Diverse ops, strong presence make TTL a good growth stock - vrla batterie
Plastic has replaced the traditional metal and has been applied more and more in all walks of life.
Mumbai Times Technology Co. , Ltd.
The company at headquarters speaks well of this.
Mumbai: Plastic is increasingly being used in all walks of life to replace traditional metals.
Mumbai Times Technology Co. , Ltd (TTL )-
The company at headquarters speaks well of this.
Plastic products produced by the company can be used for packaging, healthcare, lifestyle products, automotive components and infrastructure.
The company was established in 1991 with 6 manufacturing units, 3 in the North, 2 in the West and 1 in the South.
In order to open up the Eastern Market, TTL is setting up a factory near Kolkata.
To meet the need for capital expenditure expansion, the company developed the primary market in June 2007 for RS 124 per share and issued Rs 315.
Packaging currently accounts for the largest share of TTL turnover: almost three-fourths.
TTL is a market leader in plastic packaging, controlling about 76% of the market.
In this area, about 80% of the turnover comes from the sale of plastic barrels.
TTL further consolidated its position by acquiring a 75% stake in its recent competitor --
Tainwala polcontains Limited.
Adventure in bulk container field1,000 litres -
The company has established a joint venture with German Mauser, which holds a 49% stake in the company.
The company also recently launched steel barrels.
TTL also established another joint venture with German Mauser
Mauser Holdings Asia Limited-Singaporebased company.
The joint venture acquired 91.
9% stake in Bangkok
Headquartered in packaging company.
The department will grow by 35%, said TTL's MD Anil Jain, although the division's share is expected to drop to 59%.
The operating profit margin of the Department is close to 20%.
The department contributed about 15%, a large part of which came from the Douro lawn, Douro softness and medovitz.
The furniture was also part of the department, but was hit by cutting.
Jain expects the department to grow by 12% per cent, while its share of total turnover is expected to decline to 9% per cent.
TTL manufacturing counter
Spray cover, radiator coolant tank, fuel tank and air pipe.
Although this segment contributes only 12% of its profits, its growth potential is the highest.
26% Operating profit margin is also one of the best in the department. Anti-
Spray flaps are the main reason for the sector's growth (they account for about 90% of the turnover) as the government has authorized them to be used for new HCV with a capacity of more than 7 years old. 5 HCVs.
The company is currently an OEM supplier for Tata Motors, Ashok Leyland and Eicher cars.
Another area of growth is plastic fuel tanks.
TTL has ordered plastic fuel tanks from Tata Motors for the long-awaited Rs 1 lakh car.
The youngest department, it is the first department in the country to produce cars.
Disabling syringes (can only be used once) contributes only 2% to TTL turnover, and the department also produces blood collection equipment and multi-layer masks.
TTL plans to move into polymer
Based on warnings and safety nets.
During the construction process, it will also be produced for the mesh between layers, providing support for the layers and preventing the layers from drooping.
TTL recently acquired a 74% stake in Hyderabad
Ned Energy Co. , Ltd. , headquartered in Rs 50. 3 crore.
Ned produces VRLA batteries for Telecom.
Jain intends to integrate the battery sector soon and plans to launch this maintenance free battery in the automotive industry.
TTL released very strong quarterly data for September, with sales data of rs186.
RS 5, net profit of Rs 20.
RS 3 against RS 129 and Rs 13 last quarter (June 2007.
We expect the company to grow at the same rate, with a turnover of more than Rs 700 for the current fiscal year, compared to Rs 398 for the previous year.
The current price is RS 965.
5 a shares, the company trades 18 times the FY08 number.
On a very conservative basis, it trades at a gain of 15 times FY09.
Given the strong growth in some of its areas and the price risk of polymers as a delivery, the company is expected to grow rapidly in the near future and be able to become a good growth stock.