Scripscan:Amco India Ltd
cmp:25
Code:530133
Story:Amco India Ltd. (Amco) was incorporated in the year 1987 as Amco Vinyl Pvt. Ltd. and later changed its name to reflect the other product areas that the company ventured into.The company started its business activities by setting up a plant for the manufacturing of PVC films and sheeting at Noida. The project was financed by PICUP & UPFC. Later, the company set up another unit for the manufacture of PVC Flooring.Thereafter, in 1996, the company decided to get into manufacturing of Aluminum Foil by Cold Rolling Process. The company today has four units - two located at Noida in close proximity to each other, one at Bhiwadi (Rajasthan) and the other at Baddi (Himachal Pradesh). The company currently has manufacturing operations in three states - U.P, Rajasthan and Himachal Pradesh.In the Aluminium Foil business, the company caters to the Pharmaceutical, Automobile and Packaging industry. The company claims to have a market share of around 7.5% to 10% in the business. In the PVC Films and Sheeting business, the company has executed orders for Automobile & Luggage industry. The company sees potential of the product in various applications including Electric Tape industry, Luggage, Automobile and Stationery. However, the inputs for the business being linked to Petroleum prices, any increase in Oil prices will adversely effect the business.The company is continuously carrying out new product and application developments/ innovations. The company has developed Surgical Films for Pharma industry and Laminated Sheets which have applications in the Advertising industry. The company has also developed printed rolls which are fixed on Glass to give them better look (Like Frosted Glass, Printed Glass).The company with manufacturing operations at 4 locations, with Sales with Revenues from Manufacturing Sales many times over its market cap available at a PE of single digits looks undervalued.Long term investors can accumulate the stock at the current levels and on declines.
Search This Blog(Over 800 companies covered in the blog).
Archives : Old artciles
Tuesday, November 17, 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.
