Scripscan:Eldeco Housing & Industries Ltd
BSE code:523329
cmp:160
Story:With hard-core technical people sitting in the center, Eldeco Housing is a name to be reckon with construction in UP. With a 20-year-old history, there are many group companies under the flagship of Eldeco, a few of them are: Eldeco construction Pvt. Limited, Eldeco housing and Industries Limited, Eldeco Infrastructure and properties Limited, Eldeco buildtech Pvt. Limited, Eldeco Projects Pvt. Limited. In last few years time, company has completed projects worth Rs.several crs in Lucknow, Kanpur, Agra, Noida and Greater Noida.For the next 5 years time, company has confirmed orders of around rs 600 crs and to complete the projects on time, the company is working overtime.With a book value of Rs.255 per share and a very small equity base of Rs.1.97 crs, the promoters hold a very clean image in the dirty business of construction. The company faces no problem in getting loans from the banks because of the strong balance sheet. Apart from that, the projections given by the different bodies of GOI for the construction shows and holds a very promising future for the company and for the industry.Punters expects a price of Rs.200 in one year's time.
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