Hindustan Tin Works Limited : Buy at CMP of 57-60 : An excellent invetsment stock for long term investors

 

About Hindustan Tin Works Ltd 

Hindustan Tin Works Ltd (HTWL), a leading Indian "metal can" and "metal end" manufacturer providing a wide range of metal cans and ends for Dairy Products, Infant Formula, Edible Oils, Tea, Coffee, Motor Oils, Medicines, Pesticides, Chemical and Paint Industries etc. The company is also one of the emerging global player in the metal ends sector. Major Indian Customers: Nestle, GSK, Del Monte, Amul, Reckitt Benckiser, Heinz, DS Foods, Jumbo international,

A company that supports growth through long term partnerships with major multinational brand owners and can makers across the word, with exports currently corresponding to about 33% of manufacturing sales and  "ends" being exported to 29 countries like USA, Australia, France, Italy, Netherlands, Malaysia, China, Africa, UAE, South America etc. 

HTW in its "ends" plant has successfully manufactured more than 4 billion world class quality ends of which 1 billion have been exported, while also been accredited as a “Star Exporter” by the Government of India, is a great achievement in itself.

Financial Performance: Company has achieved turnover of approx. 243 crores for the nine month for year ending March 2015 and expected to achieve 325 crores with an EPS of 9.6 stock is available cheap at PE multiple of 6.5 current valuation of 57-60 .

Company has a consistent dividend paying record.

Long term investor should consider buying at current levels for target price of 150 in 2-3 years