Filatex India Limited (FIL), is engaged in manufacturing Monofilament Yarns for Zippers, Tooth Brush Bristles, Velcro, Magic Fasteners and Forming Fabrics in India. All these products are import substitutes and are helping the country in saving precious foreign exchange. FIL is in the business of manufacturing Polyester, Nylon, FDY, POY, and DTY. The Company commenced with the manufacture of Monofilament Yarn and has now extended to Bright FDY. Their portfolio comprises intermediary products to multiple yarn varieties.
Maharashtra Seamless Ltd is one of the leading and pioneer manufacturers of Seamless and ERW (Electric Resistance Welded) Pipes with its core operations based in India. The Company supplies Seamless Pipes to domestic clients as well as exports them. Seamless Pipes are used for domestic water transportation, Oil and Gas operations and industrial uses where requirement is for smaller diameter pipes with greater strength and resilience.
The Company also has subsidiaries including in Singapore. Maharashtra Seamless is one of the companies from D. P. Jindal Group, who are well into different kinds of Iron and Steel Products.
GMM Pfaudler Limited is a leading supplier of engineered equipment and systems for critical applications in the global chemical and pharmaceutical markets. GMM Pfaudler was established under the name Gujarat Machinery Manufacturers and formed a Joint Venture with Pfaudler Inc, the world leader in glass lined equipment, where in Pfaudler subscribed to 40% equity. Pfaudler further increased its stake to 51% in 1999 and consequently, name of the company was changed to GMM Pfaudler. It also has a Switzerland based subsidiary by the name of Mavag, which was acquired in 2008. Key clients include Sun Pharma, Lupin, Cipla, Piramal, Ranbaxy, Glenmark, Jubilant Lifesciences (Pharmaceuticals), Bayer, Rallis, UPL, (Agrochemicals), Clariant, Thermax, Ion exchange, Auchtel, Croda (Speciality Chemicals) etc.
I think GMM Pfaudler Ltd is the best of the three stocks followed by Filatex. Fllatex is already up 300% and so further upside may be limited.