Tushar's Stock Tips: Wim Plast Limited – may turn out to be a multibagger!

Saturday, November 26, 2011

Wim Plast Limited – may turn out to be a multibagger!

Wim Plast Limited is one company which has a nice mix of good things - low marketcap, increasing sales, increasing profits, strong brand, high promoter stake, consumption theme, good dividends backed by good management – what else on earth you want for a stock to become a multibagger?

The products of Wim Plast Limited is as under:
1) Plastic Moulded Furnitures - like Tables, Chairs, Storewells in various ranges
2) Cello Bubble Guard Sheets - used for Construction and Packaging activities

Wim Plast Limited has its HO at Mumbai, 2 plants in Daman, one in Chennai and one in Baddi in Himachal Pradesh.

Wim Plast has very recently set up a fusion of technology plant at Baddi imported from Italy – this state-of-the-art plant is first in Asia and third in the world.

While the company faces stiff competition from Supreme Industries and Nilkamal when it comes to moulded furniture, Wim Plast however has the distinction of being a monopoly player manufactures wall panels (Cello bubble guard board

These wall and false ceiling panels are manufactured by Wim Plast and marketed by Vista Plastech across the country. false ceilings (Cello bubble guard ceilings). "These panels, made from 100 per cent virgin poly propylene, are ideal for use in offices, hospitals, hotels, warehouses, malls, homes and industries. Cello bubble guard wall panels have various advantages over other materials like gypsum board as these are water-proof, termite-proof, fire resistant, economical, maintenance-free and easy to install."

Wim Plast has been experiencing all round expansion in terms of revenues, profits, EPS over the last four fiscals as under :

Total revenues -Rs.70 crs+ to Rs. 90 crs+ to Rs.130 crs+ Rs.150 crs + FY08 through FY2011

PAT - Rs. 3 crs+ to Rs.8 crs+ to Rs. 17 crs+ Rs.18 crs+ in bottomline from FY08 to FY 2011

EPS – Rs.5.09, Rs.13.33, Rs.28.35, Rs.30.31 from FY08 through FY2011

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