The following write-up appeared in Dalal Street Journal, Bombay:
Areva T&D India Ltd (BSE Code:522275) is currently trading at Rs.189.15 (52-Week High/Low Rs.130/Rs.1959.95). The company is into designs, manufactures and supplies of a complete range of equipment, systems and services for all stages in the transfer of electricity, from the generator to the large end user.
For 9MCY08, the company has recorded a topline growth of 34% on Y-o-Y basis, while its bottomline grew at 29% Y-o-Y basis. The company has registered a significant order intake of Rs.3230 Cr during 9MFY09, which is 113% increase over the orders received during the corresponding period last year.
In Q3CY08, the central utilities and state utilities contributed Rs.122 Cr worth of orders, while remaining Rs.340 Cr worth of orders were contributed by the industry and the infrastructure segment. The company is in the process of expanding the capacities at Baroda, Hosur and Chennai plants which is expected to be commissioned in Q1CY09.
The slowdown, it is expected, will least affect the company's activities with the central and state utilities in the short term. The company expects the activities with the public sector industries to continue. Activities with the private sector industries might get affected. Looking at the financials and growth prospects of the company, we would suggest you to stay invested in the counter.
source : sumanspeaks
Monday, February 23, 2009
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Disclaimer : This is only my views and not firm news and therefore I am not responsible for any kind of damaged or loss to viewer's property of funds. They can take their own decision for buying the stock/s at their own risk.
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