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Kennametal

nisha's picture
Submitted by nisha on December 4, 2009 - 23:49

Kennametal India, engineering stock to consider

Kennametal is a supplier of tooling, engineered components and advanced materials consumed in production processes, It is subsidiary of Kennametal USA, a $2 Billion company.

Kennametal sales comes in the range of 300 cr for past few years , there has not been much growth from this company.But it has shown decent earnings and stock is trading at resonable pe of 18.

Foreign promoters holds 88% of company, that's good and bad. They can make the company private whenever they like.

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