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Monday, May 9, 2016
STAR PAPER MILLS LIMITED :- SHINING STAR
Today we are looking into paper products segment stocks for medium to long term investments,
S tar Paper Mills Limited established
is an integrated Pulp and Paper Mill. Starting with 6000 MT/annum,
it has come a long way and produced of 72000 MT in 2008-09. It produces
a wide range of Industrial, Packaging and Cultural Papers catering to
almost all segments of the Consumers. Star has a
distribution network throughout the Country.
The company is a part of Duncan Goenka Group.
The Mill located at Saharanpur, U.P., has 4 Paper Machines producing a wide
Range of Products
catering to different segments and meeting varied requirements of the
Star paper mills major client includes Hindustan Unilever, Eveready,Century laminations and Green Play.
Promoter holding 53% stake in company, Star paper mill posted good set of 9 month results net profit 11.25 cr and sales 199 cr sales, expected give better results in full year 2015-16.Book value around 30, EPS forward 11 stock trading @ just 3.5 times PE ,sector PE around 17, this stock trading very low PE , investors take advantages for this stock for medium to long term view , now market are more focus on recently good results given this sector stocks.
Stock trading both NSE and BSE @ 37 level, investor can buy this stock@ current price and hold for good return, this is low risk high return stock.
Before buying any stock take advice from certified persons.
Disclosure:- I am holding this stock in my portfolio.