Expo Gas Container:-A dark horse

Scripscan:Expo Gas Container
CMP-15
Code-526614


[Expo Gas Container news,views and analysis/multibagger potential/turnaround story/penny stock/settlement with lenders/good trading play/Downside limited/Can buy it]


Introduction:Expo gas Containers limited is an integrated company specialiizing in the field of manufacture of low pressure Gas cylinders,fabrication of equipments like pressurre vessels,heat exchangers,site constrruction of tanks and spheres e.t.c.Its manufacturing facilities are located at Murbad(norrth of mumbai) and are approved by the Chief Controller of Explosives, under Indian Boiler Regulations.

But from the last few years the performance and profitability of the Company was severly affected due to some factors:

High steel prices
Stiff competition
Lack of sources
Huge debt burdern and interest costs

Now if the market talks are beleived to be true then it can very well be the next buzzing one in the bourses.It is said that the company has settled its outstanding debt with IDBI at 60% of the principal amount.The company was granted waiver for 40% principal amount as well as exemption in interest and penal interest.The company is striving very hard to increase its topline and is giving a huge thrusts to market its product in the outside world.

Conclusion:Expo is all set to make a sparkling turnaround in the current year.The management of it is one of better management from its peers.With the economy in a move and with its increasing order book,Expo can regain its lost glory in the coming days.