Hello Investors,
The company which I am gonna refer today is Eon Electric Ltd. It has a strong strong background and it has always been the frontrunner in Indian Electric Industry. The company was formerly named as Indo-Asian Fusegears. The company was a collective business of family with a brand name and it has had an amazing decades of business. The business finally got divided for diversification and gave birth to 2 new companies ,
1. Eon Electric Ltd. : First company to open a plant of LED lighting in India.
2. AMTL: Advanced Metering Tech Ltd.
Key points to consider in Eon Electric Ltd. :
1. The company has got amazing investments done in Mutual Funds which is approximately that of the company's market cap.
2. Company has promised a High revenue target but what I have witnessed is that the management was too optimistic and failed to deliver as promised. This has made me suspicious and cautious regarding this.
3. Company has always reached a milestone of opening a first plant of any new technology available in electric industry. e.g. CFL, LED, etc.
4. Diversification of Business:
5. Joint Ventures with many Lighting companies.
This post is to show how much undervalued this companies are. This quarter, ATML posted results, nice jump in standalone numbers. Double the csales and the standalone numbers showed EPS of Rs 1.4 vs Loss of Rs 3.41 last year, same quarter. Other Income of the company is around Rs 6.5 crores. Company has market cap of just Rs 66.00 crores and its Investment is rs 96 crores.
Now, people might not have heard the name of AMTL but Eon Electric is the company which has tried to expand foots across whole India.
My First Encounter: I came across it first when I bought a battery for my Samsung mobile. The shop owner showed 2 companies, One was but obvious ERD and other was EON. I chose Eon as it was cheaper and warranty period for both the batteries were same and I was going to sell that phone anyway. After I reached home, I searched over the internet to see how the company is and the review of the EON battery products. This is how I found this share.
Marketing: The company even advertised in Cricket matches one of them is India Srilanka 2012 Series. Marketing at such huge levels definitely shows the company's seriousness towards the growth. Company has amazing potential and it really needs much better valuations.
Details:
Eon Electric's Market Cap: Rs 67 crores.
Its investment valued presently: Rs 97 crores.
As per Vaniya Budhdhi, if I invest here, I am getting a company's share totally free + 30% increment in my money invested just by considering its investments. If the company sells its investment in Mutual Fund, my money will be recovered.
Also, the company has tied up with big real estate players like Anjara and I appreciate the move towards this place. There has been no lag in Marketing of company's products. The company is following the footprints of Havells company and have also hired management personnel from Havells. In future if everything goes well, I see the company competing with such big players.
Reviews: People have been satisfied with the products that company is selling. The company are also selling the products online via e-commerce sites
Company has numerous JV's which is making it more complex for me to analyse. But surely this is the stock that has to be kept on radar.
At this valuations, around Rs 42.00, I will categorize this stock as 'LOW Risk' with 'HIGH Returns' Opportunity.
Check the company's website: www.eonelectric.com
Check Facebook's page of Eon Electric : https://www.facebook.com/EonElectric
For more info regarding pros and cons and detailed report check my next post: Eon Electric Review
Suggestions and discussions are welcomed.
The company which I am gonna refer today is Eon Electric Ltd. It has a strong strong background and it has always been the frontrunner in Indian Electric Industry. The company was formerly named as Indo-Asian Fusegears. The company was a collective business of family with a brand name and it has had an amazing decades of business. The business finally got divided for diversification and gave birth to 2 new companies ,
1. Eon Electric Ltd. : First company to open a plant of LED lighting in India.
2. AMTL: Advanced Metering Tech Ltd.
Key points to consider in Eon Electric Ltd. :
1. The company has got amazing investments done in Mutual Funds which is approximately that of the company's market cap.
2. Company has promised a High revenue target but what I have witnessed is that the management was too optimistic and failed to deliver as promised. This has made me suspicious and cautious regarding this.
3. Company has always reached a milestone of opening a first plant of any new technology available in electric industry. e.g. CFL, LED, etc.
4. Diversification of Business:
- Batteries/Chargers,
- LED Lightings,
- Wires and Cables,
- Fans,
- Geysers.
5. Joint Ventures with many Lighting companies.
This post is to show how much undervalued this companies are. This quarter, ATML posted results, nice jump in standalone numbers. Double the csales and the standalone numbers showed EPS of Rs 1.4 vs Loss of Rs 3.41 last year, same quarter. Other Income of the company is around Rs 6.5 crores. Company has market cap of just Rs 66.00 crores and its Investment is rs 96 crores.
Now, people might not have heard the name of AMTL but Eon Electric is the company which has tried to expand foots across whole India.
My First Encounter: I came across it first when I bought a battery for my Samsung mobile. The shop owner showed 2 companies, One was but obvious ERD and other was EON. I chose Eon as it was cheaper and warranty period for both the batteries were same and I was going to sell that phone anyway. After I reached home, I searched over the internet to see how the company is and the review of the EON battery products. This is how I found this share.
Marketing: The company even advertised in Cricket matches one of them is India Srilanka 2012 Series. Marketing at such huge levels definitely shows the company's seriousness towards the growth. Company has amazing potential and it really needs much better valuations.
Details:
Eon Electric's Market Cap: Rs 67 crores.
Its investment valued presently: Rs 97 crores.
As per Vaniya Budhdhi, if I invest here, I am getting a company's share totally free + 30% increment in my money invested just by considering its investments. If the company sells its investment in Mutual Fund, my money will be recovered.
Also, the company has tied up with big real estate players like Anjara and I appreciate the move towards this place. There has been no lag in Marketing of company's products. The company is following the footprints of Havells company and have also hired management personnel from Havells. In future if everything goes well, I see the company competing with such big players.
Reviews: People have been satisfied with the products that company is selling. The company are also selling the products online via e-commerce sites
Company has numerous JV's which is making it more complex for me to analyse. But surely this is the stock that has to be kept on radar.
At this valuations, around Rs 42.00, I will categorize this stock as 'LOW Risk' with 'HIGH Returns' Opportunity.
Check the company's website: www.eonelectric.com
Check Facebook's page of Eon Electric : https://www.facebook.com/EonElectric
For more info regarding pros and cons and detailed report check my next post: Eon Electric Review
Suggestions and discussions are welcomed.
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ReplyDeleteThis post is to show how highly underestimated this organizations are. My name is Nagaraj Now I'm worikng car hire kochi My opinion is This quarter, ATML posted results, decent hop in standalone numbers. Twofold the csales and the standalone numbers indicated EON of versus Loss of Rs 3.41 a year ago, same quarter. DE-combined its metering business into another organization named Advance Metering Technology.After both of these exchanges organization is left with lighting items, wires and wiring embellishments , links and Fan.Now organization is concentrating its endeavors to create numerous new vitality effective items in these categories.LED lighting items is one among them . Since LED is not utilizing any risky materials like mercury it is relied upon to get shoppers need over CFL in coming years .For getting propelled innovation in this field ,EON officially tied-up with one Japanese and another European organization working in this field.
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