Neo Corp International Ltd
Neo Corp International Limited (NCIL) since its inception in 1986, is dedicated in making tailor designed products under Packtech. NCIL reached the status of a fore-runner internationally as a reliable supplier of Packtech products.NCIL has come a long way from a small woven sack factory in 1988 to a large integrated globally acclaimed technical textiles manufactures.
It has been more than two decades of reliable catering to the requirement of FIBC’s, container liner, leno bag, geo textile, ground cover, shade nets, hale nets, wind breakers and constructive cover from fully integrated, clean room 30000 square meter manufacturing facility, for the company.
With its current growth initiative, NCIL has entered into other technical textile segments like Geotech and Agrotech.
Products Segments of the company:
1. PACKTECH – Provides cost effective solutions for storage carriage and protection requirements of industrial, agricultural and their goods.
2. AGROTECH – Applications for technical textiles in the Agrotech sector include all activities concerned with the growing and harvesting of crops and animals
3. GEOTECH – Provides wide range of end-uses in pavements/roads/railroad beds/airfields, retaining wall earth embankment, concrete revetment, drain construction waterways, coastal engineering/defense, landfill, industrial and contaminated land reclamation.
Over the past 20 years the company has has made various Achievements, such as:
a]. It won the Top Exporter award for the year 2008-09.
b]. It featured at 46th number out of Top 500 manufacturing companies in a survey conducted by the publication Industry 2.0
c.] The company bagged the Best Exporters award for the year 1997-98 conferred by the All India Flat Tape Manufacturer’s Association in the ‘Woven Sack’ Category.
d]. The company has been awarded the status of recognized Export House by the Govt. of India on the grounds of export performance in the year 1994-95.
Currently trading around 52, having a P/E of 4.50 and a Book value of 49
NCIL can be considered as a strong Small-cap bet for Long term investment, the growth of the company over the past several years has been attractive.
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