Shrenik LtdShrenik Ltd. (1W)
CMP 1.10
*********** DISCLOSURE ***********
Not Buy / Sell Recommendation
Do your Own Analysis
Consult your Financial Advisor before any Investment on my view
Invest only that much which you afford to LOSE
**** I might go Completely wrong on My View ****
52 week High: 1.90
52 week Low: 0.85
- Stock has likely formed a Base
- Short term Moving average lines are moving upwards
- Consolidating in a small Range
- can show good Returns in Medium term
SECTOR : Trading
INDUSTRY : Trading
MARKET CAP : 67.32 cr.
CATEGORY : Small Cap
INDUSTRY PE : 82.08
About Company
The company is engaged in the business of trading of different types of papers in Gujarat and Rajasthan through distribution channel. It offers coated papers, notebook papers, photocopy papers, folding box boards, etc. The company serves customers with variety of papers like copier, maplitho, coated paper, FBB Board and a speciality paper commodity royal executive bond.
Incorporated in 2012, the company is primarily engaged in the business of trading of different types of paper in Gujarat and Rajasthan through distribution channel. Its paper journey began with trading of variety of papers by its promoter Shrenikbhai Vimawala under the flagship of his proprietorship concern, 'Slime Shyam Corporation'. With gaining an insight of the industry coupled with an available opportunity, he converted his proprietorship concern into partnership firm 'Shrenik Tradelink', which was subsequently converted into Company. In 2009 BILT Graphic Paper Products Limited (BGPPL) offered its distributorship to the company. The distributorship was specifically for a Chromo Paper Plant manufactured by BGPPL and but later other products like copier paper, notebook paper were also included. The company geared itself up for the accomplishment of the allocated project and ended up creating number of customers within a span of time. Its work has been honoured consecutively by Performance Award', Category 'B' in the year 2009-2010 and Performance Award Category 'AAA' for a continuous period of Four Years initiating from 2011 to 2014 by BGPPL.
The company serves its customers with variety of papers like copier, maplitho, coated paper, FBB board and a speciality paper commodity royal executive bond. Apart from being the wholesale distributors the company has its own brand named "Shrenik The company plans to include different varieties of paper products under the brand 'Shrenik' like copier, sticker sheets, etc in near future. Apart from procuring paper from local paper manufacturers and traders, the company is also wholesaler distributors of Tamilnadu Newsprint and Papers Limited in Gujarat region, Asia Pulp and Paper in Gujarat and Rajasthan region. The company has association with its suppliers for supply of paper and hence it does not anticipate any problem in procurement.
Business area of the company
The company is engaged in the business of trading of different types of papers in Gujarat and Rajasthan through distribution channel. It offers coated papers, notebook papers, photocopy papers, folding box boards, etc. The company serves customers with variety of papers like copier, maplitho, coated paper, FBB Board and a speciality paper commodity royal executive bond.
