Today I am expressing my view on one plastic product company stock.
CAPRIHANS INDIA LIMITED (509486)
Caprihans India Limited is one of the oldest and largest Polyvinyl chloride (PVC) film manufacturers in India. Unwavering focus on providing customer satisfaction and innovative products, has made Caprihans one of the largest and most trusted name in the PVC film industry. With an experience of over 7 decades, Caprihans has been setting new benchmarks in the industry.
The company’s registered office is located at Worli, Mumbai, and its state-of-the-art production units are located at Thane and Nasik in the state of Maharashtra, India. Caprihans is part of Bilcare Group. The Group has manufacturing facilities spread across several continents including America, Europe and South East Asia.
Company mainly manufactures 3 types of products.
1. PVC RIGID FILMS
2. FLEXIBLE PVC FILMS
3. PLASTIC CORRUGATED SHEETS
PVC RIGID FILMS
Sunblis rigid PVC film is manufactured on state-of-the-art Calender lines. This pharma-grade film is non-toxic, free from plasticisers and heavy metals. It is also tasteless and odourless. It is manufactured under controlled environment and quality management systems, that are in conformance with ISO 9001:2008 & ISO 15378:2015. Sunblis pharma grade films are registered with DMF under USFDA.
Sundene is a PVdC coated PVC film for high barrier packaging solutions. Base PVC film is produced on state-of-the-art Calender lines and then coated through Reverse Gravure Kiss Coating process. Sundene is free from defects like air bubbles and orange peel effects. The coating is consistent, precise and provides barrier from oxygen, water vapour and aromas. It is produced in a controlled environment. It is registered with DMF under US FDA and the quality system is in conformance with ISO 9001:2008 & ISO 15378:2015.
Sunblis range of food grade PVC films are manufactured under controlled environment on state-of-the-art Calender lines. Sunblis range of products are non-toxic and completely free from heavy metals and plasticisers. These products are available in different thickness and properties to suit different needs of food packaging Industry.These are tasteless, odourless and easily thermo-formable.
Sunvic Specialty Films are manufactured on a high tech calendar line operated by experienced hands. Sunvic Specialty Films come in a wide range of formulation to meet specific requirements of specific customers. These are free from plasticisers and heavy metals These high quality films are ISO 9001 compliant.
FLEXIBLE PVC FILMS
Sunflex range of flexible PVC films and Sheetings are made from high quality raw materials, manufactured on state-of-the-art calender lines operated by experienced and qualified technicians. Available in plain, printed, embossed, and laminated form, Sunflex comes in more than 150 embossing patterns, and more than 100 printing designs. Customers also have a choice of multiple colour combinations. The facilities are ISO 9001 compliant.
PLASTIC CORRUGATED SHEETS
Sunpac Plastic Corrugated sheets are extensively used in the advertising industry. These are also used in packaging industry as they are light weight, water proof and provide good natural cushioning. Sunpac sheets have excellent tear strength and good printability and hence are ideally suited for multi-use packaging as boxes, cartons and material handling trays.
RESEARCH AND DEVELOPMENT
Caprihans focuses on providing best services and product in the field of PVC Films and its ancillary areas. In order to achieve this philosophy, Caprihans has set up exclusive R&D centres. The team concentrates on value upgradation, new variants, cost reduction and productivity improvement steps for customers. To provide the very best to the customers, Caprihans will continue to upgrade its R&D facilities keeping in mind the latest technological changes across the Globe.
The vision, however, is to stay a few steps ahead in the endeavor for superior customer service.
Company shares are trading in BSE. Promoter holding in the company is 71.93%.
Company posted 68 Cr top line with over 5% operating margin & Net profit is 1.57 Cr in the March qtr.
Stock is trading very low PE of 11 against industry PE of 72.
Stock is trading at Rs 104.
Company mainly engaged in the business of PVC films and related products to pharma and other industries.As the related sector is in the growth phase naturally company will have benefit from these. Companies new products are doing much better compared to competitors. This stock will give multiple fold returns to investors in near future.
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