Re: {LONGTERMINVESTORS} Salzer report - IIFL

Salzer Electronics Ltd: Switching on Growth - BUY  CMP: ₹181, 1-yr Target: ₹253, Upside: 40% Salzer Electronics Ltd has transformed itself from a rotary switch manufacturer to a leading player that offers total and customized electrical solutions. The company has added a range of products over the past three decades and is a preferred supplier to OEMs such as GE and Schneider. It is the largest supplier of rotary and load break switches to Indian Railways. The company provides superior customized products backed by tie-ups with global electrical majors, in-house manufacturing capabilities, and strong R&D. We expect the company to witness 21.9% revenue CAGR over FY15-18, driven by a strong product portfolio, introduction of new products, and revival in demand for electrical products. The company is focused on expanding its high-margin industrial switch gear segment. This coupled with lower interest expenses will enable the company to clock 29.5% earnings CAGR over the same period. Buoyed by a healthy balance sheet following capital infusion and strong earnings growth, we initiate coverage on the company with a BUY rating for a target price of ₹253.

Click here for the detailed report on the same.

On Thu, Mar 3, 2016 at 11:47 AM, Singaravelu K P <singuresearch@gmail.com> wrote:

Hi

Can somebody forward the latest Salzer Electronics report from IIFL

Thanks 

Sing

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