Artson Engineering may move to Rs 75: SP Tulsian

SP Tulsian of sptulsian.com told CNBC-TV18, "Artson Engineering is a very interesting stock. They are into the oil related EPC contractor and have established as a pioneer in providing the liquid or maybe the oil handling technology, which is very critical for refinery, chemical plant, petrochemical for tank construction, for pipeline and all that."He further added, "This is a classic turnaround case. If you see for first half, they had a topline of Rs 47 crore where the operating profit has been at Rs 1.83 crore against whole of FY15 operating profit of Rs 51 lakh. So in first half the profit after tax (PAT) has been at Rs 74 lakh against loss of Rs 2 crore in FY15. So that has given an earnings per share (EPS) of 0.20 paise for first half on Re 1 face value.""It was a BIFR company. They have converted this, it has been coming out of BIFR and Rs 45 crore loan which has been given by the Tata Group to the company, they are not providing the interest and they will be converting that entire Rs 45 crore into 4 percent preference share; 4 percent optionally non-convertible preference shares that will make the company debt free.""In last couple of months, they have announced through the stock exchanges also, they have received orders of about Rs 40 crore and they have been continuously getting that order and they have two infrastructure, one at Nasik where the capacity is 1,000 tonne per month and second one is at Jamshedpur where the capacity is 3,000 tonne per month for all this steel fabrication for steel structures, for all sort of things.""If you see the professional board kind of the company, taking all this into consideration, 75 percent stake of the Tatas, the stock which is now ruling at Rs 56 can move to a level of about Rs 75 in the next few months," he said.