Tokyo Plast International Ltd Detail
As per the Company website it is one of the leading Manufacturer, Exporter and Supplier of variety of insulated utility containers.It has two manufacturing plants at Kandla and Daman. The Kandla Plant specializes in Insulated Water Jugs, Cooler boxes and Ice Chest and the Daman Plant Specializes in Insulated Casseroles and Food Warmers.
The head office is situated in Mumbai. It is recognized as Star export house by Government of India. It has bagged top exporter award in Thermoware for last four years. It exports to over 75 countries including U.S.A, Latin America, Germany, France, Belgium, Spain and many more.
The brand PINNACLE is registered and the designs are patented in more than 50 countries including the US.
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.
Tokyo Plast International Ltd Stock Performance
The stock has traded at level of 7 in year 2002.It had slow rise over the years signifying better performance with time which helped stock move slowly towards positive direction. The next 11 years Company had slow movement towards upwards. The major jump started after year 2013 as stock inched close to 50 mark.
It zoomed past 150 mark in bull market run in next two years. As of now it has given close to 7 times return if you consider current price and 2002 price. The dividend yield is also close to 1% at current market price.
Tokyo Plast International Ltd My Opinion
Tokyo Plast International Ltd is a Plastics company. But it has specific product of Thermoware utensils. This is unique operating space. The Company specializes in it and manufactures products targeted at different consumer base in this segment.
I have mentioned before that I like small companies having niche product. The company also has Patent for designs which will give it advantage over other players trying to cash in opportunities in this segment.
Thermoware utensils are in demand and will continue to grow. The reason is simple. People require these products to maintain temperature of food items. Working professionals and travelers are increasingly using these products for food preservation. With increase in this class of people will drive demand of these products. The sector looks good. I am invested in plastics sector. But I will track this Company as it looks promising.
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.