Lakshmi Electrical has target of Rs 400: Tulsian

Lakshmi Electrical Control Systems has target of Rs 400, says SP Tulsian, sptulsian.com.

Tulsian told CNBC-TV18, "Lakshmi Electrical Control Systems is Lakshmi Machine Group company. They make low voltage stabilisers, control panels and plastic processing machinery plants. The plastic processing machinery parts are supplied to Lakshmi Machines."
He further added, "If one looks at its product profile then one can call it as a mini capital goods company. Their EPS in Q2 has been at Rs 14. In Q1 EPS was at about Rs 10. Both International Combustion and Lakshmi Electrical are identical in terms of topline, EPS, fund positions, equity base and net worth."
"The company has cash and investments of about Rs 50 crore. They have cash balance of Rs 20 crore and Rs 30 crore investments. Out of which Rs 20 crore is invested in shares of Lakshmi Machine and Rs 10 crore shares in the spinning company.  The promoters are contemplating to dispose their holdings in the spinning company because it used to be Lakshmi Electrical