Dolly Khanna latest buy LLoyd Electric
Posted: Tue Jan 17, 2017 11:22 pm
Dolly Khanna latest stock pick is Lloyd Electric and Engineering. She holds 4,46,316 shares as of 31.12.2016. VANAJA SUNDAR IYER holds 5,00,000 shares.
As per report of Microsec:
"We recommend a “STRONG BUY” to Lloyd electric & Engineering Ltd (LEEL). Lloyd incorporated in 1988, is India’s largest manufacturer of evaporator and condenser (E&C) coils for air conditioners (ACs). It is mainly involved in manufacturing of heat exchanger coils for ACs and refrigeration applications, rail coach AC units, window/ split AC, system tubing and header line and sheet metal items for AC. The company is an OEM supplier to various multi‐national companies in India. We believe that its higher presence in railway HVAC business, market leadership in coil + heat exchanger business, growing consumer business, fully integrated business model, strong acquisitions in past, wide‐spread global presence and strong fundamentals is expected to bolster up company’s future performance.
Key Investment Highlights
Favourable change in business mix: Higher presence in Railway HVAC system business
Market leader in the rapidly growing Heat exchangers + coil business
OEM supplier to Air‐conditioning manufacturing companies
Consumer Electronic business – Leveraging product experience
Acquisitions in past leading to strong fundamentals in future
Fully Integrated across HVAC Value Chain
Production units in tax holiday zone to provide financial benefits
Business model highly integrated and raw material intensive – helps protect margins from raw material price volatility
Strong growth in fundamentals in past ‐ Trend to continue"
As per report of Microsec:
"We recommend a “STRONG BUY” to Lloyd electric & Engineering Ltd (LEEL). Lloyd incorporated in 1988, is India’s largest manufacturer of evaporator and condenser (E&C) coils for air conditioners (ACs). It is mainly involved in manufacturing of heat exchanger coils for ACs and refrigeration applications, rail coach AC units, window/ split AC, system tubing and header line and sheet metal items for AC. The company is an OEM supplier to various multi‐national companies in India. We believe that its higher presence in railway HVAC business, market leadership in coil + heat exchanger business, growing consumer business, fully integrated business model, strong acquisitions in past, wide‐spread global presence and strong fundamentals is expected to bolster up company’s future performance.
Key Investment Highlights
Favourable change in business mix: Higher presence in Railway HVAC system business
Market leader in the rapidly growing Heat exchangers + coil business
OEM supplier to Air‐conditioning manufacturing companies
Consumer Electronic business – Leveraging product experience
Acquisitions in past leading to strong fundamentals in future
Fully Integrated across HVAC Value Chain
Production units in tax holiday zone to provide financial benefits
Business model highly integrated and raw material intensive – helps protect margins from raw material price volatility
Strong growth in fundamentals in past ‐ Trend to continue"