Introducing “Cranex Ltd “ a 43 year old BSE listed ultra small cap Crane Manufacturer :
Cmp : 7.30
Current Market Cap : 4 Crs
Current Turnover 21.6 Crs
Fy 15 Eps 0.7
Low Equity Capital of 60 Lac Shares
Promoter holding : 36% ( Promoters have been buying from open market continuously)
No Promoter Pledge
Promoters have lent 9 Crs over 6 years back without interest to the co which is shown as “Unsecured Loans”
Currently it is a non dividend paying company
Website : www,cranexltd.com
Triggers :
Co has recently got an order for 42.64 Crs from Delhi Metro along with IFE Consortium with execution by 15.07.2017
Brief Profile of the Company
Cranex Limited is one of the leading manufacturers of EOT Cranes and Gantry Cranes in the country. They also provide after sales service and reconditioning services .Cranex has its manufacturing facility measuring about 4,200 square meters located at Sahibabad Industrial Area, about 14kms. from New Delhi.
It is to be noted that Cranex had gone under BIFR in 2005 and came out of the BIFR in 2012 .
Promoters
The company was promoted in 1972 by Mr Suresh Chandra Agrawal and Mr Piyush Agrawal. They are both currently actively involved in the company management. At present the Board consists of 4 promoter directors and 4 independent directors.
Customers
Cranex supplies it’s products to several Government and Private sector industries.Clients in Government departments and companies include Bharat Heavy Electricals Ltd (BHEL), Railways, Delhi Metro, Indian Space Research Organisation (ISRO), Orissa Cement Ltd (OCL), National Thermal Power Corporation (NTPC).Cranex also supplies to the private sector and counts Alstom, Bennett Coleman, Jaso India, Durha Construction Pvt Ltd., Maruti Suzuki as it’s largest clients .
Disclosure : Invested under 1% of PF :
Lets use this thread to discuss more on this co and understand this co in more depth . Welcome anyone with more insights to contribute to this thread for the benefit of all .
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