Vardhman, a leading textiles group in India ventured into manufacture of Acrylic Fiber & Acrylic Tow in 1999. End products are used in apparels & house hold uses.
The company has set up a 18000 TPA Acrylic Staple Fibre and Tow production plant. The world class wet spun technology for the manufacture of Acrylic fiber / Tow has been sourced from Japan Exlan Co. Ltd., Japan. It is a state of the art, highly automated production facility making it amongst the most advanced plants of its type in the world.
Vardhman Acrylics with parent vardhman group is a probable multibagger as a value pick because it is direct supplier to a sister company Vardhman Textiles which has monopoly with its product. With huge cash lying around in books Vardhman Acrylics has very high RoCE making it an extremely attractive business.
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RoCE : Return on Capital Employed (Effective)
PAT(Avg.) : Net Profit after tax ( Average )
CMP : Current Market Price
MoS : Margin of Safety