control print- juss a coverage

Control Print India Ltd (CPIL) is a leader in the coding and markingmachinery with a market share of around 40%. The company has a solemarketing agreement with the world leader "Videojet" for its coding andmarking machinery in India. It has a product range of contact coders,superior touch coders, specialized metal marking systems, sophisticated inkjet coders and also the advanced laser coders along with necessaryconsumables, spare parts, service and training - all under one roof.The company is setting up its own manufacturing facility to cater to the lowcost contact coders. In addition the company has also started marketing highend digital coding and marking machines in India. With the manufacturingfacility in Baddi becoming operational from early FY07, sales growth isexpected to get a boost. This along with a rise in the coder and markerbase, CPIL should derive higher margins through consumable sales.*The stock is currently trading at an FY07E PE (x) of 8.1x