Bharat Seats - 523229

Name of Company	Bharat Seats
BSE Code	523229
NSE Code	Not listed
ICICI Code
Established	1986
My Take	Like
Headquarters	Delhi
Promoters	JV between Suzuki, Maruti and Relan group.
Story	this company makes seats for 2 and 4 wheelers. maruti and suzuki are its major clients.
Sector	Auto
Sub-sector	Auto anciliary
Website	http://www.bharatseats.com/
Positives	Regular dividend paying company - can expect 3% dividend at current prices. Good revenue growth over last 5 years. very low interest paid every year - less than 2 Cr. 74% promoter shareholding, none pledged. Near 52 week lows
Negatives	low 1-2% NPMs.
Peers
News
Price @ blogged	16.05 (09-Sep-11)
Cost of company	50.4 Cr market cap for a PE of 6.03 based on a 8 Cr FY11 profit. 8 Cr seems like an exceptional year. So, can assume to buy this company at 10 times PE.
Group
Growth	Revenue has grown from 175 Cr to 441 Cr from FY07 to FY11. NP has grown from 2.93 to 8.23 Cr in the same period.