This company has been doing very well in the last few years. In FY06, the company was having a turnover of around Rs 81 crore. We are envisaging that in 2010, it will be around Rs 1,000 crore, and on the bottom line side, the company was having a profit of around Rs 15 crore in FY06, we are expecting it to touch at around Rs 200 crore.
Recently, they have ventured into the EPC contract for oil and gas and water management. So, this is a unique company. We are advising our clients to look at those companies right now which are having business model that are recession proof and into high growth trajectory. So, if any recession is there or any slowdown, these businesses should be recession proof. This is a good example and we are expecting a price target of around Rs 600 in a year’s time
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