Tuesday, April 19, 2011



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.38 Crore (out of total sale of Rs.41 cr ) from exports last year  which is an improvement of almost 50 % from previous year. Its total income tripled in last five years where sales improved from Rs.14 Cr to Rs.41 Cr and bottom line from just Rs.7 lac to Rs.2.33 Cr in the said period. In last one year promoters also hiked their stake marginally. Even if the company’s  products are not strictly comparable with the products manufactured by other  houseware manufactures like TTK prestige , Gandhimathi appliances, Kanchan International ..etc  the trend in demand growth is moving almost in the same line based on the consumption story. Chances are also there for expanding the business into the manufacturing of other related housewares where there is large opportunity is available in a country with a population of 120 Crore . Company is expected to close this full year with an EPS of Rs.3/- . In the past two days its share price appreciated sharply but even thereafter it is currently trading with a P/E multiple of just  4 + on the expected full year EPS of FY 2010-11 . 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.14/-


  1. Dear VPJI,

    But the volume is too low !
    I sit comparable with peers?

    Neeraj Sharma

  2. Dear Value Picks, This stock seems to be 50% up in a month. Shall we enter now for further appreciation or will wait for a down turn.

  3. Dear Sir,
    What is ur opinion on AK Capital & Panama Petroleum for long term. Both seems undervalued stocks. Is it safe to enter at these levels

  4. Dear NR

    I am not tracking AK capital.Panama Petro is not bad but the rise in crude price may reduce its margin

  5. dear value pick please let me know should i average rajvir industries as i have bought them at the day high as 208

  6. dear valupick please give your comment on l&t,tata motors,tvs,asian electronics

  7. Dear Mr Rajendra

    Rajvir was recommended to by around Rs.165 and not above Rs.200/-/.Anyway try to average it below 160 if it falls in any case.Please keep more patience while buying low liquid stocks.

  8. Generally not tracking large caps.Avoid Asian electronic if not interested to take above average risk.

  9. who are competitor of tokyo plastic intrrnational


  10. Only strictly comparable listed player is Milton plastic



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