P G Foils Ltd - 526747

Name of Company	P G Foils Ltd.
BSE Code	526747
NSE Code	PGFOILQ
ICICI Code
Established
My Take	So-So
Headquarters	Ahmedabad
Promoters	Pankaj Shah, Abhay Shah,  Atika Shah, etc along with promoter companies hold 51%
Story	Aluminium companies need a lot of electricity. They buy part of the energy and have installed diesel power generators and wind mills. Out of the 130 Cr spent, 112 Cr is for raw materials.
Sector	Aluminium
Sub-sector
Website	http://www.pgfoils.com/
Positives	PE is at 4.64 considering trailing 4Q NP. Dividend yield is 1%. Promoters hold 51%, with no pledges. Sales have increased from 116 Cr to 153 Cr from FY07 to FY11.
Negatives	Dividend is not regular – paid 1 rupee in 2005, 2008, 2011.  Website is still under construction. Company has manageable but big debt which can bring down profitability. Suddenly in FY11 balance sheet they have a bank cash balance of 37 Cr. Profits have not been consistent.
Peers	Hindalco, Nalco, Century Extrusion, Maan Alum
News
Price @ blogged	95.7 (22-Jan-12)
Cost of company	77.52 Cr market cap for a 10.05 Cr NP in FY ending Mar ' 11 makes it 7.71 times. This is for a company with 56.04 Cr debt and 68.72 Cr reserves
Group	Cyclicals
Growth	Bottomline is wavering due to variations in Aluminium prices. They are a normal growth, wavering profits company.