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Engineers India: Valuation at historical low

Engineers India is sitting on a strong cash and does not have debt on the books

September 30, 2020 / 01:15 PM IST
Engineers India: Valuation at historical low

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Highlights - Strong order pipeline, expect recovery in second half of current fiscal - Large cash in the books to support execution and working capital - Trading at attractive valuation offering close to 8 percent dividend yield The covid-19 pandemic has left many companies stressed, and the market seems to have completely lost faith in them - a typical situation seen in the last many downcycles. One of the companies that caught our attention here is Engineers India (CMP: Rs 65, Market Cap: Rs...

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