Cmp Rs 65
The company operates through its alcohol and marine divisions. Besides rectified spirit, the alcohol division has its strategic business unit of IMFL, which has operations existing in West Bengal, Orissa and The North East with a portfolio of nine brands. It has its manufacturing and bottling plants located in West Bengal. The Noorpur distillery has an installed capacity of 50,000 liters per day based on molasses and started commercial production of grain spirit in September 2007. The company facilities have been approved by Mohan Meakins for their Old Monk and Solan No. 1 brands.
Share Holding Pattern : Total Promoters 53.23, Public & Others 30.55, Non Promoter Corporate Holding 13.45
The marine division caters to both the domestic and export markets. It supplies marine products like shrimps, ready-to-fry products including Prawn Pops, and has feed trading activities. The processing unit is located in Kolkata, West Bengal with an installed capacity of 2,520 MT of marine products. In FY07, the company increased its export sales by 35% and the domestic business by 42%. The company meets the HACCP and USFDA norms and exports to Japan, Europe, USA, Australia, UAE, and Thailand among other countries.
Already recommend at CMP of Rs 65/-..52 week high of Rs 169/-. Has a multibagger Potential.
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