The company is engaged in the manufacture of precision turned, milled, drilled components and stampings for the industries, such as auto component industry, white goods industry, consumer goods industry, and dental and orthopaedic implants. The company is having one subsidiary company namely Gurgaon Infospace Limited.
The company’s products include automotive transmission parts; carburettor parts; fuel injection equipment and parts; precision components and assemblies for communication equipment and office products, consumer durable and white goods, oral care products, and instrumentation and engineering goods, and dental and orthopaedic screws. The company manufactures Precision Turned, Milled, Drilled Components and stampings for Auto Component Industry, White Goods Industry, Consumer Goods Industry and Dentel & orthopaedic Implants.
It also holds 28% shareholding in Gurgaon Infospace SEZ in Sec 21 Gurgaon which is developed by Unitech .
IST Ltd. is a probable multibagger as a value pick because of this additional rental income which is unlocked by jv with unitech, with valuation of the SEZ running above Rs 1000 Crores it gives a nice addition to IST's assets.
Value picks are stocks of companies that are believed to be undervalued at NSE or BSE. It is an outcome of huge sattebaaji directed by Stock brokers in that stock making Markets overreact to good and bad news, resulting in stock price movements that do not correspond with the company's long-term business or fundamentals.
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RoCE : Return on Capital Employed (Effective)
PAT(Avg.) : Net Profit after tax ( Average )
CMP : Current Market Price
MoS : Margin of Safety