Aashish Tater, head of research, Fort Share Broking picks out his top favorite stocks on CNBC-TV18 that he says are multibaggers. He chooses Sandesh Limited and India Glycol.
On SandeshWe are taking a very conservative call because we want to protect the investor from the perspective that your capital is safe and the returns expected would be 20-25% year-on-year. Sandesh Limited is having a market cap of Rs 220 crore. The company is sitting on a cash equivalent after adjusting debt of close to Rs 180 crore which is cash and cash equivalent and loans and advances given to promoter group company. The company is sitting on almost one-year forward cash equivalent because the company is generating close to Rs 45-50 crore of free cash flow, post adjusting for dividend pay out.
So from one year perspective, you are getting a company which is the second leader in Gujarat-based Samachar Patrika, and you are getting a business almost free of cost which has four manufacturing units
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