Good Analysis on Hanung Toys by Charu

Even though I am not sure whether there is enough moat is there or not. you do not have enough moat as long as it is compensated by really low p/e with good growth rates and good balance sheet.

Are you also fond of soft toys??? I am and I’m sure someone or the other you know also loves soft toys ;) Age is no bar when it comes to these cute cuddly toys. The smiles that flash across the face the moment you see them is just so beautiful.

Ever realized the company behind these wonderful smiles? Yes, I’m talking about HANUNG TOYS & TEXTILES LTD (HTTL), the company which produces the cuddly toys you buy from most of the popular stores. It is already present in over 3,000 stores, including chains such as Archies Gallery, Lifestyle, Shoppers' Stop and Pantaloons. It also has licensees for Walt Disney characters.

Set up in 1990, HANUNG TOYS & TEXTILES LTD (HTTL) proudly claims to be India’s largest Manufacturer and Exporter of Soft Toys Decorative Cushions & Children’s Room Furnishings.

In the initial formative years, company gained immensely from its technical tie-up/collaboration with South Korean company, Hanung Industrial Company Limited, as they helped in establishing well known Korean manufacturing practices and quality systems. After initial five years of collaboration, Hanung has since been independently operating its manufacturing

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http://gcharu.blogspot.com/2009/11/hanung-toys-textiles-ltd-httl-bringing.html