Scripscan:Sacheta Metals Ltd
cmp:24
Code:531869
Story:Sacheta Metals Limited engages in the manufacture and export of aluminum utensils, and stainless steel kitchenware and cutlery India and internationally. The company’s products primarily include rice strainers, tops, butter pots, basins, stock pots, sauce and frying pans, sauce pots, kettles, milk cans, stew pans, tiffins, round and mesh trays, soup and dinner plates, footed bowls, mugs, plain glasses, spoons and forks, non stick cookware, pressure cookers, castings, sheets, and circles. It offers its products under the Sacheta name.For the full year ended March 2011,Company posted a turnover of Rs.52 Cr v/s Rs.45 Cr and a net profit of Rs.92 Lac v/s Rs.62 lacs. At present most of the company's products are low margin items but there is enough scope for expansion into related products with higher margin.Now company is planning to start a manufacturing facility for Aluminium sheets and coils.This backward integration will help the company to save margins to an extent.For the last few months ,promoters are actively purchasing shares from open market .Keep an eye on it which is currently quoting around Rs.24/-.
Source:Valuepick
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