Today we discuss market crazy sector like containers&packaging stock. This stock is unknown stock for investors in a decades, it become a good potential to grow in future.
NEO CORP INTERNATIONAL LTD(NCIL) is started small woven sack factory in 1988 now become a large integrated globally acclaimed TECHNICAL TEXTILES MANUFACTURERS.
Company provides services in PACKTECH/AGROTECH/GEOTECH/HOMETECH/END USER SOLUTIONS. Packtech products are used in storage carriages and protection requirements of industrial,agricultural and other goods. Agro tech products used in Horticulture shade nut and ropes etc.
Technical Textile is growing sector in globally NCIL is a 38cr equity company having 24% promoter holdings and 0.45% fii holdings. Company's products well demand in India and gglobal, company subsidiaries are : M/S.EURO PLAST (UK),M/S.POLY LOGIC INTERNATIONAL PVT LTD, POLY BASE(HK) ECT. Details of company click link :- http://www.neocorp.co.in/
Last year company given sales of 599cr with 19.73cr net profit an EPs of 5.19, opm is 11.75, book value of 67.11. Sector trading PE OF 26 this stock trading at just 5 is really undervalued to peer group stocks.
NCIL trading in NSE AND BSE at current price is RS26 is 60% below it's book value. It is really unknown gem in Indian stock market. Investors can buy this gem at current price for medium to long term their portfolio.