The company earlier known as Jhunjhunwala Vanaspati Ltd is in the business of producing hydrogenated vegetable oil and refined oil.
- Markets its products like vanaspati ghee, refined soyabean oil and mustard oil under a well recognised and established brand name 'Jhoola'
- It caters to over 30% of the consumption of hydrogenated vegetable oil and refined oil in Uttar Pradesh, Jharkhand and Bihar
- Created manufacturing facility by acquired one unit in Rajasthan for production of mustard oil and with its joint venture in Sri Lanka for production of Vanaspati ghee. This has helped the company to increase its production and reach out new markets and customers in North and West India.
- Company has stabilized its scheduled production at its refinery, vanaspati unit of 570 MTPD capacity at Pehleja, Bihar in June09
- FIIs have baught 18% shares of this co in 2nd qtr of FY010
- In first of FY010, co has posted revenues of 520 crs and net profit of 14 crs with EPS of 14.7
Stock is undervalued compared to peers like KS Oils, Ruchi Soya, ATF, Gokul Refoils. Presently trading @ P/E of 4 below its book value of 150.4.
Invest for a period of 1 yr..... Tgt 150+...
1 comment:
finally ppl 've started buying this fundamentally sound stock.... crossed the tgt of 150 in just 3 months.... :)
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