IST Ltd Share Price can double shortly
Incorporated in 1976, IST Ltd manufactures high-precision engineering components/assemblies including auto components.
ISTL is in the business of manufacturing of high precision engineering components /assemblies for Automobile and Consumer Goods Industry. It also is a SEZ Developers and does trading activities.
Positives:
- Low Price to Book
- Strong Balance Sheet
- Debt Free
- Strong Margins and other income.
Negatives:
- Low Sales growth
Considering the fundamental of good cashflow, We expect the stock to rally towards 1400 and 1600 in short term and can move towards 3000-3500 in 2-3 years.
The stock is included in our Screener list.
Product Profile
- Piston Cooling Nozzles Assembly
- Throttle Shaft & Throttle Valve
- Carburetor & Automotive Assembly Components
- Various types of jets
- Emulsion tubes
- Valve seats
- Throttle shafts
- Throttle valves
- CNG Kit Components
- Injector body
- Armature sleeve
- Mobile plunger
- Fixed plunger
- Silencer
- High-pressure body
- High-pressure cap
- Top shutter
- Bush for pressure relief valve (PRV)
- Tractor & Automotive Assembly Components
- CMW
- Video measuring system
- Sipcon
- Profile projector (Dyanscan)
- Tool measuring microscope
- Rockwell hardness tester
- Roughness tester
- Mitutoyo
Production Facility
ISTL operates an ISO/TS 16949:2009, ISO 14001:2004, and ISO 9001:2008 certified production facility located in Dharuhera, Gurgaon.
Clientele
- Two-Wheelers:
- Icuni
- UCAL Fuel Systems
- Keihin
- Dellorto
- PRG
- CNH
- Suzuki Gujarat
- UFI Filters
- Four-Wheelers:
- Maruti Suzuki
- Tata Motors
- FIAT
- FPT
- Padmini VNA
- Greenfuel
- CLH
- HE
- Fiat Chrysler
Subsidiaries and Associate Companies
- Subsidiary: Gurgaon Infospace Limited, involved in the development and operation of IT/ITES SEZ.
- Associate Company: IST Steel and Power Limited, where ISTL holds 30.80% equity shares. This associate is engaged in the trading of raw materials and consumables.
Revenue Breakdown – FY23
- Sales of Finished Goods: ~14%
- Sales of Traded Goods: ~2%
- Income from SEZ Operations: ~59%
- Interest Income: ~14%
- Profit on Sale of Investments: ~1%
- Rental Income: ~6%
- Dividend Income: ~4%
Segment Revenue – FY23
- Manufacturing: ~24%
- SEZ: ~76%
