CMP – 74
MARKET CAP – 100 cr
BOOK VALUE – 143
52wk HIGH/LOW – 173/56
5 Year HIGH/LOW -245/25
FACE VALUE – 10
DIVIDEND YIELD – 6.75%
FY20 EXPECTED EPS – 33.50
💢Shreyans Ind is an Eco friendly Paper Company based in Ludhiana.It is engaged in production of paper from Agri waste (bagasse Rice husk etc). It has two plants and both are located in punjab.As punjab is considered as agriculture capital of India, where Agri waste is available in abundance and hence, Shreyans Inds has cost edge over it’s competitors of pulp route.
💢 FY19 sales 564cr & PAT for FY19 was 46cr.Company it Trading cheap as it’s current market cap is just 100 cr.Company has Decent ROCE @ 35% And ROE@26%.Dividend Yield is also very attractive in current environment.Debt to equity is 0.14 only.
💢Best buy accumulation zone between 60 to 70 zone for investment.it seems 56 wont be tested again.But below 60 it can make a new low as markets are volatile.Aggresive players can add at CMP of 74 and keep adding on DIPS.S/L as per individual Risk.
Close above 80 can take STOCK to 95/105+ zone for bounce.Longterm this can be 250+
Disc – All views expressed are personal and for Educational and study purpose only. Consult your financial advisor before investing or taking any position based on above article.