SP Tulsian of sptulsian.com told CNBC-TV18, "Lakshmi Electrical Control Systems makes switch gears. You can call it as a mini capital goods company. It is a very rich company; very small equity Rs 2.5 crore, reserves of about Rs 60-70 crore. Its Q3 results are fabulous; Rs 12.50 EPS from the operating, no extraordinary, no other income."
"They have good amount of fixed deposits, bank deposits on which they are earning interest income. So that has not reflected into Q3 numbers. For the nine months the EPS is at Rs 20 but what I feel is that in the last couple of years, things were little tough for them but now they are gradually moving back on the track. One can expect an EPS of Rs 35-40 also in a consistent and on an annualized basis," he added.
"They have a very good land parcel in Coimbatore where they are getting huge amount of land surplus but I am not talking about all these things. So if you have a longer horizon you can look to buy the stock at Rs 150."
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