Here is the details of Edelweiss and Engineers of India.

Edelweiss Financial Services:

Edelweiss is one of the diversified financial services company which deals with businesses like Corporate Credit, Retail Credit, Housing finance,Insurance,Fixed income,  commodity dealing and also deals with  financial markets and asset management.

In last two years company’s profit doubled year-on-year in a very bad or bearish Indian economy. Since company deals with all high profit margin business and Indian economy is showing all signs of improvement, Edelweiss will be the dark horse in NBFC sector. If you consider the balance sheet of the company, its cash reserve is 1145 Crs and net debt 849 Crs, so net net its +ve cash reserve company with tremendous scope to go up from here.

Engineers India Limited:

EIL provides engineering consultancy and EPC services principally focused on the oil & gas and petrochemical industries. The Company has also diversified into sectors like infrastructure, water and waste management, solar & nuclear power and fertilizers to leverage its strong technical competencies and track record.

Today, EIL is a ‘Total Solution’ engineering consultancy company providing design, engineering, procurement, construction and integrated project management services from ‘Concept to Commissioning’ with highest quality and safety standards. It also provides specialist services such as heat and mass transfer equipment design, environmental engineering, specialist materials and maintenance and plant operations and safety services.

Since economy is all set to uptick and the way mega infra projects central government is planning to start, EIL will be the major beneficiary. Regarding financial health of the company promoter stake is 70%, FII & DIIs has 21%, Net cash reserve is 2300 Crs(~69/Share Cash reserve) and debt is zero.