Elantas Beck India Limited : A German MNC in niche segment buy at CMP 925-975 for Target of 1500

EBILis a German MNC , engaged in the business of manufacturing and marketing of Electrical
Insulation Systems and Electronic & Engineering Materials having applications in Electrical Equipment, Power and Automotive Sectors.

Strong customer base such as Cummins, Compton Greaves, ABB, Lucas,Siemens etc

 Market leader in all the segments of liquid insulation in India with significant market share:
 38.4% market share in Primary Insulation Segment
 41.1% market share in Secondary Insulation segment
 Manufacturing plants located at Pimpri, Pune in Maharashtra and Ankleshwar in Gujarat with manufacturing capacities of 7,400 and 16,820 MT each

Expected EPS for FY-2015 is Rs 50 available at cheap PE multiple of 20 being a MNC, debt free company and looking for stronger growth through organic and inorganic route in next 2-3 years it is worth investing in the company.

Long term investors can invest in this stock for a one year Target of 1500 and 2 year Target 2000.Also company may think of de-listing in coming future that should add more spice into the script.

Strong Buy for long term investors.