CMP: 65.5 Rs
BSE Code: 524174
Market Capital: 636 Cr.
Face Value: 1
52 Week Low / High: 29.5/74.8
Book Value: 7
Price/Book Value: 9.34
Dividend (%): 0%
Promoter Share Pledge – Nil
TTM EPS – 2.34
P/E – 28.14
Part – 1 Company Overview:
Kesar Petroroducts was established in 2010 (incorporating the business of Shreyas Intermediates Limited) operating in pigment chemical sector.
The Company is among leading Indian manufacturers of Phthalocyanine Blue Crude and downstream products.
One of the best-known CPC players in the world coupled with a growing non-CPC play.
Kesar Petroproducts addresses the growing needs of pan-India clients as well as those in 15 countries.
Company is manufacturing the different types of pigments which are used for various application like Inks, Rubber, Plastic, Textiles, Paints industry.
Company is manufacturing dye intermediate Naphthalene which is used mainly as a precursor to other chemicals. The single largest use of naphthalene is the industrial production of phthalic anhydride.
Part – 2 Company’s products capacity:
CPC Blue Crude 18000 MTA
Alpha Blue 2400 MTA
Beta Blue 3600 MTA
K-Acid 840 MTA
Gamma Acid 360 MTA
Vinyl Sulphonate 1200 MTA
Sulpho VS 600 MTA
Part – 3 Company’s prominent clients:
Unilex Colours & Chemicals Limited
Alliance Organics LLP
Kolorjet Chemicals Private Limited
Hindprakash Tradelinks Private Limited
Part – 4 Kesar Petroproducts Limited- Shareholding Pattern:
Share holding Pattern
Percent of Share (%)
Promoters & Promoters Group
Part – 5 Financial Focus:
Focus on - Financial Results March 2017:
During the year (2016-2017) under review, the total revenue increased to 1733.29 million in comparison to the previous year (2015-2016) revenue of 1440.46 million up by 20% on YOY basis.
The EBITDA has increased from 158.4 million to 266.63 million up by 68% on YOY basis
Profit after tax increased to 200.82 million from 121.02 million up by 66%.
Focus on - Financial Results June quarter 2017:
For the quarter ended 30-06-2017, the company has reported a Standalone sales of Rs 42.60 Crore, up 3.59 % from last year same quarter June 2016 Sales of Rs 41.12 Crore.
Company has reported net profit after tax of Rs 8.03 Crore in latest quarter compare to last year June 2016 quarter profit 5 Cr. up 60%.
Stock CMP is 65.5 Rs. and stock is trading at P/E 28.1 & TTM EPS 2.34, based on all above investment points, stock may touch 90 Rs. within a years’ time horizon.
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.