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Multiyearsupport

PONNI SUGARS ERODE is ready to EXPLODE This is a NO BRAINER. Beautiful multi year retest at support from 2013. All you need here is Patience. Further the company fundamentals are good too. Debt Free The Co. became a zero debt entity by end Q1 FY22, while temporary surplus funds are being parked in Bank FDs, pending capex spend on its ethanol project. - Company is almost debt free. - Stock is trading at 0.76 times its book value - Company is expected to give good quarter - Debtor days have improved from 45 to 19 days. - Company's working capital requirements have reduced from 78 days to 54 days - PE Ratio is 8.6 vs its sector PE ratio of 14 - Annual Revenue rose 52%, in the last year to Rs 450 Crores. Its sector's average revenue growth for the last fiscal year was 22%. - Annual Net Profit rose 31% in the last year to Rs 38 Crores. Its sector's average net profit growth for the last fiscal year was 22.1%. - Quarterly Revenue rose 16% YoY to Rs 107 Crores. Its sector's average revenue growth YoY for the quarter was 7% - Quarterly Net profit rose 208% YoY to Rs 6 Crores. Its sector's average net profit growth YoY for the quarter was 11%. Ponni Sugars (Erode) Limited is a sugar manufacturing company. It is an associate of Seshasayee Paper and Boards Limited. It has a sugar factory at Erode (Tamilnadu) having a capacity to crush 3500 tonnes of sugarcane per day and generate 19 MW of power. Business Segments Sugar (71% of revenue) Power (12% of revenue)
NSE:PONNIERODELong
by CannySunny