Leel Electricals Ltd. share price target

Lloyd Electric and Engineering will benefit from the growing Consumer durables and railway industry in India and abroad. Consumer Durables as a industry has immense scope of growth with rising population, rural electrification, changing lifestyle, latest technology, easy financing options and affordability.

BUY Lloyd Electric & Engineering Ltd at CMP Rs. 254 and add on dips to band Rs.212 - 228 for the Sequential Target Prices Rs. 282.5-318

Lloyd Electric and Engineering's with an in-depth understanding of efficient manufacturing processes and its customer requirements continues to deliver a wide range of cost effective heat transfer solutions. With an eye for detail & a collaborative approach with its clients, Lloyd has continuously raised the standards for both product delivery and service support. This management philosophy had lead to it become not just a...

Customer delight route to increase market share: The consumer durablesegment of Lloyd Electric and Engg. Ltd. contributes around 47% of the totalrevenue and has a market share of 8% of total Air-Conditioner (AC) market in FY15. Their customer delight strategy has enabled Lloyd to distinguish its products and services from the competitors, and it has created positive emotional reaction and a positive word of mouth resulting Lloyd to capture around 11% market share in AC segment in H1FY16. In FY15, Lloyd had recorded revenue growth of 22.3% as compared to FY14. In H1FY16, Lloyd has recorded total revenue growth of 34.7%; and in consumer durable segment growth of 51.2% compared to H1FY15. We expect the growth to continue in near future as well.