JAYANT AGRO ORGANICS
We had recommended Jayant Agro Organics in Volume No. 33 Issue No. 40 (dated July 24, 2017) when the scrip was trading at Rs 996. Our recommendation was backed by factors like financial performance in FY17 and positive outlook in FY18. On August 1, 2017, the company had issued bonus shares in the ratio of 1:1 on the occasion of its silver jubilee year. The company now has become totally debt-free and is the world leader in castor oil processing. Its PAT has grown at a CAGR of 85 per cent in the last three years, and due to reduction in interest, the PAT is expected to increase in the upcoming years. The company is conducting R&D on many new products and more than 300 products are in the pipeline which may be launched in 1-2 years. Hence, we recommend our investors to HOLD the scrip at the current levels.