Bse Code: 517417. CMP : 86.45. Target 140-150 in next 9-12 months.
Book Value: 60 rs, PE 4.83., Dividend: Regular dividend paying company, last dividend if of 20% and dividend yield is 2.3% (Few more updates will be made in this week-keep checking)
Company Profile: Patels Airtemp was incorporated in 1973. The journey began with a single manufacturing unit in 1973, and presently the company has two manufacturing units – both equipped with stat-of-the-art production facilities. Expansion facilitated PAT to be concentrated a much wider range of products that include
Heat Exchanger (Shell and Tube Type – Finned Tube Type)
Air Cooled Heat Exchangers
Columns and Pressure Vessels
Refrigeration and Air Conditioning equipment
HVAC Projects (Turnkey Projects)
PAT has attained a key position as one of the leading suppliers to the core industrial sectors like -Power projects, Refineries, Fertilizers, Cements, Petrochemicals , Pharmaceuticals, Textile, Chemical, Engineering etc.
PAT is a manufacturer & Exporter of –Shell and Tube Heat Exchange, Air Cooled Heat Exchanger, Columns Refrigeration & Air Conditioning Equipments, Window Air Conditioners, Split Air Conditioners, Ductable Split Air Conditioners , Air Cooled Packaged Air Conditioner.
Promoter Holding: Promoter holding is 37.4% and promoter are increasing holding slowly from its sister concerns and subsidiaries. (Therm Flow Engineers Pvt. Ltd–check out http://bseindia.com/stockinfo/anncomp.aspx?scripcode=517417). Which is good sign for investor. It is not a trading stock. Just keep this in back of mind. Catch this before FII start buying it.
Results-Company is posting some really good results. In sep qtr profit increased 50% on previous qtr. Company declared profit of 2.65 cr vs 1.76cr last qtr. And profit is constant for last few qtr. But now some good order company is getting and should reflect in balance sheet soon.
Technical View: Company at 86 is reasonably under valued and trading at EPS of 4.83. and having technical support also at 84-85 levels. Down side is minimum, with some good upside possible in months to come.
Our View : We are bullish on counter if one have 9-12 months view. A domestic story, with no major affect of europe and US markets. Domestic story should keep performing irrespective of markets. Hence a good stock to invest.
Targets: Short term 100 rs. Medium term 140-150 rs. Long term 250-300 rs.
If any query just mail to multibaggerpicks.info@gmail.com
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