More upside in Subros for the longer term: Avinnash Gorakssakar

In a chat with ET Now, Avinnash Gorakssakar, Head of Research, Miintdirect.com shares his views on Subros.

ET Now: Do you track Subros?

Avinnash Gorakssakar: Subros makes air conditioners to Maruti which is a 100% vendor. The market is looking forward with the kind of launches Maruti is talking about. The volume growth would definitely kick in for FY15.

The company has got a very small equity of Rs 14 crore with very high cash earnings and extremely good dividends. If somebody wishes to take a longer term call, there is definitely some more upside left in the counter.