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*AAKASHAYA PATRA EXCLUSIVE STOCK FOR INVESTMENT:* 03.05.2020
CHEMFAB ALKALIS LTD
CMP 140 ENTRY 120 TO 130 STOPLOSS 90 TARGET 300++ TIME: 18 MONTHS

Chemfab Alkalis Limited (CCAL) has established the first membrane cell plant for Chloralkali production in India; it has also built a long legacy of sustainability and diversity in the workplace. CCAL is one of the first major chemical organizations in India to introduce and implement innovative technologies successfully, and stay at the forefront of the industry. The Company offers sodium chlorate crystals,chlorides, sulphates, and nitrogen compounds.It has an equity base of just Rs.13.93 crore that is supported by reserves of around Rs.253 crore. The Promoters hold 74.44%, HNI SENTHILKUMAR N hold 1.27% and SUBRAMANIAN P hold 1.13% while the investing public holds 23.16% stake in the company.With a share book value of Rs.195, its P/BV ratio works out to just 0.72x. During 9MFY20, CAL posted 204% higher PAT of Rs.23.68 crore on sales of Rs.164.02 crore fetching an EPS of Rs.17.01. At CMP stock is trading at PE ratio of just 6x. It has paid 12.5% dividend for FY19.Its recent high rate was Rs.275 which was formed in April 2018. Stock almost corrected 49% from recent high.It is manufacturer of Sodium Hypochlorite which is used in disinfectant as per the guidelines of Government.

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