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Tuesday, January 5, 2016
SHETRON LTD (526137) :- VALUE BUY
Today we are looking in to Containers & Packaging segment stock for medium to long term portfolio investors.
LARGEST MANUFACTURER OF CELL-JACKETS IN THE ENTIRE SOUTH EAST ASIAN REGION
Bangalore based Shetron caters primarily to two business segments - food and dry battery jackets. This company has two manufacturing plants. In the food segment, this company manufactures metal cans and supplies these cans to food, dairy products, soups and beverages companies.
In the dry battery cell-jackets this company claims to be the largest manufacturer of cell-jackets in the entire South East Asian region. This company supplies to almost all battery manufacturers including Eveready, Novino, Nippo, Toshiba and Fuji.
The Shetron group commenced operations in 1969 with Fiber Foils as its
first company. During the last 3 decades, the Group has attained the
position as the most preferred supplier to a
large number of leading organizations. The main company Shetron Ltd is
listed on the Bombay Stock Exchange
and it has been catering to international
clients and meeting their stringent quality requirements for several
Promoter holding 64.38% stake, and company posted 86.5 cr top line and 0.95 cr bottom line in latest half year results (last full year bottom line was 0.74 cr ). 160 CR SALES WITH 44.15 BOOK VALUE COMPANY IS TRADING JUST 36 CR MARKET CAP. STOCK TRADING ONLY IN BSE @ 44.50 LEVEL , INVESTORS CAN BUY @ CURRENT PRICE AND BUY MORE IN CORRECTION (IF ANY ) FOR MEDIUM TO LONG TERM.
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