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Thursday, April 19, 2012

Majestic Auto Ltd:Buy/sell/growth prospects and recommendation,news and results,target and analysis,view and outlook,multibagger

Scripscan:Majestic Auto Ltd
cmp:58
Code:500267

Story:MAL, established in 1973, is a part of India’s well-known Hero Group of Companies comprising 30 companies, each one having established its own respective production line in India and in International Market.Majestic Auto Limited manufactures and sells silencers, auto components, fine blanking components, bicycle parts, and electrical motors to automobile manufacturers in India. It also provides mufflers, and bi-cycle spokes.MAL has diversified in 1999 in the field of Fine Blanked Components in technical collaboration with Feintool of Switzerland. Company is supplying components for the major automobile companies of India like Maruti, Tata Motors, Mahindra & Mahindra, Ford, Toyota & General Motors, Bosch India, Hero Honda, Fiat and Force Motors.MAL has further established a modern unit to manufacture various types of silencers for Hero Honda Motorcycles, Stator & Rotor assembly for LG Electornics and Tecumseh.The manufacturing plant in Ludhiana is an ultra modern saga equipped with sophisticated and precision-engineered instrumentation that assures quality production, thus meeting the ever-changing specific requirements of customers. It is the stamp of quality that makes the decade old pledge of Hero Group- Made in India – a proud reality.The company's performance has been pretty volatile over the last 5 years and went nowhere in the same period.It ended fy11 with sales and profits of 170crs and 7crs respectively.The company at present prices quotes at less than 9 times its trailing earnings which is inline with its peers.Any superior operational performance in the coming quarters would help it to see higher level of its stock price in the bourses.A hold at present levels.

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