Introduction
Buy this Rs. 30 Penny Stock, Target Rs. 5000, Best penny stock
Hello guys, we going to share information about a new stock today that has the potential to reach 100 first, then go to 200, and finally, 300. this penny stock may be given best returns in next 1-2 years. We in this article will discuss all aspects of this stock like fundamental, technical and company business etc.
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About Company
Let’s examine the business of this company . The company was established in 1998. It holds a prominent position in the market and is well-known. The company’s business model revolves around the manufacturing of sodium silicate, a chemical construction material. It serves major clients such as Larsen and Toubro, Dilip Buildcon, and Hindustan Construction. The company is engaged in producing mortar bricks, tile fixing adhesives, and rustproof painting – essential products in the construction industry.
Company objects/ fundamentals
Buy this Rs. 30 Penny Stock, Target Rs. 5000, Best penny stock
The proof painting it manufactures is linked to its products like waterproof adhesives. Noteworthy clients include Larsen and Toubro, Dilip Buildcon, and Hindustan Construction. Despite being a micro-cap company with a market cap of 250 crores, it possesses growth potential and bears a certain level of risk. The P/E ratio stands at approximately 40, with a book value of Rs. 1 and an ROCE of 12. ROCE, or Return on Capital Employed, reflects a generation of 14 from the capital funding acquired.
The intrinsic value is Rs. 332, and the profit after tax is 6 crores out of 10 crores. Importantly, the company has excess cash, indicating a lack of necessity for excessive loans. Lets check company fundamentals in details :-
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Fundamental Ratios
| Market Cap | Rs 264 Cr |
|---|---|
| Sector Return | 25.58% |
| Market Return | 21.87% |
| 1-year Return | 179.04% |
Valuation Ratio Buy this Rs. 30 Penny Stock, Target Rs. 5000, Best penny stock
| PE Ratio | 43.80 |
|---|---|
| Price to Book Value | 5.42 |
| PEG Ratio | 1.16 |
Growth
| ROE (Latest) | 36.21 |
|---|---|
| EV to EBIT | 34.71 |
| EV to EBITDA | 19.75% |
Finance
| ROCE (Latest) | 6.57 |
|---|---|
| EV to Capital Employed | 3.49 |
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Analysis/Valuation
Buy this Rs. 30 Penny Stock, Target Rs. 5000, Best penny stock
A key aspect of my analysis is that the company is debt-free, eliminating the challenge of generating profit when burdened with loans. The name of the company and the exclusive share valued at Rs. 40-50, The share is ‘Hindcon Chemicals’. If you include this share in your portfolio, it has the potential to reach 300 to 400.
The decision rests with you. Having shared information about the stock, let us discuss its valuation. You can engage in SIP (Systematic Investment Plan) for this share, as it is expected to perform well. Currently experiencing a peak in interest rates, the share is anticipated to resume its upward trend after a period of two to three years when interest rates decline. Check its shareholding :-
Shareholdings Patterns
| Dec 23 | Sep 23 |
|---|---|
| Promoters | 68.52% |
| Non-Institution | 31.48% |
Stock Price Details
| Open | 51.65 |
|---|---|
| High | 51.65 |
| Low | 51.65 |
| Close | 49.20 |
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Conclusion
Buy this Rs. 30 Penny Stock, Target Rs. 5000, Best penny stock
If you set a target of 100, 200, 300, therefore, consider holding this share for 3 to 5 years to reach the target. Given the current peak in interest rates and the market being at an all-time high, exercising patience with this share is crucial. It’s not a situation where you buy it today and witness immediate returns. Patience with this share is essential. Inter this stock before FII and DII entry occur, you will benefit. If your like this information please share your friends also.
This information only for education purpose. please consult your financial advisor before investment.
