India toners and developers

Just identified this one ......


The Company manufactures Compatible Toners for Photocopiers, Laser Printers and Digital Multi-function printers.

More than 90% of the Company’s sales is through exports though increase in the selling prices of its products is constrained due to tough competition in the international market

ITDL Imagetec Limited (subsidiary of ITDL) has completed its expansion to increase its manufacturing capacity from 1200 MT to 1800 MT

Small cap at 76crs even lower than consolidated Mar15 topline

Debtfree company

Reasonable valuations : P/E 7.61, PEG 0.42, P/BV. 0.95

Reasonable growth ratios : topline 15.2% CAGR and profits 18%. ( 3 yrs)

Return on equity 15.28%

No dividend payouts