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EIL on a high-I: Order book swells
Dec 13: Engineers India Ltd. (EIL) seems to be riding high.
8The company's Order Book target of current fiscal year has been met and it is now planning to report twice of what it had guided for in order book growth at the start of 2016-17.
8EIL has developed strong relationships with the domestic oil marketing companies which helps it win large orders.
8The shift to a gas economy is another growth area for EIL. An agreement with Gazprom to study the construction of a gas pipeline to India from Russia is an example.
8Zero debt, a track record of healthy cash flows and consistent dividend payout ratio are all indicators that the good times are here for EIL
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