Acquisition was done on 6-May. This is not new. Also consolidated results could be expected in year end. Jauss Polymer at the time of acquisition was around Rs.15 and now it is 23. My views are management neutral. I would like to see the nos. and on Half yearly basis P/L looks fantastic. On Balance sheet side does not look extra ordinary but decent.

1. Increase in Long term borrowing could be price of acquisition built in. Not sure ?
2. Good Improvement in Current Liability section.
3. Management has 73.66% holding still
4. All three plants in Tax free zone
5. Trade investment in Jauss Polymer is up 50%.

It would be in their best interest to merge Jauss Polymer with In Pack as they have 74% holding here and cost of operating / filing 2 cos. But these are wild guess. Lets see. Philosophy is

I got nothing to lose, much to gain.

av_30.

The half yearly result has proven that company perform with consistency they are able to maintain opm above 12% reduced finance cost and debt even though small they are started paying dividend there is no reduction in promoter holding or pledge as of today the important thing is friends
See the SALES GROWTH IN 3 yrs > SALES GROWTH IN 7 yrs and PROFIT GROWTH IN 3 yrs > PROFIT GROWTH IN 7yrs and ROE > 15% and ROCE > 15% DER< 0.5 CURRENT RATIO> 1 NET BLOCK > NET BLOCK 3 yrs back the ROA> ROA 3 yrs back once DONALD explained this theory for Aarti drugs if I remember correctly but this fits this company very well now if they are able to maintain the historical topline growth of 30% even over next two years or assuming the growth at evn 10% we are talking about 370 cr Rev and at opm of around 12/13 EBITA of around 40/45 cr over fy/16/17 I attended the AGM in Kolkata they are decent guys but yet not aware of PRO hence awareness is lacking otherwise it is good they are able to explain about the growth prospects but not willing to dilvulge many details as to whether Mr ayush has bought or not it does not make a difference if the company fundamental is maintained the same way and top line improves than we can see some value generation in the share price

Their Balance sheet looks to be in a mess! Look at the increase in debt and receivables

Results are out . Sales up 22% from 3.38 Cr of Q2 LY to 4.11 Crs this year.Co seems to be investing for the metro project scheduled for completion by Sep 2017 .EPS 0.1 vs 0.14 .

1. Long term Borrowings increased to 14.17 Cr in Sep vs 7.72 Cr in Mar.
2. Short term Borrowings increased to 5.48 Cr in Sep vs 1.65 Cr in Mar
3. Trade Payables has decreased to 3.39 Cr in Sep vs 11.85 Cr in Mar
4. Inventory moved up to 10.48 Cr in Sep vs 7.24 Cr in Mar
5. Drs has come down to 11.14 Cr in Sep vs 13.44 Cr in Mar
6. Cash in hand 4.7 Cr in Sep vs 8 Lac in March

Balance Sheet Size at 28 Crs (Rs.46 per share ) . Cash in hand equals current m'cap ! Land with current market value between 30-60 crs not priced in.

As expected stellar results from Laopala today, they contnue to grow as per management's earlier interviews. They plan to grow by 25% or more on YoY & I see them doing much better. The sitarganj facility is starting day after tomorrow on 16.11.2015 & we may see its positive impacts as early as annual results. It has stood well in recent times despite major indices & markets having tough time... As results are better than expectations, I see LaOpala moving above 735 or above with little support from markets which is likely to stabilize or turn positive from current levels ... Happy Investing