Tuesday, October 23, 2018

Tuesday, October 9, 2018

Tinplate Company of India Ltd ( TINPLATE ) - A MultiBagger, Buy/Sell/Hold, Growth Prospects and Recommendation, News and Results, Target Price and Analysis, Views and Outlook, Hot Stocks/Picks



BUSINESS SUMMARY :The Tinplate Company of India Limited (TCIL) is an India-based producer of tin coated and tin free sheets. The Company manufactures various grades of electrolytic tinplates, tin-free steel sheets and full hard cold rolled sheets (FHCR) used for metal packaging. The Company's product range includes Electrolytic Tinplate (ETP) line and Cold Rolling Mill (CRM) products. The Electrolytic Tinplate line products include single reduced tinplates, Open Top Sanitary Cans (OTSC), tin free steel and double reduced tinplate sheets. The CRM products include hot rolled pickled coils, full hard coils and temper rolled/double reduced (Dr) coils. The Company's works is located at Jamshedpur, Jharkhand and has over 11 offices in India and a distribution network with approximately 20 stocking points.
Sector Update: Production of Tin ( Non-Ferrous metal ) is in increasing Trend after a slump in the industry. We are expecting huge consumption of Tin material in packing for Oil, Wines and other items.
Valuations: Tinplate Company of India Ltd is now Trading at 2.1x of its EPV. Cos. Is growing at rate of ~17% with ROCE 12% & ROE 11%. Its Best Price at X1 EPV to Past Reference  arrives at ₹128.10
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