I had a look at their figures & wonder what made ECL so very attractive.
2010/11 2011/12 2012/13 30.09.13
Revenue 61m 88m 131m 92m
NAV .64 1.40 1.90 1.10
EPS .07 .80 .63 .48
* With IT literacy being continued to grow ECL business model will be greatly benefited.
* Less bank debt.
* Not much of competitiveness
* Anticipation of good dividends as they did in 2013.
Another interesting move was CT's CEO was appointed to the board in 31.01.2013. But CT exited from ECL by selling their stake(11%)
In the mad bull run in 2011 ECL hit Rs.33.00. But I wonder what made ECL the best performer in 2013 while the better and fundamentally sound shares are at bargain prices.
Open for discussion.