On May 15th they have announced 100Cr capex to setup Biodiesel plant.
Last year sales 14,000 Cr
Market cap 2,000 Cr
- Currently they operate on 1% NPM this can go up.
- Biodiesel fits well into their current business as
they produce feed stock themselves. - Kotyark made a killing in this space and their net
block is around 90Cr so this vertical is significant. - Huge supply gap and no need to even think of
market size. - Promoter bought ~1% stake in recent quarter.
Cons:
- They don’t do con calls.
- FY24 EBITDA is 295 Cr but the intrest expenditure
is 117 Cr. This is huge considering their total debt
is 700 Cr approx.
Bought today in the market fall @ 136
Technically the chart looks good.
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