Name of another 15 year back same promoter business is yet to known by ordinary investor like me. One more thing how failure of polymer business correlate Britannia promoter in present. Telling this all doubting too much will left with no investment option as finest whitewash covers dirtiest spot in big businesses, as business is no more a fare game. Who doesn’t know RIL past and their ruling in present. Its just matter of days when Indias costliest bank will prove otherwise as how in NPA burdened economy only one left light even after being one of most large player. So with due respect to all the precious inputs price definitely deserves meaningful consideration before conclusion hence there is nothing much to loose and feel afraid at these levels which support risk reward ratio.
Performance of the Company is gradually improving and seems a value buy at this level. DPD implementation had severely impacted the revenue and margins of the Company.
Inspite of loss of major revenue of CFS business from JNPT, the company has shown an impressive sales growth of 16% compounding during last 3 years. With improvement in capacity utilisation at Vapi the margins are epected to improve in future. Went through the Concal of last 12 quarters and observed that company is gradually overcoming the DPD impact and seems that now it is on a growth trajectory.
Tracking position initiated at current levels with 1% of my portfolio.
Approval for transfer of its title, rights, interest, ownership and the operations of its Business
Undertaking situated at Survey Nos. - 44/1, 44/l/l P, 44/1/2P and other, Tumb Village, Taluka
Umbergaon, Dist. Valsad, Gujarat- 396150 as a going concern, on an “as is where is” basis
(“Business Undertaking”) for a lumpsum consideration ofapproximately INR 835,00,00,000
(Indian Rupees Eight Hundred and Thirty Five Crore) to Adani Logistics Limited
(“Purchaser”) and the same shall be subject to approval of the Shareholders of the Company
at the ensuing Annual General Meeting
Stock is down 15% , any reason why the market is considering it negatively.
probably, It was the fastest growing undertaking in the company… (Not verified)
Presently, market cap is at ~ Rs. 850 Crores which is equivalent to the consideration.
The company has other ICDs, PFTs, etc as well
As per Annual Report - plans to go debt Free
Promoter has released all pledged shares…another positive sign