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Wednesday, January 11, 2017
SHREYANS INDUSTRIES LTD :- BUY
Today we are looking one more paper stock after huge success in star paper mills,
The company was incorporated in 1979, as Shreyans Paper Mills Ltd, the
name was subsequently changed to Shreyans Industries Ltd. The Company,
has been promoted by well known Oswal family of Ludhiana. Presently, the
company has two paper manufacturing units located at Ahmedgarh (Distt.
Sangrur) & at Banah (Distt. Nawanshaher) in the state of Punjab.
Over the years number of modernization-cum-expansion schemes were
undertaken and the present installed capacity of manufacturing writing
& printing paper, from agro-based raw materials, is 37000 Mts per
annum. Company had been the winner of Best Productivity Awards for
number of years.
Company has also set up Chemical Recovery Plant at both the
paper units. This has enabled to economizing on consumption of chemicals
and simultaneously achieving the prescribed standards of effluent
discharge. In addition, company has total captive cum power
co-generation capacity of about 5.6 MW, at Ahmedgarh unit. However to
augment the total power requirement at Banah power plant with a capacity
of 5MW is already installed. With a view to improve the quality of pulp
and also to save on cooking chemicals, a Continuous Digester has been
installed in both the units. The units at Ahmedgarh & Banah have its
own E.O. Bleaching plant, for the manufacturing of High Bright,
Superior Quality paper.
The company is operating with a wide product mix with well
accepted quality in the market based on non-conventional raw materials.
Major consumers of the company’s products includes Major Publishers,
Copy Manufacturers, Job Printers, Various states Text Book Boards,
Exporters of Notebooks & Diaries, Printing & Stationary Dept.,
Railways, P&T Dept., Security Press etc.
Promoter holding 47.26% stake in company, Shreyan posted massive set of earnings in latest half year ended top line 195 cr and bottom line 10.12 cr with an EPS of 7.31 ( LAST FULL YEAR PROFIT WAS 8.67 CR ), expected full year EPS around 15, stock trading just 7.5 PE in forward.Investor can buy this stock @ current price and hold medium to long term this stock may give multiple return. Stock trading both NSE and BSE @ 113 level.
Before buying any stock take advice from certified person.
Disclosure :- I am holding this shares in my portfolio.