Dear Readers,
I would like to inform you that Yeasterday Rishiroop was in 20% buyer circuit and i recommended Rishiroop at 52Rs for the short term target of 80Rs.
Today it touched 52 week high 70 Rs. Hence You can book the profit today.
Now it is fatching 36% profit within a two months.
Refer below details report.
Happy Investing
Kamlesh
-------------------------------------------
Short & Sweet
I would like to inform you that Yeasterday Rishiroop was in 20% buyer circuit and i recommended Rishiroop at 52Rs for the short term target of 80Rs.
Today it touched 52 week high 70 Rs. Hence You can book the profit today.
Now it is fatching 36% profit within a two months.
Refer below details report.
Happy Investing
Kamlesh
-------------------------------------------
Short & Sweet
Recommendation:
Buy Short term target: 80 Rs.
Date: 15/06/2017
RISHIROOP LTD
By Kamlesh Bavrva
CMP: 52
BSE
Code: 526492
Market
Capital: 51 Cr.
Face
Value: 10
52 Week
Low / High: 30/69
Book
Value: 57.5
Price/Book
Value: 0.92
Dividend Yield (%): 1.52%
Part – 1 Company Overview:
§ Rishiroop
Ltd. formerly known as Puneet Resins Ltd.) was incorporated in 1984 in the
State of Maharashtra.
§ The company
has factory at Satpur MIDC, Nasik.
§ It has
received ISO 9001:2000 Certification. and has been a pioneer in introducing
various grades of rubber compounds in India.
§ Currently
its products are exported to various developed markets across the globe.
§ The
Company has been manufacturing Rubber & PVC Compounds which have
specialised properties such as oil resistance, flame retardancy, ozone
resistance, fuel and solvent resistance, etc. These compounds are used to make
products such as petrol hose, LPG tubes, footwear, auto parts, protective
clothing, seals, conveyor belts, etc.
Product manufactured by
the company:
1.Vulcanol
|
|
Vulcanised Vegetable Oils - For Natural
& Synethetic Rubbers
|
|
"Vulcanol"
(Vulcanised Vegetable Oils) is the trade name encompassing a wide variety of
vulcanized vegetable oils. These materials are produced by the reaction of
vegetable oil with sulphur or sulphur monochloride. The "Vulcanol"
range offes a wide choice of grades that can perform as processing aids,
extenders or as a plasticizer for rubber base formulations.
|
|
"Vulcanol"
plays an important role in achieving specific set of properties in a rubber
product, besides, felicitating smooth processing.
|
2.VinoPrene - Vinoprene are a group of
nitrile rubber (NBR) / Polyvinyl Chloride (PVC) blends. Certain grades of NBR
and PVC are highly compatible at any blending ratio. The blend partners retain
their critical individual properties while improving their overall properties
synergestically.
3.Vinoplast
- Vinoplast is the family name of NBR/PVC Polymer blends where PVC
is equivalent or dominant blend partner. These materials are available in
granule as well as sheet form and processed in the same equipment of standard
plastics. Products from vinoplast blends demonstrate excellence in abrasion
resistance, oil resistance and ozone resistance. Like other plastics, most of
the grades are reprocessable.Vinioplast is available in three regular
grades, 510, 511 and 582. These grades differ primarily in mooney viscocity and
NBR/PVC/Plasticizer blend ratio.
Financial:
In the March 2017 quarter Company
v Net sale increased from 38.54 to 46.08 Cr.
v Profit increased from 2.46 to 3.6 Cr.
(in Cr.)
|
2017
|
2016
|
2015
|
2014
|
2013
|
Equity
|
9.7
|
5.22
|
5.22
|
5.22
|
5.22
|
Reserve and
Surplus
|
46.08
|
42.59
|
15.1
|
14.47
|
13.2
|
Revenue
|
48.2
|
38.54
|
28.64
|
35.55
|
44.24
|
YOY%
|
25.064868
|
34.567039
|
-19.43741
|
-19.64286
|
|
Other Income
|
1.63
|
2.67
|
0.67
|
0.72
|
0.25
|
Total Income
|
49.83
|
41.21
|
29.32
|
36.27
|
44.49
|
Expenditure
|
-44.41
|
-37.33
|
-27.03
|
-33.03
|
-40.53
|
Interest
|
--
|
-0.18
|
-0.08
|
-0.12
|
-0.17
|
PBDT
|
4.88
|
3.71
|
2.2
|
3.12
|
3.79
|
Depreciation
|
--
|
-0.61
|
-0.43
|
-0.34
|
-0.34
|
PBT
|
4.88
|
3.1
|
1.77
|
2.78
|
3.45
|
Tax
|
-1.39
|
-0.64
|
-0.39
|
-0.78
|
-1.2
|
Net Profit
|
3.49
|
2.46
|
1.38
|
2
|
2.26
|
EPS
|
--
|
4.6
|
2.65
|
3.83
|
4.32
|
CEPS
|
3.6
|
5.89
|
3.49
|
4.49
|
4.97
|
OPM %
|
10.12
|
10.07
|
7.99
|
9.13
|
8.94
|
NPM %
|
7.24
|
6.39
|
4.83
|
5.62
|
5.1
|
D/E Ratio
|
0
|
0
|
0
|
0.0010858
|
Rishiroop Ltd Shareholding Pattern:
Rishiroop Ltd Share holding Pattern
|
|
Description
|
Percent of Share (%)
|
Promoters
|
70.97
|
Public
|
29.03
|
Total
|
100
|
1.
Revenue up by 25% YOY basis.
2.
Profit rise 42% YOY basis.
3.
Strong point is company reserve and surplus
has increased every year which is a
excellent sign.
4.
Zero debt company
v Stock CMP
is 51 Rs. and stock is trading at P/E 14.67 & EPS 3.6, Based on above all
points stock may touch 80 Rs. within 6 months time horizon.
Please note:
v Note: The articles are not research reports but assimilation of
information available on public domain and it should not be treated as a
research report.
Registration status with SEBI: I am not registered with SEBI under the (Research Analyst) regulations 2014 and as per clarifications provided by SEBI: “Any person who makes recommendation or offers an opinion concerning securities or public offers only through public media is not required to obtain registration as research analyst under RA Regulations”
Disclosure:It is safe to assume that I might have the discussed companies in my portfolio and hence my point of view can be biased. Readers should consult registered consultants before making any investments.
Registration status with SEBI: I am not registered with SEBI under the (Research Analyst) regulations 2014 and as per clarifications provided by SEBI: “Any person who makes recommendation or offers an opinion concerning securities or public offers only through public media is not required to obtain registration as research analyst under RA Regulations”
Disclosure:It is safe to assume that I might have the discussed companies in my portfolio and hence my point of view can be biased. Readers should consult registered consultants before making any investments.
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