Vardhman, a leading textiles group in India ventured into manufacture of Acrylic Fiber & Acrylic Tow in 1999. End products are used in apparels & house hold uses.
The company has set up a 18000 TPA Acrylic Staple Fibre and Tow production plant. The world class wet spun technology for the manufacture of Acrylic fiber / Tow has been sourced from Japan Exlan Co. Ltd., Japan. It is a state of the art, highly automated production facility making it amongst the most advanced plants of its type in the world.
Vardhman Acrylics with parent vardhman group is a probable multibagger as a value pick because it is direct supplier to a sister company Vardhman Textiles which has monopoly with its product. With huge cash lying around in books Vardhman Acrylics has very high RoCE making it an extremely attractive business.
Value picks are stocks of companies that are believed to be undervalued at NSE or BSE. It is an outcome of huge sattebaaji directed by Stock brokers in that stock making Markets overreact to good and bad news, resulting in stock price movements that do not correspond with the company's long-term business or fundamentals.
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I am passionate about 3 things in my life Financial System, Fitness & Photography
I got introduced to Financial system through Forex Trading back in 2007 during my 3rd Year of Engineering & It was too complex yet magnificent. Officially I entered Indian Stock Market in early 2008 at the very beginning of Global Financial Crisis, but what the hell did I know for me it was the last semester & time to get serious about my passion ie, Counter Strike
RoCE : Return on Capital Employed (Effective)
PAT(Avg.) : Net Profit after tax ( Average )
CMP : Current Market Price
MoS : Margin of Safety