MULTIBAGGER STOCK - INDO ASIAN FUSEGEAR

Indo Asian Fusegear

BSE: 532658   NSE: INDOASIFU  CMP : 79.00 EPS :155.00 PE RATIO : 0.50 BOOKVALUE : 216.30

Indo Asian Fusegear Ltd is a leading manufacturer of LT Electrical Switchgear Equipment producing a wide range of Electrical Circuit Protection Equipment including Distribution Boards, Switch Boards, Switch Panels, Fuse Switches, MCCBs, HRC Fuses, MCBs, RCDs, etc. Indo Asian Fusegear Ltd. also specializes in the manufacture of energy efficient CFLs, Fluorescent Tube Lights and Electronic Ballasts.

It has also included wires in its product portfolio. The company through its joint venture is in the process of setting up state-of-the-art new facilities at Haridwar, Uttarakhand for manufacture of wiring accessories and building and home automation equipment. Indo Asian’s contribution to the national electrical industry is well-recognized.

The company’s manufacturing units are spread over northern part of the country – two in Noida (UP) near Delhi, one each at Parwanoo (HP), Jalandhar (Punjab) and Murthal (Sonepat). The company has also set up three large state-of-the-art plants, one for the manufacture of switchgear, other for lighting products and third for manufacture of wires at SIDCUL, Haridwar, the tax free zone of Uttrakhand.

The company has collaborated with Saudi National Glass for setting up a plant in Saudi Arabia for manufacturing of CFL HID Lamps. The company has an all-India marketing network with 30 offices across India and network of over 550 authorized distributors and over 15,000 Electrical Retail outlets spread all over India and overseas.

Indo Asian has been on the approved list of most of the utilities in Middle East and Africa where it is exporting its products for the last 30 years Incorporated in 1958 as a small-scale unit in Jalandhar in Punjab, the Indo Asian group has come a long way to not just carve a niche for itself in the Indian electrical equipment industry, but to emerge as a reliable global supplier of world-class Circuit Breakers and Lighting products. The Group’s flagship company, Indo Asian Fusegear Limited has gained reputation as an innovative Electrical Equipment and Systems Designing and Manufacturing Company.

Indo Asian has grown into a multi-product, group of companies, manufacturing and marketing a wide range of electrical control and protection equipment. The superior quality of these products has earned them the respect of the Indian market and the world over where they are popular under the brand names: Indo Kopp MCBs, Stopshock RCCBs, Indo Asian HRC Fuselinks, Indo Asian Industrial Plugs & Sockets and Contactors & Relays.

Considerable importance is attached to research and development at Indo Asian. Every process and product is supported by  well-equipped, modern Research & Development Centre where a dedicated team of experts apply themselves to developing the latest, innovative product designs and process technology. Their endeavours have consistently improved product performance and functionality, keeping in mind that  customers' needs are constantly changing. 

Indo Asian has been awarded “Emerging India Award 2007” in the Engineering and Auto Ancillary Segment in a glittering ceremony on June 22, 2007 at Mumbai. The current valuations of the share is very low compared to its book value and eps.the promoter holding in this stock is 42 % and FII holds 16%. debt is almost reduced to nil, from 129.00 crores to 0.39 crores in last year.networth of the company also increased 3 times from the last year.the profit after tax is nearly 263.00 crores for the year ended march 2011. one can buy at current level for a long term targets of  175.00 and 260.00