Mazda Ltd. (Rs. 111.00) (Code : 523792) :- After a very long time Mazda Ltd has caught some action and is hitting new highs. It has touched the high made in Jsn’08 and is about to break it. U.S.A.). It has even executed major orders from Alstom Switzerland for large power plant installations upto 1,000 MW projects. Lately, it has started its third unit situated at Odhav which was un-operational in the past several years. Broadly its product profile is segmented into vacuum system, valve division, air pollution control equipment, crystallizers and evaporators. Notably, it has a technical collaboration with world renowned Croll-Reynolds Inc. USA, who holds 13% stake in the company. This division is growing at CAGR of 100% as company has been constantly adding new product lines. Besides, it also has a Biotechnology division dealing in carbohydrates, rare sugars and miscellaneous bio-chemicals. Currently, company is reported to have an order book of close to Rs.60 cr. Considering all these it may end FY10 with sales of Rs 80 cr and profit of Rs 10.50 cr i.e. EPS of Rs 25 on tiny equity of 4.26 cr. Fundamentally, company is on a strong footing with very low debt equity ratio and good reserves.
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