CMP – 163
MATKET CAP – 204cr
52wk HIGH/Low – 197/92
First Recommended@96 and Stock has already made High of 197 giving almost 100% in just 7 months.
Agressive player can Add at cmp & Safe investor should wait for 138-150 zone for Accmulation.
🔷️Freshtrop was incorporated on 30th September 1992 as a Private Limited Company in the state of Gujarat. It was converted into a Public Limited Company on 22nd September 1994.
Freshtrop is one of the first companies in the corporate sector in India to enter into the business of exports of Fresh Produce. The company has played a pioneering role in establishing exports of grapes and pomegranates from India to Europe
🔷️Freshtrop’s focus on building and maintaining networks of growers at several different locations has enabled it to become a consistent and dependable supplier for the past 25 years
🔷️Freshtrop established a state-of-the-art juice processing plant at Nasik, Maharashtra, about 180 km from Mumbai in 2009.
🔷️In last 10 years its sales has grown from 38cr To 179cr.
🔷️It has Good clientele reach and supplies to Many big supermarkets like Marks & Spencer,Tesco,Migros,Asda etc.
🔷️In 2015 company set up high care area for fresh cut fruits.Ready to eat pomegranate Arils for retail & food service sectors. supplying pomegranate Arils to Europe & supplies 1.4MT Arils Exported per Day.
🔷️Company also supplies Coconut chunks
Aseptic Bags -Pomegranate,Gauva,Amla,Mango,watermelon,Pappaya & Tomato Pulp
🔷️Organic Mango pulp & Frozen pulp of Mango,pomegranate & Gauva
🔷️In year 2017 company did expansion of setting up cold extraction unit along with latest HPP technology for shelf life extension at Nashik.
🔷️Recently in 2018 company launched a range of 100% cold extracted fruit & veggie blends fruit nectars and Dairy free nut milks.
🔷️In India it’s available in major cities like Mumbai,Thane,Navi Mumbai,pune,nashik,gurgaon& Hyderabad.Also available at Big basket & Amazon.
🔷️Company is targeting 100cr sales from Second Nature in next few years.
🔷️Its main competitor are Raw Juices & Paper Boat.
Raw pressers commanding 500cr value & posted 15cr loss in 2017 and Paperboat did Revenue of 118cr & Loss of 44cr in 2018.
🔷️Company is expected to do profits of 20cr in FY20 & can fetch EPS of 16.
🔷️It’s new enterprise sector with lots of growth as can be seen as New Consumption Story.
🔷️This can also be seen as FMCG stock in next Few years and can get Higher valuation.It can be Multibagger in making in next 4 to 5 years.
Disc – All views expressed are personal and for study & Educational purpose only.Consult you financial advisor before taking any position based on above article.