I have recommended a BUY on Amrit Banaspati @ Rs.114 /- ,(Old Report HERE)which is currently trading @ Rs.183/-.Company posted good result in the December quarter.Sales improved from Rs.224 Cr to Rs.297 Cr and net profit from Rs.2.42 Cr to Rs.8.5 Cr. EPS for nine month is Rs.20/- v/s Rs.7/- .Investors can book profit partially (50%) and HOLD the balance.
Showing posts with label Amrit banaspati. Show all posts
Showing posts with label Amrit banaspati. Show all posts
Friday, 4 February 2011
Sunday, 31 October 2010
Company is selling edible oil from Groundnut, Cottonseed, Rice Bran, Soyabean, Mustard, and Sunflower . Company’s different products are marketed under the brands ‘GINNI’ ,‘GAGAN’and ‘ MERRIGOLD’ .Company is mainly operating with three products categories, viz – Lifestyle Products, Premium Products and Consumer Products. Under the lifestyle products category ,company selling GINNI NUTRI DELIGHT NUGGETS, MERRIGOLD TABLE MARGARINE and MERRILITE vegetable fat. Under the premium products category ,it is offering GINNI GOLD REFINED SUNFLOWER OIL, REFINED GROUNDNUT OIL, REFINED COTTONSEED OIL and REFINED RICEBRAN OIL . Its offering under Consumer products category includes GAGAN VANASPATI, GAGAN GOLD VANASPATI , GINNI PLUS REFINED OIL , GINNI REFINED PALM OIL , and GINNI REFINED SOYABEAN OIL. Company having a good dealer network of 1400 dealers in 850 cities across India .Its products are well established and having good brand loyalty . Since major part of its raw material ( Crude Palm Oil) is imported from foreign countries, considering the current exchange rate scenario, company is in a good position . Company posted a turnover of Rs.235 Cr in latest qtr with a net profit of Rs.4 Cr . It is expected to close the full year with an EPS close to Rs.18/- .One may consider buying in small lot at CMP of Rs.114/-
Subscribe to:
Posts (Atom)
