Company Information

ICSA (India), headquartered in Hyderabad, is an ISO 9001:2000 company providing applications, infrastructure solutions etc for power and pipeline industries. Some of their products for the power industry include Theft Detection Device, Distribution Transformer Monitoring System, Intelligent Automatic Meter Reading, Remote Street Light Control System etc. For pipeline solutions their products include Intelligent Telemetric Unit, Off PSP Logger etc. The company has been in the news for the last couple of years. In April, the Government of Singapore picked up 5% equity stake in the company and in June, Deutsche securities increased their stake to 7.16%.

What does this tell you ? – Most definitely shows a lot of confidence amongst the investors.

Company Website : ICSA India

Price History

In January, the price was around 600, today it is hovering around 375. If you are a long term investor and you know what the potentials are, then I don’t need to tell you what kind of opportunities does this mean to you.

Picture Credit : Moneycontrol

Quarterly Results

For the quarter ended June 30, 2008, the company posted an impressive 96% growth as compared to the same period last year with a 71% increase of PAT (Profit After Tax) over corresponding quarter of the previous year.

Verdict

With such promising results in a very unfavorable market conditions, speaks highly of the quality of the management and its vision in transforming this company to a blue chip magnate. There is a huge scope to move upwards and even a price of 600 seems to low for a company like this. Expect the stock price to touch Rs.1100-1200 in 2-3 years from now ….

Hold on, think about it for a minute…that is over 200 % in about 2-3 years – Needs some serious considerations. Don’t you think ?

Disclaimer : The author may have position in this stock. All investment advice is solely by the author of this article. The views expressed in this article does not represent that of India Special. You may or may not follow this advice. Discretion is only yours

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