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Saturday, 6 January 2018

KRBL Potential 50% returns in 2018-19

KRBL Limited NSE: KRBL, Fundamental call for 50% returns in 2 Years time frame

CMP: 623, P/e 24, P/bv 5.1, Mcap/sales 3.1, D/e at 0.57, Div Yld 0.38%, ROE 23%


About Company:

KRBL is an exporter of basmati rice and a significant player in the branded food industry since March 30, 1993.
The companyĆ¢€™s milling and packing units are located in Ghaziabad (UP), Dhuri (Punjab), Alipur (Delhi) and Gandhidam (Kandla) and Dhulia (Maharashtra). The company`s integrated unit at Dhuri is one of the largest in the world with capacity of 150 MTPH. KRBL`s total milling capacity has increased to 198 MTPH in FY07. Brand names include Royal, Zaffrani, Doon, Train, Al Wissam, Qiada, Al Bustan, Al Mithali, Indian Farm, Sun Flower, India Gate, Lion, India Gate, Nur Jahan, Aarati, Necklace, Bemisal, Shubh Mangal and Lotus.
Business areas of the company:
KRBL manufactures products like rice bran oil, furfural and de-oiled cakes. The husk is utilized to extract furfural and the bran used to produce around 50 tonnes of rice bran. It has a total bran oil capacity of 42 MTPD and furfural of 10 MTPD. The company has 10.5 MW power capacity using rice husk as fuel and a 3.5 MW power plant in Ghaziabad. It has a 12.5 MW windmill in Dhulia, Maharashtra with a power purchase agreement with MSEB. The company is ISO 9002, HACCP, KOSHER, and FDA certified. KRBL has earmarked around 200,000 acres of land for contract farming in Uttaranchal, Uttar Pradesh and Punjab. It has its procurement network for basmati rice that spreads across Punjab, Haryana, Uttaranchal and Uttar Pradesh.
It has a strong presence in the export market with 52% share of basmati rice market of USA and dominant presence in the Middle East.

Awards and achievements:
The company has been awarded the Super Star Trading House status by the Director General, Foreign Trade, Government of India.

Technicals:

* In Consistent Uptrend
* Probable flag breakout in Weekly charts
* Trend reversal signs in Daily charts

Fundamentals: 

SWOT Analysis for KRBL

SWOT Analysis for KRBL

Stock analysis KRBL

Stock analysis KRBL

Conclusion:

Considering the current financial growth, market opportunities and Promoters integrity, KRBL looking like a good investment company for the potential upside of 50% from the current levels for the time horizon of 1-2 years.

Disclaimer: Above is for educational purpose only, Pls consult your financial advisory before investing

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