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Mehraboon Irani of Darashaw & Company feels that Zicom Security Systems will deliver 100% returns in the next 15-18 months.
Irani told CNBC-TV18, "We like Zicom as a scrip. It is a manufacturer of electronic security systems and provides customized solutions to meet the needs of its customers. The company commands around 25% share in India right now. Growth is sectors like banking, infra, pharma, multiplexes, IT-all augurs well for this company, because these are the sectors, which need larger amount of security applications."
He further added, "The company has JVs, besides in countries like china, Taiwan, South Korea and UAE. However, the major trigger is that the compnay is the first organized player to enter the home and retail segment. We estimate the market size-in this home and retail segment to be about Rs 200 crore in 2007 and grow to Rs 750 crore in 2008. Has set up 11 retail outlets, intends to set up 35 by March this year which should go to over 200 outlets by March 2008."
"As regards the financials, this home and retail segment will put the company into new orbit. We expect the EPS to be around Rs 18 in 2007-08 and to grow to Rs 28 by 2008-09. At the present price of Rs 204, our conservative estimate is that it will deliver 100% returns to investors in the next 15-18 months."
May 21 2013, 13:56
- in Results Boardroom
May 21 2013, 11:05
- in MARKET OUTLOOK