WIRES AND FABRIKS - An Unnoticed Player

Wires and Fabriks (SA) is an unknown and unnoticed
company among investor fraternity over a long
period of time.This company is established at Jaipur
in 1963.Company’s product list includes Industrial
Synthetic Fabrics, EDM Wire, Wirecloth,
Conveyor Belting, Dryer Screens, Bronze Wire Cloth,
Paper Making Chemicals, Paper Machine Clothing ..etc.
Company is working with a technical collaboration with
Hutter and Schantz of Austria.Wires and Fabriks is the
first ISO 9002 certified wire cloth manufacturer from
Asia and exporting its products to more than 25
countries. A major portion of company’s income coming
from paper industry which is growing at a good pace.
Company is the first one introduced double layer
forming fabricks in India .Company is growing at a
steady pace in last many years.At present company is
going through an expansion cum modernization programme
which is expected to improve its performance going
forward.Since the open market purchase of promoters
led to a mandatory open offer ,in the last financial year
company came out with an open offer at Rs.71/-.

In FY 2009 ,company posted a turnover of Rs.66 Cr and
a net profit of 3.46 cr with an EPS of Rs.11.30/-.
Effect of growing demand and expanded capacity
will be reflected in the financials going forward. At CMP of
Rs.110/- WIRES AND FABRIKS(SA) is a decent long term pick