FLEX FOODS : PORINJU BETTING ON IT

FLEX FOODS

(BSE Code:523672) (CMP: Rs.135.2)

Flex Foods Limited, part of Uflex Group of companies, started its operations in 1992 as an 100% Export Oriented Unit. Its state of the art processing facilities are situated at the foothills of the Himalayas in the northern Indian city of Dehradun and their products are exported to the highly conscious markets of the Europe, USA, Canada, Middle East, Australia, Israel, UK, Germany, Belgium, etc.

 Its is engaged in Freeze Drying, Air Drying, Individually Quick Frozen(IQF) and Canning of white button mushrooms, fruits & vegetables, culinary herbs and green pepper corns catering to European, US, Canadian, Australian and Domestic market. The company has its own captive state of art mushroom growing facility with fully equipped mushroom spawn and compost preparation facilities.

The company started its commercial operations in 1992 by establishing an 100% EOU for vacuum freeze dried vegetables mainly mushroom and culinary herbs with a total processing capacity of 2000 MTs per annum.

Flex Foods monitors pesticide residues on crops through the use of Maximum Residue Limits (MRL) and the farmers are provided with the high quality seeds and best farm practices to ensure that each and every thing that we grow is totally NATURAL. They have received many awards for our excellence in quality from the Government of India and its various agencies.

 Please find below a glimpse of FFL’s product portfolio:-

•  Freeze Dried (FD) Culinary Herbs – Basil, Chervil, Dill, Green

• Pepper Corn, Marjoram, Mint, Lemon Grass, Parsley, Oregano, Sage, Chives, Savory, Thyme, Onion, Spring Onion, Garlic, etc.  IQF Culinary Herbs – Basil, Coriander, Chervil, Curry Leaf

• Parsley, Basil, Thyme, Oregano, Marjoram, Sage, Mint, Chives, Savory, Lemon Grass, etc.  Air Dried (AD) Culinary Herbs - Parsley, Dill, Basil, Coriander

• Thyme, Oregano, Marjoram, Sage, Mint, Chives, Savory, Lemon Grass, Coriander etc.  White Button Mushrooms (Freeze Dried and Canned) – Dices

• Slices, Quarters in all four processed forms. Vegetables (Air Dried, Freeze Dried, IQF and Canned) -Carrot, Green Peas, French Beans, Cauliflower, Cabbage and a wide range of ethnic Indian as well as main stream vegetables.  Fruits- (Air Dried, Freeze Dried, IQF and Canned)-Apple, Pine

• Apple, Banana, Mango, Cheeku. FFL is also open to other fruits and vegetables, processed as per the requirement of the buyer.

Flex Foods offers a wide range of Vacuum Freeze Dried, Air-Dried, Frozen and IQF (Individually Quick Frozen) product range of mushrooms, herbs, spices and fruits/vegetables, meeting strict quality & hygiene standards. Canned button mushroom in various shapes and sizes is also available as per the customer requirement. Flex Foods Limited is a single point source of supplier of Frozen / IQF (Individually Quick Frozen), Air Dried, Canned as well as Freeze Dried products to the customers as per their requirements. A tempting food i.e. retail packs of Culinary Herbs for Indian customers are also available in four varieties in Flex Foods.

Recently added various new Products:

• Air Dried & IOF – Stevia

• Air Dried – Sugar Beat

• Freeze Dried – Jalepeno Pepper – Red

• Freeze Dried – Jalepeno Pepper – Green

• Freeze Dried – Banana

• Freeze Dried – Green Capsicum10

Flex Foods Limited has an equity capital of just Rs.12.45 crore supported by reserves of around Rs.63.66 crore. Market Cap of the company is just 168 Cr. The promoters hold 59.6% of the equity capital, HNI’s hold 7.02%, ace investor Subramanian P also hold big chunk in the company. The company is trading at PE of 21.24 whereas industry PE is 55.76. It is a regular dividend paying company. In Q4FY17 it posted a profit of Rs 4.31 cr against 2.34 cr in Q4FY16 showing more than 90% rise in profits.

Technically also it is looking good and is on verge of a breakout.