The company results are showing that it is being run efficiently beeting its sibblings ( not peers )results are good compared to conditions prevailing .it can be seen that though the top line has not incerased much the expenditure has been brought down .As compared to the other companies of the same type this one is the best managed . future if demand for sponge iron increases this is sure too shoot up
LANCO industries, a joint venture of lanco group and electro steel castings come out with its ever best quarterly numbers.it is a company with good track record on profitability and a consistent dividend payer.even in fy09economic meltdown, when many peer companies were bleeding,lanco managed to keep its head above rough waters, and comes out with a profit of 18 crore and a 10%dividend. during fy10 first half ,copany already clocked profit of 25 crore. at an expected full year eps of 15, company is available at less than 3 times pe,which will be rerated by the market soon.even at a conservative pe of 5 ,the company can move towards 75-80 in 3 to 6 months.
| NIFTY 
