TOKYO PLAST INTERNATIONAL - BUY (REPEAT)

Tokyo Plast International is the manufacturer of “PINNACLE ‘ brand Thermoware products. Company's main products are Thermo Containers,Insulated coolers,Beverages containers..etc. considering the increasing popularity of Pizza Consumption ,recently company introduced  single and double layered Pizza containers .Company having two manufacturing units – one located at Kandla and other at Daman. Company is concentrating in exports and earned an income of Rs.45 Crore (out of total sale of Rs.50 cr ) from exports last year  . Its total income tripled in last five years where sales improved from Rs.14 Cr to Rs.50 Cr and bottom line from just Rs.7 lac to Rs.4.3 Cr in the said period. In last few years promoters also hiked their stake marginally.  Chances are also there for expanding the business into the manufacturing of other related housewares in future  . Company is expected to close this full year with an EPS of Rs.6+  . At current market price Rs.15/-  it is trading at a P/E multiple of just  2.5  on the expected full year EPS of FY 2011-12 . Considering the steady growth of topline  it shows in the past many years and recent efforts to introduce value added new products – which is expected to improve the margins-  Tokyo plast is a suitable low priced scrip for investors with patience . Currently trading both in NSE and BSE at a price around Rs.15/-