Scripscan:English Indian Clays Ltd
Code:526560
cmp:500
Story:English Indian Clays Ltd, established in 1966, operates China Clay mines in the southern most state of India, in lush green Kerala. The company's clay mining and refining operations center around Trivandrum where the processing plant produces several grades of refined Kaolin (China Clay - both Spray Dried and Rotary Dried), Metakaolin and Calcined Kaolin (clays) to cater to the Paper, Paint, Rubber, Plastic, Fiberglass, Cement and Ultramarine industries.A Thapar group company, EICL is market leader in mining & processing of high-end clay and manufacture of starch in the country. The Rs 300 crore company has in the past registered a slow growth in revenues and still slower growth in earnings. The economic slowdown weakened the demand for company's products. However, if the company's performance over the last four quarters is any indicator, the company is likely to bounce back with strong growth.The company has been a big lagard in this rally so far.With investors looking for safer and better bets,English india may just find ample takers going forward.A decent bet at lower levels.
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Tuesday, December 8, 2009
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