Scripscan:Swiss Glascoat Equipments Ltd
cmp:35
Code:522215
Story:Swiss Glascoat Equipments Ltd is a company engaged in the manufacture of glass lined equipment and spares. Today, the company has emerged as a front-runner of the domestic glass lining fraternity with the help of its trend-setting products and services by catering to industries as diverse as dyes & pigments, pharmaceuticals, food processing chemicals, pesticides, intermediates, resins or any other conceivable corrosion-prone operations in chemical processing.It has an equity base of Rs.5 cr. that is supported by reserves of about Rs.10 cr. The promoters hold 43.51% stake as on date which has seen a hike of .2% in the past few quarters showing the faith of the promoter in the company.Banco Products, an auto ancillary giant holds 87,700 shares in this company.It is a regular dividend paying company that paid 12% in FY09 and 17% in fy10 but increased it to 20% for FY11. This shows that the company is investor-friendly and its promoters are hopeful of a bright future. At the current level, the stock is available at a forward P/E multiple of just 5.In an uncertain market, the Swiss Glascoat stock is a good buy at dips for attractive dividend yield as well as decent capital appreciation in the medium to long term horizon.
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