multibagger stock - vardhman industries (BSE)
BSE: 513534 CMP: 52.85
Vardhman Industries Ltd.(VIL) manufacturers GP/GC, under the brand name of OSWAL, in size range of 0.14 mm to 0.8 mm thickness, and width of upto 1250 mm, conforming to all leading national and international specifications.
VIL's pride is its technically advanced Colour Coating Plant, a state-of-the-art facility capable of matching and surpassing international standards, across a range of applications and systems.
The Galvanising Unit installed at Rajpura, Punjab, India, is an INOX Continuous Line, capable of Galvanising 0.14 mm to 0.8 mm thick and 450 mm to 1250 mm wide Steel Coils, Zinc Coating of a maximum of up to 275 gms per sq.mtr., and having an installed capacity of 75,000 tonnes per annum. The Unit is equipped with an online skin pass and stretch leveler mill to produce GPSP, and also has facilities to produce Slit Coils, Plain Sheets and Corrugated Sheets.
Vardhman industries Ltd (VIL) an ISO: 9001 Certified Company which was established in the year 2OOO.
The state of the art manufacturing facility is located at GT Road, village - Beopror, shambu Near Rajpura, Distt-Patiala (Pb) with an annual capacity of production 50,000 mt.
Vardhman today is an established name, internationally recognised as one of the leading exporters of Galvanized Sheets / Coils as well as steel metal sheets (metal steel sheets) from India. It is accredited by the Government of India as a "Two Star Export House". As of today, the Company has established markets in Europe, China, Male, Mozambique, Singapore, UAE, Oman, Iran, South Africa, Malawi, Freetown, Indonesia, USA, Belgium, etc.
The book value of vardhman industries is 71.80. the stock is currently trading at 52.00. EPS for the trailing twelve months is around 13.00. stock is currently trading at very low PE ratio of just 3.78, while the PE of the industry is 25.60 .
Quarterly sales scaled 76, 84, 93 crores during 2010-11 and EPS during this year more than 16. At the P/E of 5, a sound appreciation is expected. one can buy around 50.00 levels for a target of 76.00 in medium term and 105.00in longer term