ENGINEERS INDIA - PSU

Engineers India is quite uniquely placed in the engineering consultancy and lump sum turnkey projects. As there are no other domestic companies, Engineers India enjoys a near monopoly position, though there are some MNCs present in this space. With the leeway provided by the Govt, the company is considering tapping the exports market, especially West Asia through JVs. It has doubled its sales with nearly 80% increase in profits for trailing four quarters till Sept’09. The stock has beaten the Sensex by a margin of 150% over the last 12 months. Thus with the UPA govt’s increased focus to divest stake in most PSUs, it is essential for retail investors to be aware of the not-so-popular yet investible options. They might turn out to be the multi-baggers.