CMP – 193
MARKET CAP – 62cr
BOOK VALUE – 378
52wk HIGH/LOW – 453/147
5 Year HIGH/LOW – 809/147
FACE VALUE – 10
DIVIDEND YIELD – 0.75
FY20 EXPECTED EPS – 40
💢Indoborax had a Great Rally stock was trading at Rs.1.40 in 2003 and in 2018 it made a High of Rs.809.Indoborax Gave almost whopping 577 Times Returns or you can 57000% Returns.Regular Dividend paying company from 2007.Though dividend distribution is not that Great.
💢Its Debt Free company.company is mainly into 2 Chemicals BORAX: Also known as Tech Grade Powder mainly Used in industry like Fertilizer (micronutrients), Soap Detergents, Boron Chemical,Leather,Welding,fire insulation etc
BORIC ACID: Makes pharma grade Boric Acid which is also used for Eye Wash, Skin Ointment, Foot powder, Skin cream, Mouth Wash etc.
LITHUM HYDROXIDE : Used in EV Batteries.
💢Indo Borax is the only manufacturer of Boric Acid in India.It also enjoys high margins as it has in-house power generation and tightly controlled overheads.
FY20 EXPECTED SALES 100 Cr AND PAT CAN BE 14 -15Cr.
💢stock has support at 182/175 and below that can Test New lows of 147 also.Resistance at 204 And above it can see good run up,As many Chemical stocks has seen good run up.stock has potential to TOUCH 400 to 500 in 2 to 3 years.Agressive players can add on DIPS and safe investors can add near 52 week lows.
Disc – All views expressed are personal and only for Educational and study purpose. Consult your financial advisor before investing or taking any position based on above article.