11 feb 2023
Chemfab Alkalis Ltd Asc. Triangle: Weekly Basis. Trend Reversal Price / Vol. BreakOut. Price Resistance@297. Once crossed, Good to Go till 326. With Upside, Trail SL Book Profit as per Risk Appetite Snapshot Estab: ‘83. Into Mfg. of basic Inorganic Chemicals, PVCO pipes. Sep’22: 155 TPD of caustic soda / 6000 MTPA of PVC-O-Pipes. Produces Chlorine, Hydrogen, Sodium hypo chlorite, Hydro chloric acid as by-products. Capex: Setting up 250 TPD Caustic soda, Desalination & Aluminium chloride: 10000 TPA) Plant. Completion: Next 3 Yrs. 10,000 TPA. Cost: Rs.450 Crs (D/E: 4:1) Growing demand from key end-use industries like Textiles, Pulp / Paper, Aluminium, Pharma, Agrochemicals, etc. Sales / Profitability: Growing on Yrly/Qtrly Basis (Abbr. Sep’22 Qtr/FY21). RoA/RoE/RoCE: Continued growth on Yrly basis. High C&CE bal. Nil Debt, Strong TNW, +ve CF from Ops. Since FY17. Improving WC Cycle. Constant Promoter stake at 73% Concern: Subdued results of PVC-O Pipes Div. Cyclical uptrend currently. RM Volatility. Competition from Large Cos. Do Your Own Research as Well. This is Just an Opinion. Happy Investing :)