Kisan Mouldings Limited Stock Research

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Kisan Mouldings Limited Detail

Kisan Mouldings Limited is in portfolio of Vanaja Sunder Iyer. He is one of the top investors in India. The company belongs to Plastics and Pipes sector. 

As per the Company website it is one of India’s largest plastics companies, processing around 50,000 metric tonnes of polymer each year. In general the Company makes pipes and fittings for Water Management, Irrigation, Water Distribution and Sewage Disposal Systems. It also manufactures Custom Moulded Articles and Moulded Furniture.

Below are different product categories from the Company

  • Plumbing System (CPVC, UPVC)
  • Composite Piping System
  • Draining System
  • Irrigation system
  • Rain water harvesting system
  • Pipes
  • Fittings
  • Furniture
  • Solvent Cement – Used to join two or more pipes or join a pipe to a fitting or a fitting to a fitting
  • Rubber lubricants -Lubricating the elastomeric or rubber ring used in Ringfit or Pushfit type of PVC pipes
  • Ghamelas – Recyclable home utensils
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The Company is present in most parts of India except East India. It has some marquee names in its client list like Voltas, L&T, Brigrade Group etc.

I have shared long term price performance chart of the Company below.As per Dow theory of technical analysis price performance over a period of time reflects Company state.

Kisan Mouldings Limited Stock Performance

The long term price chart does not present very rosy picture for investors. Though people have made money in this counter. This is one positive thing for investors. But it has not been great wealth creator for investors in long run.

The stock has traded below 50 for most part of its run. Only time it decisively traded above 50 is in year 2016 and 2017. As of now it is in correction phase and prices again dived back to 50 levels. This shows that the Company has not performed consistently in long term. The incremental positive performance was missing.

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Kisan Mouldings Limited My Opinion

Kisan Mouldings is a Plastics and Pipes Company. It has wide range of products catering housing materials, Agriculture sector and House hold items as well. So it can be termed as one stop solution of Pipes need of a Person as well as Company. It is an old established brand as well.

Pipes was a unorganized sector in India few years back. But slowly many companies are catering this sector and there is growing competition to eat into market share of each other. The organized sector is eating into unorganized sector as well as rubber and concrete pipes.

I would recommend analyzing other companies which I have already analyzed before making a decision about this sector. Personally I am not invested in this sector and not willing to invest as of now.

In case you are interested then you can track the company by adding it to your stock watch list. That way you can keep close eye on the Company.

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