WIM PLASTIC LTD( BSE CODE 526586) cmp 206
Indian plastic consumer sector is growing a rate of 30% in annual wise.Wim plastic is a leading manufacturer of plastic product for household items , their leading brand name " cello" is a well popular name in south/ north india
company have the market cap 129 cr, but it have morethan 67 cr reserve, and 134 cr sales 73% of the shares held by the promotors, 24% shares in the hands of public 3% with corporates.
comparison of sales and profits
year 2008 2009 2010
sales 75.2 94.9 134
np 7.67 15.49 25.93
eps 3.8 13.9 28.2
bv 81 90 114
div 3 3.5 4
The company is now available on a deep discount basis, it now trading 1.9 times of its book value, this sector will get a rerating , an investor with a long term view can buy this company@215 for a tgt of 300+
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