Buy Star Paper at CMP 198.5 for Very Short Term Target - 250
In 1994, the company expanded and diversified by increasing capacity at its plant in Saharanpur, Uttar Pradesh, besides incorporating a pulping plant. The company also diversified into the sugar segment and is setting up a unit near Saharanpur, with an estimated capacity of 2500 tpd.
Star Paper came out with a public issue in May '95. In 1995, the company changed its product mix from bleached (60%) and unbleached (40%) to 100% bleached products. During 1998-99, the company on-going modernisation scheme, the chemical recovery boiler and the evaporator plant were commissioned which reulted in considerable savings in the cost of energy and chemicals.
During the year 1999-2000, the company has produced a special variety of document paper for priniting the Constitution of India and has started commercial production of photocopier paper for marketing under its own `Star Copier' brand..
STAR PAPER MILLS LTD - RETURNS
| PERIOD | BSE | NSE | SENSEX | NIFTY |
| 1 WEEK | 0.84% | 0.89% | -0.04% | 0.15% |
| 1 MONTH | 4.62% | 4.28% | 4.44% | 3.77% |
| 3 MONTH | 8.73% | 8.83% | 8.06% | 8.30% |
| 6 MONTH | 5.06% | 5.28% | 16.88% | 17.02% |
| 1 YEAR | 363.93% | 363.98% | 16.81% | 17.85% |
3 YEAR | 1483.53% | 1512.60% | 22.21% | 26.31% |
STAR PAPER MILLS LTD - SHAREHOLDING PATTERN
|
PROMOTERS
BANKS/FIS
FIIS
INSURANCE
MUTUAL FUNDS
INDIAN PUBLIC
CUSTODIANS
OTHER
Star Paper Mills is engaged in manufacturing of paper and paper related products. Incorporated in 1938, the company is part of Duncan Goenka Group.
Star Paper has received ISO 9001:2000 and ISO 14001:2004 certifications for its quality management.
To produce its raw material, the company owns 34983 hectare on which 270 lakhs saplings have been grown spread across seven districts of western Uttar Pradesh and two districts of Uttranchal.
The company has started Clonal Technology Programme with an intension to increase the yield per unit area. The paper major has developed fully automatic green houses and hardening chambers at Tapri for production of clonal plants.
Star Paper Mills produces range of products used in industrial, packaging and cultural papers catering to almost all segments of consumers.
The company has an installed manufacturing capacity of 75,000 tonnes per annum of paper and paperboard.
The company has a pan–India presence through 50 dealers. Its clients include Century, Laminating, Eveready, Greenply, Thomson Press, Hindustan Lever, ITC, Pearson Education (Singapore ), Shree Krishna Paper and Thomson Press, among others
Products
The company produces a wide range of papers such as SS Maplitho White/Natural Shade, Greeting Paper, Kraft Paper, Padding Paper, MG Poster, Stiffner Cover, Cartridge Paper, Azurelaid and many more.
These products have application in paper printing, lottery printing, computer stationery, book printing, packaging various products, Defence/Ammunition Packing and many more.
Awards
Star Paper Mills has received the Greentech Award in Environmental Excellence in November 2005 and Greentech Award for safety in paper industries in April 2005.
As a token of appreciation for its energy conservation initiatives the company has received a Certificate of Merit from the Indian Paper Manufacturers Association
Outlook
Star Paper Mills has plans to expand its capacity from 3 lakh clonal plants per annum to 64 lakh clonal plants per annum in next four to five years.