Stock Idea - Suzlon Energy.
>> Tuesday, August 5, 2008
Scrip: - Suzlon Energy Ltd.
BSE Code: - 532667
CMP: - 233 Rs.
Market Cap: - 35813.33 Cr.
52 Week H/L: - 460.00 - 174.50
Target : - 350 (5-6 months)
Summary: -
This company was started in the year 1995 by Mr. Tulsi Tanti who was primarily in the textile business and was introduced to wind energy through a wind power project that he had commissioned for his textile factory. The first subscribers to the Memorandum were the family members and friends of Tulsi Tanti.
Later in the year they collaborated with a German Company sudwind to acquire technology to produce wind energy in India.
Financial Snapshots: -
If you look at their balance sheet you will wonder that its a must buy. Their operating income in 03-04 was 791.15 Cr Rs. and in the current year it is 6,926.01 Cr Rs. On an average a 950 + % up move in OI . With an EPS of 8.46 I find that the company is currently undervalued compared to its assets.
Why is it a must buy ?
All factors are in favor to buy this scrip. Oil prices are well above 100 $ / barrel. We need an alternative source and an environmental friendly fuel which is wind . One day oil will be depleted but wind wont. Suzlon is a best bet in the current power sector. The companies financial are quite good assuring that it has a good future.
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