Lloyd Electric and Engineering Ltd Multibagger 240 Rs 3 yrs timeframe - India growth Story.

Lloyd Electric and Engineering Ltd Multibagger 240 Rs 3 yrs timeframe - India growth Story.

• Lloyd Electric and Engineering Ltd was started in 1987 as a Coil company and today they are one of the biggest AC manucaturing company

• Production started in 1990 with a capacity of 300 Coils per day.By 1997 they where producing  1500 Coils per day becoming the largest manufacture of Coils in India.The same year they started Developing Air conditioner units for Railway Coaches.

• The Company entered in 2004 in to retail market with its aritconditioners for household and there reputation quickly got good acceptance from retail customers.

• Consolidated Revenue of the Group grew by20% over the previous year to Rs. 1776 crores,while profits (PBT) expanded by 35% to touch at record high of Rs. 97 crores in 2013-14 yr.

• Company is also planing to release New products developed includes inverter split air conditioners for the OEM market, Heat and Cool products for export market with R-410A refrigerant.

• In the Commercial Air-conditioning business, your company has developed Roof Mounted HVAC unit for Metro Rail using ecofriendly refrigerants. Being IRIS compliant, the company has bagged its first prestigious order from Bombardier Transportation for the supply of Roof Mounted Ventilation Units for EMU coaches. This has opened avenues for the company to bid for international jobs in Railways.

• With strong Management and strong Brand, we expect this stock to go new highs as AC will become like Fans in coming years and this company is set to be a huge beneficiary from it.Also there international acceptance is going to take this company to ddifferentstage.

We recommend a Buy on this Stock with 3 Yrs time frame for a target of 240 Rs.