Hi Mr. Vipul,
This is regarding Jaysynth Chemical (now Jaysynth Dyestuff). I just glanced at their current financial numbers (FY 23) from Screener.in and found that they seemed to have failed to be a multibagger. This may be due to couple of reasons, not diversifying into newer verticals and unable to pass on the higher costs due to inflation to the end consumer. Having said that, the company has excellent balance sheet, no debt, great promoter shareholding percentage, etc. Since it is a cyclical stock now, I would like to buy at 0.5x the book value or below for a huge margin of safety. Any thoughts? Please correct me if I am wrong.
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