Wednesday, March 9, 2011

Multibagger : Vimal Oil & Foods Ltd. CMP 69 ....BUY FOR 2-3 YEARS .

The Vimal Group is conglomerate of 19 group companies.
These thriving companies broadly cater to seven categories: Edible Oils, Dairy, Micro Minerals, Electricals, Engineering, Ceramics and Real Estate.
The Group's flagship company Vimal Oil & Foods Ltd is also one of the most successfully publicly listed enterprises.
Vimal Group has crossed 1500 cr. turnover in financial year 2008-09 and aims to reach 2500 cr. mark by 2012 .
Vimal Oil & Foods Limited (VOFL) is an India-based company. The Company has three segments: Integrated Oil Division, Powder Plant and Wind Mill. Its product range includes oils of cottonseed, groundnut, soya, mustard and palm. VOFL is the flagship company of the Vimal Group .In 1992, the group started Vimal Oil & Foods Limited for manufacturing Refined Edible Oil & De-oiled Cake. Looking at the abundance of raw material and demand of edible oils Vimal brand was introduced. In North Gujarat rapeseeds and mustard seeds are available in bulk & consumption of edible oil is high.
Cottonseed, Groundnut Oil & Rapeseed oil were offered under this brand name. Due to acceptance and growing popularity of the brand, the company planned an expansion. For this public issue in March 1994 was offered. One of the critical objectives of the issue was to part finance the project for setting up a 200 TPD Solvent Extraction and 150 TPD Edible Refined Oil Plant. The Company has at present a 150 TPD Refinery, 200 TPD Solvent Extraction Plant & 200 TPD seed Crushing facility at the oil-processing complex.
PROMOTERS HOLDING 65.13%

No comments:

Post a Comment