“I am more confident today, than a year ago, that Suprajit is better prepared” – Managing Director , Suprajit Engineering Ltd.
Keep a tab on this company. This is a good company in a good sector with very good long term prospects.
The company is known for it’s leadership position in the automotive cable market – The company is now expanding into non-automotive cable market which is 20 times bigger in size than the automotive cable market. As per my reading – the promoters are honest, shareholder friendly and ambitious and after a lot of consolidation in last couple of year, the company seems set to be back on a steady growth path.
The past track record of the company is fantastic. They have grown from just 33 Cr turnover in 2002 to 206 Cr last year.
For this year, I expect the company to do a turnover of 190-200 Cr+ (on standalone basis) and a NP of 14 Cr+, resulting into an EPS of 12+, conservatively. With the new plants coming up, the company may be able to maintain these growth rates for coming years.
Rather than providing the details myself, I would like you all to go through the co’s website, annual report etc to get more details and take informed decision.