Fedders Llyod Corporation Ltd - 500139

Name of Company	Fedders Llyod Corporation Ltd
BSE Code	500139
NSE Code	FEDDERLOYD
ICICI Code
Established	1957
My Take	Disike
Headquarters	Noida
Promoters	Punj family(Brij Raj Punj is MD) – called Lloyd group and Brij Raj Punj group
Story	Started in 1957 – first marketed A/c's then started manufacturing. I don't know where their manufacturing units are. Searching in Indian websites such as next.co.in does not find this brand listed. But searching justdial for dealers did list me a lot of dealers.
Sector	Manufacturing
Sub-sector	Air conditioning(consumer A/c under the brand name of LLOYD). A/c for buses, rail coaches, defence and telecom.
Website	http://www.fedderslloyd.com http://www.fedderslloydcorp.com/
Positives	Promoters stake at 37.7% and fairly constant – none are pledged. Revenue and profits have grown heavily from FY05 to FY10.
Negatives	Dividend is not regular, Does not retail at large stores – dependent on small stores. Complaints on consumercomplaints.in for after sales service are really worrying. FY10 NPM at 6% are higher than normal 2-4%. No reserves. FY09 debt is 119 Cr.
Peers
News
Price @ blogged	98.6 (5-Sep-10)
Cost of company	303 Cr market cap @ current price compared to 41 Cr net profit makes it less than 7.5 times.