Sadhana Nitro Chem Ltd | Investing | Finance | Speciality Chemicals | Nitrobenzene | Share Guru Weekly

27/06/2018 17:59:28
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BSE Code: 506642

Face Value: Rs 10.00

Market Price: Rs.578.7/-

(As on 28 Jun 18 | 16:00 )

 

Sadhana Nitro Chem is a speciality chemicals company. It manufactures and sells chemicals such as Nitro Benzine and its byproducts Metanilic acid, Color Formers, Dibutile, and Cheto acid. The company is going to change its name into SNCL Ltd. It is in the process of acquiring two companies -Strix Wireless SystemsPvt Ltd and Spidigo Net Pvt Ltd. it is also setting up a solar power unit  with Rs 4.28 Cr. The promoters, who subscribed to 15 lakh preferential convertible warrants in April 2018, are again  taking 12.45 lakh  warrants thus, providing Rs 40.71 Cr to the company. These warrants   are convertible  into equity shares at a conversion price of  Rs 327. Post conversion, their stake will be surpassing 71.65 %.

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https://youtu.be/c4fk-XtEMIs

In the fourth quarter ended March 2018, the company earned Rs 21.49 Cr as Net Profit as against Rs 1.16 Cr in the same period of the earlier year.

The Net Profit  spiked to Rs 30.67 Cr in FY18 from Rs 0.39 Cr in the earlier full financial year 2016-17. The Earnings per Share rose sharply to Rs 33.30 in FY18 compared to Re 0.42 in the previous year. It is worth mentioning that these extraordinary profits were from ordinary business operations.

After a gap of ten years, the company is paying a dividend of Re 1.00  per share (10% of the Rs 10 face value) . The share has potential to become a multibagger.

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