Tulsian told CNBC-TV18, "For Kirloskar Electric I have a price target of Rs 96 for the day. This company is into power equipment maker. They are making A/C machine, A/C generators, transformers, switchgear traction equipment. If you see the topline, it's close to about maybe Rs 900 crore, the market cap right now is at about Rs 400-450 crore that means the company is available at a market cap to sales of 0.5. FY09 had an EPS of about Rs 6 while the FY10 is going to have an EPS of close to Rs 11 based on the six month performance which they have posted where they have clocked an EPS of about Rs 5."
He further added, "If you focus on their core business, their FY11 can give them an EPS of about 15 and if you take the PE multiple which is applied for companies in this sector, they are anywhere between Rs 15-20 for these Rs 1,000 crore size of companies while it is about 30-40 for the larger companies like ABB, L&T or maybe BHEL. So I think this company has a huge potential going ahead and it may not just be bought for a days point of view, if someone can keep a six month view on the stock I think this has a potential to move to Rs 150."
