GE T&D
India Ltd closes at ₹80.75 with a Gain of + 4.90 % on 03-July-
2020 with formation of a Upper Red Candle on Daily Price
Chart.
About the
Company : GE T&D India is in the business of
building power transmission and distribution infrastructure. It has a portfolio
of products, solutions and services, comprising the entire range of
transmission equipment up to Extra and Ultra High Voltages (765 kV and beyond),
including air-insulated switchgear (AIS) and locally manufactured power
transformers and gas-insulated switchgear (GIS). It also provides power
electronics solutions and offers advanced power management Smart Grid solutions
for transmission and distribution including renewable energies integration.
The Company has
posted Net Sales / Revenue of ₹3158.70 Cr & Net Loss of - ₹302.60 Cr in FY2020 and expected to post Net Sales /
Revenue of ₹3104.80Cr & Net Profit of ₹7.50Cr in FY2021 and Net Sales / Revenue of ₹3719.40 Cr & Net Profit of ₹83.00 Cr in FY2022 .
Valuations : The Company is now Trading at Deep Discount to its Fair Value ( We valued
Cos based on Net Profit Generated . Here the cos has posted loses) . Its Fair
Value is ₹202.00
Net Cash From
Operations , which is -₹259.60 Cr in FY
2020, will improve to ₹276.80 Cr in FY
2021 and further ₹333.60 Cr in FY
2022.
Why it is in Focus : 1. Company currently has order book of Rs59bn
providing revenue visibility for next 2 years. Of the total OB 40% comes from
private, 30-35% SEB’s and 25% from central utility/PSU/exports. None of the
orders currently have got cancelled but there has been delay in decision making
process for projects.
2. Govt bans power gear imports from China amid border
stand-off ( Media Report )
Disclaimer : We are / may going to take exposure
shortly.
The author tracks
economic, behavioural and corporate tends, hoping to gauge good avenues of
return based on Fundamental Valuations of Stocks, a follower of EPV
method. You can reach me/us at |
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