Real-time Stock quotes, portfolio, LIVE TV and more.
Jan 17, 2012, 12.18 PM IST
CRISIL Research has come out with its report on Pondy Oxides & Chemicals. The research firm has assigned the fundamental grade of 2/5 to the company which indicates, the company’s fundamentals are ‘moderate’ relative to other listed equity securities in India. in its January 16, 2012 report.
CRISIL Research has come out with its report on Pondy Oxides & Chemicals . The research firm has assigned the fundamental grade of 2/5 to the company which indicates, the company’s fundamentals are ‘moderate’ relative to other listed equity securities in India. in its January 16, 2012 report.
Pondy Oxides & Chemicals (POCL) manufactures lead metal, lead alloys and metallic oxides through smelting and refining. While demand for lead products is expected to grow at a healthy CAGR of ~7% over the next five years, a very competitive industry, high volatility in lead prices and exchange rates restrain our grade on POCL. We assign a fundamental grade of 2/5, indicating its fundamentals are moderate relative to other listed equity securities in India.
Lead demand to grow with consistent increase in battery usage
Strong operational capabilities give it an edge over others
Key risks: Volatility in lead prices, raw material tie-ups, competition
Revenues to increase at a two-year CAGR of 8% to Rs 3.8 bn
Valuations- the current market price has strong upside
Disclaimer: This report (Report) has been commissioned by the Company/Investor/Exchange and prepared by CRISIL. The report is based on data publicly available or from sources considered reliable by CRISIL (Data). However, CRISIL does not guarantee the accuracy, adequacy or completeness of the Data / Report and is not responsible for any errors or omissions or for the results obtained from the use of Data / Report. Opinions expressed herein are CRISIL's opinions as on the date of this Report. The Data / Report are subject to change without any prior notice. Nothing in this Report constitutes investment, legal, accounting or tax advice or any solicitation, whatsoever. The Report is not a recommendation to buy / sell or hold any securities of the Company. CRISIL especially states that it has no financial liability, whatsoever, to the subscribers / users of this Report. This Report is for the personal information of the authorized recipient only. This Report should not be reproduced or redistributed or communicated directly or indirectly in any form to any other person or published or copied in whole or in part especially outside India, for any purpose.
© CRISIL Limited . All Rights Reserved. Published under permission from CRISIL"
To read the full report click here
May 22 2013, 13:11
- in MARKET OUTLOOK
May 22 2013, 10:44
- in Economy