Monday 11 September 2017

QUALITY DIWALI PICKS FOR SHORT TERM GAINS ............ (HANDSOME RETURN BY OUR RECENT PICKS TANFAC, JBM AUTO, HBL POWER )


# AKZO NOBLE INDIA LIMITED

# ASAHI SONGWON LIMITED 
 Asahi Songwon Limited is a Gujarat based company and is involved in manufacturing of pigments (Green-7 / CPC Beta Blue and Blue Crude). These products are used in various industries viz. ink, paper, paints, food, fabrics, etc.
- Company's clientele comprises global giants like DIC (Japan), Sun Chemicals (USA), Clariant Chemical India Ltd. and BASF (Korea).

Financial Summary:
Current Market Cap: Rs.406 crore
CMP: Rs. 333
Book Value Per Share: Rs. 127
FY 16-17 Sales Turnover: Rs. 258 crore
FY 16-17 EBITDA: Rs. 38 crore
FY 16-17 Net Profit: Rs. 25 crore
Debt Equity Ratio: 0.2
P/E: Around 16x

Promoters hold close to 66% of the shares in the company And DIC Corporation of Japan hold 14% equity in the company.  In the past two years, its margin has risen from 14% to 17% and is likely to reach 19% going forward. The top-line is expected to grow at 15-20% whereas the bottom-line is expected to grow at 20-22%.

CAN BE TAKE OVER CANDIDATE