1. Himadri Chemicals & Industries Ltd is a 1 rupee face value Commodity chemical company.
2. Himadri Chemicals & Industries Limited is the largest coal tar pitch manufacturing company in India.
Short Notes on Company bussiness:-
Himadri Chemicals & Industries Limited is a carbon specialist, developing coal tar
by-products and derivatives (advanced carbon material, carbon black, corrosion
protection and naphthalene)
The Company addresses growing needs of sectors like
aluminium, graphite, infrastructure, lithium-ion battery, tyre and rubber
applications
The environmentally conscious company has also
invested in 2.5 MW of wind power generation in Dhule (Maharashtra,
India).Largest Indian coal tar pitch (CTP) manufacturer
Six manufacturing facilities located in India and
one in China. company.
3. Year high of Himadri Chemicals & Industries Ltd is 25.80 year low was 12.40 and stock traded at 15.75,
Year high/ low ratio near 2.07 and stock turn around from loss to profit
in Dec 2015 result so as per my rule if company put positive results after
year low then year high/low ratio is accepted till 2.5, If you are new reader of
my blog and not familiar with my research terms then please see my research
terms at this link
4. Promoters of Himadri Chemicals & Industries Ltd hold 44.63%
See full list
of public shareholding including FII and DII here:-
Himadri Chemicals & Industries Ltd has informed
BSE that the "Stakeholders Relationship Committee" of the Board of
Directors of the Company at its' meeting held on March 25, 2016 has allotted
3,26,75,297 Equity Shares of Re. 1/- each at a price of Rs.19/- per share
(including a premium of Rs. 18/- per share) aggregating to Rs. 62,08,30,643/-
on preferential basis to the promoter group company in terms of the Special
Resolution passed by the shareholders at the Extra Ordinary General Meeting
held on March 22, 2016. It means promoters increase their stake and buy their
company own shares @19 per share then why not we buy this stock from open
market @ 15.75 only?
5.Himadri Chemicals & Industries Ltd pay regular dividends from 2007 to 2014 but due to loss
in 2015 this stock not pay diviend in 2015 but I think after turn around in
profits company again start dividend payouts.
6. Base price of Himadri Chemicals & Industries Ltd is 19.34 So CMP is
20 % below from base price so I think this time is best suitable time
for buying himadri chemicals for long term.
Click here to download last 3 year closing price with graph
7. No any bonus issue right issue and bulk deals is recorded in last 2 year.
8. Himadri Chemicals & Industries Ltd net sale per share of FY 14-15 is 35.71.
9. Net sale per share is good and I knew that stock recently diluted his
equity by allotment of shares to promoters as I described in above point 4 so
after this equity dilution net sale per share is also diluted near 32, That’s not
bad So for calculating fundamental
target price take 32 instead of 35.71.
Read my book or this article to knew more
about fundamental target price of a stock.
9. Book value of Himadri Chemicals & Industries Ltd is 19.85 So in book value term this stock is a value buy at CMP.
8. Overall I think Himadri Chemical is best long term
penny share investment for 1-2 year views .
9. 200 DMA of Himadri Chemicals & Industries Ltd is 16.08 So at CMP 15.75 Himadri chemicla traded very near in his 200 DMA So I think 200 DMA may be
cross in coming days then this stock is also suitable for trading .
10. My recent updates
:- How to Get regular tax free monthly income with mutual funds dividend or SWP.
11. Disclaimer:- This is not
an advisory service to buy or sell. The contents of “this research report” are
only for educational purposes. No liability is accepted for any content in
“this research report”. The author is neither a registered stockbroker nor a
registered advisor and does not give investment advice. His comments are an
expression of opinion only and should not be construed in any manner whatsoever
as recommendations to buy or sell a stock, option, future, bond, commodity,
index or any other financial instrument at any time.The author recommends
that you consult with a qualified investment advisor, one licensed by
appropriate regulatory agencies in your legal jurisdiction, before making any
investment decisions. Please read full
disclaimer at the bottom of my blog.
12.Discloser:- I
Mahesh Chander Kaushik author of this research report is an existing research
analyst and passed NISM certification for research analysts. I am also
registered under SEBI(RESEARCH ANALYSTS) REGULATIONS, 2014 ( SEBI Registration
Number INH 100000908 ) hereby disclose about my financial interest in the
subject company and the nature of such financial interest:- 1 Me and my
associates or relatives have not hold any share of Himadri Chemicals & Industries Ltd so my personal interest is not included in
this stock. 2. Me and my associates or relatives have not any
actual/beneficial ownership of one percent or more securities of the subject
company ( Himadri Chemicals & Industries Ltd). 3. Me and my associates or relatives have not
any other material conflict of interest at the time of publication of the
research report. 4. Me and my associates or relatives have not received any type of compensation from the
subject company(Himadri Chemicals & Industries Ltd) in the past twelve months. 5. I am not served
as an officer, director or employee of the subject company ( Himadri Chemicals & Industries Ltd). 6. I have been not engaged in market
making activity for the subject company (Himadri Chemicals & Industries Ltd).
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