#TPLPLASTEH - INVESTMENT PICKABOUT
TPL Plastech Ltd is engaged in the business of manufacturing polymer-based industrial packaging products like Drums and Jerry cans. It caters to customers in industries like Chemicals, Petrochemicals, Specialty Chemicals, Plasticizers, pharmaceuticals, FMCG, Food Products, etc.
KEY POINTS
Product Portfolio
Narrow Mouth Drums: Used for storing liquid chemicals and lube oils with capacities ranging between 210-250 liter
Narrow Mouth & Wide Mouth Carboys: Used in Specialty Chemical and Adhesives industry for storing semi-liquid powder and paste type products with capacities ranging between 25-120 liter
Open Top Drums: Used in Dyestuff, Food, Pharma industry for storing packing powder, paste type, semi-liquid and solid products in capacities ranging between 35-235 liter
Customer Profile
The company caters to 250+ customers in various industries like Chemicals, Petrochemicals, Specialty Chemicals, pharmaceuticals, FMCG, etc. Some notable customers include Gulf, Godrej Industries, Aarti Industries, Dabur, Valiant Organics, Jubilant Lifesciences, Amul, KLJ Group, etc.
Manufacturing Facilities
The company has a capacity of 28,000 MTPA across 6 manufacturing facilities in India. The manufacturing facilities are located in Ratlam, Vizag, Silvassa, Bhuj, Uttarakhand, and Jammu. Production in Bhuj, Ratlam, and Vizag facilities was started in 2020.
CapEx
The Co. is setting up a new manufacturing unit in Silvassa for manufacturing small packaging products with capacities ranging between 50 ml to 10 liters as Value Added Products to serve the existing customers in the segment of Pharma, FMCG, Food, etc. The Phase-1 investment of the project was 8 crores and the project was commercialized in Oct 2021.
During FY21, Co. has also incurred a CapEx of Rs. 3.8 Cr towards automation & de-bottlenecking at existing plants
Promoter
The company is promoted by Time Technoplast Ltd which is involved in the manufacturing of technology and innovation-driven polymer & composite products. It holds a 75% stake in TPL Plastech.
PERSONALLY EXPECTING 300__500% ROI NSE:TPLPLASTEH
Valuestock
M_M | Stable stock, looks good for 35% upside?Weekly Chart - Broke the previous solid resistance and stable upside now.
CMP : 590
SL : 550
Target : 800
Beautiful 1:5 risk reward setup. Looks good for accumulation, since it is weekly pattern it may take few weeks to month to reach the target.
I love F&O stable stocks like this which respects proper support & resistance , so that we can create some option strategies and maximize the profits additionally.
(P.S : Previously shared this stock few weeks ago but for some reason it is deleted so posting again)
GODREJCP | Strong and value stock - Getting ready for 30%GODREJCP | Strong and value stock - Getting ready for 30%
CMP : 736 (We are tracking from 670 zone - ref chart is attached below)
SL : 680
Target : 970
1:7 risk reward setup - Cane take several weeks to reach target as it is weekly candle analysis.
MEGH | Low beta stock - Looks good for 60%MEGH | Low beta stock - Looks good for 60%
I see RSI negative divergence but a strong demand zone is near by it could be an excellent buy on dip opportunity
CMP : 85 (Dip 75 & 70)
SL : 67
Target : 125
1:5+ risk reward setup
MOTHERSUMI | Flag opportunity for 12%MOTHERSUMI | Flag opportunity for 12%
CMP : 157 (Any dip towards 150 is an excellent buying opportunity)
SL : 146
Target : 175
Simple 1:4 risk reward setup.
COALINDIA | Somebody waking up this Kumbakarnan (Sleeping Giant)COALINDIA | Somebody waking up this Kumbakarnan (Sleeping Giant) that under performed last 7 years !
Whether or not we have low risk and high probable INHS pattern here 😃
CMP : 146
SL : 130
Target : 180, 215
1:4 risk reward (Based on second target)
WELCORP | Breakout and retesting the zoneWELCORP | Breakout and retesting the zone
CMP : 114
SL : 110
Target : 130 (Calculated based on swing length) it has potential even to go up
1:4 simple risk reward setup, this stock is fundamentally strong one aswell. Even if stoploss hit continue to track the stock for next upmove.
(5% circuit limit stock)