Magna Electro Castings: Value and Growth Stock

Nov 3, 2014

Here is a small company with good financials in Iron and steel segment. Magna Electro Castings is not easy to find good company in this segment without Debt burden.

Products:

Castings:
Valves
Refrigeration
Railroad
Printing
Hydraulics
Automotive
Electrical
Windmills

Machined Components:
Railroad
Hydraulics
Off Highway
Windmills
Automotive

CMP: Rs. 111.50.

Stock P/E: 9.69
P/B:1.26,
P/S: 0.55,
Interest Coverage Ratio: 4.33,

Change in promoter holding: 1.02%.

The company is based on economy growth. So, sell when you see economy is going down. Currently world-wide economy is on revival. This can even earn money based on India growth story as well.

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