Aashish Tater of FortuneWizard.com told CNBC-TV18, "We identified Amulya Leasing and Finance somewhere around Rs 55 when they started picking stake into a subsidiary. It is available at a mouth watering level. If you see the next year's projected sales, they will do roughly around Rs 250-280 crore. The leader in the pack does roughly around market cap to sales of 4 times and this is available at 0.35 times sales."He further added, "This is a company where APL Apollo Tube has got tremendous distribution network setup because APL Apollo is Rs 5000 crore odd sales company that has the potential to do that in next two years. So, their distribution network is set, all they have to do is incline this particular business with them and that is exactly their plan. So, going forward what will happen is they will spend a lot less in terms of distribution network but their sales will be in terms of multiples. So, we feel that the sales will be easily going to touch Rs 400-500 crore over next 2-2.5 years which is roughly 2.5 times.""However, the entire thing will get translated into bottomline in a very high margin business. That means you are getting a company from a promoter which has got tremendous investors. If you see APL Apollo investors they are very good but this is because it is a very small company of the same group mutual funds do not take interest right now. Once this becomes big I think this will be one big opportunity even from hereon.""We had a target of Rs 180 and Rs 225 for this fiscal. We think this will be multi-bagger even from those levels. So, this is another stock which we feel can be a stock even to watch for 2016 just like we recommended it for 2014 and 2015," he said.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
