Recently this microcap company has given a phenomenal return in just a matter of 6 months. The company is involved in the business of providing product solutions to the bottling and packaging industry. The company has been expanding rapidly in the plastic manufacturing and packaging arena for the last couple of years and currently, the company stands at the perfect expansionary phase.
Share Price
The share price of Cool Caps has given a significant return of 160% in a matter of 6 months. The stock price of the company shot up from a price of Rs. 310 in June 2024 to a high of Rs. 880 in October 2024. Currently, the stock is trading at Rs. 800 as of 4th October 2024.
Recent Updates
The company has successfully installed a state-of-the-art recycling machine with a capacity of 500 tonnes per annum at its Kolkata unit. This breakthrough will enable the company to recycle and reuse in-house wastage from both the parent company and Purv Ecoplast itself.
This installation represents a major leap in operational efficiency and sustainability efforts. The company anticipates a substantial improvement in the overall margins. This strategic investment positions Cool Caps Industries Ltd at the forefront of waste management and recycling within the industry and is expected to deliver long-term benefits, both in terms of profitability and environmental stewardship. The management also believes this development will play a pivotal role in enhancing the company’s competitive edge and profitability in the future.
About The Company
Cool Caps Industries is a manufacturer of plastic closures and caps. CCIL is a Purv Group company. It supplies the beverage packaging industry with product solutions. The company produces plastic bottle caps and closures, PET preforms, plastic handles, multi-layer shrink films, PET flakes, and other products.
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Manufacturing Units
The company operates three manufacturing facilities: Unit 1 is located in Howrah, West Bengal, where it produces plastic caps and closures. Units 2 and 3 are situated in Kotdwar, Uttarakhand, specializing in plastic caps, closures, preforms, and handles. Additionally, on March 30, 2024, the company launched commercial production at a newly established facility of its wholly owned subsidiary, Purv Technoplast Pvt Ltd, in Assam.
Clientele Base
The company also serves a diverse clientele base, including prominent brands such as Patanjali, Clear Premium Water, Bisleri, IRCTC, Xotic, Kingfisher, Serri, and Pink. These partnerships highlight its strong market presence and commitment to delivering quality packaging solutions.
Conclusion
Cool Caps Industries Ltd has demonstrated remarkable growth with its stock price surging 160% in just six months. The company’s strategic expansion through the installation of a cutting-edge recycling machine in Kolkata positions it for sustainable growth. This recycling capability, with a 500-tonne annual capacity, not only addresses environmental concerns but also promises improved profit margins through efficient waste management.
As a major supplier in the beverage packaging industry with three manufacturing units, CCIL’s commitment to operational efficiency and sustainability suggests a promising outlook for shareholders in the plastics closure segment.
Written By: Dipangshu Kundu
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