Vimal Oil & Foods Ltd. (VOFL), the flagship company of the Vimal Group, was born way back in 1993, in Mehsana, North Gujarat.
It has an equity base of Rs.4.55 cr. that is supported by reserves of around Rs.16.24 cr. leading to a share book value of about Rs.32.30. The promoters hold 30.62%, non-promoter corporate bodies hold 2.64% while the investing public holds 66.06% stake in the company.
For Q2FY10, it recorded net sales of Rs.148.87 cr. with 94% higher net profit of Rs.1.01 cr. against Rs.52 lakh in Q2FY09. The quarterly EPS was Rs.2.22 and the half-yearly EPS was Rs.5.62. VOFL paid 12% dividend for FY09.
At the current level, the stock is available at a P/E of just 3. Investors can buy this stock with stop loss of Rs.29. On the upper side, the stock will go up to Rs.43 in the short-term and Rs.55 in the medium-term.
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Monday, December 14, 2009
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All the advises,calls,tips and predictions are neither an offer nor a solicitation to purchase or sell securities.The information and views given by writer is believed to be reliable but no responsibility (liability) is accepted for error of facts and opinion.Writer may be trading in or having positions in stock markets.
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