About Company:
Austin Engineering Company Limited (AEC) is an ISO 9001:2008
and ISO/TS 16949:2009 certified manufacturer of widest range of ball &
roller bearings and its components in India without any foreign collaboration,
located near Junagadh in Gujarat State.
Ever since inception in 1973, company has continuously upgraded
skills, production capacities, infrastructure and services. From an outfit of
10 workers, that manufactured cylindrical roller bearings and deep groove ball
bearings with an outside diameter of up to 50 mm, today it is a global force in
the bearings industry. Manufactures almost the entire range of anti-friction
bearings up to an outside diameter of 1800 mm. Company exports bearings to developed countries like the USA,
UK, and European Union countries apart from local needs.
Financials: Company should deliver approx. turnover of
98-100 crores by year end 2014-15 and expected EPS should be around Rs10 on
small equity base of 3.5 crores. Estimated Top line growth is 15% over previous
year and It is almost debt free company.
Future Business Potential: With improvement in economy and
thrust on infrastructure bearing industry should see increase in domestic
demand and company can easily deliver increased EPS in range of 14-15 in next 2
years. Company has been paying dividend for last 5 years
Share was recommended in the past at current levels and
stock went up but in recent correction it has come down at current attractive
levels.
Long term investor
may buy at CMP of 81-83 could easily see 150 levels in longer term
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