Indian Toners and Developers Limited (ITDL), is an ISO 9001:2000 Certified 17 years young company.ITDL is a leading manufacturer of compatible black toners for Photocopiers, Laser Printers, Digital Machines and Multi Function Printers. ITDL is an entrepreneurial venture founded by Technocrats with an highly automated Swiss/German plant with a capcity of 1200 tonnes per year
ITDL has recently formed a subsidiary by the name of ITDL Imagetec Limited which will have a production capacity of 1200 mt for the manufacturing of Toners & Developers. The new manufacturing unit is located at Sitarganj in the state of Uttrakhand and will be operational from the first Quarter of 2008,thus enhancing the total capacity of ITDL to 2400 mt.
Research and Development has been the cornerstone of ITDL success. Backed by a pilot plant and know-how assistance from Japan, ITDL is well equipped to develop a wide range of toner products to meet the emerging needs of the market. Raw materials are sourced from world-renowned manufacturers in Japan, Germany and The United States of America.
Being the First Company of its kind, ITDL thus came onto the Indian business scenario as a pioneer in this highly technical field and since then has established itself firmly as the leader in the domestic market with the single largest market share. ITDL has the most widespread network of dealers numbering 500, which is constantly growing,With its Head Office based in New Delhi, ITDL has 13 C&F Agents catering to the needs of various States in the country.
Having established itself as a pioneer in the domestic market, ITDL exports Toners and Developers of best quality standards for use in various international brands and models of Photocopiers, Laser Printers and Digital Machines to more than 32 countries in the world. The Government of India has awarded ITDL for its “Excellence in Export Performance” for 3 consecutive years after which it again received the same award in 2006. ITDL has also opened its representative office in Zhuhai, China. ITDL USA was incorporated in the year 2004 as a wholly owned subsidiary of ITDL India. The company also has a representative office in Singapore as well as sole distributors in U.A.E and Singapore.
Company’s Financial performance has been improving over the years:
Scrip Code : 523586 Company Name : Indian Toners & Developers Ltd
Financials reproduced from BSEINDIA
With market capitalization of just Rs. 20 crores at CMP of Rs. 24, the scrip appears highly underpriced, especially when one considers the highly technical nature of its operations, highest quality of its products and the leader status in the domestic market.
With capacity getting doubled from next year, EPS will take a quantum jump to RS. 10+ and share price should touch RS. 75 level in a year time .
Buy is recommended with atleast one year HOLD to see a price of Rs. 75
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