Flex Foods Ltd:
Code:523672
FV:10
This I am writing because someone asked me whether my call which I gave at mmb at Rs 23/-....is Flex Ind or not?
I get surprised to see someone asking me about co name when I have written very clearly the name......But seems they are not ready to do any work....like going to bse site and write the first 3 letters of co and find it out which co is that......
Where I am more surprised is, it is their own money they are investing and still they do not bother to look at the bsesite......I don't say that one should be able to find everything as much as I can do but the primary things which anyone can do should be done atleast....
OK,I am again posting the text which I wrote at mmb while giving a buy call......
.and Flex Food Ltd has come out with excellent results for Mar 2008.The sales has increased by just 13% but the NP has increaed by 49% , and that means the profit margin has increased.
Go to bse site and check it.
I am just making you all stand on your legs....do it......
Read on:
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 expansion plan 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 c in this sep qr...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 horse in times to come....Currently 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.....
Rajeev
Written at my blog