Kirloskar Electric - Mid Cap Stock Analysis
Apart from manufacturing power and distribution transformer a wide range up to 50 MVA in 200 kV class, Kirloskar Electric also produces several types of special transformers like furnace, flame proof as well as conventional dry type, earthing, special converter, high voltage testing, short circuit testing, nitrogen gas cushioned, cast resin etc.
It is also one of the leading manufacturers of AC/DC motors, AC generators, DG sets, tractions etc. At the same time, its Switchgear division manufactures high voltage switchgear in the range of 3.3 to 36kV for indoor as well as outdoor applications. Recently, it has setup up a new plant at Maharashtra & Haryana for transformer & rotating machine respectively. In order to consolidate and integrate its operation, company has recently merged Kaytee Switchgear Ltd (KSL) & Kirsloskar Power Equipments Ltd (KPEL) with itself.
Due to drastic fall in metal prices and synergies of merger, KECL has the potential to improve its margin going forward and can report an EPS of more than Rs 8 in FY10. This stock looks good from a longer term perspectives. It has moved a lot in past few days. I would recommend to buy stocks around 65 levels where it seems it has strong support.Market Cap 495.87
* EPS (TTM) 7.52
* P/E 13.05
* P/C 9.68
* Book Value 28.15
* Price/Book 3.49
Div(%) 0.00
Div Yield(%) -
Market Lot 1.00
Face Value 10.00
Industry P/E 27.73
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