Abans electricals mainly do the business on these items and can expect good seasonal quarters in the coming time. Their last quarter was remarkable .
1H PAT is 56mn an increase of 27% YoY. Currently trading at a PE multiple of 7.4 with a PBV of 0.96. The estimated PE based on FY 2015/16 will be 6.3 @ Rs143/-.
The technical charts indicates buy signals with RSI standing @ 54 (neutral region)
Further the share is very illiquide with relatively small quantity in the market.
Abans finance will be getting more business from the group itself due to growth in volumes for installment plans as well as the finance business. They have reported a growth in PAT for 1H by 67%.
It is currently trading at a trailing PE of 14.7x @Rs 39.1 @ a discount to market. This is too a relatively illiquid finance company. The expected growth in volumes should generate an annual EPS in excess of 3.5 and the forward PE will be in the range of 11.
These valuations are very attractive compared to current market parameters and represent great upside potential in medium term hence good assets for a medium term value investors.