting into production and the Nano Ramp up happening at Sanan,its is expected that the company’s order book will rise significantly from current levels of about Rs 7 crore to about a Rs 15 crore per month from July-August 2010.The same should transalate into robust revenues for the company in the coming year.The scrip has been consolidating long at levels of 70.With this orders and expected good numbers,Kinetic should have a better run in the bourses.However the firodias in the last several years inspite of the multi year bull run in the stock markets has been lagards.Hope things change for them and shareholders gets a rocking gala time.
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