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Tuesday, December 29, 2015
BIOPAC INDIA CORPORATION LTD (532330 ) :- VALUE BUY
Today we are looking in to Plastic Products manufacturing sector stock for medium to long term investments,
"BIOPAC INDIA CORPORATION LTD"
India's Largest Food Service Disposables Manufacturer
Biopac India Corporation Limited pioneered the manufacture of disposable
dinnerware in India. Today it is the market leader and the largest
manufacturer of food grade polystyrene foam dinnerware and food service
products in India. Its world-class products are backed by intensive
research and manufactured at its state of the art manufacturing
facilities near Mumbai.
Over the years, Biopac has expanded its product segments beyond
disposable dinnerware to include kitchen foil, foil containers and
polystyrene foam boards. And it has been consistently ranked the market
leader in each segment.
The Company’s main business is “Food Service Disposables”. "Biopac" is continues to be market leader in India.
During the year Company has successfully completed erection of new project for manufacturing of Food storage container at its factory situated at Silvassa. The commercial production of these new products commenced on April 2015.
These Food Storage Container are manufactured in India for the first time,through unique process of thermoforming , which gives the company ability to do mass production at extremely low cost.
All Biopac products are made from materials approved by FDA as suitable for food contact purposes.
Promoter holding 49.65% stake in company, Biopac posted 0.66 cr bottom line and 26.5 cr top line for latest half year ended 2015, (last full year company posted 0.88 cr bottom line ) .Global commodity price falling is a positive for this stock . BIOPAC is trading only in BSE @ 17.70 level, some risk taker investor can buy @ current price and hold medium to long term portfolio.This one stock can give good return in investors portfolio.
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