AAKASHAYA PATRA EXCLUSIVE STOCK FOR INVESTMENT: 01.08.2020

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AGARWAL INDUSTRIAL CORPORATION LTD

CMP 80 ENTRY 75 TO 80 STOPLOSS 65 TARGET 150++ TIME: 36 MONTHS

 The Company is a leading manufacturer and importers of Bitumen & Bituminous products and its plants are located at Belgaum, Hyderabad, Taloja, Baroda and Cochin (Company's WOS). Company manufactures and trade quality products like Paving grade Bitumen.

Industrial Grade Bitumen, Bitumen Emulsions,Modified Bitumen, Bitumen Coat, Bitumen Paints, Bitumen Insulation material etc which are known for their quality and standard. Its profound background of being in the logistics business (transportation of Bitumen & LPG) has been a key factor to foray into this segment. Company has excellent professional relations with all major road contractors in India due to Company's ethical, transparent and good governance policies. Company has excellent Bulk Bitumen Storage facilities to effectively handle and market bitumen imports at Karwar, Belgaum, Hyderabad, Haldia, West Bengal Dighi,Maharashtra, Hazira Gujarat and Kakinada. Company is the pioneers of logistics in Bitumen, which is predominantly used in road construction business.

 It has an equity base of just Rs.10.26 crore that is supported by reserves of around Rs.147.25 crore. The promoters hold 59.33% while the investing public holds 40.67% stake in the company.During FY20, its PAT zoomed 90% to Rs.25.55 crore as against Rs.13.45 crore on 48% higher sales of Rs.787.03 crore fetching an EPS of Rs.24.91.

Currently, the stock trades at a P/E of 3.25x. It has recommended 15% dividend for FY20.Its recent high rate was Rs.791 which was formed on May 2018. Stock almost corrected 90% from recent high


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