Jayant Agro Organics
Jayant Agro Organics is a global oleochemical company leading in the castor-based speciality chemicals. Castor oil has unique characteristics having wide applications in the chemical industry. More than 85 per cent of the global castor oil consumption is exported by India and Jayant Agro is a leading company in India supplying castor oil. On the financial front, revenue and net profit has shown growth of 20.8 per cent and 112.2 per cent, respectively, in FY17 on YoY basis. The company is issuing bonus shares (1:1) and the record date fixed for the same is August 2, 2017. The management is expecting double digit growth in Q1FY18. The castor oil is a renewable and bio-degradable product, demand for which is increasing worldwide. Considering the above factors, we recommend our readers to BUY the scrip.