Tuesday, May 11, 2010

SANGAL PAPERS 


 
Paper prices are ruling steady and it is expected to do
so in near future. So there is a strong chance of
re-rating in the price of the paper manufacturers
from current level. Sangal paper is a small un-noticed
player in paper segment. Company’s plant is located at
Meerut in UP.Though this company is small in size,
it is present in almost all varities like Newsprint,
writing ,colour paper..etc.For the full year ended
March 2009 ,company posted a turnover of Rs.58 crore
and an EPS of Rs.9/- .Company is expected to post
an EPS of Rs.13/- for the full year ending March 2010
on its tiny equity base of 1.3 crore. At CMP of Rs.17/-
it is trading at a P/E multiple close to just 1 .
Nothing to lose.
Posted by VALUEPICK at 8:24 PM
Labels:

2 comments :

  1. AnonymousMay 11, 2010 at 11:32 PM

    There is nothing to gain either when there are not enough volumes being traded. Few hundred bucks if not thousands, is what one can make at most in this type of counter.

    ReplyDelete
  2. MaheshMay 12, 2010 at 9:29 AM

    Dear Anonymous,

    Invest in Company not in Volumes :).

    ---------------------------------------

    Dear Valuepick,

    May i know your views on TNPL ?.:)

    ReplyDelete

Subscribe to: Post Comments ( Atom )

Followers

Tweet TopOfBlogs