JAYANT AGRO OR­GAN­ICS

Flash News Investment - - RECOMMENDATIONS -

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.

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