Indian Toners & Developers Ltd.

Indian Toners & Developers Ltd.

Value Research

Screener

18 Mar 2018
Topline	Expected To increase the capacity has expanded
Operating margin%	@ 22% To remain flat or increase by few basis points if its US operations perform.
PE	@ 15 Expected to be flat or increase to 20

Oct 2017: http://www.indiantoners.com/pdf/Issue91EN1710-Indian%20Toner%20Story.pdf

Sep 2017: https://www.youtube.com/watch?v=6pKBdAzzsOE

Apr 2015: http://www.drvijaymalik.com/2015/04/q-indian-toners-and-developers-limited.html

Feb 2014: http://www.indiantoners.com/pdf/recycle-times-cover-story-on-itdl.pdf

FUTURE OUTLOOK AND PLANS as per 2017 Annual report

Your Company foresees a good scope for the export of its products. It is mainly cater to the needs of North and South America. In Florida, it has become operational since June 2016 as these have been the untapped markets so far. However, there is still a great deal of uncertainty in the foreign currency market. However, the results are not as expected.

Efforts are on the way to developing more products of toner and your company is hopeful to achieve the desired results with the help of the research team. Some other products have been added and upgraded during the year. The Management of your Company is actively exploring opportunities to invest in some new projects and other activities as part of a diversification plan.

·         Promoter shareholding increased by 20% to 70% in Dec 2017 because of amalgamation of the subsidiary company.

·         GST should be beneficial to the company

·         This industry is very price sensitive.

Mar 2018