*AAKASHAYA PATRA EXCLUSIVE STOCK FOR INVESTMENT:04/07/2021

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FLUIDOMAT LTD

CMP 128 ENTRY 120 TO 125 STOPLOSS 100 TARGET 250 TIME: 18 MONTHS

 

Incorporated in 1971, Dewas based Fluidomat Limited manufactures and sells a range of fixed speed and variable speed fluid couplings for industrial and automotive drives in India and internationally. The company offers constant fill/fixed speed couplings, variable speed-scoop controlled couplings,FNCT fill control couplings, and HLNs for combustion engine drives. Its products are used in various applications comprising conveyors, fans, pumps, crushers, grinders, pulverizes,ball mills, wire drawings and stranding, paper machineries, cement machineries, digesters,churners, mixers, beaters, centrifuges, oil extraction machines, mining machines,and other industrial machineries, as well as in industrial tractors, forklift trucks, aircraft toeing tractors, and combat vehicles in the automotive sector. The company serves cement;metal; paper and pulp; steel; harbor handling and port trusts; and coal, lignite, and ore mining industries, as well as plants and machinery manufacturers, power plants, and fertilizer and chemical plants.With an equity capital of Rs.4.93 crore and reserves of Rs.32.25 crore, its share bookvalue works out to Rs.75.5. The promoters hold 53.46% of the equity capital, which leaves 46.54% stake with the investing public. It is debt free company which is positive sign.

During Q4FY21, its net profit zoomed 38.14% to Rs.1.34 crore from Rs.0.97 crore in Q4FY20 on 48.05% higher sales of Rs.9.89 crore in Q4FY21 fetching an EPS of Rs.2.72.During FY21, its PAT grew 25.08% to Rs.3.99 crore from Rs.3.19 crore in FY20 on 10.91% higher sales of Rs.28.27 crore fetching an EPS of Rs.8.10.Currently, the stock trades at a P/E of 15.8x. It recommends 32.5% dividend for FY21 which is attractive.


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