Tokyo Plast International is the manufacturer of “PINNACLE ‘ brand Thermoware products. Company's main products are Thermo Containers,Insulated coolers,Beverages containers..etc. considering the increasing popularity of Pizza Consumption ,recently company introduced single and double layered Pizza containers .Company having two manufacturing units – one located at Kandla and other at Daman. Company is concentrating in exports and earned an income of Rs.45 Crore (out of total sale of Rs.50 cr ) from exports last year . Its total income tripled in last five years where sales improved from Rs.14 Cr to Rs.50 Cr and bottom line from just Rs.7 lac to Rs.4.3 Cr in the said period. In last few years promoters also hiked their stake marginally. Chances are also there for expanding the business into the manufacturing of other related housewares in future . Company is expected to close this full year with an EPS of Rs.6+ . At current market price Rs.15/- it is trading at a P/E multiple of just 2.5 on the expected full year EPS of FY 2011-12 . Considering the steady growth of topline it shows in the past many years and recent efforts to introduce value added new products – which is expected to improve the margins- Tokyo plast is a suitable low priced scrip for investors with patience . Currently trading both in NSE and BSE at a price around Rs.15/-
Hi ValuePick Ji,
ReplyDeleteHow are you. On every Saturday and Sunday I wait for your blog. Open it several times thruout the day.
I have profited hugely with your advice. My sincere thanks.
MAY GOD BLESS YOU.
Regards Jagat Yagnik
Dear Jagat
ReplyDeleteGoing fine with God's grace.Thanks and wishing happy investing.
In the result of Tokyo Plast for Q2 2012; would be interested to know your take on the increase in the "Other Current Asset" suddenly in this quarter (with corresponding increase in liability) and the auditor observation about the receivables..??
ReplyDeleteI think at least a part of the 2.7 cr is recoverable .Even if the company forced to write off the entire amount ,it is discounted in the CMP
ReplyDeletehi Sir,
ReplyDeletetasty bite is beaten up badly in today's trade. Is it time to re-enter.
Dear Deepak Kumar Prasad
ReplyDeleteTrying to get a clarification from the company about the reasons for a sharp rise in other expenditure in latest quarter.
sir websol is in very cheap rate today. plz suggest at least the future of this stock?
ReplyDeleteSharp drop may be due to the uncertainty about the repayment of loan.
ReplyDeletedear value pick. as soon as u gave buy calls on cochin minerals, haritha seating, tokyoplast international. all were in circuit filter at the opening bell itself. where is the question of buying them. we never get the chance of buying them. i want to know whether u have any other paid groupsd to them u first give buy call and later u post the calls on this website. plz clarify sir,,,,,,
ReplyDeleteDear Mr Balaji
ReplyDeleteIf I have any paid subscription, why I need to hide it.
dear value pick..
ReplyDeletecan we enter in aftek?
Skeptical about the management of Aftek,So no opinion on it
ReplyDelete