Jagdamba Polymers Ltd - CMP 780

This illiquid stock is under my scanner since it was Rs 400 levels and I have been accumulating it in small quantities. It seems no one has shown interest on this till now.

So first time I am posting about it publicly.

Market Cap - 66 cr
Sales 147 cr
OPM 18 cr
OPM 13%
Other Income 0
Share Capital 0.88 cr
Debt 40 cr

CMP 780

The business of the Company falls under a three segment namely:-

• Technical Textiles / Woven Sacks
• Woven Fabrics / Packaging Products
• Wind Mill Power Generation Income

Opportunities: India’s technical textile industry is expected to grow at a rate of 20 per cent annually to touch USD 30 billion over the next five years. “In view of the growing demands, the country’s technical textile industry is expected to grow at a rate of 20 per cent annually to touch USD 30 billion over the next five years by 2022,” The government is promoting the growth of technical textiles in the country and is implementing four schemes for the purpose namely technology mission, scheme for strengthening of database and standards for technical textiles, scheme for usage of agri-textiles in north-eastern region, and restructured technology up-gradation fund scheme

Threats:

• International fluctuation in petroleum products may affects prices of raw materials
• No –bio degradable
• Competition from domestic players as well as international players.
• The reasons for low penetration in this market are several, such as scattered production structure, inadequate research and development (R&D), lack of skilled personnel. Another major contributing factor is that there is lack of awareness about the benefits of using technical textile and therefore leading to low consumption. So, India still has to make its presence felt in the world technical textiles market, which earns that a highly unexploited market is waiting to be explored.

The Risk associated with the Stock is low or negligible volumes. This is not a stock which you buy today or sell after 15 days. Consider it only if you can hold it for at-least 2 years. There could be sharp movements in the price.

BSE halt is also present due to which it can not move more than Rs 896.70 till 29/09/2017

 

it is good , some of the promoters stake is in pledge
volume is very low 2-3 thousand shares daily
otherwise valuation is attractive
Indian bank mutual fund also invested in this company 4.5 %

good stock picking sir , micro cap stock 66 .5 cr. market cap is attractive

 

Thanks but Promoter stake is not pledged and yes Indian bank MF is invested. Also has a dividend track record of 10%.
This may reward heavily in future.

Just like BPL, Datamatics and Vedavaag, lets hope porinju finds my this pick too

 

Chairman and MD Ramakant Bhojnagarwalla 'S some shares in pledge , but is not much bad point ...otherwise it is a good stock , liquidation and buyer and seller price gap is the main problem

please see attached file with this post ..click on that image for better view

 

Had kept a big qty buy order but got only 7 shares at 722.15
Will try again on Tuesday.

 

Yes low volumes is a concern. Even i am trying to buy it constantly but hardly 10 shares get executed daily and that too at 5 % higher than cmp.

Stock has great value and will buy more if someone sells in good quantity.

 

Stock is ruling at Rs 1533 now.

 

Your Magic has worked again as usual guruji

Any new idea for your worshipers this Diwali?

 

Thanks for your kind words.

Quarterly price limit has revised to Rs 292 and stock is hitting 5% uc daily

 

Jagdamba Polymer has reached INR 3090 (before split) and INR 309 after split.

4 times from my price.

 

Stock has reached Rs 8840 before split and Rs 884 after split.
@kharb

 

Crossed 10000 mark (before split)