Continental Controls Ltd. Detail
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Continental Controls Ltd. is in portfolio of Subramanian P. He is one of the top investors in India. It is a Electrical Component company typically branded as Electrical category. It is part of the Krishna Group of Companies.
It is engaged in the Manufacturing of Thermal Overload Protectors which are used in Appliances & Pump Motors, Ballasts and Air Conditioner & Refrigerator Compressor Motors using high-end Technology (as per Company website)
The manufacturing unit of company is situated in Vasai which is suburb of Mumbai. Krishna IDN Single phase Thermal Overload Protectors (TOP) provides complete protection to your electrical equipments against over heating due to over current, fluctuating voltage. overload conditions and mechanical malfunctions.
They are auto reset type, which is a proven performer in Protection Technology. They are made to protect your equipments and appliances from fire & damage.
Now lets look at performance of this company over the years.As per Dow theory of technical analysis price performance over a period of time reflects Company state.
Continental Controls Ltd. Stock Performance
The Company was trading at level of approx 8 in year 2002. The Company never really crossed 10 INR mark in past 16 years. Most of the time company trades below 10 level only.It has moved past 2 level as well.
I should not say anything about the chart as it is quite self explanatory. The company has not performed over the years. The product remains the same as well. There is no new additional in product portfolio.
The company has destroyed wealth of investors and presents a sorry state as well.
Continental Controls Ltd. My Opinion
Continental Controls Limited is in Electrical Equipment accessories sector. There are not many companies listed in this sector. But that does not mean that it will enjoy mono poly situation.
Electrical companies are taking care of safety norms. The end user is not very enthusiastic about protection if they bought branded electrical items. Many users do not even care of buying additional product to ensure safety.
This lack of interest from Consumers is biggest threat to Companies creating Safety products. Personally I do not see any considerable growth in this segment.
All the checklist of investing in a Company is negative for it. It does not have any Moat nor it has performed well in past. So I will not advice to invest in this counter.
In case you are interested then you can track the company by adding it to your stock watch list. That way you can keep close eye on the Company.