Wim Plast - Moulding A success Story

What if you come across a company that has been growing at a three - year CAGR of 64 percent in profits , has continued to post brisk growth in the first nine months of FY10 , been a consistent dividend payer since 1998 and generates a dividend yield of over 2 per cent. The company's financial statement is very impressive and has repaid all its debt. The company is also tapping fresh market in eastern and southern regions. It will help to push their revenue further. For FY10 WPL's revenue could be around rs. 129 crore , while profits could be rs 16.45 crore. It is good to buy this stock for long term at CMP of 170 and target price of 221.

Source: dalal street investment journal
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