MUMBAI: Electrotherm India’s stock jumped up by 32% from December 21, gaining 17.27% on Wednesday.

This was its biggest one-day return since listing.

At 1005 hrs, the stock was trading at Rs 332.80, up 19.43% on the BSE.

Trading Highlights

Stock up 32% from Dec 21, Gained 17.27% yesterday
Trading volume up 11.54 times, higher than 15 day average
Delivery climbed to 59.06% from 1 month average 57%

Revenue breakdown
                     
Electric vehicles            2%
Steel                             84.67%
Engineering                   13.91%

Clientele

L&T
Essar
Reliance ind
Adani
Surat Municipal Corp
ISRO

Play on Steel Recovery

Has 60% market share in manufacturing induction furnaces
Strong presence in special steel products
Caters to Ferrous & Non-Ferrous foundries and all segments of the steel industry
Captive power plant to reduce cost; commissioned 30 MW power plant
17 MW will be generated through waste heat, rest through lignite/imported coal
Power plant partly fired by waste gas and lignite/imported coal
Manufactures steel products such as TMT bars/Construction steel and the stainless steel
Production capacity of 150,000 TPA for TMT bars/ Construction steel; 36,000 TPA for Stainless steel
Margins would be highly sensitive towards rising steel scrap and coal prices
Started working on galvanizing and fabricating structures required for Transmission Line Towers
Some orders for substations and Transmission Line Towers are in the advanced stage of discussions
Capacity of Ductile Iron Pipe Plant is expected to go upto250,000 TPA after expansions in Aug’09 and Dec’09

Green Vehicles: Next growth Driver

Launched India’s 1st battery operated bike ‘Yo-Byke’
Current installed capacity of Yo-byke 150,000 units per year
No. of dealerships across India from the existing 182 to 250 thereby ensuring a pan India presence
Launched new models which will compete with scooters (previous models were competing with Mopeds)
Planning to launch YoEXL and YO Explore, which are expected to become the key revenue drivers
Plans to come out with electric three wheelers and hybrid buses
Expanding geographically. Strong domestic market with increasing international presence
Having presence in Bangladesh, China, Egypt, Iran, Malaysia, Pakistan, South Africa, Turkey, Russia and other CIS countries