Vesuvius India is a part of U K based COOKSON groupand one of the largest manufacturer of Refractories in India .
In 2008 Cookson aquires foseco hencetwo companies (Vesuvius India and Foseco India) are
operating in India under the same parent. But the product line
of these two companies are different and
are not competing each other. Vesuvius
refractory products,flow control systems and services.
These products are used by steel manufacturers using the
continuous casting process for manufacturing steel.
Since most of the steel producers have switched to this
technology company’s products are in good demand and the
increase in steel production due to the revival in core sector will
help the company a lot in future.Cement,glass,foundry and
petrochemical industries are also using company’s products.
Company’s main plants are located in Kolkatta and visakapatanam.
Strength of parent and its leadership position in refractory
products with strong R&;D is expected to help the company
to add more products to its portfolio.Company has posted
a turnover of Rs.364 crore and a net profit of 37 crore last
year.company’s year ending is in December .Next financial year
Vesuvius is expected to perform even better mainly because
of the improvement in steel production where its products
are used.Vesuvius is an excellent MNC company available
at a P/E of just 13 which is at the lower end for a
company like this.CMP is Rs.251/-
Dear Value Pick,
ReplyDeleteWhats you take on Shree Precoated Steels Limited
may consider,not much downward risk.only negative is SEBI's recent action on Ajmera Reality.Difficult to say whether the promoters are also involved with operators.
ReplyDeleteThanks Value Pick, Appreciate your views :)
ReplyDeletegood info for most of the stock that you have recomended...appreciate the work....
ReplyDelete