Saturday, October 4, 2014

MAJESTIC AUTO LTD (500267 ) :- JUST BUY IT.

DEAR FRIENDS,


      Today we discuss auto components stock, This stock is not participate recent rally, but huge potential growth prospects company. " MAJESTIC AUTO LTD "







  ABOUT COMPANY :-
      
MAJESTIC AUTO COMPANY LIMITED
(MAL), established in 1973, is a part of India’s well-known Hero Group of Companies comprising 30 companies, each one having established its own respective production line in India and in International Market.

The turnover of the Hero Group in 2004-2005 was over US $ 4 Billion.Hero Group of Companies have a number of prestigious collaboration to their credit namely Honda Motors and Showa of Japan.

MAL has diversified in 1999 in the field of Fine Blanked Components in technical collaboration with Feintool of Switzerland. Company is supplying components for the major automobile companies of India like Maruti, Tata Motors, Mahindra & Mahindra, Ford, Toyota & General Motors, Bosch India, Hero MotoCorp, Fiat and Force Motors.
  
  The manufacturing plant in Ludhiana is an ultra modern saga equipped with sophisticated and precision-engineered instrumentation that assures quality production, thus meeting the ever-changing specific requirements of customers. It is the stamp of quality that makes the decade old pledge of Hero Group- Made in India – a proud reality.

Numerous test rigs, interactive computer facility, technically and professionally sound teamwork under an able and seasoned anchor, Managing Director, Mr. M.C.Munjal has enabled the Company to show credible achievements. The Company is making continuos progress towards development of Human Resources by holding various training programmes, workshops on productivity, quality improvement and personality development. Our managing director has recently introduced six sigma quality system in production shops to improve the quality of products.
Details of company click this link :- www.heromajestic.com

Poromoter holding 75% stake, Latest quarter sales 31.96 cr with 13.43cr net profits an EPS of 12.91 in june 2014 quarter, estimated EPS for 2014-2015 full year was around 51. Stock is trading only in BSE at 68rs just PE of 1.3 stock looking really deep undervalued. So one can buy this stock for long term portfolio with low risk high growth investments.

DISCLOSURE :- I am intersted this stock. 
  

4 comments:

  1. will any reader tell me what were the bloggers previous recommendations in last years? i asked him no reply.

    ReplyDelete
    Replies
    1. Some technical error my old blogs deleted,so kindly cooperate with us.

      Delete
  2. Sir why has this company not paid dividend with such high earnings ?

    ReplyDelete
  3. What's your views on the huge debt?

    ReplyDelete