-

22.09.2019

AAKASHAYA PATRA EXCLUSIVE STOCK FOR INVESTMENT:
MEGHMANI ORGANICS LTD
(CMP 57)
 ENTER LEVEL – 50 TO 54 STOPLOSS 44 TARGET 120-150 IN 18-24 MONTHS

Incorporated in 1986, Meghmani Organics Limited manufactures, sells, and distributes pigments and pesticides. The company operates in three divisions: Pigments, Agrochemicals, and Basic Chemicals. The Pigments division offers phthalocynine green 7, copper phthalocynine blue, alpha blue, and beta blue pigments that are used in various applications, including printing inks, plastics, paints, textiles, leather, paper, and rubber. The Agrochemicals division engages in the manufacture and sale of technical, intermediates, and formulations of insecticides, fungicides, and herbicides, which are used in crop protection, public health, termite and insect control, and veterinary applications. It offers its formulations primarily under the Megastar, Megacyper,Megaban, Synergy, and Courage brand names. The Basic Chemicals division manufactures caustic chlorine and caustic potash, which are used by the agriculture sector, industry, and directly by the consumers.It offers its products to customers through direct sales teams and distributors/agents in North America,Europe, Central and Latin America, and the Asia Pacific. It exports its products to 75 countries. It is also involved in trading activity. It has 7 manufacturing facility in Gujarat. Company is amongst top 3 global Phthalocyanine based pigment players, one of the largest producers of pesticides in India. It is 4th largest caustic-chlorine player in India and one of the lowest cost producers of caustic soda in India.

t has an equity capital of just Rs.25.43crore supported by reserves of around Rs.978.17crore. The promoters hold 50.76% & FIIs hold 2.65% while other investing public hold 46.27% stake in the company.Promoters increased their stake by 0.45% in last 3 quarters which is positive sign.Currently, the stock trades at a P/E of just 6x. It has paid 100% dividend for FY19. Its recent high rate was Rs.129.4 which was formed in November 2017. Stock almost corrected 56% from recent high.Recent development: Meghmani Finechem Ltd. - a Flagship Company of Meghmani Group has decided to foray into and would like to announce setting up of project of Epichlorohydrin, capacity 50,000 tonnes per annum which will be based on Technip FMC's EPICEROL® technology. The project will be setup with Capex of around Rs. 275 Cr. and is expected to generate revenue of approximately Rs.460 Cr per annum
at optimum operating rate.

Comments

Post a Comment

Popular posts from this blog

AAKASHAYA PATRA SEVEN STAR SMART EDUCATION SERIES PART – 61 : 10.10.2020

-
Image
                           Financial Ratios- Liquidity Ratio As the name indicates, these financial ratios help us to evaluate the ability of the management to use its assets and manage its liabilities effectively. Commonly used Management Efficiency Ratios include –   1. Fixed Asset Turnover Ratio 2. Working Capital Turnover Ratio 3. Total Asset Turnover Ratio 4. Inventory Turnover Ratio 5. Inventory Number of Days 6. Receivables Turnover Ratio 7. Days of Sales Outstanding   Fixed Asset Turnover Ratio: The fixed-asset turnover ratio is the ratio of net sales to the fixed assets of the company. Fixed Asset Turnover Ratio = Net Sales / Average Net Fixed Assets This ratio is used to measure the operating performance of the company, i.e., how efficiently a company is producing sales with its machines and equipment. In general, a higher fixed-asset turnover ratio indicates that a company has more effectively utilized investment in fixed assets to generate revenue.A de
Read more
-
Image
16.06.2019 AAKASHAYA PATRA SEVEN STAR SMART EDUCATION SERIES PART – 12 : Stochastic Indicator Stochastic is known as one of the reliable leading indicator to forecast the Price Reversal or Swing Reversal, its also give an idea about stock over bought position as well as stock over sold position Stochastic Indicator does not follow price or volume but it follow momentum of the trend For ready reference, Formula of the Stochastic Indicator as below : % K = (Most Recent Closing Price - Lowest Low) / (Highest High - Lowest Low) × 100 %D = 3-day SMA of %K Lowest Low = lowest low of the specified time period Highest High = highest high of the specified time period There is a two line are available in stochastic indicator, %K Line known as fast line and %D is known as slow line %D is known as a slow line because its a SMA of %K Default setting is 14 period it means it consider recent last 14 persod data as per formula in calculation We can use this Stocha
Read more

AAKASHAYA PATRA EXCLUSIVE STOCK FOR INVESTMENT: 21.06.2020

-
Image
DOLLAR INDUSTRIES LTD CMP 137 ENTRY 135 TO 130 STOPLOSS 100 TARGET 300++ TIME: 36 MONTHS Dollar Industries Limited has become one of the leading brands in the hosiery sector with an enviable 15% market share and a significant percentage in textile exports of the total production in the Indian hosiery market. It has also made a noticeable presence across social media and e-commerce platforms. Dollar has extensively penetrated across 29 states in India. Not only that, its products have also gone beyond the boundaries of the country and has emerged as the highest selling Indian innerwear brand in the UAE and the Middle East, marking its presence in places like Oman, Basra, Jordan, Qatar, Kuwait, Bahrain, Yemen, Iraq, Myanmar, Nepal, Nigeria and U.A.E. Having fused its position in Gulf countries the company is now assertively looking at the rest of the world with collections that promise to delineate the string. Dollar Industries is the only hosiery and knitwear company in India c
Read more