Ashish Maheshwari, MD, India Capital Market expects a price target of Rs 140 to Rs 150 12 months down the line for GEI Industrial Systems.

Maheshwari told CNBC-TV18, "GEI industrial systems, this is a company which is into engineering space they make air cooled condensers and exchangers, which find their application into refineries, power projects and gas transmission systems."

He further added, "This company is having an order book of Rs 160 crore in the beginning of the year, and we are expecting the order book to go to around to Rs 260 crore executable in this year, from FY07 to FY09, we are expecting a CAGR topline of around 50%, and in bottom line around 100%, which makes at current price quite attractive at around 6 price multiple and we are expecting a price target of Rs 140 to Rs 150, 12 months down the line."

Disclaimer: The analyst recommended GEI Industrial Systems to his clients.