Dear Members,
Here is my list why I support this stock. I don''t blindly invest based on market trend/sentiment. it is my hard earned money. The one who wants to earn from the stocks, will look deep in the company''s fundamentals.
* Vision: PRODUCE GREEN TO LIVE GREEN
* Manufacturing facility: Plot No. 357, Sector 56, Phase- V, EHTP, HSIIDC, Industrial Estate Kundali, Sonipat, Haryana- 131028
+ lease started on August 01, 2015 and will expire on July 31, 2019
* only tamilnadu govt contributed 15cr for fy17. all others are small contracts.
* Bankers: United bank of india, yes bank
+ yes bank very carefully evaluates the borrower before sanctioning loan to SME
+ promoters have given 55.76 cr personal guarantee to arrange working capital
* materials: Battery, Copper, Electrical Wires, Micro Chips, PCB, Photovoltic Cells, Sheet Metal, Transformer
+ import goods value: 10cr, 9cr, 4.5cr. so, no forex dependency
* service warranty amt: 6.75L for fy17 locked in
+ Customers are our first priority
* Products
+ Inverters, UPS and Servo Stablizers
+ residential, industrial, and commercial applications.
+ LED light bulbs, LED downlights, LED flood light, LED panel lights, LED tube lights, LED bay lights, outdoor lights (street lights, floodlights)
+ Solar Products: Solar BLDC Fan, Solar Home Light systems, Solar PWM Charge Controller, Solar MPPT Charge Controller, Solar water pump
* Service
+ supply, installation, commissioning, testing and comprehensive maintenance of upto 5 years of LED products
* Mgmt seen there is huge demand for smart cities initiative. So, they introduced solar LED product. and so far, sold it to tamilnadu govt & other customers of worth 45 cr.
* capacity increased 6 times during last 2 years
+ utilization is 50%. so, still they can expand their business by acquiring new customers