Scripscan:Incap ltd
cmp:9
Code:517370
Story:Incap Limited manufactures and sells AC and DC volts aluminum electrolytic capacitors and silicon rubber insulators to OEMs and dealers in India.Its products comprise radial capacitors for electronic ballast and other lighting applications; motor start capacitors for single phase pump sets, air conditioners, and wet grinders; lug terminal capacitors; and screw terminal capacitors.The market demand for the Company's Capacitors has shown substantial growth during the year 2010-2011 and contunues to be good.There has been improvement in the sales volume compared to the previous year.Company's value of Sales increased to 1471.05 Lakhs from 1262.52 Lakhs for the previous year and indicated a growth of 14.17% inspite of severe pressure on price front.The wholly Owned Subsidiary i.e. Incap Insulators Private Limited merged with the Company and the total sales from Insulators or Insulators Division amounted to 82.80 Lakhs and resulted a net loss of 124.04 Lakhs from the said division. Company is taking effective steps to increase the insulators sales in the current financial year 2011-2012 by doing business promotions.The electronic component industry is facing severe competition from imports as well as Indian manufacturers.However,given the continued support,company's product enjoy support from the key customers and confident of doing higher turnover during the coming years.The company has new order in hand from Power grid Corporation and expecting more orders from power grid and other power companies in the current year.At 9rs one has little to loose.A hold at present levels.Any good numbers in near future would help it to make a sharp northward movement in the bourses.
