Monday, November 28, 2016

ENGINEERS INDIA LTD :- WEALTH COMPOUNDING STOCK

   Dear friends,


    Lot of good developments happened in India after diwali, market also dancing up and down and corrected good 10 % from the  top.  Some stocks corrected even 30 %, few  stocks made their  entry in new high list during this period. Generally people are  bullish when market is  trading @ higher levels, they turn  panic in  correction mode. It is  immaterial  for long term investors to  look into  day to day market movement,  should watch closely their portfolio stocks  and  corporate   movements. Generally i am not focusing   large cap stocks,  more focusing on mid and small cap stocks.  When there is  opportunity  in large cap stocks  one can look into.

                      

                   

           ENGINEERS INDIA LTD


BUSINESSES


     Engineers India Ltd (EIL) is a leading global engineering consultancy and EPC company. Established in 1965, EIL provides engineering consultancy and EPC services principally focused on the oil & gas and petrochemical industries. The Company has also diversified into sectors like infrastructure, water and waste management, solar & nuclear power and fertilizers to leverage its strong technical competencies and track record.

 

 With corporate office in New Delhi, EIL also operates from its four regional engineering offices in Mumbai, Kolkata, Chennai and Vadodara and has inspection offices at all major manufacturing locations of the country. The company’s overseas presence is marked by an engineering office in Abu Dhabi, which caters to the business needs in UAE/Middle-East region. Additionally, there are offices in London, Milan and Shanghai to coordinate the activities of international procurement and marketing.

  

 EIL’s technological excellence is driven by 2800 engineers in a competent employee base of over 3200 employees. The availability of technical resources per annum is about 5.6 million man-hours  in  EIL’s design offices  along with  9600  Man-months  of construction management services.

 

    Subsidiaries and Joint Ventures

 

 EIL has two Subsidiaries - Certification Engineers International Limited (CEIL), providing services in the field of certification, re-certification, third party inspection services and EIL Asia Pacific Sdn. Bhd. (EILAP), Malaysia primarily engaged in the business of providing technical services for projects in oil and gas and other industrial sectors.

 

   Order books of EIL @ 5 year high, Major project pipeline in domestic market includes MRPL/CPCL is INR 2bn, HPCL ,INR 7bn , IOC refinery, EIL expects to bag INR 6 bn of order from Namami Gange programme in H2FY17.Some big brokerage house expecting EIL will get  INR 36bn and  INR28bn orders in FY17 and FY18 respectively.

 

    Company posted strong set of results top line 680 cr and 174 cr bottom line  in H1 2016, and also EIL ANNOUNCED 1:1 BONUS SHARES, Govt owns 59.37 % promoter stake. After  demonetization of old 500 and 1000 notes government  get huge tax amounts. Government  already mentioned  spend that  amount into  infrastructure, water, and develop rural India programme.It  is geting more and more orders to EIL in coming days. Stock trading both NSE and BSE @ 292 level , so  long term investor should keep in stock to portfolio for healthy long term gain


 

Before buying any stock take advice from certified person.

 

Disclosure :- I am holding EIL shares in my portfolio.









15 comments:

  1. Hi sir,
    thanks for new pick..wil def buy.
    Could u pls tel abt IVP? Can i enter at CMP?

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  2. IVP posted good set of numbers,stock also well corrected from recent high, long term investor look into.

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  3. could you please tell us on chambal fertilizer

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    Replies
    1. Not interested in fertiliser sector this point of time.

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  4. Sir, plz ur view on morarjee textile?

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  5. Sir can you suggest any 2 stocks (from your past recommendations) in which you expect multifold returns in mid/long term? Because due to correction we might get at discounted price..

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    Replies
    1. All recommend stocks are good , decide your self to find which stock is suitable for you (risk/rewards)

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  6. Hello sir,

    I want to thank you for the kind of work you are doing is highly appreciable.

    Can you please provide your feeback on Country Club and vijay shanthi for long term?

    Thanks in advance.

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    Replies
    1. No hurry to buy consumption and real estate stocks at this point of time.

      Delete
  7. Hi Sir, Any fresh view on arman finance? shall i average..?

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  8. Dear sir.. IL&FS eng & const. also in the same field, what your view on IL&FS ?

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  9. Hi, is it the right time to accumulate n hold Satin credit for long term.

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  10. Dear Sir.. recently get to know your blog.. have missed many posts. Now going through all old posts. really awesome.. Thanks for your blogs.
    ENGINEERS INDIA PE is shows 37, can i enter it at current levels. ?
    Thank you.

    ReplyDelete