Paper Products - 509820

Name of Company	Paper Products
BSE Code	509820
NSE Code	PAPERPROD
ICICI Code
Established
My Take	Like
Headquarters
Promoters	Huhtamaki (One of world's largest packaging company based out of Finland)
Story	Unilever, Nestle, Cadbury and Colgate are its customers. FY is from Jan to Dec.
Sector	Packaging
Sub-sector	Flexible and hard packaging
Website	http://www.pplpack.com/
Positives	Regular dividend payer(for the last 60 years),can expect 3% dividend yield at current prices. Promoters hold 64%, none pledged. HDFC AMC owns over 4%. Near zero debt. Regularly profit making company. Good reserves at 240 Cr.
Negatives	Around 5 % NPM. Not much growth can be expected in revenues and profit.
Peers
News
Price @ blogged	60 (9-Oct-10)
Cost of company	376 Cr market cap for a FY09 profit of 37 Cr makes it around 10 times. There is not much upside as this company does not have any growth plans.