Milton Brand: Mktcap 28cr:
*MPL Plastics Ltd*
Mumbai based MPL Plastics has 2 mfg units ( Pune and Silvassa). MPL sells it's plastic wares and thermoware products under *MILTON* brand. It's Product range includes:
Flasks
Casserole
Tiffin
Water Bottles
Water Jugs
*Milton in fact was 1st co in India to introduce 30 years back thermowares by developing in house Technology and became household name*
2015-16
Sales. 31cr
NP. 2.17cr
Equity 12.50cr
Promoter. 31%
Despite being one of the oldest and strong brand, MPL has not grown and continues to be a small company
Considering its assets (2 factories) and _valuable Milton brand_, current Mktcap appears very very small
Of late, there is hectic activity at the counter and nearly 1 lac shares delivery everyday
Is MPL take-over target?
Low risk High Reward opportunity
Investors may either lose 20% or can gain 100-200% in next 9-15 months
No comments:
Post a Comment