MM Rubber , with mm FOAM brand is in the business of making quality mattresses, pillows and cushions.Its a part of the large business conglomerate( MRF Ltd. ) with state-of -the- art manufacturing and R & D facilities located in South India.The Latex Foam Rubber division started in 1958, and today MM Rubber has Pan India presence with 350 dealers, 12 marketing offices and 5 decades of experience . MM Foam is the undisputed brand leader in latex foam segment..
A turn around driven by booming demand and co’s established goodwill in the market is expected in the next few years.Operating profit margins are showing a quantum jump during the last 2 Q’s..Net profit for the half year ended Q2 of FY10 is almost equal to the total profit for the last full year FY09.
|Scrip Code : 509196 Company : M.M.RUBBER COMPANY LTD.|
Financials from bseindia
Co. is expected to report an EPS of Rs. 4 ( FV = Rs. 2 ) for FY10.Share of this company is available at P/E of just about 3 and is going very cheap indeed..Buy at CMP is recommended for long term hold .With low equity of less than Rs. 1 crore ( 4.9 million shares of FV Rs. 2 ) upside potential is huge..
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