Business Overview : Company is engaged in manufacturing of metal casting with high tensile, high-volume, complex thin-wall investment castings and fully-finished casting-based subassemblies and components. Co’s manufacturing facility is situated at Shapar (Veraval), Rajkot, Gujarat, India. It manufacture and supply a diverse range of casting including Automotives Casting, Defense Casting, Industrial Valves Casting, Turbine Blades Casting, Industrial Process Pumps Casting, Power Plant Boiler Parts Casting, Aerospace Casting, Earth Moving Machinery Casting, Engineering & Automation Casting, Fire Fighting Equipments Casting, Structural Hardwares Casting and Marine Applications Casting etc.
Valuation: Company is bringing the issue at p/e multiple of 15.47 on post issue FY17 eps at a price of Rs 40/- per Share while peers like Bhagwati Autocast ,Carnation Industries, Investment & precision Castings & Nitin Castings are trading at p/e multiple of more than 20.
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