1 Gem - Revealing Stocks

1 Gem – Revealing Stock

Tanfac Industries Limited

It is a joint sector company promoted by Aditya Birla Group, which holds a 25% stake in the company, and Tamil Nadu Industrial Development Corporation (TIDCO).

The company began commercial production in March 1985 and is amongst the leading producers of Hydrofluoric Acid and its derivatives.

  • Market Cap ₹ 697 Cr.
  • Current Price ₹ 698
  • High / Low ₹ 779 / 178
  • Stock P/E 16.8
  • Book Value ₹ 111
  • Dividend Yield 0.50 %
  • ROCE 35.2 %
  • ROE 23.5 %
  • Face Value ₹ 10.0
  • Int Coverage 59.3
  • Sales growth 3Years -2.97 %
  • Return over 3years 44.8 %
  • Debt to equity 0.00
  • EPS ₹ 41.5

PE’s of similar chemical-based product companies

 

                                                PE           EPS         PRICE    BV       P/BV      FV

Tanfac Ind                           16.83     41.50     698         111         6              10

Navin Fluorine                   85.00     51.10     4189       348         12           2

SRF                                      52.48     50.10     2626       254         10           10

Gujarat Fluorochem             –           -0.61      2714       351         7              1

National Peroxide            88.00     -4.75      1852       1889       0.98        10

 

Price Projection

With a healthy Book Value and EPS 41, as a conservative minimum if not in the ’80s expect the PE 45, expect from CMP 698.00 a Price of 1700.

Based on the price to book value ratio can expect the price to come to 1400.

Target 1400-1700 OVER 6-12 months.

Daily Chart

Monthly Chart for Long Term View.

With another 12 year’s candles price of 1700 is very likely.

Company Results

More to Read on the company:

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