INDIAN TONERS & DEVELOPERS LTD (523586) - STOCK OF THE WEEK

Today I am expressing my view on one Specialty chemical sector stock.

INDIAN TONERS & DEVELOPERS LTD (523586)

Indian Toners & Developers Ltd. is India’s largest manufacturer and exporter of compatible toners for use in laser printers, the new age digital machines, multi-function printers, analogue copiers as well as wide format printers and copiers. Indian Toners & Developers Ltd. also offers premium quality chemical color toner products for use in laser printers and copiers. Indian Toners formed a subsidiary by the name of ITDL Imagetec Limited which became operational in 2009. While the manufacturing plant of the parent company i.e. Indian Toners is located in Rampur (U.P.), the manufacturing facility of its subsidiary, ITDL Imagetec, is located at Sitarganj (Uttarakhand).

Indian Toners manufactures world-class products using the best raw materials sourced from world-renowned manufacturers. The quality and performance of toner powders manufactured at Indian Toners, is at par with OEM standards. Purchasing compatible toners Indian Toners is a big cost saving opportunity for customers, as the customer gets high quality products at a low price. 

The company has a strong sales team of more than 100 field personnel along with its regional offices in Delhi, Mumbai, Kolkata & Chennai. ITDL Imagetec Ltd. has a widespread distribution network with around 70 distributors present in every nook and corner of the country. ITDL caters to around 500 dealers, more than 800 refillers and 44000 jobbers present in all parts of the country.

All the raw materials used by Indian Toners are sourced from world-renowned manufacturers based in Japan, Germany, USA and Korea. Indian Toners is an ISO 9001:2008 & ISO 14001:2015 certified company.

ITDL  have 20+ years of experience in toner manufacturing and are the largest exporters of toner from India. Recognizing our achievements, the Government of India has been awarding us with the “Excellence in Export Performance” award every year since 2002.

Company mainly manufactures following Toner inks.

1. Chemical Colour Toner

2. Lase Toner 

3. Digital Toner

1. Chemical Colour Toner.

  

Today's consumers are more aware of their environmental footprint. Chemically Produced Toners are more environmental friendly as compared to conventional toner produced by the pulverizing method. It is said that Chemically Produced Toner results in lower CO2 emissions (as much as 1/3rd of conventional toner) and also produces about 30% less Volatile Organic Compounds (VOCs).

Indian Toners & Developers Ltd offers world-class chemically produced compatible color toners for use in laser printers and the new digital copiers for various models of major brands like HP.

The compatible toners manufactured by ITDL Imagetec Ltd covers a broad range of products from the older analogue copiers to the new age digital machines & MFP’s. The quality standards are at par with OEM.

This products mainly for HP Printers.

2. Laser Toner.

Indian Toners & Developers Ltd, a leading manufacturer of compatible toners, manufactures a wide range of high quality compatible laser toner products for use in all the popular brands present in various countries. The compatible toners offered by Indian Toners can be used in the light duty printers (slow speed) as well as the heavy duty and larger printers (high speed). The quality standards are at par with OEM.

ITDL Imagetec Ltd. products are sold under the “SUPREMO”, “Formula-L” as well as the “ITDL COLOR PREMIUM” brand names. 

This products are mainly for below printers.

             HP®| SAMSUNG®| BROTHER®| KONICA MINOLTA®| PANASONIC®|

3. Digital toner

This Products are mainly for below printers.

CANON®| KYOCERA MITA®| RICOH®| KONICA MINOLTA®| XEROX®| TOSHIBA®| SHARP®| SAMSUNG MULTIFUNCTION

 Company is having In house Renewable energy source.Solar Power which caters to power to the manufacturing facility.

RESEARCH & DEVELOPMENT 

Research and Development has been the corner stone of ITDL’s success. Great emphasis is given to the experience and expertise of all the dedicated professionals in every department in order to maintain our privilege standing with our valued customers.

ITDL has up- to-date R&D lab well equipped with the requisite scientific analytical instruments like Multisizer III, Tribo Tester, Fluxmeter, Densitometer, TREK Instrument, Melt Flow Indexer, DSC, TGA and apparatuses for measuring powder flow, fusing quality, DC resistivity etc. plus a host of precision electronic balances. Above all, the R&D efforts are backed by a full fledged dedicated Pilot Plant comprising broadly of Pre Mixer, Compounding, Milling and Classification machinery of German / Swiss origin. Environmental Test Chamber to conduct testing of toners in different temperature/humidity conditions. Further, supported by technical assistance from Japan and USA and feedback from customers help us to continuously expand and improve our product range to meet the ever-emerging needs of the market. We are committed to the development of latest toners, to help our customers have the first mover’s advantage in the market.

                                            

In a nutshell, ITDL researches, develops, formulates and manufactures world-class toners for the analogue / digital photocopiers, laser printers and multifunction reprographic machines. It is a feather in our cap that the Department of Science and Industrial Research, Ministry of Science & Technology, Government of India, recognizes our R&D. 

Company is participating many of the exhibitions to attract more customers across globe.

New products.

LEXMARK® T 650/652/654 (650)

LEXMARK® TS 810, MS 711/811, MX 710/711/810/811/812 (MS-810)

RICOH® AFICIO MP 6000/7000/8000/7001/8001

CANON® IR-4025/4045 (NPG 56/57)

TOSHIBA® ESTUDIO 457/257/307/357/507 (TYPE T-5070 P)

CANON® IR ADV 6055/6065/6075 (NPG-54)

CANON® IR ADV 8105/8095/8085 (NPG-53)

HP 18A

HP 33A

KONICA MINOLTA® BIZ HUB 283/363

CANON® IR-2002/2202 (NPG 59)

Company Website :Clickhere

Company shares are trading in BSE.

Promoter holding in company 49.53 %

Company posted 8.03 Cr top line in Dec Qtr.

Operating Margin 23.17 % 

Net profit is 1.21 Cr in Dec qtr.

Stock is trading  low PE 14  as compared to industry PE of 24.

Debit free company.

Stock is trading at Rs 162.

As Company products are most commonly used which is like day to day consumables. Company has very strong customer base for customized brands. ITDL has has recently launched new products which are widely used for new model of famous printer brands like HP, CANON, TOSHIBA,SAMSUNG etc. This is huge positive for the stock. This stock will be a multibagger in future.

NOTE : THE ABOVE IS NOT A RESEARCH REPORT NOR A RECOMMENDATION  BUT INFORMATION AS AVAILABLE ON PUBLIC DOMAIN. 

Registration status with SEBI: I am not registered with SEBI under the (Research Analyst) regulations 2014 and as per clarifications provided by SEBI: “Any person who makes recommendation or offers an opinion concerning securities or public offers only through public media is not required to obtain registration as research analyst under RA Regulations”