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Background: Voltas Limited operates as an air conditioning and engineering company primarily in India, the Middle East, and Singapore. It operates through three segments: Electro-Mechanical Projects and Services Engineering Products and Services and Unitary Cooling Products for Comfort and Commercial Use. The company undertakes heating, ventilation, air conditioning, and refrigeration projects electro-mechanical works comprising electrical systems for buildings, plumbing, firefighting, extra low voltage and specialized systems, building security and other utilities electrical power projects and environmental and water pollution control, pumping stations and water supply, and water and waste water treatment projects. It also manufactures room/split air conditioners, industrial air conditioning and refrigeration equipment, water coolers, commercial refrigerators, visi coolers and freezers, cranes, and construction equipment. In addition, it engages in the sale and service of capital machinery for textile industry sale of spares and accessories for textile equipment sale of mining and construction equipment provision of maintenance services for mining and construction industry and provision of water treatment solutions for industrial, oil and gas, and domestic sewage segments. Further, the company manufactures, sells, and services cooling appliances and cold storage products and provides facilities maintenance and hard services, such as operations and maintenance contracts in various sectors, AMCs, retrofits and energy management, etc. Voltas Limited was founded in 1954 and is headquartered in Mumbai, India. WHY TO INVEST: 1: Cheapest Among peers in terms of P/E ratio, Ben Graham valuation of 736/- @ estimated EPS of 18.5 FY19 2: Poised to Grow at the Rate of 14.8% per annum in next three years. 3: Diversification plans of business from RAC to Consumer Electronics like House hold items e.g washing machine, kitchen appliances etc. 4: ROCE:50.4% implies the promoters have good operating efficiency 5: ROE: 15% last year implies the company has utilized shareholders funds satisfactorily. 6: 33 Cr of equity that is un diluted till now along with reserves of 3700CR approx. makes the company very strong in balance sheet. 7: Regular dividend paying company with DPS of Rs 4 an payout ratio of 23.12% 8: Trustworthy and ethical promoters. OUTLOOK: Entry can be made below 600/- in SIP format for the TGT price of 740/- Time Horizon 4-5 Qtrs Click here for source:

12.24 AM Sep 17th
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