I like Evans Electric Ltd for various reasons which is very obvious when we look into their general performance with the help of Grow or Screener.
1. Shareholding pattern is constant for so many years.
2. Revenue has risen to 161% but their profit has increased more than 300%. Their operating expenses were less comparatively last year expenses as compared to sales. Operating profit is high.
3. EPS has incredibly high than other passed years.
4. No Borrowing
5. ROE and ROCE is more than 25%.
6. Debtor days has been reduced.
General Information
Evans Electric Limited has received a material order of INR 121.5 million from Maharashtra State Power Generation Company Limited for Complete Re-insulation of Unit 1 stator & repair of stator core stampings at Ghatghar Hydro Power Station.
It can be great boost to the uptrend of Evans Electric Ltd. So I think the stock price will go up.
Let’s caluculate the intrinsic value of the stock:
even if a growth rate is 8%
=EPS*(1+r)*PE
= 126
and the stock price is less than this figure .
I like Evans Electric Ltd for various reasons which is very obvious when we look into their general performance with the help of Grow or Screener.
1. Shareholding pattern is constant for so many years.
2. Revenue has risen to 161% but their profit has increased more than 300%. Their operating expenses were less comparatively last year expenses as compared to sales. Operating profit is high.
3. EPS has incredibly high than other passed years.
4. No Borrowing
5. ROE and ROCE is more than 25%.
6. Debtor days has been reduced.
General Information
Evans Electric Limited has received a material order of INR 121.5 million from Maharashtra State Power Generation Company Limited for Complete Re-insulation of Unit 1 stator & repair of stator core stampings at Ghatghar Hydro Power Station.
It can be great boost to the uptrend of Evans Electric Ltd. So I think the stock price will go up.
Let’s caluculate the intrinsic value of the stock:
even if a growth rate is 8%
=EPS*(1+r)*PE
= 126
and the stock price is less than this figure .