Bartronics India - Long Term Stock Pick

Posted by admin in Companies, Mid Term Picks on Mar 5th, 2010 | no responses

Bartronics India Limited (Bartronics) enables businesses to gain real-time visibility, control and information through the effective evaluation, implementation, integration and support of Automatic Identification & Data Capture (AIDC) technologies, RFID, Smart Cards and Point of Sale (POS) solutions.

CMP: Rs 160
Target: Rs 230
EPS: 16.40 (based on 2008-2009 earnings)

Why should you invest?

Bartronics India is now showing signs of improvements in earnings outlook due to new orders from Banking and Railway Sectors. Recently Bartronics board has decided to issue about 6.3 million warrents to the promotors at a premium price of Rs 222.
Bartronics India has a current order book of more than 700 crore (excluding the Delhi Koisks project).
Bortronics might benefit from the National Unique ID project headed by Nandan Nilekani, for which the government allocated about 1900 crore in the current budget. Bortronics is already a participant in the Unique ID Pilot project.
Bartronics is expected to post 100% growth in net profits in the next 2 years due to National Unique ID and Delhi Kiosk projects.

Bartronics has the potential to give 100% returns to investors who could hold the stock for atleast 2 to 3 years.

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