Sunflag Iron & Steel Co. Ltd
Sunflag Iron and Steel Co. Ltd one of My Old Recommendation Near 52 Rs. CMP : 84++ (Old Recommendation Link: http://www.freestockanalysis.in/accumulate-sunflag-cmp-52-25/) Still Looking Attractive
Sunflag Iron and Steel Co. Ltd. is a prestigious unit of the SUN FLAG GROUP. The plant is located in the central part of India at Bhandara, Maharashtra & it is 70 Kms from Nagpur. The plant has a capacity to produce 360,000 tonnes per annum of high quality special steel using liquid pig iron and sponge iron as basic inputs.
The main processes at the plant are,
– Iron making (Mini Blast Furnace, Sponge Iron Plant, Sinter plant).
– Steel Making
– Continuous Casting
– Rolling Mills
– Heat Treatments
– Bright Bar Making
– Quality Assurance
Within a short period of its inception in 1989, the SUNFLAG STEEL has established itself as a major global force. Started as a Spring Steel producer, the company today produces variety of steels. Carbon Steels, Alloy steels, Free & semi free cutting steels, Micro-alloyed steels, Stainless Steels, Spring Steels, Valve Steels, Bearing Steels, Cold Heading Quality Steels, Tool Steels, etc.
The profiles are Round Bars, Round Cornered Square, Round & Hexagonal wire Rods, Hexagonal straight bars, Flats, Bright Bars (Peeled/Drawn/Ground bars) etc.
Sunflag Steel produces majority of the Steel for Automobile use in Engine, Drives, Transmissions, Suspensions etc. applications. Sunflag Steel also supplies steel to Indian Railways, Ordnance Factories, General Engineering & Power sectors.
Sunflag Iron & Steel Co. Ltd. has collaboration with Daido Steel Co. Ltd., Japan from 2010. The association is useful for process & Quality enhancements, New Grade Developments, Localization of Indian Steel by the Automobile companies, Continual Improvements, etc.
Apart from catering to the Domestic steel requirements, Sunflag Steel also exports to South East, Middle East, European countries, United States etc.
The Steel is produced using 100% Iron ore as a basic raw material input. No scrap is sourced from outside.
The steel has very low tramp element contents & free from Radioactive or other harmful & hazardous contamination.
Sunflag Steel is ISO 9001, TS 16949, ISO 14001, OHSAS 18001, AD-2000-Merkblatt WO certified & ISO/IEC 17025 approved Testing laboratories by NABL.
(Source : Company's Official Website)
Anual Result of Company
Market Cap.: 1,524.66 Cr.
Current Price: 84.60
Book Value: 44.41
Face Value: 10.00
52 Week High/Low: 90.90 / 34.00
Only Long Term Investor invest in this Gem