Amtek Auto

Amtek Auto looks like another multi-bagger in the making. Amtek current market Cap is @3475 crs and had turnover of 3900 cr. and profit of @360 cr. for the last 12 months. It holds 48.99% stake in Castek Tech (Amtek India) .It also holds 49.26% stake in Metalyst Forging & 71 % stake in JMT Auto . All 3 companies are doing well and will add to Amtek Auto’s bottom-line going forward. They have recently bought companies overseas and plan to become dominate player globally. Only negative in the stock is the 6300 cr. debts in Amtek book.
The Management has hinted they are planning some stake sale and Amtek Auto may reduce its stake in its group companies . This will help Amtek to reduce debts and improve the EPS. This will not only re rate Amtek Auto may start discounting PE of 25 to 30 times FY16 earnings.

I have started accumulating at @150 .Still thinking and researching if I can add more .Any thoughts on this auto ancillary company?

 

MULTIBAGGER ????????

 

Is it 1st April or what???