Scripscan:Universal Starch Chem Allied Ltd
cmp:17
Code:524408
Story:Universal Starch-Chem Allied Limited engages in the manufacture and sale of starches and their derivatives, and liquid glucose and other by-products primarily in India. The company’s products include maize starch powder; unigel, a pregelatinised starch; liquid glucose, utexlose, a thin boiling starch; white dextrin, a hydrolyzed starch; unisol, an oxidized starch; dextrose monohydrates; dextrose anhydrous; dextrose syrups; maltose corn syrups; caramel, a food color; maize germs; maize germ oil cakes; maize gluten, a high protein substance; maize refined oils; oxidized starches; cationic starches; esterified starches; and amphoteric starches. Its products are primarily used in food, paper, textile, pharmaceutical, and confectionary industries. The company also involves in wind power generation.Starch Industry has a very bright future and with national G.D.P. rising it offers an immense opportunity for development in its application in various user industry.The company has returned to black in fy11 and has reported a profit of 2crs vs a mere 25 lakh in fy10.Revenues too increased to 128crs in fy11 vs only 90crs in fy10.Company is further expected to perform well in the coming quarters.Keep the stock in your radar folks.
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