Fourth largest manufacturer of Chlor-Alkali has given breakoutHello Everyone, i hope you all will be doing good in your trading and your life as well, i have brought another stock from chemical sector which produces Chloralkalis: Caustic Soda Lye and Flakes, Liquid Chlorine, Hydrogen, Caustic Potash Lye and Flakes, etc. Company belongs from solid fundamentally Meghami Group. it is the fourth largest manufacturer of Chlor-Alkali in India.
Stock has already given breakout of Triangle Pattern on weekly timeframe and after retesting the breakout level stock has given breakout of neckline of previous highs. Now there is high probability stock should fly from here towards our given targets on charts. Stock is good to hold for long term also, this can give you multifolds returns in long term. For short term and near long term targets i have already placed on chart.
Market Cap
₹ 5,092 Cr.
Current Price
₹ 1,226
High / Low
₹ 1,277 / 811
Stock P/E
26.0
Book Value
₹ 272
Dividend Yield
0.41 %
ROCE
32.1 %
ROE
39.4 %
Face Value
₹ 10.0
Industry PE
18.6
Debt
₹ 971 Cr.
EPS
₹ 47.2
Promoter holding
71.4 %
Intrinsic Value
₹ 1,483
Pledged percentage
0.00 %
EVEBITDA
12.4
Change in Prom Hold
0.00 %
Profit Var 5Yrs
18.3 %
Sales growth 5Years
29.6 %
Return over 5years
%
Debt to equity
0.86
Net profit
₹ 196 Cr.
ROE 5Yr
37.7 %
Profit growth
-47.8 %
PROS:-
Company has delivered good profit growth of 18.3% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 36.8%
Debtor days have improved from 46.8 to 27.7 days.
CONS:-
Company might be capitalizing the interest cost.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
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