Saturday, September 20, 2014

NEO CORP INTERNATIONAL LTD (523820) :- A UNKNOWN GEM

DEAR FRIENDS,

   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.

12 comments:

  1. thanks for your recommendation sir, what's your view on indiabulls wholesale, rathi graphics and logix micro systems

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    1. Ibwsl is not a bad one,other stocks not tracked.

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  2. Is the promoter holding percentage and pledged Promoter shares a matter of worry.

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    1. Promoter holding increased quarter on quarter in June 2013 promoter holding 13.56% latest quarter 23.99%, and pledge is come down from 80% to 69%. Much more important is company is good profit making in several years. Check in www.bseindia.com website.

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  3. Dear Sir,

    I liked Bharti Agri and entered into it after your recommendation. I believe it is very undervalued stock and should be a value buy at the current price. I need your opinion about one more company called Omax Autos from auto ancillary sector. This company has 1000 cr turnover and available at just 100 cr market cap. This has very strong asset base and book value. I believe this can be a value buy at this level.

    Regards,
    Jay

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    Replies
    1. Omax auto bottom line is a concern npm and opm are very low, I am not closely watched omax auto

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  4. which is better neo corp or omnitex?

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  5. in neo corp lot of pledging of ppromoters shares seen , give your views regarding this. pradip mehta.

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  6. Hello Sir,

    Do you track Jayshree Chemicals? They are getting 212 Cr with sales of CAD division to ABCIL and this company current market cap is just 40 Cr. I believe this can be a value buy.

    Regards,
    Jay

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  7. Sir from 26 levels when you suggested this on 20th Sep today after one month it is down to 20.80 levels.

    Any idea why is this going down and down. Is it still a buy on every dip.

    Pls suggest

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    Replies
    1. Yes long term investors can buy @ current price

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