DIC India Ltd: A True Turnaround Story

DIC India is one of the largest companies in the Indian publishing and packaging industry segment, serving top-of-the-line newspapers, magazines, packaging and printing establishments in the country.
Q4FY2018-19 Results highlights:
*Opertaing Profit margin Growth YoY:7548.57%
*Net Profit Qtr Growth YoY :412.13%
*Operating Profit Growth Qut YoY : 7832.31%
*Revenue Growth Qtr YoY :3.81%
Sector Update based on Rating Agencies: Credit quality of writing and printing paper makers to sustain despite large capacity additions & Firm realisations and rising demand to mitigate impact of capex debt.“Healthy cash generation and steady demand will help absorb the proposed capacity expansions without any impact on Debt/EBITDA levels. This lends stability to credit profiles in the sector.
Point to be noted here is that recently Daily Newspaper has seen substantial growth in Readers.
Valuations:
Equity Value Per Share ( Enterprise Value Method ): Rs.316.90 
Book Value:  Rs.304.91 

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The author tracks economic, behavioural and corporate tends, hoping to gauge good avenues of return based on Fundamental Valuations of Stocks, a follower of EPV method.You can reach the author at +91 880 2230 836 or e-Mail : mail@niftynext.com
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Ashish Kacholia' s Latest Pick

We are shortly publishing the Valuations Reports of the above scrips .
Money Control : https://www.moneycontrol.com/news/business/markets/ashish-kacholia-increases-stake-in-6-stocks-cuts-holdings-in-5-as-broader-market-falls-3890291.html

The author tracks economic, behavioural and corporate tends, hoping to gauge good avenues of return based on Fundamental Valuations of Stocks, a follower of EPV method.You can reach the author at +91 880 2230 836 or e-Mail : mail@niftynext.com
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Neogen Chemicals Ltd (IPO ) : Valuations of Equity Shares

Neogen Chemicals Ltd IPO will  hit the primary markets on 24 April to 26 April 2019.
Price band: Rs 212 to Rs 215 per share
The net proceeds from the fresh issue are proposed to be utilised towards the following objects:
*Rs 20.5 crore for prepayment or repayment of all or a portion of certain borrowings availed by the company;
*Rs 11.5 crore for early redemption of 9.8% Fully Redeemable Cumulative Preference Shares (FRCPS);
*Rs 20 crore for long-term working capital; and
The remaining amount will be utilized for general corporate purposes.
Valuations : Cos. has posted Net Profit of Rs.10Cr in FY18 (12M) & Rs.12Cr in FY19(9Months ).If we value the stocks at Upper price band of Rs.215, it is offered at X2.1 of its FY18 earnings and X1.8 of its FY19(9Months) earnings.Its peers, Aarti Industries is now Trading at X 3.4 of its last 4Q earnings.

The author tracks economic, behavioural and corporate tends, hoping to gauge good avenues of return based on Fundamental Valuations of Stocks, a follower of EPV method.You can reach the author at +91 880 2230 836 or e-Mail : mail@niftynext.com
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