Scripscan:Simplex Castings Ltd
Code:513472
cmp:80
Story:Company is one of the largest producers of Bogies (engines chasis) frame in India and supplying wide range of its products to Railways. It manufactures several product, some of which are zero leakage coke oven doors, coco bogies, casnub bogies, bogie frame, truck frame, slag pot, blast furnace, ingot moulds, pump casting, pump body, etc. It exports around 20% of its production to USA, Italy, France, Japan, Korea, Egypt, Spain etc. Infact company claimes to be one of the largest manufacturers of zero leakage coke oven doors in the whole world. Company has been gradually but constantly expanding and upgrading its manufacturing facility. For future it has plans to venture into project execution and turnkey business of steel plants and also intends to forward integrate into valve manufacturing business, which is a very high margin business. For FY10 it has the potential to clock a turnover of more than Rs 200 cr and PAT of Rs 11 cr which translates into EPS of Rs 18 on current equity.Worth accumulating at dips for long term.
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