This award is given out to any Tata Group Company for Surpassing 600 points for the first time, out of a total score of 1000, which signifies the company as an emerging industry leader.
Expects to achieve a turnover of 1000 crores in FY 2008.
Present equity base of 28 crore (2.8 cr shares of rs 10). Price rs.55.
Market Cap at Rs. 150 crores, cheap in one sense, but expensive in
the other sense since its not making profits to justify over and above this.
Only worry is optionally convertible preference shares 1.12cr*100 each.
Prospects of this industry looks good on account of environment friendly
packaging, safety for food pacakging and new tin can culture developing.
Adding lot of FMCG companies to client base and targeting huge growth.
Tin plate has started a solution centre recently to grow above value chain.
Expects to expand its operations to West and North India to capture more biz.
INTERESTINGLY, TIN PLATE CAPACITY 4 LAKH TONES P.A IN 2008 &
CORUS ALSO HAVE TINPLATE DIVISION 15 LAKH TONES P.A.
Can it be another Indian Multinational in making? Not yet convinced myself. So, Basant Sir and members, Kindly help me to arrive at a conclusion
about this company. I believe equitydesk, the great source of knowledge, will
guide me in the right way.
Regards
equitykid
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