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| Name of Company | PAE Ltd |
| BSE Code | 517230 |
| NSE Code |
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| ICICI Code | |
| Established | |
| My Take | Dislike |
| Headquarters | Mumbai |
| Promoters | Arvind Raoji Doshi and family |
| Story | Claims to be the largest distributor of lead storage batteries in India. Distributes auto and industrial batteries, power backup systems for businesses and lifts/escalators. Has entered into agreement with Schneider electric india for distributing Xantrex. PAE started in 1950 as Premier auto electric and entered industrial batteries in 2003 and changed its name to PAE. Subsidiary Shurjo energy pvt ltd (I don't think it is fully owned) has manufacturing plants in Kalyani, W.Bengal – products are solar panels using CIGS thin film tech (no Silicon). |
| Sector | Trading and distribution |
| Sub-sector | Dealers for UPS, energy products, etc |
| Website | |
| Positives | Regular dividend payer from 2007. Dividend yield expected at price of Rs. 42 is 3 to 4%. Shurjo energy seems to be a real company as they have a website and a are recruiting. |
| Negatives | Too much news flow recently. 2% NPM is very low – but as dealerships are a competitive business, we cannot expect great NPM's. revenue has been consistently decreasing from Dec 08 Qtr. For Rs. 4 to 5 EPS, Rs. 42 is a heavy price to pay (esp when NPM is 2%) and when no growth plans are seen. |
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| News |
Jun 1, 2010
PAE Ltd - 517230
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