Fluidomat(bse-522017)

CMP-38


Fluidomat Limited an ISO 9001:2008 Certified Company manufactures a wide range of fixed speed and variable speed fluid couplings for industrial and automotive drives upto 3500 KW since 1971.Management of the Company is led by Chairman & Managing Director Mr. Ashok Jain, an electrical engineer with alround experience since 1971. Mr. Jain pioneered this technology, development and manufacture of fluid couplings indigenously in India with the launch of Fluidomat fluid couplings in the year 1971.
Fluidomat Provides applications engineering expertise, drive solution and energy saving support to its clients.Fluidomat Fluid couplings cover almost all sectors of Industries. Modern in-house Non Ferrous and Cast Iron Foundries produce high quality intricate castings required for Fluid Couplings.

The fluidomat factory at Dewas, near Indore in Central India, is equipped with sophisticated manufacturing, research and development, quality control and testing facilities to ensure quality and consistency.
Fluidomat Fluid couplings are in the most diverse sectors of industry since 1971. Fluidomat Fluid Couplings has a proven track record throughout the world in various technological applications and in special drive technology systems.Clients of the company includeABB, BHEL, Braithwaite, Burn Standard, CIMMCO, Chemical Construction, DEMACH, DCIPS, ELECON, EPIL, FFE, Fuller KCP, Flakt, Flender, HEC, HDOL, HSML, INDURE, Krupp, Kirloskar, Kraft Engg., L&T, MAMC, MBE, Metso, MECON, Naveen, Oilex, Penwalt, Promac, Reitz, Sayaji Iron, Techpro,Thermax, TLT, TRF, Walchandnagar Industries, Warman etc.
It is a small cap company with a M cap of 20cr.Turnover has gone up by 110% from 12.77cr to 26.85cr and NP has more than trebled from 1.19cr to 3.58cr during the five year period 2008 to 2012.It is a zero debt company with a book value of 28 with a substantial earning potential.EPS for the year 2012 is 7.26 and is trading at a PE of 5.37.The scrip might offer subastantial rewards in the long term.One may buy and hold with patience.The company declared a dividend of 12.5% for FY 2012.