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Showing posts from October 14, 2007

Indo Tech Transformers Ltd --buy

Indo Tech Transformers Ltd. Key Data CMP Rs 515 Date October 15 th 2007 Sector Capital Goods Face Value Rs.10 BSE Code 532717 52 Week H/L Rs 586/ 163 Market Cap Rs 547Cr Investment Rationale Indo Tech Transformers Ltd (ITTL) was established in 1976, is a leading manufacturer and supplier of transformers to Southern State Electricity Boards (SEB's) with installed capacity of 3450 MVA and market share of 15 percent. The company till date has supplied over 56000 transformers of various capacities (UP 100 MVA) to over 3900 clients in India . The company is expanding its current capacity of 3450 MVA to 7450 MVA through a greenfield facility at Kanchipuram, Tamilnadu with an investment of Rs48.6 crore. The plant is likely to be commissioned by October 2007. ITTL has already expanded its Thirumazhisai facility (near Chennai , India ) from 1800MVA to 2400MVA at an investment of Rs4.60 crore (US$1.05 Mn) during Sept / Oct 2006. The company has order book of Rs128.33 cror