Company: Bharat Rasayan Limited [BRL], is Bharat Group's flagship company which is one of the biggest manufacturers of technical grade pesticides in india. Its product portfolio consisting of insecticides, herbicides, fungicides, their formulations and intermediates which command a strong customer base.
Bharat Rasayan Limited [BRL] is a government recognized Star Export House. The company, with a dedicated team of scientists has more than 195 international registrations and has been exporting its products to more than 60 countries across the globe. BRL is a preferred supplier for several MNCs for their global demand of several molecules. The company has Government approved R&D Centre and a pilot plan focused on process excellence and supporting international registrations.
In addition to the existing manufacturing facility with a capacity of 5000 tonnes p.a, BRL has invested over $30 MN in a state of art manufacturing plant at Dahej (Gujarat) on a 105,000 sq. meters plot with a capacity of 15000 MTs per annum. This would enable BRL to upgrade its manufacturing technology and add new molecules to its portfolio.
Stock Price Analysis:
CMP:Rs. 924
Market Cap:Rs.393Cr
Source:icharts.in
Promoters are holding 74.76%
Last two quarter(jun 14 & sep 14) results indicate the improvement in both top line(sales) and bottom line(profits). If same is continued for next two quarters then profit will double compared to last year which was Rs 20Cr. With that stock price will also gain up to Rs.1800. So we can accumulate the stock on correction as it happens. Happy investing!!
Disclaimer: Please consider i have vested interest in the stock. This information is for educational purpose only, please do your own research before investing.
