Net Equity Research

Conart Engineers is an ISO 9000 / 9001 certified detailed engg., procurement and construction company with specialisation in Industrial / commercial/residential/roads and bridges.Company has a proven record of successful project completion, with several awards and recognitions.Company was awarded ACCE L&T Endowment Award for excellence in construction.NICMAR-200 has listed the company as one of India’s fastest growing companies in construction division. This will enable the company to maintain existing clientel and secure new ones. Present order position is close to Rs. 30 crores while Company’s market cap. is barely Rs. 6 crores.Order book is likely to touch Rs. 50 crores  in FY10.

On the Financial front, Company is doing pretty well. While the top line has gone up by 50 % during the last 2 years, the bottom line is up by more than 100%.

Financials from bseindia

Share is available at P/E of 4 and is an excellent BUY at CMP of Rs. 20.Target price is Rs. 40 in less than a year..

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