Marico Kaya (MaKE)

Special situation –

1. Kaya have hived off loss making international operations
2. Plans to be debt free business in next two quarters with total debt 195 cr being repaid by 50cr sales proceeds of international business and remaining 145cr through rights issue.
3. India operations having decent growth and EBITDA margins of 28% should command good valuations hence getting rerating
4. All india stores are profitable and guiding for rapid expansion.
5. Needless to say promoters are Marico owners.
   

Disc – Invested this week.