delvery call............

ANIL SPECIAL STEEL LTD Target Rs 140 A pioneer with over 32 years of experience and expertise Anil Special Steel Industries Limited (ASIL) is extensively engaged in manufacturing and marketing of C R and Auto ancillaries components, offering a vast range of products backed up by prompt and efficient services. Anil Special Steel Industries Limited was incorporated as a public limited company in 1968 to manufacture Hardened and Tempered Steel Strips. The success story of Anil Special Steel Industries Limited is imprinted with pioneering spirit, creative drive and commercial acumen of highly qualified technical team and experienced businessmen. It has technical expertise that is provided by Hoesch Werke Hohenlimburg Schwerle A.G, Germany. ASIL is professionally managed to create and capitalize growth opportunities. It has over the years pursued its objectives through a sharply focused growth strategy. It recognizes total customer satisfaction as its main objective, thus focusing on technologies to maximize customer's convenience Investment Rationale:- There are 498 organised players in Indian auto component industry in FY 06. The industry has grown at a CAGR of 20% between 2000 and 2005 with total output in value terms touching US$ 10 bn in 2005. Exports have grown at a much higher rate of 34% CAGR during the same period with output touching US$ 1.8 bn. The performance of the auto ancillaries components solely depend upon prices of steel products being the largest raw material. ASIL is a component co where CR is the raw material. It is really unaffected by CR or HR prices going forward as the pricing gets adjusted. ASIL's growth has direct nexus with the growth of auto sector especially 2/3 wheelers as 60% of its top line comes from auto industry. 40% of the top line is from exports and Bajaj Auto ranks in one of its top customer.