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Friday, October 21, 2011

Fenoplast Ltd:-Buy/sell/growth prospects and recommendation,news and results,target price and analysis,view and outlook,multibagger

Scripscan:Fenoplast Ltd
BSE code:526689

Story:Fenoplast Limited manufactures and sells poly vinyl chloride (PVC) leather cloth and PVC film products in India. The company’s PVC leather cloth is used in domestic upholstery; in automobile upholstery for cars, two wheelers, and tractor seats; and used in ladies sandals, gents footwear, children shoes, sports shoes, ladies bags, leather lining, and garments. Its PVC film products include PVC soft clear films used in the stationery applications, electrical insulation tapes, and safety glass lamination for automobiles; PVC soft opaque films that are used for car automotive interiors and in stationery applications; PVC blister pack films used for tablet and capsule packaging, as well as consumer goods, such as shaving products, pens, toys, and confectionary products; and PVC rigid films that have applications in stationery, playing cards, and ready-made garments packing. The company also exports its products to Bahrain, Caribbean Islands, Chile, Cyprus, Bolivia, Eritrea, France, Costa Rica, Germany, Kenya, Kuwait, Holland, Madagascar, Maldives, Mauritius, Mozambique, Namibia, Saudi Arabia, South Africa, Tanzania, the United Arab Emirates, the United States, the United Kingdom, Zambia, Sri Lanka, Singapore, and Ethiopia. It is one of the largest manufacturing of PVC leather cloth, while its other product Non-toxic rigid PVC film for blister packaging, meant primarily for pharmaceutical industry and rigid and soft PVC films for stationery demands very good market in India. Fenoplast is exporting 30% of the production to 28 countries across the globe, which suggests that the company manufacturer's quality product as per the international standards.With its more than decade old experienced management and all the units of PVC Leather cloth, PVC films operating at more than the capacity,punters expects a price of Rs 40 in 1 year's time.

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