Equity Watch

Conart Engrs a debt free construction Co. could be a take-over Target

Conart Engineers is an ISO 9000 / 9001 certified detailed engg., procurement and construction company with specialisation in Industrial / commercial/residential/roads and bridges.Company has a proven record of successful project completion, with several awards and recognitions.Company was awarded ACCE L&T Endowment Award for excellence in construction.NICMAR-200 has listed the company as one of India’s fastest growing companies in construction division. This will enable the company to maintain existing clientel and secure new ones. Present order position is close to Rs. 30 crores while Company’s market cap. is barely Rs. 6 crores.Order book is likely to touch Rs. 50 crores  in FY11.

On the Financial front, Company is doing pretty well. While the top line has gone up by 50 % during the last 2 quarters, the bottom line is up by more than 100%.

Buy @ CMP of Rs. 20-21  is recommended with one year HOLD..

This report has been prepared solely for information purposes and the information contained herein may not be deemed to be an investment advice. Such information is impersonal and not tailored to the investment needs of any specific person. The information contained herein is not a complete analysis of every material fact representing any company, industry or security. The views expressed may change. While the information contained herein has been obtained from sources believed to be reliable, no responsibility (or liability) is accepted for the accuracy of its contents. Investors are advised to satisfy themselves before making any investments and should consult with and rely upon their own advisors whether and how to use such information in making any investment decision. Neither the author nor his firm accepts any liability arising out of use of the above information

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3 thoughts on “Conart Engrs a debt free construction Co. could be a take-over Target

  1. Mahesh says:

    Ashok Sir,

    Thanks for increasing my confidence on this stock. i already bought @ 9 rupees after reading AR….technically it will fall to 10 rupees..due to gaps…prev it was driven by operator..and many ppl left this stock due to operator drive stock…but as chanakya says straight trees are always cut first :)…operators always attack fundamental good stocks only 🙂

    regards,
    mahesh.

    Like

  2. Mahesh,

    Congratulations for picking up CONART at the all time low price..Hold you may get RS. 50 for it in 2011..Most probably Mr. Surra will sell the company..

    Regards,
    Ashok

    Like

  3. Mahesh says:

    Ashok Sir,

    Thank you so much…one more stock which i feel its monopoly in its sector is GEI Industry growing kick ass CAGR >40%…please let me know your views..:-)….

    Like

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