Scripscan:Shetron Ltd
cmp:25
Code:526137
Story:Shetron is a Bangalore based company. This company caters primarily to two business segments food and dry battery jackets. This company has got two manufacturing plants, which are located at Bangalore and other on Mumbai and Nasik highway. In the food segment this company manufactures metal cans and supplies these cans to foods, dairy products, soups and beverages companies. In the dry battery cell-jackets this company claims to be the largest manufacturer of cell-jackets in the entire South East Asian region. This company supplies to almost all battery manufacturers including Eveready, Novino, Nippo, Toshiba and Fuji.As far as the potential of the business is concerned off late we are seeing a change in the retailing pattern from the neighbourhood stores the focus is now on setting up big retail stores and supermarkets. This will give a big push to the packaging of the product and to the food processing and ready to eat foods which are now been sold in much higher quantities as compared to earlier and the growth in the user segment will help the company grow its business since it supplies a major part of its revenues from the food processing industry.The management is projecting sales revenues of Rs 500 crore within 3-4 years, so one has a company which is trading at a reasonable valuation as of now which has done its financial restructuring few years ago where the potential of the business seems to be good and the fourth thing is that even if we discount the managements estimates by 20-30% it will still mean a growth of 400% from the current levels in the next 3-4 years.
Saturday, October 31, 2009
Important Disclaimer&Privacy policy
This blog does not share personal information with third parties nor do we store any information about your visit to this blog other than to analyze and optimize your content and reading experience through the use of cookies.You can turn off the use of cookies at anytime by changing your specific browser settings.This privacy policy is subject to change without notice and was last updated on 20.3.2013. If you have any questions, feel free to contact me directly here: arunsharemarket@gmail.com
Investment in equity shares has its own risks.Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that I consider reliable. I,however,do not vouch for the accuracy or the completeness thereof.This material is for personal information and am not responsible for any loss incurred based upon it & take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations above.The stock price projections shown are not necessarily indicative of future price performance.The information herein, together with all estimates and forecasts, can change without notice.
