I was recently considering investing in Flex Foods Ltd. The company is part of Uflex group engaged in producing flexible packing products. Flex Foods as a company is engaged in dried products which are sold into international markets mainly, USA, Europe. Some quick numbers,
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P/E ratio of the company is 9.57 FY 15 earnings
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Sales has grown @ 16% CAGR since 2011
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EBITDA Margins @ 26.5% is very impressive
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The ROCE looks decent too and the company has very low debt
I am still looking at the market size for frozen foods in the US markets, competition for this company etc. but any thoughts on the same would be helpfu
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