Business Overview
Cranex Limited is in business of manufacturing Cranes. It is one of the leading manufacturer of EOT Cranes and Gantry Cranes in India. The products manufactured by Company includes
- Escalators and Moving walkways
- Elevators
- Gantry Cranes
- Single Girder EOT Cranes
- Double Girder Cranes
- Jib Cranes
- Train Traversers
- EU Rakes
It also provides services like modernization and renovation of existing cranes. The Company has manufacturing location in Sahibabad near New Delhi.
The Company has Government Entities and Private Entities both as client. Some major clients are NTPC, BHEL, OCL India and Alstom.
Stock Performance
Above is long term price performance chart of the Stock. As you can clearly see the Stock has not given any decent returns over the years. It can be termed as cyclic stock. Traders have made money if they have bought it below 5 or so price and sold it above 10.
This is the price range it has traded over the years fluctuating between high points and low points in between.
My Opinion
Cranex Limited is in manufacturing of Cranes majorly and have presence in manufacturing of Escalators and walkways. Cranes are majorly used in heavy lifting works and other items are often used in commercial and residential buildings.
It has started manufacturing EU rakes as well which has separate user space. The challenge is many other Companies are also present in similar operation areas.
If you see long term price performance chart Company has not really improved on its numbers over the years. The maintenance of these items is additional revenue source.
Personally I do not invest in Company which is cylic and small in nature. I prefer big cyclic companies. This provides comfort if price degrades over the time.So for retail investors I would suggest not to invest in this Company