Star Investment Idea by planmoneY

*planmoneY 💫* STAR INVESTMENT

MCAP 3000 Cr
CMP 782
52WK HIGH 945
52WK LOW 602
LISTING DATE: 05/03/2021
LISTING PRICE : 900
ISSUE PRICE : 627
SECTOR : AGROCHEMICALS

MANUFACTURING OF SYNTHETIC PYRETHROIDS. The company has 4 manufacturing plants across India. It has a market share of more than 20%..
It is an exporter to 60+
countries.

PE 20.9%
INDUSTRY PE 30%
ROCE 45.3%
ROE 36.3%
DEBT 50 CR
CASH BALANCE 85 CR
*ALMOST DEBT FREE*
CAGR SALES 3 YRS @ 19%
CAGR PROFIT 3 YRS @ 49%

INCREASING NET CASH FLOW FROM OPERATIONS

PROMOTER HOLDING 74.15%
*DII/FII reduced stake*

The company is well poised for the growth. It is now operating with more than 10,000 dealers, approx 300 representatives. The company has registered a domestic growth of 90%. Their export growth were at lower side due to shortage of containers ( it is a world wide problem these days). Company confirmed that it does have good order book but movement is slow. Company is about to launch 4 to 5 products this year and looking to eat into Market share of other companies. Company has also settled a case of wilfull defaulter case against its subsidiary.
Keeping in mind all the right mix, great business growth, low debt and the capacity to raise money if needed, new product launches make this company worth of our *STAR INVESTMENT*.

USP: DUE TO POWER SHORTAGE IN CHINA, CHEMICAL COMPANIES IN CHINA ARE FACING MAJOR ISSUES. THIS WELL AFFECT INDIAN COMPANIES AS THEY IMPORT ABOUT 35% FROM CHINA. THIS IS THE THE COMPANY THAT HAS LEAST DEPENDENCY ON CHINA @ 13% IMPORTS.

*HERANBA INDUSTRIES*
CMP : 782
TARGET : 1200
TIME HORIZON : LONG TERM
SL: NONE

Thank you
regards
team planmoneY 👍🙏

Author: Admin

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