Thread by @drprashantmish6

Kingfa Science & Technology (India) Ltd
- CMP 1100 ( overvalued )
-Promotors holding 74.99%
-almost debt free
- part of Kingfa china
Products-
1-POLYPROPYLENE
2-ENGINEERING PLASTICS Compounds ( PET,PBT,Nylon)
3-THERMOPLASTIC ELASTOMERS
4-Fiberglass honeycomb composite panels

5-POM-Polyoxymethylene-( Acetal,polyacetal and polyfromaldehyde) - This is also engineering thermoplastic
6-LFT- Long Fiber reinforece thermoplstics
7- PA6 and PA66
Plant location
1- Manesar
2- Puducherry
3-Chakan ( Pune) ( Recently started)

-Capacity from Manesar and Puducherry is around 110000 mtpa
- capacity in chakan (Pune )
phase 1 - 75000 mtpa ( already started ) presently i dont know the status of capacity utiliztion
total plan is to expand to 300000 mtpa gradually in next few years

- so i assume its total production capacity will be around 400000 mtpa in next few years
- Why i like this company
1- Growing segment of its products
2- All big clientele
3- good promotors holding
4- Debt free status

Read about plastic industry and eng plastic

https://twitter.com/drprashantmish6/status/1402127320069009408?s=20

Read about thermoplastic elastomer

https://twitter.com/drprashantmish6/status/1401580267286843397?s=20

Risk -
- worsening of indo china relation
- low float
- stretched valuations
but i feel eng plastic demand will keep on increasing with rapid pace in Electric vehicle , appliances , healthcare segment , many other,

Their entry in to Surgical mask and N95 mask division is additional booster to revenue . they are right now in nitrile gloves segment also which i feel is a big opportunity going forward also .
- Not sure about N95 mask but surgical mask segment should grow in my opinion .