Aunde India is a small company unknown to may of the investors.It is a joint venture between Germany based Aunde Achter & Ebels Gmbh and Faze three of India.Aunde India is a manufacturer of Auto fabrics and its foreign promoter is a leader in automotive fabrics and seating systems. Company having an equity base around 10 Cr and 85 % is held by the promoters.Close to 43% stake is owned by the foreign promoter and the rest by Indian promoters.Company's products are used for manufacturing seats of various type automobiles. Many major players like Maruti,Hyundai,GM,Mahindra .etc are the customers of the company.Company also catering the global needs of Aunde Group.In order to tap the emerging opportunities in auto textile market ,company is now expanding its capacities and upgrading its technology. India is expected to play a major role in automobile industry especially in small car segment in future.This will surely help Aunde in future and the association of global player as a promoter will help to tap the international opportunities.For the nine month ended March 2011, company posted a turnover of Rs.56 Cr v/s Rs.41 Cr and a net profit of Rs.2.66 Cr c/s Rs.1.41 Cr Company's year ending is in June. Considering the chances of growth in auto sector going forward ,it is a stock to watch for long term investors at CMP of Rs.18/- . Please note that it is a low liquid counter too.
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