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Resources » Finance/Investments » Share Market »
Fundamental and Technical Analysis
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Micro Technologies (India) Ltd.
The Company
Micro Technologies (India) Ltd. is an IS0 9001:2000 Mumbai based IT company, a leading global developer, manufacturer and marketer of security devices for its clients across the globe. Product lines include the much-needed security devices, life style and support systems and web-based software.
Business
It is one of the most valued security solutions across the globe and has been accorded with many national and international awards for its growth and R & D. Micro Technologies aims at displaying not just the technological innovation and process but also the product diversity in various segments of vehicle, premises, mobile, other assets and now entering Energy & Health Segments and rural information.
Clients
Siemens, FICCI, Reliance Energy, Idea, L&T, HPCL, TATA HONEYWELL, CIDCO, B.P.C.L, M.S.E.B, BARC, N.M.M.C, DAE, and many other reputed companies and Govt. Organizations.
It has also tapped various domestic and international markets and bagged multiple bulk deals including the 5 million USD businesses from FN Systems, Japan for the mobile security products. 6 million USD from TWI International, South Africa and other businesses from Saudi Arabia, Ghana, Netherlands and other markets.
Financials
The mach’09 annual sales of the company is 289.93 Cr and company has earned a net profit of 72.08 Cr. The net increase in Sales from March’08 to March’09 is 103.28 Cr and the increase in net profit for the same period is 17.21 Cr. The company has reserves of more than 279 Cr. For the Jun’09 quarter company has shown a sales figure of 79.33 Cr and a net profit of 18.39 Cr which is in line with its previous results.
The promoters holding in company shares is 33.79%.The current and quick ratio of the company is above 3 which is really good. Debt Equity ratio is 0.35 which is less than 1 and is considerably good as well.
The five years CARG of Sales for the company is 61.89%, for profit CARG is 77.9% and CARG of market capital is 36.62% for the same period.
Achievements
Micro Technologies nominated on Forbes ‘Best under a Billion' List among 20 Indian and 200 Asian Companies selected out of 12000 reputed companies.
The company was selected on the basis of consistent growth of sales and profits, modest indebtness and future prospects. Despite the financial turmoil ravaging economies globally, the co. was one amongst the leading companies which maintained its consistent growth graph.
Valuations
The share is quoting at Rs.154.75 which is 2.88 times EPS of last trailing 12 months. The price/book value ratio is approximately 0.6.The company has given a dividend of 20% for the current year. The high/low for one year is 200/53.55.As per the expected annual EPS of March’10, i.e.80.5; it is trading at the P/E ratio of 1.86.
Recommendation
Marketspeaks is giving “Buy” rating for this stock with a price target of 200 with in a time frame of 3-4 months. Buy at dips, 135-140 is a good support for this share. For long term investors with 1.5-2 years horizon it is a good buy even at this level for a target of 375 Rs.
For more information visit my website www.marketspeaks.hpage.com
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