Manali petrochemicals is a speciality petrochemical smallcap company. The companies earnings will be announced later this month and it is mulling dividend. The earnings are expected to grow 25% this FY end and thus the company might follow its policy of paying 10% dividend, i.e. Rs.0.50./share. This would translate into an dividend yield of about 9%. The company has performed consistently over past few quarters.
Sidd Lifesciences Pvt Ltd has been raising its stake in the company steadily. It acquired 6.65% of the total outstanding shares in August 2011, taking its holding up to 38%. The stock is fundamentally sound with
ROCE: 25.43%
Profit margin 7.9%
D/E 0.04
P/E 8.55 P/B 1.43
3 year earnings growth: 61.4%
They have managed to keep the revenue growth higher than that of expenditure. The stock price should appreciate considerably over the next 12 months!
Manali petrochemicals is a speciality petrochemical smallcap company. The companies earnings will be announced later this month and it is mulling dividend. The earnings are expected to grow 25% this FY end and thus the company might follow its pol...
Buy
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