Even Meghmani Organics is into CPC Blue space, I saw their AR and noted 86% capacity utiisation and EBITDA margins for that division of 14%. Kesar’s capacity utilisation for FY18 is around 40% and EBITDA margins of 22%. Have to see how they plan to increase the capacity utilisation.
The company’s ROCE has been increasing from -3 to 55 in 10 years
P/E of 5, ROE: 44, ROCE: 55, ROIC: 42
Promoter holding: 63%
Company has good consistent profit growth of 176.22% over 5 years
Stock is trading at 1.14 times its book value with no debt, is the management integrity in question, as they don’t pay any dividend?