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19.05.2019

AAKASHAYA PATRA EXCLUSIVE STOCK FOR INVESTMENT:

Ponyd Oxides (CMP311)
Target -  560, SL - 270 Time Frame 18 to 60 Months

Pondy Oxide & Chemicals Ltd produces the highest quality lead and lead alloys and PVC additives which are supplied to its customers who are mainly battery manufacturers,chemical manufacturers and PVC extruded and moulded products. About 50% of its production is exported to its numerous international customers mainly but not limited to the Asian region like South Korea, Japan, Indonesia and to Middle - East.It has an equity base of just Rs.5.58crore that is supported by reserves of around Rs.111.61crore.The Promoters hold 46.38% while the investing public holds 51.03% stake in the company. Ace investors Subramanian P holds 2.59% stake in this company. Promoters have increased their stake by 0.17% in last 9 months.

During 9MFY19, its PAT soared 43.53% to Rs.31.76crore from Rs.22.13crore in 9MFY18 on 15.7% higher sales of Rs.804.50crore fetching an EPS of Rs.56.96. Currently, the stock trades cheap at a P/E of 4.5x. It paid 30% dividend for FY18. Its bottom-line has grown at 80% CAGR over the last four years. Stock is available at 60% discount from its 2017 high of Rs.779.

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