Short term delivery - Buy Paushak Ltd

Paushak Limited is engaged in the development and manufacture of phosgene based specialty chemicals and intermediates, reported its financial results for the quarter ended 31st Dec, 2014.

The company’s net profit increased by 112.59% and stood at Rs. 30.40 million against Rs. 14.30 million in the corresponding quarter ending of previous year. Revenue for the quarter increased by 48.05% to Rs. 178.40 million from Rs. 120.50 million, when compared with the prior year period. Reported earnings per share of the company stood at Rs. 9.47 a share during the quarter as against Rs. 4.45 over previous year period.

 Profit before interest, depreciation and tax is Rs. 47.40 million as against Rs. 29.50 million in the corresponding period of the previous year.

At the current market price of Rs. 401.10, the stock P/E ratio is at 11.22 x FY15E and 9.83 x FY16E
respectively.

Earnings per share (EPS) of the company for the earnings for FY15E and FY16E are seen at Rs. 35.76 and Rs.40.81 respectively. 

We recommend Short term delivery Buy Paushak Ltd in the range of 405-415 for a target of 435/450/465

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Long term best value pick - freshtrop Fruits Ltd - a decent one

COMPANY PROFILE

Freshtrop Fruits Limited is engaged in the export of fresh fruits and processed fruits. The company operates in two segments, Fresh Fruits and Food Processing. The Fresh Fruits segment supplies fresh grapes, pomegranates, and mangoes. The Food Processing segment supplies mango pulp, guava pulp, pomegranates concentrate, tomato paste and puree, gooseberry pulp, clarified products, and red papaya.

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Long term best value pick - skm egg products

SKM EGG PRODUCTS EXPORTS  -A HUGE MULTIBAGGER

This company is jointly promoted by well known SKM group and Tamil Nadu Industrial Development Corporation Limited(TIDCO) .Out of the Rs.26 Crore equity , TIDCO holding about 7.58 % and Individuals from promoter group holding another  46 % stake.( This data is based on June quarter share holding and promoters made lot of market purchases in June-September period) .Belgium based Belovo Engineering holding another  5 % stake in SKM .Belovo Engineering is part of BNLfood Group which supplying  Egg Science & Technology ,producing and marketing eggs, egg derived nutraceutical ingredients and food ingredients. Plant of SKM itself established with the technical support and collaboration of BOLOVO.Company’s manufacturing facility is located at Cholangapalayam 

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