Friends,
I am giving a buy call on Flex Foods Ltd a Uflex Ltd gr co(old Flex Ltd)....
Flex Foods Ltd. is going in for
natural, herbal and formulated products & their derivatives and biotechnology.Originally they are in Vacuum Freeze Dried, Air-Dried, Frozen and IQF (Individually Quick Frozen) product range of mushrooms, herbs, spices and fruits / vegetables, meeting strict quality & hygiene standards.
The sales has almost remained stagnant at Rs 9 cr for the Sep qr ended which was Rs 8.6 cr last sep 06..
but the NP has gone up considerably from just Rs. 79 lacs to Rs.1.38 cr...The NPM(Net profit margin) aslo has increased from...9% to over 15%....
Promoters hold over 59 % stake which shows the confidence of promoters in their co..
1)The co . has gone for expansion programme at Dehradun at the cost of Rs.28 cr inMar 2005, for setting up Air dried (Dehydrated) and Frozen (Individually Quick Frozen) facilities for Mushrooms, Herbs, Fruits & Vegetables..etc... and the same is seen in the increase in the profibility.....
2)Flex Foods Ltd is also having a health care division , in Noida,which will also contribute in sales and profit later in future....
Summary:
Looking at the above parametres it seems that Flex Foods Ltd is on a high growth path and hence can be another dark hoorse in times to come....Cuurenltyt Flex Foods Ltd is quoted at Rs 23 at BSE and almost 100% stocks is going in delivary which also signals that someone is accumalating Flex Foods Ltd.....
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