Puneet resins (bse..526492)

CMP...30.90


Puneet Resins Limited was incorporated in 1984 in the State of Maharashtra. The company has its Registered Office at Bombay and factory at Satpur MIDC, Nasik.

The company is a public limited company listed on the Bombay Stock Exchange. It has received ISO 9001:2000 Certification and has been a pioneer in introducing various grades of rubber compounds in India. Currently its products are exported to various developed markets across the globe.

Puneet Resins has been producing high quality products through innovation, development and improvement meeting each customer's requirements.

The Company has been manufacturing Rubber & PVC Compounds which have specialised properties such as oil resistance, flame retardancy, ozone resistance, fuel and solvent resistance, etc. These compounds are used to make products such as petrol hose, LPG tubes, footwear, auto parts, protective clothing, seals, conveyor belts, etc.


"Vulcanol" (Vulcanised Vegetable Oils) is the trade name encompassing a wide variety of vulcanized vegetable oils. These materials are produced by the reaction of vegetable oil with sulphur or sulphur monochloride. The "Vulcanol" range offes a wide choice of grades that can perform as processing aids, extenders or as a plasticizer for rubber base formulations.
Applications

Printing rollers and blankets

Eraser Compounds

Rubberized fabric

Open cured profiles and hose

Sponge & cellular goods

Tubes and profiles

Rubber Threads

Seals, O-rings, Gaskets & Packing


FINANCIALS: A small cap company with a Mcap of 15.60cr

Revenues have grown from12.41cr to 61.64cr and NP from 0.36 cr to 5.94cr for the 5 years ending March 2012.Net profit margin shot up from2.92 to 9.60 and debt / equity ratio remained a meager
0.02.The company paid a dividend of 17% giving a dividend yeild of 5.71%.The recent quarter saw a drop in NP by almost 50% to 0.75 cr mainly because of the slow down in the economy,variations in the raw material prices and exchange parities. Book value stands at 33.94.
The Ministry of Commerce and Industry, Government of India vide their certificate dated August 06, 2012 has granted the status of EXPORT HOUSE in accordance with the provisions of the Foreign Trade Policy 2009--2014 to the Company for a period of 5 years, w.e.f. April 01, 2012 to March 31, 2017.

--------The company is featured in the Forbes Asia's Top 200 List of "Best Under A Billion $" Company" in AUGUST 2012---------

A GOOD BET FOR THE LONG TERM AT Rs.30.90