Multibagger Series - a definite one

Its an effort to introduce you one of the Dark Horses in my list or a future multibagger. I have placed a link to the edited screenshot from the BSE site which tells you everything about the history of its performance. I strongly believe that the history will reiterate. If you convinced, please include it in your PF.

http://s559.photobucket.com/albums/ss33/sthachat/?action=view&current=Electrothem.jpg

SCRIP - Electrotherm India

BSE CODE - 526608
PRICE ON 20/03 - 90.15
SECTOR - Electric Vehicles
PE - 1.70
EPS - 46.17
PROPOSED BUY RANGE - 60-80
BV - 348.50
52W Low/High - 76/501

Electrotherm India Ltd have 3 divisions, Metallurgical Equipment Division, Steel Division and Auto Division (Indus Elec-Trans, manufacturing electric two wheelers). Electrotherm has its network at as many as 27 places in India and also in Africa, Bangladesh, China, Iran, Malaysia, Pakistan, South Africa, Turkey, Russia and other CIS countries.

The company has signed a memorandum of understanding (MoU) with Canadian firm, Electrovaya. This MoU is for the purpose of forming a joint venture (JV) for manufacturing lithium ion polymer batteries. This joint venture will set up an advanced lithium super polymer battery plant with a capacity of up to 10 mw hours a month. The batteries will be sold in the zero-emission electric vehicle market in India and abroad.

Electrotherm India launched the high-speed version of e-bikes, 'YO-Speed' . The "no petrol scooter" with 33AH battery and a 750 watts motor has the power to seat two.

The company has signed a memorandum of understanding (MoU) with Ningbo Olisen Bipolar Batteries, China for technology transfer to manufacture special kind of high energy electric two-wheeler batteries.

Indus Elec-trans, a division of Electrotherm (ET), is formed to manufacture electric vehicles and hybrid electric vehicles. Currently INDUS has commenced manufacture of hi-tech electric two wheelers, YObykes at the plant at Kutch in Gujarat. Development of Electric three wheelers, four wheelers and hybrid electric low floor buses are on anvil for future.


Will you include this in your PF ? or after a ride ?