SECTOR: DYES & PIGMENTS
Current Price: 3.10
ALL TIME HIGH/LOW: 156.90/2.65
Face value: 10
Book value: 48.44(CONSOLIDATED)
Chromatic India Limited which is engaged in manufacturing of chemical and chemical products. The Company is a manufacturer and supplier of chemical dyes, dye intermediates and basic chemicals. The Company's product range caters to textiles industries. The Company provides a range of reactive dyestuff based on vinyl sulfone and cyanuric chloride, which combines with cotton , viscose, polynosic and cellulosic fabrics. The Company's double anchor products include Chromazol Red BF-3BN, Chromazol Red Brown BF-BR, Chromazol Navy Blue BF-2BN, Chromazol Navy Blue BF-BN, Chromazol Blue BF-BR 150% and Chromazol Black HF-BR, among others. The Company's vinyl sulfone based products include Chromazol Yellow 160, Chromazol G.Yellow GRL, Chromazol Brill Orange 3R, Chromazol Red LRV, Chromazol Brill Red 5B, Chromazol Rubine GR , Chromazol Bordeaux B, Chromazol Violet 5R, Chromazol T. Blue G 133%, Chromazol Navy Blue GG , Chromazol Black B and Chromazol Black B-A.
Equity Cap: 71.05 crores
Reserves: 273.09 crores(Consolidated)
BONUS TRACK RECORD: 5:2 (IN YEAR 2010)
Loans: Secured loans: 4.33 crores
Unsecured loans: 2.34 crores
Total Assets: 350.81 crores
Yearly Net Sales: 40.74 crores(consolidated)
Yearly Net Profit: 2 lakh(consolidated)
Promoter Holding is 31.40% without any pledge shares, Cheetah Multitrade Pvt Ltd is the only name is promoter holding which owns 31.40% stake & also bought 10.52 lakh qty of chromatic at 4.58 in may 2013 as per bulk deals data.
Top Public Shareholding: Clareville Capital Opportunities fund holds 8.36% & Multiplex Capital holds 1.3% stake and multiplex capital also bought 4.30 lakh qty of chromatic at 4.17 in year 2014 as per bulk deals data. Recently LTSInvestments Fund Ltd bought 10 lakh qty of chromatic at 2.75 On 14th Dec 2015 as per bulk deals data.
Chromatic India invested 225 crores in chromatic international FZE for overseas operations & its yet to commence any business and we all are waiting for update regarding this chromatic international FZE.
So, based on all above information I believe that there is great margin of safety plus my simple logic says if promoters & other top public holder like multiplex capital have bought chromatic shares at an avg rate of 4 then we as an investors have an opportunity to buy along with them for long term investment as risk-reward ratio is favourable with very minimal or no downside risk & high upside potential. I like to add one more point that if any positive news related to improvement in topline(net sales) & bottomline(net profit) will act as a positive trigger for chromatic india share price & it may give multibagger returns to long term investors.
Disclaimer : The stock picks are purely a view point of individual and there is no guarantee on the returns. Hence all the visitors are requested to apply their prudence and consult their financial adviser before acting on any of the recommendations by this any of its mode. I do not take responsibility of any losses incurred (if any) by acting on the recommendations.
ONE CAN READ BELOW GIVEN REPLY AND GET MY UPDATED VIEW AND REASONS WHY THIS STOCK PICK IDEA IS CLOSED. CHANGE IS CONSTENT AND I LIKE TO BE WITH ANY STOCK TILL ITS FUNDAMENTALS + TECHNICALS ARE INTACT.
Chairman & Managing Director very pro active c the shekhawati poly future plan u must search YouTube
And the company also listed in NSE .the company is texstyles company main advantage for shekhawati poly is a b categori stock just look at the June seals 29 cr rs and march result sales 27 cr rs .company debt is year 2016 182 cr rs seure loans and year 2017 company debt 156 cr rs secure loans and company have 3 cr rs in bank account cash in bank and company promoter securities deposit by agreement not plage120 cr rs amount stock that means the company have to pay very low interest rate for 120 cr rs.. The summary of all 186 cr rs - 156 cr rs =26 cr rs reduced debt company in process of reduce debt very good for the company in future . now according 2017 the company debt amount 156 cr rs - company promoter security deposit by argument not plage to bank stock amount 120 cr rs(156 cr rs -120 cr rs) = 36 cr rs - 3 cr rs cash in hand = 33 cr rs have to pay to the bank and company also apply NPA for reducing 33 cr rs interest.. According to me basis of this debt amount very small only 33 cr rs very good for the company have only 31 cr stock - 15 cr stocks promoter hold =16 cr stocks hold by retailer .. Also the company life high is 6.90rs made in 2011 when nifty traded 2500 point only and company posted every 3 months result sale of 4 to 6 cr rs on average now in year 2016 to 2017 company posted 25 to 28 cr every 3 months result and promoter of the company very strong they r increase holding 49.12% that's the reason I am thinking positive ...according to me u.c rally have to start very soon buy for target 3 rs atlist ..the target will archive in u.c rally.. Texstyle stocks r in bull run now ..secure loans mean company deposit his pure asset to the bank. Shekhawati poly also NSE listed company any one want to buy shekhawati poly the stock available in NSE for buying ...very soon lock in u.c NSE and bse to shekhawati poly long target 5.75rs on shekhawati poly adopt Ind a.s for odey sebi all guide line.. Company management very clear and strong very under value stock life high is 6.90rs
And plz also if u have any news about this company.