Bhagwati autocast is a cast iron product manufacturer
located in Ahmedabad . Company having an annual
capacity of 18000 Metric ton and it is supplying
to industries like Automotive, Engineering, Hydraulic
and compressor making.Its customers includes Escorts,
Mahindra Tractors ,Punjab Tractors,Swaraj Engines and
Swaraj Mazda from auto related sectors and Vickers systems
and Bosch Rexroth from Hydraulic sector and HMT, Kirloskar
oil engines,Siemens from engineering sector …etc.
In FY 2010 company posted a turnover of Rs.52 Crore
and a net profit of 2.3 Cr.On its small equity of just
2.9 Crore company posted an EPS of Rs.8/- .All of the
sectors consuming its products are showing good
growth now, which is expected to help the company to
post even better result in current financial year.
Company is currently trading at Rs.34/- with a P/E multiple
of just 4 to last year EPS which is at the lower end .
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