This Shahpur based company makes veneer, wood and decorate laminates and compressed boards.For Q3FY17, on a 5% (YoY) drop in net sales at Rs.19 crore, thanks to the 5.5% reduction in total costs, the company could post a 53% rise in net profit at Rs1.99 crore v/s Rs.1.22 crore. Its 9MFy17 net profit of Rs.7 crore has more than surpassed FY16 net profit of Rs.4 crore.

Its equity is small at Rs.5.39 crore and annualized EPS is at Rs.17. Promoters hold 54.21% stake and even in non-promoter portion, in the non-institution part, they hold another 35%. This makes it a very illiquid share and we can see that from the 2W trading volume, which is around 1600 shares.