Technofab Engineering is a 40 years old New Delhi Based EPC player. In its earlier stage ,it was only handling fabricating and later diversified into EPC business. It also have presence in Balance-of-Plant (BoP) and doing electro-mechanical projects on a complete turnkey basis. Company have reasonable experience in Nuclear power ,Water and waste water segment. Company already successfully executed more than 130 projects for various clients includes BHEL ,NTPC …etc. Technofab also operating in countries like Fiji,Kenya ,Ethiopia ..etc where growth momentum is expected in future. Construction of various new power projects are expected to bring big business to companies like Technofab. Recently company extended its business into other related sectors like Process Control Instruments, Thermal Mass Flowmeter, Mass Flowswitch,valves and control devices by its investment in Woodland Instruments . Company completed last year with a turnover of Rs 200 Cr and a net profit of Rs.19 Cr. Company’s current order book is above Rs.700 Cr which gives good visibility for earnings going forward. For the three months ended September quarter Technofab posted a turnover of Rs.73 Cr ( Rs.43 Cr) and a net profit of Rs.6.5 Cr (Rs 3.9 Cr). Medium to long term investors can consider a Buy at CMP of Rs.222/-
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