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Friday, January 1, 2010

Lawreshwar Polymers Ltd:Buy/sell/hold,growth prospects and recomendation,news and results,target price and analysis,views and outlook

Scripscan:Lawreshwar Polymers Ltd
cmp:8
Code:532829

Story:LAWRESHWAR POLYMERS LIMITED (LPL) was incorporated as a Private LimitedCompany in the year 1994 with the object of manufacturing of canvas shoes,lightweight hawai chappals & EVA Injection footwear. The status and name of thecompany was changed to public limited company Lawreshwar Polymers Limitedw.e.f. 27.05.1996. The Company is promoted by Shri Raj Kumar Agarwal alongwithShri Mohan Lal Agarwal and Shri Naresh Agarwal. The Company commenced itsproduction on 11th May 1995 with an installed capacity of 45 Lac pairs per annumand within a span of one year it had been successful in achieving envisaged resultsand able to establish an effective sales network in Rajasthan as well as other states.The Company has successfullyestablished its brand name “LEHAR” in the market ithin a very short period. At present the Company is having an annual installed apacity of 75 Lac pairs of Hawai Chappals, 12 Lac pairs of Canvas shoes and 9.87 ac pairs of EVA Injected footwear. The Company manufactures a variety of footwear ike light weight fancy slippers, PVC and TPR footwear, synthetic leather chappals in ddition to Hawai Chappals and canvas shoes. The Company is proposing to diversify ts product line by manufacturing of U.LAWRESHWAR POLYMERS LIMITED H1 of current fiscal it has earned net profit of Rs. 0.36 crore on a turnover of Rs. 15.17 crore against net profit of Rs.0.27 crore on a turnover of Rs. 11.26 crore for corresponding previous period.For entire 08-09 the company earned net profit of Rs. 0.15 crore on a turnover of Rs. 28.36 crore.STOCK IS LOOKING GOOD FOR LONG TERM INVESTMENT.

Source:PT

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