cmp-160 Arfin India Ltd. forayed itself as a prominent name in the Aluminum Recycling and Ferro Alloys segment in the year 2001. With a progressive vision and the requisite industrial capacity, the company is today regarded as a name to reckon with in its segment of business. Arfin is a registered member of the Aluminum Association of India, BIR (Bureau of International Recycling) and MRAI (Metal Recycling Association of India), which are all considered to be esteemed associations in the Indian Aluminum Industry. Arfin estimates to further its progress by commissioning new Alloy Inglot plant to better meet the growing requirements of the Automobile Industry. Products--- Aluminum Deox Aluminium Alloy Ingots Aluminum Drawn Wire Aluminum Wire Rods Aluminum Automobile Components Cored Wire Mill Financials: Eq.Cap --3.02cr--EPS 15.87--PUBLIC SHARE HOLDING -27.73% --F.V.10---Dividend-10% -PE 10 Turnover increased from 168.91cr to 249.95cr and NP from 3.09 to 4.67cr during 2011-to 2015.Turnover for the current half year ended Sept 2015 was 133.98cr and Np for the same period stands at 3.06cr.The company has a healthy ROCE of 23.20 and D/E ratio of 1.90 The scrip at 160 looks attractive.
Sir market cap is 45 crore. Nos of shares transacted is 27 shares today. How one can buy such a small stock with no liquidity? Is it not dangerous because when you want to sell there may be no buyers?
Dear Srouta ji, Risk is involved everywhere and in all walks of life. One has to take a calculated risk.When I suggested Umang dairy at 71, some say it is recommended elsewhere or its heavily debt burdened and it went up to 91., When I said KG Denim at 29 , people said it is better to be with leaders like page and kitex-- it touched 60 levels, When suggested NDL at 61, there was'nt any response till the time that the news of Dolly entered the stock was out, and it went up to 174. And MERCURYLAB too. But by the time the stock fulfils all the rules of Buffet, it will be unreachable for us either. I therefore think , it is better to have a well diversified stock list, allotting small portion for each and get in with a calculated risk else could be left out with out any participation. I am just putting my views.Its up to the investors to take a call
Promoter holding is 72.25% The Company is diversifying the product portfolio from Aluminium Products to Cored wire Products, Automobile Alloy Products, Conductor and Cables. Company successfully commissioned 2400mt cored wire products in March'15.Installation for production of automobile alloy products done --production to start.The new entries in cunductor cables is expected to start commercial production by Dec'15.The company achieved 233% CAGR growth in EBIDTA in the last 3 years.
Arfin looks to be a Multibagger. Anybody can share views on the possible target considering its CAGR, CHART, etc.
Considering the EPS, what's your take on arfin's target price ? Can it still be added as it has come down in present volatile market ?