Today I am expressing my view on one Tea machine manufacturing company.
T & I GLOBAL LIMITED (522294)
T & I GLOBAL LIMITED (TIGL) is a leading manufacturer and exporter of Tea Processing Machinery with the expertise to supply Customised processing equipment for CTC, Orthodox & Green Tea. The company is a family-run business and was established in 1949 by the industrious Bagaria family hailing from Assam, India. Over the years, the group has launched many innovative products and value additions for the tea industry, as well as Customized Drying Solutions for the food and chemical industries. Today its reputation and goodwill has taken the company to all Tea producing countries around the world.
TIGL has two full fledged manufacturing facilities in India - at Kolkata the capital city of West Bengal, and at Coimbatore, the industrial city of Tamil Nadu. Sales and service are facilitated through domestic offices in Coimbatore, Kolkata, Coonor ( Nilgiris), Siliguri (North Bengal) and Tinsukia (Assam), and overseas offices in Colombo, Sri Lanka, Nairobi, Kenya, and Hanoi, Vietnam. A technical team of experienced engineers is deployed through these offices to ensure prompt deliveries and commissioning. In addition to these facilities, the company’s R & D unit and Pilot Laboratory at Coimbatore are consistently involved in product development and innovation.
Company supply complete processing lines for all types of tea including CTC, Orthodox, Green & White Tea.
Company specialize in customised equipment to suit the requirements of different types of tea in different countries. TIGL area of expertise is Drying equipment, and these can be made to suit various space & quantity requirements.
TIGL also provides Turnkey Solutions for tea manufacture, including:
- Design, planning & layout consultancy for new and existing factories
- Arrangement for steam, electrical, pneumatic, structural and civil works support through channel partners
- Upgradation of machinery, reconditioning & factory expansions
- MAJOR CLIENTS INCLUDES FOLLOWING
Company recently developed 1000 acres of Tea estate also producing Tea in the name of Mainak Tea.
Company shares are trading in BSE. Promoter holding in the company is 55 %
Company posted 60 Cr top line with over 7% operating margin & Net profit is 3.7 Cr in the Dec qtr.
Book value of the share is 55.
Stock is trading low PE of 8 against its peers, industry PE is 44.
Stock is trading at Rs 64.
As Tea industries are growing in these years will be a huge positive for the company as company manufactures the Tea manufacturing machinaries & Technical solutions. Company recently acquired Tea estate and producing Tea also will add a revenue in addition to their machinery business segment. This stock will give investors multiple folds of returns in coming days.
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