Monday 11 May 2015

NGL FINE-CHEM LTD. - RESULT UPDATE

NGL Fine-Chem Ltd. posted on the blog at 71 on 20th November 2014.
Company has announced March 2015 quarter numbers as follows.
 
As seen above: Sales have grown by almost 12% while Net Profit has witnessed a huge 85.20% bump up. The annual sales are now inching close to 100 crores, This veterinary focused fast growing bulk api company in the pharma sector is now trading at around 74 at a p/e of 6.29. The stock after blog post went from the 70s to touch the 52 week high of 115 and post that the stock has corrected back to 70s only because of a bad December quarter.

As a investor i think it is a strong-buy for me at cmp and obviously a stock to hold in the portfolio for multibagger returns.
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1 comment:

  1. Anonymous11 May 2015 at 11:54

    Prem, I have sent a mail to your id. Can you please respond to that mail - Vicku.

    ReplyDelete

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