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Thursday, March 25, 2010
PIRAMAL GLASS -MOVING TO PROFIT
Piramal Glass (Formerly Gujarat Glass) is a company de-merged from Nicholas Piramal Ltd in 1998.Later it merged with Kojam Finvest ,a BSE listed company from the same group and changed the name to Piramal Glass Ltd. This company is a leading global manufacturer of flaconnage (glass containers) for pharmaceuticals, foods & beverages and cosmetics and perfumery industries. The Company is also the largest producer of nail-polish bottles globally, with more than 30% market share.Company has manufacturing facilities in India, Sri Lanka and USA and it markets its products to more than 54 countries.It has two plants in India at Kosamba and Jambusar in Gujarat and three in US and one plant in Sri Lanka. Company is growing at a very good pace and the end of political problems in Sri Lanka is expected to improve its sales in the years to come.For FY 2009 company posted a turnover of 1030 Crore and a a net loss of Rs.107 cr. In August 2009 company came out with a massive Rights Issue and its share capital is now stands at Rs.80 crore.Using this funds,company cleared a large portion of its debts which were a major dampener in its profitability .Latest financial results for December 2009 qtr clearly indicates the effect of reduction in debt and improved business prospects.Company posted a profit of Rs.11 cr for Dec qtr as against a loss of 38 cr posted in the same qtr of last year. Investors with sufficient patience can take exposure in this Nicholas Piramal Group company at CMP of Rs.78.
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Gujarat Glass
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Piramal Glass
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Piramal Group
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Scrip touched upper circuit,thanks for the reco.
ReplyDeletedear value pick,
ReplyDeletefrom past 3 Quarters, Sales were not that much increased but its good figure. And the sector will be hot in the coming years, because we will have 80% of Indian ppl mid class with more and more youths using such type products surely increase its top line.
Can u let me know where you get balance sheet data ?. because i verified the figures some are not matching, like turnover and loss. Please let me know :)
To get an accurate picture,better to contact with the C.S as far as possible.
ReplyDeleteDear Value Pick,
ReplyDeleteDid not get the "C.S" ? Sorry :)
Please let me know.
Thanks for replying/
oh ,god another 10% upper freezzz
ReplyDeleteDear Sir,
ReplyDeleteWhat is your opinion about Nakoda Ltd? Is it a good stock to buy for investment purpose? Please reply.
Sorry ,At present i am not tracking any stocks from textile sector
ReplyDelete