Multibagger paper stock to keep under the radar as company awarded contract for 15.4 MW Solar Power Project to Prozeal Green Energy Ltd
The company has a market cap of over Rs 1,100 crore and has delivered good profit growth of 40.8 per cent CAGR over the last 5 years.
Pudumjee Paper Products Limited has awarded a contract to Prozeal Green Energy Limited to set up a 15.4 MW solar power project. This project will be owned by Pudumjee Paper Products and will generate renewable energy for the company's captive consumption. The project is expected to be completed in the next financial year and will help Pudumjee Paper Products meet its renewable energy obligation and reduce its energy costs.
About the Company
Pudumjee Paper Products Ltd, a company established in 2015, operates in the specialty paper segment, specializing in wrapping, food-grade packaging paper and household & sanitary paper. With certifications like ISO 14001:2008, ISO 22000, ISO 45001, and FSC®c114394, the company is a trusted manufacturer of specialty paper products like glassine and greaseproof papers for packaging, as well as converted hygiene tissue products and FMCG products.
DSIJ’s 'Tiny Treasure' service recommends researched Small-Cap stocks with Inherent Growth Potential. If this interests you, do download the service details here.
The company offers a diverse range of products including crepe tissue and towels, décor grades, food grades, pharma grades, super calendar grades, specialties grades, security paper and writing/printing grades. These products find applications in various industries, such as food packaging, industrial use, medical packaging and more. Pudumjee Paper Products Ltd sells its products on a B2B basis across India, reaching customers directly or through a network of dealers. Moreover, the company exports its products to neighbouring countries and Europe. In addition to its core paper products, the company also markets its hygiene products under the brand name Greenlime, catering to institutional customers. The Chef Smartr brand is specifically designed for professional chefs in hotels, restaurants and catering services.
The company has a market cap of over Rs 1,100 crore and has delivered good profit growth of 40.8 per cent CAGR over the last 5 years. The stock gave multibagger returns of over 170 per cent from its 52-week low of Rs 43.20 per share.
Disclaimer: The article is for informational purposes only and not investment advice.