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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
Disclaimer : We are / may going to take exposure
shortly.
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