TIIL a silent but steady performer

2023年1月6日

TIIL has five main business verticals being Drum Closures, Scaffolding systems, Cotton Yarn, Fabric, Garments and Tower Division... it has announced a buy back of Rs. 150 crores representating 6.13% of the paid up equity share capital for eligibile investors being shareowners as on december 30, 2022 in the register of the company...the scrip is thinly traded with promoter holding 75%, Institutinal holding 6% and 19% or about 71 lakh shares with retail....I have been tracking this company since 2017 and am of the opinion that it is a fairly diversified company being a good proxy for Indias manufacturing growth story...

High Promoter Ownership (low free float)
ROCE of 22% ROE of 22% Book Value of Rs. 600

Although it is doing buyback, it has not been delaring dividends for past 5 years, that is one issue but buback makes up for it proving profits are real...

2023年3月15日

交易結束：目標達成