Aditya Birla Chemicals (India) Ltd. (ABCL), the Rs.2560 cr. chemicals business of the Aditya Birla Group, is based in India, Thailand and China. Its product range includes chlor-alkali, epoxy, fluorine chemicals, peroxides, phosphates, sulphites and phosphoric acid. These chemicals find application across a wide range of industries like food, textiles, electricals & electronics, composites, leather, plastics and automobiles and are exported to 58 countries across the globe. These products are manufactured across 10 units - four in India, five in Thailand and one in China.
For H1FY10, it recorded net sales of Rs.119.20 cr. with 45% higher net profit of Rs.28.84 cr. against net profit of Rs.98.82 cr. with net profit of Rs.19.78 cr. in H1FY09. Its quarterly EPS was Rs.5.58 while the half-yearly EPS was Rs.12.33. The company had paid 15% dividend for FY09. At the current level, the stock is trading at a forward P/E ratio of just 3.4.
Investors can buy this stock with stop loss of Rs.76. On the upper side, the stock will zoom to Rs.96-100 level in the short-to-medium-term.
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