I have recommended " FIBER WEB (INDIA ) LTD " @ 115 level recently , stock now trading around 125 level, today company posted stellar set of half year results. Investors can reconsider this stock @ current level due to company's EPS projections and management commentary.
Below is the summary of the company :-
Fiberweb India Ltd. engages in manufacturing spun bond nonwoven roll
goods and other articles of plastics that caters to the Hygiene,
Agriculture, Medical Industries. Incorporated in the year 1985, the
company's office is based in Daman and Diu. The promoters holding in the
company stood at 55.51% The company currently has a strong order book
and its capacities are fully booked till March 2017 -
Fiberweb India is engaged in manufacturing and exporting of Non-Woven
Spun Bonded Polypropylene Fabric across the world. It is a 100% Export
Oriented Unit (EOU) with 75% of the products exported (25% deemed
export) to countries like USA, UK, Europe, Australia, New Zealand, South
Africa and Middle East countries. .One of the units of the company is
set up for manufacture of Non Woven Spun Bonded Polypropylene Fabric.
This fabric has diverse applications, Hygiene usage cover stock for baby
diapers, sanitary products, etc; Agricultural usage crop covers, ground
covers, etc., Medical usage medical madeups, bed linen, etc., and other
applications like filtration medium, industrial work clothing, head
covers, disposable table wipes and mats, etc. In India Company supplies
to Multinational Companies Johnson & Johnson India Ltd. and
Unicharm India Ltd.
In last one year onwards company coming with impressive top and bottom line , recently company won big export order from USA
The company estimates FY17 full year revenue growth 18-20% and an EPS of Rs 14/-per share.
Old post HERE