Wires & Fabriks (S.A) Ltd Multibagger 3 yrs time frame 250 Rs Long term investment
- Wires & Fabriks (S.A) Ltd a niche company in manufacturing of wire fabrics for industries was started in 1963.
- The company is specailized in Forming Fabircs,Woven Sryer Screen,Spiral Dryer Screen,Pulp Fabrics,Stainless stell mesh,Phosporus broze mesh.
- The company has spent close to 13 million dollars to modernize the plant whihc help the company to enter into new areads like SSB Forming Fabrics
- The commpany was awarded the ISO 9002 in 1994 first in the country and later upgrade to 9001:2008.Its also the first Company to have inhouse R&D facility approved by govt.of india
- The company has technical collaboration with Albany International which help it develop world quality paper chemicals.
- The Profit after tax has increased close to 100 % yoy and total income has reached 100 Crores from 50 cores 5 years ago.
- Also the company gives 18 % yoy dividend which is good for investor.
- Overall we are very confident on the Management and Company and we expect the "Made in India" Story take this stock to new highs.
- So we suggest the investor to invest in this company with targert Price of 250 Rs in 3 Yrs timeframe.
