Amal Limited at current Level is Looking Good.
Cmp :- 137
Market Cap :- 94.10 Cr.
BSE code =506597
Company Profile :-
Amal Ltd is engaged in manufacturing and marketing bulk chemicals such as Sulphuric Acid and Oleum and their downstream products such as Sulphur Dioxide and Sulphur Trioxide. The plant is located in Ankleshwar, Gujarat, India.
Company's major Client is Atul Ltd.
Financial :-
Comparing to peers Amal Ltd has PE of 8.84 with Highest Yearly Net profit of 8.89 Cr in FY16..and EPS of 12.65 against PAT of 1.35 Cr in FY16 and Eps 1.92
Company posted Net profit of 1.39 Cr in Q1 FY17 against 0.39 Cr in Q4 Of FY16. Quarterly result is also increasing.
If we calculate and compare with average PAT of FY16 than at Q1 FY17 PAT at Rs 1.39 cr has Fallen at -37.4 %
over average PAT of the previous four quarters of Rs 2.22 Cr
Products :-
Amal Ltd manufactures Sulphuric Acid, Oleum 25%, Sulphur Trioxide and Sulphur Dioxide in its plant at Ankleshwar, Gujarat, India.
These chemicals are predominantly used by Chemical and Dyestuff industries.
Oleum Sulphuric Acid, Sulphur Dioxide, Sulphur Trioxide
Stock is trading at Currently 137. From here more 20-30% upside can be expected.
Earlier i have recommended Amal Ltd at 108 and than within short term it touched 52 week high of 207 with 90% returns.....
This time again recommend Amal Ltd for good returns.
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