Subscribe to PRO at just Rs.33 per month. Use code SUPERPRO
you are here: HomeNewsBusiness
Last Updated : Sep 27, 2019 04:50 PM IST | Source: Moneycontrol.com

Avoid Vishwaraj Sugar Industries: Hem Securities

Hem Securities has come out with its report on Vishwaraj Sugar Industries. The research firm has recommended to "Avoid'' the IPO in its research report as on September 26, 2019.

Representative Image
Representative Image
  • bselive
  • nselive
Todays L/H

Company is engaged in the business production of sugar and manufacture of other products including Distillery (Spirits) products, Indian Made Liquor, Vinegar, other by-products and also in the generation of power. Company have a total licensed sugarcane crushing capacity of 11,000 TCD and installed sugarcane crushing capacity of 8,500 TCD. Company sell its manufactured sugar to various wholesalers, stockists and also to several FMCG companies throughout the country, who use sugar for manufacture of various biscuits, confectionery and beverages.

Valuation and Outlook

Although company has experienced promoters and strong executive team with wide range of products & has integrated operations with economies of scale but loss incurred by company is major concern .

Hence at present level we recommend “Avoid” on issue .


For all IPO stories, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions

First Published on Sep 27, 2019 04:50 pm