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Monday, November 28, 2016
ENGINEERS INDIA LTD :- WEALTH COMPOUNDING STOCK
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
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
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
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
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.