Buy Gujarat Intrux; target of Rs 50: Firstcall Research

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26 Aug, 2025 12:21

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Firstcall Research is bullish on Gujarat Intrux and has recommended buy rating on the stock with a target of Rs 50 in its December 18, 2012 research report.

“Gujarat Intrux Limited was established as a Public Limited Company in the year of 1992. The Company registered with Gujarat Registrar of Companies and get "Certificate of Incorporation" on 8th January, 1992. Company has started Commercial Production of "Extrusion of non-ferrous copper and copper alloys" in Sept- 1993. The company is listed with Bombay, Ahmedabad and Saurashtra Kutch Stock Exchange Ltd. In Dec-1997 Company has set up "Sand Casting Foundry" Project. At present, Company is engaged in Manufacturing and supply of Stainless Steel, Non - Alloy Steel and alloy steel Castings. Due to high fluctuations in the prices of copper & brass scrap, business of extrusion of non-ferrous copper and copper alloys was not viable and management has decided to diversify project in to a Sand Casting Foundry. The present production capacity of foundry is 300 tons per month.”

“Gujarat Intrux Ltd is engaged in Manufacturing and supply of Stainless Steel, Non - Alloy Steel and alloy steel Castings, reported its financial results for the quarter ended 30th Sep, 2012. The Second quarter witnesses a healthy increase in overall sales as well as profitability of the company. The company’s net profit jumps to Rs.14.72 million against Rs.7.73 million in the corresponding quarter ending of previous year, an increase of 90.43%. Revenue for the quarter increase 93.47% to Rs.140.73 million from Rs.72.74 million, when compared with the prior year period. Reported earnings per share of the company stood at Rs.4.27 a share during the quarter, registering 90.43% increase over previous year period. Profit before interest, depreciation and tax is Rs.24.12 millions as against Rs.13.08 millions in the corresponding period of the previous year.”

“At the current market price of Rs.44.00, the stock P/E ratio is at 2.54 x FY13E and 2.09 x FY14E respectively. Earning per share (EPS) of the company for the earnings for FY13E and FY14E is seen at Rs.17.33 and Rs.21.06 respectively. Net Sales and PAT of the company are expected to grow at a CAGR of 27% and 54% over 2011 to 2014E respectively. On the basis of EV/EBITDA, the stock trades at 1.40 x for FY13E and 1.08 x for FY14E. Price to Book Value of the stock is expected to be at 0.52 x and 0.41 x respectively for FY13E and FY14E. We expect that the company surplus scenario is likely to continue for the next years, will keep its growth story in the coming quarters also. We recommend buy in this particular scrip with a target price of Rs.50 for medium to long term investment,” says  Firstcall Research report.

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