FEDDERELEC (Fedders Electric and Engineering Ltd) is present in many emerging fields which will perform very well with economy upturn and the company is available very cheap compared to peers
NSE Code: FEDDERELEC
BSE Code: 500139
CMP: 64.5
TGT: 69 / 73+
- It is available at PE of just 7.14 while industry PE is 44.9
- Profit in Q1FY18 zoomed to 16.17cr compared to 6.16cr in Q1FY17 showing more than 163% rise in profits
- Regular Dividend paying company and is available cum dividend of 10% for FY17 compared to 7.5% in FY16
- Book Value of the company is 129 and is available 0.5 times price/book with is extremely attractive
- Promoters have raised stake in the company by 5% in last 1 year and now hold 52% stake which gives confidence
- HNI’s, Corporates also hold 21% stake in the company
FEDDERELEC Business Segment
