Wednesday, June 2, 2010

Stock Idea: Yuken India

Yuken India manufactures hydraulic devices, used in the heavy engineering industry for automation. With automation the buzz all around, Yuken’s products have a good demand and this has been seen in its spectacular numbers for FY10 and especially Q4FY10 where, YoY, net profit has shown a surge of over 17 times. And for FY10, net profit rose over 8 times.

The company is very small, given the fact that its equity base as tiny as Rs.3 crore but its reserves as at 31st March 2010 stood at Rs.35.66 crore. Yuken has been around for the last 32 years, with most manufacturers of Original Equipment using Yuken as their preferred partners for hydraulics. The stock touched a new high yesterday at Rs.210.50. On the current EPS of Rs.27.4, this discounts the price by less than 8 times, making it a good buy with potential in the coming months.
Source: Internet (premiuminvestments.in by SP Tulsian)
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