My Multibagger Pick is Jayant Agro Organics.
CMP: 120, MCap 178Cr
ROCE: 19.45%, ROE: 22.61%
3yrs CAGR Sales: 21.49%
3 yrs CAGR inNet Profits: 43.88%
PE: 4.83 (March 2014)
EV to Sales: 0.30
EV to EBIDTA: 4.96
7 yrs 588% increase in profits and 335% increase in sales
Consolidated Sales/NP/dividend numbers.
March 2007 Sales 462.49Cr Net Profit: 6.76Cr Div:1.25
March 2008 Sales 605.96Cr Net Profit: 9.51Cr Div:1.25
March 2009 Sales 875.86Cr Net Profit 7.49Cr Div: 1.25
March 2010 Sales 904.01Cr Net Profit: 12.47Cr Div:1.50
March 2011 Sales 1,175.26Cr Net Profit: 24.92Cr Div 1.75
March 2012 Sales 1,832.26Cr Net Profit: 31.35Cr Div: 2.00
March 2013 Sales 1,624Cr Net Profit: 36.24Cr Div: 2.25
March 2014 Sales 1,550Cr NProfit: 39.75cr Div: 3/=
Consistent dividend paying company since inception.(20 plusyrs)
40% equity is Bonus capital.
Promoter stake 65.2%
Only 5244 shareholders…
Jayant agro is Uniquely placed as India is the largest producer of castor crop in the world producing 75% of world`s production… Jayant Agro is the largest processor of castor oil and castor oil derivatives in India…
Jayant also produces the world`s largest range of castor oil derivative… Jayant exports 90% of its sales and is a Govt recognized Star Trading House…(other well know star trading House(exporters with similar export sales) are: L&T, ITC, Arvind, Bajaj Auto, M&M, BHEL, Balkrishna Industries, IPCA, Biocon, HUL, Cipla) Jayant Agro is the cheapest Star trading house listed
http://www.fieo.org/Indian-Trading-House-Information-Directory.php
Jayant Agro is a Govt recognized… Dept of Industrial Science and technology - Research Oriented organization. Jayant agro Promoters “Udeshi`s” also own a US Patent for efficient production of Sebacic Acid (castor oil derivative)and its salts US Patent No: 6392074
Castor oil and its derivatives are well established green chemicals and can replace crude oil in the chemical industry
castor oil derivatives are used for the preparation of products to replace petroleum intermediates.
Demand is greater than supply and speciality chemical manufacturer such as
“Arkema” 7 billion Euro sales have tied up with jayant agro (JV: Arkema:24.9%, jayant 75.1% - Ihsedu AgroChem)
http://www.bseindia.com/xml-data/corpfiling/AttachHis/Jayant_Agro_Organics_Ltd_111013.pdf
Mitsui Chemicals & Itoh Oil: (JV:Jayant:50%, Mitsui:40%, ITOH OIL:10% - Vithal Polyol India Pvt Limited)
to manufacture Green Plant based Polyol for Asian Automotive sector
http://whatsup-indianstockideas.blogspot.in/2014/02/jayant-agro-organics-bio-polyol-plant-jv.html
http://www.bseindia.com/xml-data/corpfiling/AttachHis/Jayant_Agro_Organics_Ltd_290813.pdf
Even though Profits have increased 600% Stock Price of Jayant is still available at 6 yrs old prices with no appreciation…(In 6 yrs stock price has appreciated only 51%…no dilution of equity…promoters have increased stake by 10%)
Well established Green Chemical Company… LOW Hanging Fruit Available for Investors… as Green Chemicals is a sunrise industry…
Company: Investors section: http://www.jayantagro.com/investors.htm
10yrs annual reports:
http://whatsup-indianstockideas.blogspot.in/2010/05/jayant-agro-organics.html
10 yrs quantitative data:
http://www.quantspartner.com/Jayant%20Agro%20Org.pdf
Castor Based Green Solvents: Industrial Green Chemical World 2013
http://whatsup-indianstockideas.blogspot.in/2014/02/jayant-agro-castor-based-green-solvents.html
BioBased Polyamides: India the Assured Supplier:
http://whatsup-indianstockideas.blogspot.in/2013/12/jayant-agro-bio-based-polyamides-india.html
=happy investing
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