The Company was incorporated as ABS Plastics Limited in the year 1973.
In 1992, the name was changed to ABS Industries Limited.
In 1997, Bayer AG acquired a majority share of 51% in ABS Industries Limited. The company then became a part of the Bayer group and was rechristened as “Bayer ABS Limited”.
In early 2004, Bayer Group globally decided to restructure its business, The styrenic-based Polymer products became the part of a new group named LANXESS and Company`s name changed to "LANXESS ABS Limited".
In 2008, INEOS ABS (Jersey) Limited, UK, acquired major stake constituting 83.33 % of total paid up capital of the Company, thereby becoming the holding Company of LANXESS ABS Ltd. After following appropriate required procedure, the change of name was effected from. June 17,2008 to INEOS ABS(India) Limited
With parent holding 83.33 % in company and company delcaring good profits may be we can assume that they may go for delisting in next 1-2 year horizon?
20.03cr 8.53cr 14.50 cr are the q3 q2 and q1 net profits respectively.
The Company is a leading manufacturer of ABS(Acrylonitrile Butadiene Styrene) Resin and sheets in India.
I feel it can be accumulated at lower levels in dips only with investment horizon of 2 years.
Possibility of delisting is the only factor that can propell the stock(Anything else,I am not sure).
principal monthly income plan fund holds a stake in it as it has been a regular high dividend payer since more than a decade.
its reserves too are @ 250 crores to an equity of 17.59 crores.
though at a low pe of 8 has not yet been discovered by the mkt so better to accumulate on a major dip in the mkt, probably after 2 months.
Dividend History :
Year Month Dividend (%)
2010 Mar 35
2009 Feb 25
2008 Feb 30
2007 Jan 30
2006 Mar 25
2005 Mar 25
2005 Feb 80
2004 Mar 25
2003 Mar 25
2002 Mar 20
2001 Apr 15
2000 Mar 15
1999 Mar 10
| NIFTY 
