Hind Aluminium Ind Ltd:

_Proxy for booming Power sector_

CMP 125. TP 250

HAIL , belonging to Mumbai based Associated group, is engaged in production of Aluminum & Alloy Conductors and aluminium Rods catering to Power Transmission & Distribution applications. Co has capacity to produce  30,000 tonnes Aluminum conductors and 45000 tonnes Aluminum Wire Rods

Its clients include PGIL Tata Steel JSW KEC Sterlite etc

Financials:

               Q1/FY17.  FY16

Sales.    160.            720

NP.         3.41.          9.01

Equity.    6.30

EPSRs.    5.41.       14.30

BValue.    118

HAIL had reported EPS of 14.30 for FY16 and paid 16% dividend

For Q1, co has performed well as NP rising 32% YoY to 3.41 cr. Q1 EPS is 5.41

               2016-17E

Sales.     680

NP.         10.50

EPSRs.   16.65

Current mktcap is less than 80 crores

_HAIL is tdg @ 7.50xFY17Eeps. If stock deserved moderate PERatio of 15, stock price should be Rs 250 in 12 months_