Scripscan:Anil Products Ltd
Bse code:532910
Cmp:60
Story:Anil Products Ltd., erstwhile known as The Anil Starch Products Ltd., located in the city of Ahmedabad is one of the oldest and largest corn (maize) wet millers in India.It is part of the LALBHAI GROUP; a group that plays an important role in the
commercial, cultural and educational development of the city of Ahmedabad andGujarat in general. The LALBHAI GROUP is an Indian multi national operating fromvarious locations in India and abroad.Anil Products Limited (APL) was established in the year 1939 by the Late Shri Chinubhai Manibhai Sheth in the name of The Anil Starch Products Limited (ASPL) and subsequently its name has been changed to APL by virtue of a recently concluded restructuring exercise. Anil is one of the oldest and largest Corn Wet Milling (CWM) Unit in India, producing a varied range of starches from basic Maize Starch to Modified and Specialty Starches and related down stream products like Dextrose Monohydrate, Anhydrous Dextrose, Corn Syrup, Sorbitol, amongst many others. Anil has grown from 1 ton grind per day to 450 tons per day and currently produces a complete range of starch products. Plans for further expansion are under way to raise the capacity to 1000 tons per day by March 2006. Anil is a pioneer in the introduction and manufacture of various starch based products for textile, food, pharmaceutical, chemical, paper and other industries in India. Anil was the first manufacturer of products shown in Bold face. Over the years, Anil realized that it has the opportunity to take an early mover advantage and decided to develop new applications of the existing product range and also new products, so as to climb up the value chain. This involved a considerable investment in terms of developing and building up strong research and developmentcapabilities and also focusing on new market development while launching the new value added products based on newer applications. Thus, the last decade can be truly described as a phase of development, through intense R & D efforts put in by the company essentially for development of new product, new applications and new markets. It can be stated that Anil is today the largest producer of modified starches in the country.Anil is expected to report bumper numbers going forward.Its quoting at single digit PE its forward earnings.Considering all these its a great buy.
Sunday, September 20, 2009
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