ANALYSIS -ITL Industries

ITL Industries : CMP –Rs 36.BSE Stock

(Price on 6th September 2005 :Rs 38.Fluctuated to a low of Rs 29 recently.

9 % upper circuit for trading on 6th & 7th October 2005)

ITL Industries is into the business of Machine Manufacturing(Bandsaw Machines/Bi-Metallic Oil,Band saw Blades-Bimetal machines e.t.c) & Hydraulics.ITL offers 60 different models of Bandsaw machine ranging from 100 mm to 1500 mm cutting capacity with manual, semi automatic, automatic and fourth generation CNC machines.

HIGHLIGHTS :

Collaboraton with KASTO Maschinenfabrik GmbH Germany to manufacture state-of-the-art High Speed Power Hacksawing Machines in India


ITL has received good orders for production of Tubes & Pipes manufacturing machines during the current year as well as many enquiries have been received from home and international market


ITL is now a hub for Tube Technology of leading manufacturers technical know-how from USA, Europe and Japan and offers state of the art equipment crafted by highly experienced technical team


DOMESTIC CLIENTS

All the major Steel Plants, MNCs, Defense Establishments, Railways workshops, Bharat Heavy Electrical Units, Steel Tube Plants, Research Organizations like BARC, NFC, DMRL, ISRO, MIDHANI etc. and Heavy Engineering Industries are the customers of ITL Industries Ltd.

EXPORT CLIENTS

ABB,BURGMANN,DELSY,ECHLIN,GE,HAGLUNDS,HONDA,FORD,SANDVIK
KSB,WENDT e.t.c.

FINANCIALS

ITL's financials were not so exciting till now but the trend is likely to change dramatically in the coming years as both the capital good sector and the engg sector is looking up and also the company has a strong order book position which will increase its topline and bottomline by quite a margin.

DIVIDEND
ITL also gives a decent dividend of 10% which at the cmp of 33rs gives a dividend yield of more than 3%.