Starch Industry is expected to perform well going forward mainly because of the expected reduction in raw material cost and improved demand from user industries like FMCG.Poultry ..etc.
Universal Starch chem Allied Ltd is a company from this sector which is started to showing encouraging financials.This Maharastra based company producing many starch related products like Maize Starch Powder,liquid Glucose,Destroxe Monohydrate and having good business relations with companies like Johnson and Johnson,Cadbury ,Hindustan Unilever..etc.For the latest June qtr ,company posted a turnover of Rs.27 Cr v/s Rs.21 Cr and a net profit of Rs.1.8 Cr v/s Rs.90 lac. EPS for June qtr is above Rs.3/- .Better performance is expected going forward,one can BUY @ Rs.36.5 for medium term.
Hi Valuepick... its an excellent research... there could be a re-rating on the cards for the whole starch industry due to the factors given by you.. poultry product esp. eggs prices are soaring worldwide which has already led to the rise of venkys, simran farms, srinivasa and now this piggybacking affect could take up starch companies ahead... uptrend in starch related companies have just started today with riddhi sidhi, sukhjit starch, anil products jumped on good volumes... smaller companies like universal starch may follow soon...
ReplyDeleteThanks for the great picks...
~~~~
Nitin
Impressive analysis backed with excellent comment by anonymous.
ReplyDeleteThank you to both of y ou :)
Dear anonymous can you give me your id.
we both can connect thru value pick sir. :)
hi mahesh... I think real 'thanks' goes to value pick... time and again he has come out with some real gems... OK well my id is niaggarwal79@yahoo.co.in.. and on moneycontrol i am writing through nike0679... pls let me know ur id too...
ReplyDeletehello valuepick ji ...can u pls give a fundamental call on shree digvijay cement co. and Choksi LAb.
ReplyDeleteHi Sir,
ReplyDeleteMy email id is naseembanu1971@gmail.com. Please let me know ur picks in advance (prior to posting here). Thank you very much.
You are a gentleman and I like your comments.
Thanks
Watz the news on lanco industries for a short to medium term..target..
ReplyDeletedear value pick ji NAMASTE
ReplyDeleteWHAT IS YOUR VIEW ON EDSERV AND KAVVERI TELECOM.
ARE THEY SOLID BETS FOR LONGTERM INVESTMENT?
KINDLY PROVIDE UR VALUEABLE VIEW.
THANKS IN ADVANCE
-SHARU
Dear Swwet
ReplyDeleteI think there is better companies available in cement space than shree digvijay,if we exclude the chance of a possible takeover.Ckoksi lab may consider in a dip, if ready to wait for long period.
Dear anonymous friend
ReplyDeleteSorry for not considering your request.I believe there is a problem of ethics for giving the scrip name to certain people in advance and later post it openly.
Dear Sharu
ReplyDeletePositive on Edserv in long term but skeptical on the management of Kaveri Telecom
Does ANDHRA CEMENT qualify for investment?
ReplyDeletedear value pick ji
ReplyDeletewhats ur view on selan exploration and jaihind projects.
kindly reply
thankss in advance
-sharu
whats ur call on anu's lab and sanraa media and praj ind. all these stocks are at half of my buy price
ReplyDeleteDear VV
ReplyDeleteOnly on pure fundamental basis ,better cos are available in cement space.May expect some consolidation in cement business going forward ,in such an event small cos may or may not gain.
Selan is a good stock ,but only for medium to long term.Not tracking Jaihind Projects.
ReplyDeleteAnu's lab and sanraa are pump and dump stocks played by operators - so no comment on it. Praj is ok,but not expect the gain as before.
ReplyDeleteDear Valuepick,
ReplyDeleteWhat is your view on K S Oils Ltd? Shall we enter now?
Regards
Manjunath
Bangalore
Sirji,
ReplyDeletePlease reiterate your view about Fluidomat.it's not doing well. I know it's very less time to judge any stock but if you can give your idea again...
hii value pick jii..1st thanks for considering my question
ReplyDelete...i ask abt shree digvijay cement for long term prospective .say about 5-7 yrs ..because what i think if this co. is not dilisted then there is 75% stake by chimpor group..the company has come profitable ( before that it is declared as sick co) it has a oprating margins near abt 13-15%...also increasing its capicity..so can u think ki ..chimpor (who has world wide presence in near abt 17 countries) make a turn around story. and am also ready to hold choksi lab for longer term ..so pls comment on that also.
extremely thanks .
Dear Mr manjunath
ReplyDeletei am not tracking KS oil
I have recommended Fluidomat @ Rs.29 which is currently @ Rs.30/-There is no reason to change previous opinion or make any new views on Fluidomat only because of slight movements (or no movement) in price without any change in fundamentals in between these periods.
ReplyDeleteDear SWWT
ReplyDeleteAny idea about the reason behind the Chimpor group's decision to not convert the preference shares
hi valuepick sir
ReplyDeleteany idea on sumeet ind, people are saying it will put good results again this qtr.
Dear VPji I have 500 shares of Pondy Oxide & Chemicals @ 36.99 plz advice me whether to remain in this counter for a term of 6 months or exit now.
ReplyDeletehii valuepick ji...again thanks for considering my comment.
ReplyDeletei dont hav exact idea abt the mgmts call not to opt for cps but i think ...that may be bcoz of 25% public holding criteria..as due to cps conversion into equity shares ...public holding will get further reduced..and they have to either make a open offer (to dilist ) or to make a further right issue to increase public holding ...
what is ur opinion on that valuepick ji...
thanks .
Dear Value Pick Ji,
ReplyDeleteAs correctly brought out by you - Starch industry is on an upmove. With leader in sector - Riddhi Sidhi, Anil and Sukhjit moving the chances of smaller cos like brought out by you UNIVERSAL STARCH will also get going. However, I wish to submit another small gp stk in this sector for ur comments - GAYATRI BIOORGANICS.
The advantage of Gaytri is that it is having a 0 debt ratio as compared to Debt / Equity ratio of 2.55 of universal. others factors are also comparable. Request ur esteemed opinion on Gayatri .
Manish...
Dear Manish
ReplyDeleteHuge equity is the only concern
Dear V Pji,
ReplyDeleteHave they published their 2009-10 Financial reports? If yes, where is it available? It seems that the latest published results is for 2008-09 and in that year they were on net losses.Soliciting your reply.
Regards & Thanks
Neeraj Sharma.
Dear Neeraj
ReplyDeleteWhich one ?,universal or gayatri bio ?
For universal:
http://www.bseindia.com/xml-data/corpfiling/AttachHis/Universal_Starch_Chem_Allied_Ltd_170810_Rst.pdf
For Gayatri Bio
http://www.bseindia.com/xml-data/corpfiling/AttachHis/Gayatri_BioOrganics_Ltd_020810_Rst.pdf
Dear V Pji,
ReplyDeleteMy question was about the financials of Universal StarchChem. I couldn't get their financials. Could you please help?
REgards,
Neeraj Sharma.
It is available in BSE site ,use the above link
ReplyDeletePromoter stake has come down from 56 to 50 % in last two quarter . Any comment on . Thanks !
ReplyDeletedear prashant promoter wants to sell that why value pick is recommending samja ker !!
ReplyDeleteHi Sir,
ReplyDeleteCan i buy Fluidomat now ? Currently my portfolio is as below.
Aries Agro 50@113-00
GEI Industrial 50@188-00
Int Travel Hous 66@196
Jubilant Food 21@540-00
Vivimed Labs 30@257-00
Do you think my portfolio is correctly managed? or do you suggest me some changes? can you please suggest me sir.
what is your views now on univesal starch
ReplyDelete