BHAGERIA INDUSTRIES
Bhageria Industries is trading @ p/e 5.3 which is very cheap compared to its peers.
Bhageria Industries formerly known as Bhageria Dye-chem Ltd recently changed its name.
Average 5 years profit growth is around 100% whereas sales growth for 3 years is around 87%
Roce for 3 year is around 52%.
Company has reduced debt significantly
Promoters are buying from open market.
Company's business activity is as follows:
Stocks is consolidating in the range of 100-180 from last 1.5 years and is being operated by the operators for short term gains
But the company's fundamentals are superior to its peers & in long term it will be recognized by the market.
Recently on 2 March 2016 the company is also listed in NSE which removes the price band issue in the scrip
From 2013 to 2015 company's reserves are increased nearly 400% whereas debt is decreased from 2014 to 2015 which shows the use of cash in right way to pay off the debt
Annual results
Company's profit rose to 140% in march 2015 which is used in to pay debt & dividend i also increased to Rs 5
Promoter traded in 1 lot of Nifty options & 1 lot HDFC Bank future with companies fund which brings why to trade with company fund rather than focusing on company
Volatile demand of Chemicals specially H. Acid resulting cyclical turnover for the business
Overall @ CMP 108 Bhageria Industries is Highly Undervalued Scrip.
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