Analyst's Pick: MID CAP: Motilal Oswal Financial Services
Jai Balaji Industries (JBIL) has built capacities aggressively in the last two-three years at a capex of Rs 16 b. Earnings to quadruple over FY10-12.
By ET Bureau |
JAI BALAJI INDUSTRIES
CMP: Rs 266
Jai Balaji Industries (JBIL) has built capacities aggressively in the last two-three years at a capex of Rs 16 b.
Over FY09-12, volume growth of 20-22% from existing assets, contribution from value-added products like DI pipe and cost reduction through captive coal mine and captive power plants will drive strong earnings growth. We expect earnings to quadruple over FY10-12.
CMP: Rs 266
Jai Balaji Industries (JBIL) has built capacities aggressively in the last two-three years at a capex of Rs 16 b.
Over FY09-12, volume growth of 20-22% from existing assets, contribution from value-added products like DI pipe and cost reduction through captive coal mine and captive power plants will drive strong earnings growth. We expect earnings to quadruple over FY10-12.
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