High Tech pioneer co available Dirt Cheap:

_Shilp Gravures Ltd_

Ahmedabad based SGL is pioneer and leader In Electro Mechanical Engraving for flexible packaging industry.

This high precision technology involves making of Anilox Roller, Lamination Roller, Coating Roller.

Shilp technology chooses from Chemical Etching, Mechanical Engraving, Electromechanical Engraving, Digital Laser Technology to give wide range of Engraving parameters for varied applications in _fast growing flexible packaging industry_

Financials:

           Q1FY17

Sales.    16.80

NP.            2.13

Equity       6.15

Eps.           3.47

Future outlook:

           FY17E.    FY18E

Sales.    74.        88

NP.         9.10.    11

EPS.   14.80. 17.90

SGL is trading at *6.28xFY17Eeps and only 5.20xFY18Eeps*.
Such low valuations are exceptionally low by any yardstick( In Q4 of FY16, SGL had made one off expense of 2.76 Cr)
Gravure printing is extremely high technology. And at a time when companies with low earnings are commanding irrationally high valuations, SGL undoubtedly a tempting pick

In fact, _some foreign companies keen to buy out promoter at very high valuations but promoter not keen_

TP Rs 175 in 18 months
TP Rs 250-275 in 30 months