Vijay Kedia latest stock pick Kokuyo Camlin

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Pee Vee
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Vijay Kedia latest stock pick Kokuyo Camlin

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Vijay Kedia's latest stock pick is Kokuyo Camlin. As per December shareholding pattern, he holds 10,10,1000 shares of Kokuyo Camlin.

When asked why he bought Kokuyo Camlin Vijay Kedia said it is a proxy to the education sector; Stationery market in India is worth Rs 20,000 cr; Kokuyo Camlin turnover could double in next few years.

-Kokuyo Camlin Limited is over 80 years old company started in 1930s. Over the years, the Company has become synonymous with quality products for schools, offices and niche art markets. The Company has two of the most recognized and endearing brands in the country – CAMEL and CAMLIN.

-In 2012, Kokuyo S&T Ltd. Japan acquired majority stake in Camlin and rechristened the company as Kokuyo Camlin Limited. Kokuyo is a Japan based company with more than 100 years old history. It is a leading marketer in stationery, institutional furniture and catalogue sales and has presence in many countries in Asia.

– In 2013, the company has embarked upon anambitious mission to build up its capacities, capabilities and competencies and had raised funds for construction of state of the art manufacturing plant at Patalganga Industrial Area of MIDC. The construction has already started in January 2015 and management expects this plant to be operational by 2016.

– We expect CAMLN to further improve its profitability in years to come and continue to grow its business through its existing product franchise as well as launch of new innovative products from its parent company

Valuation:

With Indian stationery market expected to grow at around 10% per annum in years to come due to increase in literacy rate, rising discretionary expenditure amongst other, CAMLN stands as one of the key beneficiaries.

– The company’s cost rationalization process, upcoming new integrated plant and extensive dealer networks are expected to drive volumes and margins going ahead for the company.
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