1. Fedders Lloyd Corporation Ltd is a 10 rupee face value electric equipment company.
Security ID: FEDDERLOYD Group / Index: B / S&P BSE SmallCap Face value: 10.00 Security Code: 500139 ISIN: INE249C01011 Industry: Other Elect.Equip./ Prod. company.
Short Brief of Company Business:-
Fedders Lloyd was incorporated in 1957, in a strategic alliance with Fedders USA for pioneering residential Air Conditioning business in India. Since then, the company has transformed into an established player in Defence Air Conditioning and Equipment, Steel Structural Fabrication, Heavy Machining, Power Transmission and Distribution and Overhead Electrification. The Company's footprint stretches from India to the Middle East and Africa.
2. Year high of Fedders Lloyd Corporation Ltd is 109.25 year low was 58.10 and the stock traded at 78.10.
Year high/ low ratio is below 2, So stock is stable for fresh buy., If you are new reader of my blog and not familiar with my research terms, then please see my research terms at this link
3. Promoters of Fedders Lloyd Corporation Ltd hold 47 % stocks and Promoters not pledged any stock plus promoters hold 50 lakh convertible warrants when these 50 Lakh warrants fully convert in securities then promoters holding will be 54.41 %. I like increasing promoter holding, so I choose this stock for my home page recommendation.
See full list of public shareholding including FII and DII here:-
4.Fedders Lloyd Corporation Ltd Fedders Lloyd Corporation Ltd is a dividend paying stock, So if we hold it for long term then we get dividends in out holding time, See past dividend history of Fedders Lloyd Corporation Ltd:-
| EX Date | Purpose |
| 18/08/2016 | Dividend 0.75 |
| 16/09/2015 | Dividend 1.00 |
| 21/10/2014 | Dividend 1.00 |
| 04/12/2013 | Dividend 1.00 |
| 20/12/2012 | Dividend 1.00 |
5. The Base price of Fedders Lloyd Corporation Ltd is 68.73, So Fedders Lloyd Corporation Ltd crossed his base price and traded 13.70% above from his base price due to higher net sale per share and high book value I think the valuation of Fedders Lloyd Corporation Ltd is still cheap at this level.
6. No any bonus issue right issue and bulk deals are recorded in last two years.(at BSE)
7. Fedders Lloyd Corporation Ltd net sale per share of FY 15-16 is 336.37.
8. The total number of shares in FDCL is 30769700, and when we use this figure then net sale per share is 336.37, but if we add 50,00,000 convertible warrant in these total number of share then total share 35769700 in this situation diluted net sale per share 289.35 which is still very very high from CMP.
9. Book value of Fedders Lloyd Corporation Ltd is 133.46 Book value is also higher than CMP, So in book value term Fedders Lloyd Corporation Ltd is a value buy at CMP.
8. Finally, I think Fedders Lloyd is best fundamental sound stock for one year or more holding view due to high net sale per share and book value stock may chance to give near about double return from here
9. 200 DMA of Fedders Lloyd Corporation Ltd is 75.56 So at CMP 78.10 So Fedders Lloyd Corporation Ltd recently cross his 200 DMA and If we see June 2016 Result, then we find that company net profit increased from 3.53cr. to 6.16 cr .which is a good sign for upward movement.
10. Fundamental target price of Fedders Lloyd Corporation Ltd is 147.46 ( When Calculated this FTP I use diluted net sale per share 289.35 instead of present net sale per share 336.37 Read my book to learn how to calculate the fundamental target price of any stock.).
So due to higher fundamental target 147.46 we can buy it till 80 to 85
11. My recent updates: - Book 63.27%Profit in CPIL.
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12. Disclaimer: - This is not an advisory service to buy or sell. The contents of “this research report” are only for educational purposes. No liability is accepted for any content in “this research report.” The author is neither a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time.The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions. Please read full disclaimer at the bottom of my blog.
12.Discloser: - I Mahesh Chander Kaushik author of this research report is an existing research analyst and passed NISM certification for research analysts. I am also registered under SEBI(RESEARCH ANALYSTS) REGULATIONS, 2014 ( SEBI Registration Number INH 100000908 ) hereby disclose about my financial interest in the subject company and the nature of such financial interest:- 1 Me and my associates or relatives have not hold any share of Fedders Lloyd Corporation Ltd so my personal interest is not included in this stock. 2. Me and my associates or relatives have not any actual/beneficial ownership of one percent or more securities of the subject company ( Fedders Lloyd Corporation Ltd). 3. Me and my associates or relatives have not any other material conflict of interest at the time of publication of the research report. 4. Me and my associates or relatives have not received any type of compensation from the subject company(Fedders Lloyd Corporation Ltd) in the past twelve months. 5. I am not served as an officer, director or employee of the subject company ( Fedders Lloyd Corporation Ltd). 6. I have been not engaged in market making activity for the subject company (Fedders Lloyd Corporation Ltd).