Kingfa Science may test Rs 1500, see EPS at Rs 15: SP Tulsian

SP Tulsian of sptulsian.com told CNBC-TV18, "India has only one company which has a Chinese promoter with promoter state of 75 percent. For Kingfa Science & Technology, I am expecting that FY'17 will be having a topline of about Rs 400 crore with earnings per share (EPS) of close to Rs 15 because company has already posted an EPS of closer to Rs 7 in the first half of FY17. So if you extrapolate the same and even if you do not incorporate the expansion which we will be going to see from this Chakan plant, even if on the old capacity company should be able to give a topline of Rs 400 crore with an EPS of seen to be about Rs 15." "There has been development in respect of the expansions. Already the land has been acquired, but are no clear cut indications available that when expansions will be completed, I am factoring in the benefits of expansion in FY'18 which will really be a year of blast because I will not be surprised to see the EPS moving to about maybe Rs 40-45 because even if I triple the earnings and all that, it will be Rs 40-45," he said."So, rights issue now having proposed excellent working, share is ruling closer to Rs 1,100 and I am expecting the share to move to Rs 1,500 by next Diwali, but I will not be surprised to see the share moving to Rs 2,000 also in the next maybe couple of years."