Parag Milk Food Limited | Try To SIP In

 

Parag Milk Food is an upcoming diary production brand. Started in 1992, the factory is located on the Mumbai-Noida highway.


BRANDS AND PRODUCTS

KEY FINANCIALS

Current Market Price (CMP): Rs. 253.3 – Rs. 254.30

Market Capital (Avg): Rs. 2200 Cr.

Book Value: Rs. 47.72

EPS: 1.20

P/E: 37/38, Which was around 58 in the recent past. Has been reduced drastically within a short span of time ( 2 Months ). Which can be considered as a positive indication towards it’s price stability.

P/B: 5.31 Which is less than Vadilal Ind (7.62), Britannia (18).

Face Value: Rs.10 That’s what many good businesses keep-up their face value.

Dividend (%): 0. May consider it as, the company is utilising the profits entirely for its growth. Hence the huge growth rate can be expected. 52 Week low /high: Rs. 201.75 /Rs. 357. I hope it will soon cross the 52 week high.

GROWTH RATE

There is a considerable improvement in sales of Rs. 14 Cr for the quarter ended March 2017, as compared to the previous year. That’s in comparison with the quarter ended March 2016.

The Net Profit for the financial year 2014 is Rs. 16  Cr., whereas by the year 2016 it has been improved to Rs. 47.30 Cr. That’s we can consider as a growth rate of around 200% for 2 years. It may jump to 400% for the coming 2 years, technicals are Suggesting.

TECHNICALS

Consolidation phase is over. What’s left is the distribution phase. During distribution phase, who are really going to gain are the long term investors. One big tally takes the stock value to the level that will surpass all our expectations. Better to keep invested to be the part of that in imaginable growth and prosperity.

Don’t forget to write your valuable comment below.

Dare to reach the target price here

Updates

  • Today, ‘Buy Signal’ has been triggered. Just buy and hold for the short-term target of 290+ (04/10/2017)
  • Parag Milk Foods announced the launch of a digital TVC for its whey protein product – Avvatar Absolute whey protein.
    Powered by Capital Market – Live News