Company has starting out as a fledgling ACSR conductor manufacturing facility in 1970. Last few years company has diversified in multiple products with in power transmission & distribution sector. Now company has products & solutions across the entire value chain of power transmission and distribution.
In FY 2011-12 Company has acquired strategic stake in Utkal Galvanizers, strategic stakes in Danke Control (50 per cent) and Maktel Control & Systems (40 per cent). 80% of T&D infrastructure product requirement are manufactured in house. The Indian Power Transmission & Distribution sector is expected to witness investments of ~Rs. 240,000 crore under ongoing 12th Five Year Plan. Being the most diversified Power T&D player in the country, comprising of high-performance verticals – conductors, cables (LT, HT & EHV), transformers (power, distribution and gas-based), transmission and EPC solutions, company is poised attractively to capitalize upon immense opportunities that the sector offers.
Yearly financials (Rs in Crore)
Quarterly financials (Rs in Crore)
EPS for FY2011-12 was Rs 33 and for H1 Sep-12 EPS was 16. Company share price is undervalued & offer scope for appreciation. Invest for long term.
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