SIKA INTERPLANT SYSTEMS-LISTED PLAYERS IN "AERONAUTICS & DEFENSE ARENA".

"SIKA" is   a   Public   Listed ISO 9001    Engineering Company in Projects, Systems, Products and Engineering Services for Aerospace, Space, Marine, Automotive and Core Industries. SIKA has offices in Bangalore CBD and manufacturing facilities on Hosur Road, Bangalore. SIKA has offices at Mumbai, Kochi and representatives in other major Cities. This Company is primarily engaged in the business of manufacturing and rendering of services in engineering products, projects and designs for aeronautics and marine sectors. Company’s niche product and service portfolio is really a good point to note. With the growing Indian market in Aerospace and Defence, India is seen as one of the target business markets for the international Aerospace and Defence industry. In this scenario international Aerospace and defence companies want to gain a competitive edge by outsourcing jobs to Indian industry and also provide Indian customers with MRO support in India.Now SIKA is going for upgradation and expansion of its facilities at Bangalore for Design, Supply, certification and MRO(maintenance, repair and overhaul) for Aerospace and Defence. SIKA has an equity base of 3.4 crore and more than 71.54% of this is held by the promoters itself ,which makes it a low liquid counter. Last year company posted an EPS of Rs.6 and declared a dividend of 6%.Even if the performance in the nine month period of this FY is not encouraging ,Company’s dedicated efforts for expansion and upgradation of its Bangalore facility and ongoing developments in aeronautics and defense sector will bring more business forward.This is a niche unknown company and most of the investors are not familiar with its activities. When this story unfold and if things are moving as per the expectations of the management. At a price of Rs.63/- it is a scrip to watch "SIKA" is a worth buy for medium to long term. & Accumulation Below 45/-.
BSE CODE : 523606 .
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