-Pioneers of the corrugated industry
-Abreast with the latest technology that the -Global Corrugated Industry offers
-Long standing relationships, of 25-30 years, with the majority of customers
-Nationally acclaimed for quality and service In-depth technical know-how of the
corrugation industry.
OPPORTUNITIES
-Growth of Indian economy will increase consumption of goods YoY,
-Increasing demand for corrugated boxes
-Exploring new geographies, customers and product capabilities
Recently the company has completed a huge amount of expansion. The company has also applied for land purchases for more expansion.
Their products include Regular Slotted Containers,Corrugated Box / Trays, Z Sleeve, I/ Honeycomb Partitions etc
Customers include Parle Agro , Hindustan Unilever etc
Mcap of 174 cr. Annual sales of 161 Cr
Trades at a PE of just 9
Around 40 cr cash in hand
Low debt
Promoter holding of 74 %
They also recently entered the baby and adult hygiene industry through their subsidiary Worth Wellness Pvt. Ltd. - Mentioned in AR
Technically , the charts looks strong and the stock has been on an uptrend.Currently taking support at the trend line
Please share your views?
Sources - Annual Report , Trendyline, TradingView
Disclosure : Invested