MANGALAM ORGANIC RECOMMENDED@300 HAS ALREADY GIVE ALMOST 100% RETURNS IN JUST 6 MONTHS.
OLD LINK :
https://wealthcreatures.com/2018/10/09/mangalam-organics-camphor-growth-story/
CURRENT OVER VIEW :
🔷️Over a period of Time Mangalam Organic has successfully increased its production capacity & sales area.It has also maintained its Quality.
🔷️Mangalam organic had planned capex in 2018 to double its capacity & is expected to get completed by May or June 2019, Which would give booster to companies Earning going forward.
🔷️Companies focus on value added products & Tie up with French major DRT is game changer for company
🔷️Mangalam organic is expected to capture big space in Camphor space in next 2 to 3 years & Would get higher valuation as company would also get Retail touch.
Camphor prices & production :
🔷️China the leading producer of Camphor has reduced its camphor production due to shortage in raw material and expensive labour as less people are ready to work in forest.
🔷️Consequently, China which was net exporter of Terpene and Resin has now become net importer. As a result the industry has now become a level playing field for the companies across the globe which is benefiting companies like Mangalam organic.
🔷️Mangalam organic Q4 FY19 Numbers are expected to be good & Company can Report Net Profits between 85cr To 90cr for full year & For Next year it can Report PAT around 135cr to 140cr
🔷️WE@wealthcreatures had given Targets of 770 & 1050 which we feel can be achived in next 12 to 24 months.
Disc – All views expressed are personal And purely for Educational and study purpose only.consult your financial advisor before investing based on above article.
WealthCreatures 