Q3 FY'15 Result Updates - Ricoh India, Gulshan Polyols, Dynemic Products, Plastiblends Ind, Control Print and Swiss Glascoat

I will be coming up with a discussion on new stock in next week mostly, as the study is not yet over.

1) Ricoh India:
Another fantastic set of numbers by the company, where they showed a very good growth on topline and more importantly, turnaround in profits. We had a good discussion about the numbers in comment section of last post especially by totalview.
It seems that failure of delisting proposal, proved to be a boon for investors like us, and it is likely to continue its performance, which is evident from some of the links shared below
Ricoh India to open 15 experience zones
See RICOH India’s profit margins at 15-20% over next five years: Manoj Kumar, EVP & CFO
HCL Learning Enters into a Strategic Partnership with Ricoh India
The stock has already turned into almost a 10 bagger since its first discussion on this blog. Because of heavy rally after the results, it may show some sideways movement but over period of time, it is still not a bad option.

2) Gulshan Polyols:
Once again, we have a company, where the results exceeded the expectations of many, and it was evident from the rise seen in stock price after results. The stock has risen almost 40% since the company came out with excellent results.
The company posted highest ever sales with a growth of 39%. On top of it, net profit rose by 64%.
As per press release, export of two turnkey Onsite PCC and WGCC projects to Bangladesh also contributed to PAT.
Company's Brand TIGER GOLD Whisky and Rum is being well accepted by the consumers in the state of M.P. Company has also registered another Brand GOLDEN DEER Whisky and Rum. It has plans to launch many brands in this segment to increase the volume,
Even at this appreciated price, the company is still trading at around P/E of 10 based on possible earnings for FY'15, which still leaves plenty of scope for them to grow in their market cap.

3) Dynemic Products:
Drop in export sales led to mild decline in sales yoy. which was highly unexpected from the company which has delivered pretty good growth so far. Such unexpected numbers led to a heavy drop in stock prices, and it proved to be a fact that the decline in price even before the results was on account of some informed investors/traders, who might have had a brief overview of coming results.
In an update later we saw that the Company has undertaken and completed the expansion project in Unit I for manufacturing Sodium Naphthionate and N.W. Acid which are also basic raw material for the Company's product. The commercial production of this expanded plant has been started.
The project might help company improve their margins further.
Somewhere, I always have a feeling that just 1 bad quarter, can't be conclusive of company's future. Let's wait for annual numbers coming next quarter, and then decide.

4) Plastiblends Ind:
Nothing so positive, nothing so negative about the numbers posted by the company. Absolutely flat sales as well as net profit. However, with company likely to post an EPS of more than 20 this year, the valuations are not quite expensive in my opinion.
On the positive side, Plastiblends India is investing $10m in a new factory in Gujarat.
The company have already procured the land and within a year the plant would commence production. The factory, in the city of Surat, would likely start with 30,000 metric tons of annual production, with the ability to expand to 100,000 metric tons, likely within five years.
Also, the company is targeting a fourth masterbatch production facility, in the eastern city of Kolkata. That facility will have a capacity of 15,000 metric tons a year.
Overall, I am still positive on the company.

5) Control Print:
I think lots of areas of discussion regarding Control Print has already been discussed in the original post as well as in comments section of various post.
So, just talking about numbers, it was another good performance by the company, where it showed the sales growth of 18% and net profit growth of 25%. It has kept on posting such growth consistently, and doing so going ahead, will certainly lead to further rise in stock price, in spite of tremendous run up in past 1 year.
Another positive from the company seen with the fact that company has paid an interm dividend, which means we can expect dividend twice this year. For such a small organization, this is certainly a good progress. Still positive on it.

6) Swiss Glascoat:
The discussion on the company has been recently initiated here, and unfortunately the first set of numbers after that has not been good. The company saw a decline in sales as well as profits, which is not good to see. However, as discussed in the post, there are lot many positives about the company, which forces me to wait for some more time, before taking any decision on change in position. Because of such poor set of numbers, the stock price has come down to levels when it was first discussed here after almost 40% rise. However, investors with some risk potential can certainly consider this company after looking at the overall data.

Happy Investing!!!