Kokuyo Camlin shines on plan to exit from non-core business of pre-school

Kokuyo Camlin Ltd. | Printing & Stationery | Media | BSE: 523207 | NSE: KOKUYOCMLN

21 Mar 2014 Evaluate

Kokuyo Camlin is currently trading at Rs. 34.05, up by 0.50 points or 1.49% from its previous closing of Rs. 33.55 on the BSE.

The scrip opened at Rs. 33.10 and has touched a high and low of Rs. 34.70 and Rs. 32.80 respectively. So far 23,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 39.00 on 14-May-2013 and a 52 week low of Rs. 26.75 on 06-Aug-2013.

Last one week high and low of the scrip stood at Rs. 34.70 and Rs. 31.85 respectively. The current market cap of the company is Rs. 341.00 crore.

The promoters holding in the company stood at 74.98% while Institutions and Non-Institutions held 3.25% and 21.77% respectively.

Kokuyo Camlin has received an approval to exit from non-core business of pre-school by divesting entire holding in its 100% subsidiary ‘Camlin AlphaKids’ by way of sole of shares to Dilip Dandekar and his family members including his Associate companies, who hold 5.38% shares in Kokuyo Camlin out of the total promoter & promoter group holding of 74.98%. The board of directors at its meeting held on March 20, 2014 has approved for the same.

Kokuyo Camlin makes a range of stationery products for four segments - children, office professionals, artists and those pursuing different hobbies. Nearly 65 percent of the company’s turnover is from the school segment, 25 percent from the office segment, and the rest from others.