Fiberweb India
Screener
|
18 Mar 2018
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Topline
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Expected To increase as capacity expansion in progress
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Operating margin%
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@ 14% To increase
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PE
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@ 10 Expected to be flat or increase to 15
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capex
Starting FY19, Fiberweb's MBNF projects can add nearly Rs 60 crore annually to the company's turnover (at full utilization rate of 90 percent). Furthermore, Rs 125 crore wants to be expended on setting up a PFN factory in FY19,
margin
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Mar-18
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Mar-19
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Mar-20
|
|
Trading
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12%
|
85.0
|
100.0
|
100.0
|
PSNF
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15%
|
150.0
|
150.0
|
150.0
|
MBNF
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22%
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20.0
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60.0
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60.0
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PFNF
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30%
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0.0
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0.0
|
220.0
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Profit before tax
|
37.1
|
47.7
|
113.7
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share capital
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1.4
|
1.7
|
1.7
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No of shares
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2.9
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3.4
|
3.4
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EPS without tax
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12.9
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14.0
|
33.4
|
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EPS after tax
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9.0
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9.8
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23.4
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Share Price on 18th March
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125.0
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|||
Projected PE before tax
|
9.7
|
8.9
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3.7
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Projected PE after tax
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13.9
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12.7
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5.3
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Positive of the company
- · Timely delivery
- · Good quality
- · Good customer relationship
- · Being a technical fiber
- · Its competitor in India is Golden Nonwovens (Jindal Company)
- · MBNF & PFNF machines come in small capacity of 3k so big players are not interested in get into this. PSNF comes in big capacity of 18k, 25k etc ..
- · In process to do listing in NSE.
- New Horizon has taken the equity @ 180 in Jan 2018
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