Xpro India Limited is a diversified multi-divisional, multi-locational company with a strong commitment to the polymer processing industry. It is a leading producer of thermoplastic co-extruded sheets, special cast films and specialty BOPP films. Xpro forms an integral part of India's largest and most reputed Birla industrial house with a global presence in manufacturing and trading activities.
Dielectric Films, a niche growing segment, are specially designed thin plastic films used inside electronic and electrical capacitors.The new line represents Brückner’s state-of-the-art technology, ensuring a high yield of film as low as 3 µm thickness, low energy consumption and minimized production costs. Further, the line is equipped with some technical specialties, which will serve Xpro to produce capacitor films with high flexibility and excellent quality. Xpro’s new unit at Barjora has a capital cost of over Rs. 200 crores and is the only unit of Dielectric Films of its kind in India and located next to Xpro’s existing BOPP films plant, it is largest single investment by the company so far. The new unit has gone into commercial production in March 2015 and operating at 60% capacity.
Xpro products having vast application in consumer durables industry, particularly Refrigerators (a significant client base for Coex Division), Adhesive tape Bakery Products Biscuits Cigarette Overwraps Confectionery Metallizing Potato chips Print lamination Processed foods Salted snacks Supermarket products,Stretch Wrap designed for use in pallet stretch wrap and food bundle over wraps, Soft Blister Film - Specially formulated film for medical disposables packaging, Release Film - Embossed or plain films based on polyethylene tailor-made for use in rubber Tyre & tread and conveyor belting industry, Cast Polypropylene for application in packaging & lamination and stationery products, natural (high transparent) or white and various grades including Heat Sealable, Retortable, Metallisable, Cold Twist Wrap, Embossed and High Stiffness. Hygiene film - Specially formulated cast coextruded film based on polyethylene for use as diaper backing film, in sanitary napkins and in surgical drapes and many more ......
The stock is trading at very attractive valuation by seeing the growth ahead. It is recommended to buy at current price with 2 to 3 year target 100+.
