Grauer & Weil (India): A high quality business available at attractive price
Despite the huge stress and crisis caused by COVID-19, Grauer & Weil has remained profitable
April 12, 2021 / 08:48 PM IST
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
Grauer & Weil (India) (GWIL), a small engineering company, has put up a good show, reporting a reasonable growth in revenues and earnings, led by a strong demand recovery in user industries such as chemicals, paints, automobile and others.
GWIL has a dominant position with over six decades of experience in the electroplating chemical industry, commanding about 32 per cent market share. Its surface finishing segment, which accounts for 82 per cent of its total revenue, comprise three business divisions...