stock to invest

WS INDUSTRIES
This company is mainly into manufacture of electrical insulators. This chennai based company has seen good activity in the last two years. WSI created additional capacity for the production fo sub-station porcelains and upgraded some de-bottlenecking and handing equipment.It also entered in to a strategic alliance for technology and marketing with US based PPC insulators which is the second largest insulator producer of the world. IT is establising a Rs100crore green field project for the manufacture of hollow and solid core insulators.
Its product range now includesSuspention insulators of normal,fog and aerofil types.Pin insulators from 11kv to 44kv.Solidcore insulators from 11kv to 420kv.Hollow porcelain insulators for various applications ranging from transformer bushings to SF6 breakers from voltage range from 11kv to 500kv.Transmition line hardware up to 220kv.Isolators up to 220kv.
With a large amount of power projects in line the demand for insulators is expected to be robust and the company is expected to perform exceeedingly well.
Power grid is one of the major coustomers of the company.Exports form about 30% of the turnover.
For the quarter ending dec 07 the company reported a turnover of 56 crores and a net profit of 3.5 crores on an equity base of 21.1 crores resulting in an eps of rs 1.66The current market price is around Rs 75and the share needs to be kept in mind for future investment decisions