Scripscan:Jaysynth Dyestuff (India) Ltd
cmp:20
Code:506910
Story:Jaysynth Dyestuff (India) Ltd. engages in the manufacture and marketing of reactive dyes, pigments, and digital ink products. The company’s products include reactive, disperse, vat, and solvent dyes; pigments; and solvent, reactive, and disperse inks. Jaysynth principally serves textiles, plastics, printing ink, and paint industries. The company markets its products primarily in the United States, Canada, Italy, Holland, France, Germany, Switzerland, Belgium, Egypt, Spain, Portugal, Greece, Turkey, Australia, Japan, South Korea, Taiwan, Hong Kong, Indonesia, China, and Singapore.The size of Indian dyestuff industry is estimated at USD 4 billion and it holds about 7% share in global market. India has emerged as a global supplier of dyestuffs and dye intermediates. The dyestuff market is highly fragmented with high concentration in Maharashtra and Gujarat. There are about 50 large and medium players and over 900 small scale manufacturers. The per capita consumption of dyes is very low in India compared to the developed countries. The textile industry is largest end user of dyestuff. The Indian textile industry accounts for 4% of gross domestic product. It is estimated to expand significantly and this will provide opportunities to the dyestuff industry to grow and add value in the expanding market of fashion, formal and leisurewear garments.The Company was able to sustain its business performance and registered a positive growth in sales last fiscal. The Company remains a zero debt company with no long-term debt. The Company has created a benchmark in efficient management of working capital.Company's total sale grew from Rs. 8641.60 lacs to RS.9377.44 lacs. Company's Export grew from Rs. 5609.22 lacs to Rs. 6190.96 lacs. Exports contributed 66.02% of total sales revenue.Last fiscal Company's plant at Patalganga & processing Unit at Taloja had smooth operation. The Company's activity in digital ink is making good progress.Company is recognized in the domestic and international market as a reputed quality ink manufacturer. With a strong R&D the Company is now further developing new digital inks for various segments like textile printing, outdoor flex printing and paper etc.The promoters of the company have been buyers which provides confidence.The future seems bright for the company.At present prices its a good hold.
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