Food processing industry is fast growing industry in worldwide, so today i have sharing my opinion on one such stock related to this industry to manufacture machinery for food processing industry
AXTEL INDUSTRIES LTD
Axtel Industries Limited is engaged in manufacturing of food processing plants and machineries. The Company supplies process engineering equipment and turnkey systems to the food and pharmaceutical industries. It offers process equipment under various categories, including solids handling, storage and discharge, sieving and straining/cleaning and grading, size reduction, mixing and blending, and specialized process equipment. Its solids handling products include sack tip stations, bulk loaders, belt conveyors, screw feeder and conveyors, screw feeder with integral valves, dual tunnel diverter valves, z-bucket elevators, cyclones, reverse jet filters, and horizontal reverse jet bin filters. Its storage and discharge products include process tanks, outdoor storage silos, intermediate bulk containers, table feeders, knife gate valves, butterfly valves and big bag handling systems. Its size reduction products include hammer mills, nibblers, cone mills, shredders and roller mills.
Axtel have 25 years of knowledge gained from working with customers globally. Company have technical collaborations with Wenger Inc., USA for food/feed extrusion systems and AnuTec GmbH, Switzerland for powder handling systems.
MAJOR CLIENTS :-
AB WORLD FOODS, UK, ACI GODREJ AGROVET, ADANI WILMAR, AMUL DAIRY, DAAWAT FOODS, ITC, HINDUSTAN UNILEVER LTD, NESTLE, NATCO FOODS UK...ect..
Company website HERE
Promoters holding 49.95 % stake in company, Axtel posted good set of September 2017 results , top line 24.16 cr and bottom line 1.76 cr ,debt equity ratio stands 0.13, sector trading above 32 PE , his stock available just 21 PE , this sector is more important for economy pickup,so investors explore more in this stock you may get clear idea about company for investment. Axtel inds trading only in BSE @ 94.60 level.
Conclusion :- This stock trading very low volume, short term Investors don't rush aggressively.
NOTE : THE ABOVE IS NOT A RESEARCH REPORT NOR A RECOMMENDATION BUT INFORMATION AS AVAILABLE ON PUBLIC DOMAIN.