PAUSHAK LTD - FROM THE GROUP OF ALEMBIC.

Company             : PAUSHAK  LTD

BSE Code           : 532742

Group/Index        : B

CMP                   : Rs.74/-

FV                      : 10

Paushak is a specialty chemical company based in Gujarat and belongs to Alembic group .It is one of the known producers of Phosgene and  its derivatives.These products are mainly used in industries like Pesticides,Pharmaceuticals polyurethanes , plastic manufacturing..etc .Phosgene is a highly poisonous gas and it can be converted into liquid by cooling and pressure.Because of the dangerous nature of the product ,it is not very easy to get the lisence for manufacturing this products and environmental clearance is always an issue.Atul ltd is another company in India manufacturing similar type products.Paushak is planning to increase the capacity of Phosgene based products and it already seek goverment permission to expand the capacity.Enviournmental impact Assessment already completed by the ministry  and the the permission is expected soon.In the financial front ,for the nine month ended December Paushak posted a turnover
of Rs.22 Cr and a net profit of Rs.2.96 Cr .On an equity base of Rs.3.21 Cr EPS is Rs.9.2 v/s last full  year EPS of Rs.6.67.  Company declared dividend of 20% each in last two years. This alembic group company deserves a closer look .CMP is Rs. 74/-