Book Value : Rs 180
EPS for FY08 : Rs 24
P/E : 5.4
About HONDA SIEL
Honda Siel Power Products Limited (HSPP), formerly known as Shriram Honda Power Equipment Limited, is a joint venture between Honda Motor Co. Japan and Siel Ltd., with 67% Equity Stake of Honda Motor Co. Japan. It is engaged in the manufacturing of Portable Generators, Water Pumping Sets and General Purpose Engines at its state-of-the-art manufacturing facilities at Greater Noida, Rudrapur and Pondicherry.
The Idea
The company with market cap of just Rs 130 crore is trading below its networth of Rs 180 crore, having 0 debt
as on 31st March 2008
The company had Rs 108 crore cash on books at end of FY08 (80% of market cap)
