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Sree Sakthi Paper Mills is currently trading at Rs. 22.40, up by 0.40 points or 1.82% from its previous closing of Rs. 22.00 on the BSE.
The scrip opened at Rs. 22.00 and has touched a high and low of Rs. 22.40 and Rs. 22.00 respectively.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 30.80 on 31-Jul-2012 and a 52 week low of Rs. 18.30 on 16-Apr-2013.
Last one week high and low of the scrip stood at Rs. 22.45 and Rs. 20.50 respectively. The current market cap of the company is Rs. 36.16 crore.
The promoters holding in the company stood at 52.26% while Non-Institutions held 47.74% stake in the company.
Sree Sakthi Paper Mills (SSPML), a Kochi-based kraft paper manufacturer, has started accruing the benefits of modernization from the last quarter of fiscal 2013. By virtue of commissioning a bio fuel-based power plant, the company is now eligible for renewable energy certificates (REC).
SSPML has been accredited by Agency for Non-Conventional Energy & Rural Technology (ANERT), Department of Power, Government of Kerala, since November 2012 and was registered with REC Registry in December 2012. In three and half months up to March 2013, SSPML has accrued more than 2,000 REC valued about Rs 30 lakh based on floor price. Though income from REC, whose floor price is Rs 1,500 per certificate, accrues on monthly basis, the certificates can be redeemed within a period of 2 years from the date of issue.
Besides REC income, SSPML’s operations got a boost from the newly commissioned power plant which generates approximately 8 lakh units in a month. The co-generation plant enables the company to run its factories even during the power restriction / power cut situation thereby least affecting the company’s operations.
As a part of modernization, SSPML installed Krima dispersing system last year, which has enabled the company to make spec free paper attracting customers in the higher market segment. Operationally, the productivity of the company improved to 80,553 MT in fiscal 2013 as compared lo 78,509 MT in the previous year. Another noteworthy aspect of fiscal 2013 operation was the company closed the year with just a day’s stock of finished goods.
| Company Name | CMP |
|---|---|
| JK Paper | 379.00 |
| TN Newsprints | 268.25 |
| West Coast Paper | 644.30 |
| Emami Paper Mills | 109.85 |
| Andhra Paper | 522.45 |
| View more.. | |
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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