What to Buy and Why - Edible Oil
Reason to Buy
Imports of cooking oil likely to increase 15%
1) The country’s cooking oil imports may surge this year as dry weather
curbs oilseed planting and some farmers shift to wheat and barley to
benefit from soaring prices, analysts and traders said.
2) Farmers reduced sowing of oilseeds mainly because of depleted soil
moisture in Rajasthan as rain-fed fields suffer from a prolonged dry
spell, the agriculture ministry said on January 18. The area under
winter-sown oilseeds declined 10 per cent to 8.55 million hectares
(21 million acres) from 9.5 million hectares a year earlier. Barley was
sown on 7.25 million hectares, 12 per cent more than a year earlier,
the ministry said.
3) Mustard oil is the third-most used cooking oil in India and accounts
for more than 70 per sent of the nation’s output of winter-sown
oilseeds.
Mustard output may fall as low as 5 million tones from 6.22 million
tones, Govindlal G Patel, director of Dipak Enterprises, said on
January 22.
4) The country’s cooking oil imports may rise to 5.4 million tones this
year from 4.7 million tones last year, the survey showed.
5) Overseas purchases by the world’s second-biggest buyer of edible oils
may gain 15 per cent in the 12 months ending October 31, compared
with a year earlier, according to the median estimate in a survey of six
traders and analysts by Bloomberg News.
| Financial year |
Operating Income
(in crore) |
Net profit (in crore) |
| March 2007 |
1,087.4 |
57.3 |
| March 2006 |
608.1 |
15.2 |
| March 2005 |
452.4 |
3.4 |
| March 2004 |
467.9 |
2.3 |
Stock to Buy - K S Oils Ltd
Financial earning of K S Oils Ltd
Caution - Markets are very volatile and directions are not yet confirmed.
Returns
CMP - Rs. 63.6
EPS - 3.29 (TTM)
PE - 19.38
Currently the stock is almost 55% down from its all time high price.
The good returns are expected in 15 to 24 months.
(TTM - Trailing Twelve Months)
| Financial year |
Operating Income
(in crore) |
Net profit
(in crore) |
| March 2007 |
8,582.0 |
100.7 |
| March 2006 |
7,498.6 |
82.8 |
| March 2005 |
3,922.0 |
43.5 |
| March 2004 |
3,534.8 |
34.1 |
Stock to Buy - Ruchi Soya Industries Ltd
Financial earning of Ruchi Soya Industries Ltd
Returns
CMP - Rs.82.05
EPS - 8.59 (TTM)
PE - 9.61
Currently the stock is almost 50% down from its all time high price.
The good returns are expected in 15 to 24 months.
(TTM - Trailing Twelve Months)
Stock to Buy - Gujarat Ambuja Exports Ltd
Financial earning of Gujarat Ambuja Exports Ltd
| Financial year |
Operating Income
(in crore) |
Net profit
(in crore) |
| March 2007 |
1,398.9 |
46.7 |
| March 2006 |
1,293.2 |
30.3 |
| March 2005 |
1,116.7 |
26.9 |
| March 2004 |
1,076.9 |
25.3 |
Returns
CMP - Rs.37.65
EPS - 5.31 (TTM)
PE - 7.29
Currently the stock is almost 63.9% down from its all time high price.
The good returns are expected in 15 to 24 months.
(TTM - Trailing Twelve Months)
Stock to Buy - Sanwaria Agro Oils Ltd
Financial earning of Sanwaria Agro Oils Ltd
| Financial year |
Operating Income
(in crore) |
Net profit
(in crore) |
| March 2007 |
445.1 |
12.2 |
| March 2006 |
220.0 |
3.7 |
| March 2005 |
174.7 |
2.7 |
| March 2004 |
257.9 |
5.9 |
Returns
CMP - Rs. 66.9
EPS - 4.82 (TTM)
PE - 13.74
Currently the stock is almost 30% down from its all time
high price.
The good returns are expected in 15 to 24 months.
(TTM - Trailing Twelve Months)
Stock to Buy - Murli Industries Ltd
Financial earning of Murli Industries Ltd
| Financial year |
Operating Income
(in crore) |
Net profit
(in crore) |
| March 2006 |
510.4 |
28.0 |
| March 2005 |
309.8 |
14.5 |
| March 2004 |
352.5 |
7.6 |
| March 2003 |
313.2 |
5.7 |
Returns
CMP - Rs. 427
EPS - 48.07 (TTM)
PE - 8.98
Currently the stock is almost 65.6% down from its all time high price.
The good returns are expected in 15 to 24 months.
(TTM - Trailing Twelve Months)
Stock to Buy - Agro Tech Foods Ltd
Financial earning of Agro Tech Foods Ltd
| Financial year |
Operating Income
(in crore) |
Net profit
(in crore) |
| March 2007 |
1,038.1 |
16.0 |
| March 2006 |
937.9 |
4.5 |
| March 2005 |
1,053.9 |
8.9 |
| March 2004 |
1,260.7 |
8.8 |
Returns
CMP - Rs.114.4
EPS - 7.51 (TTM)
PE - 15.3
Currently the stock is almost 4.6% down from its all time high price. Now its touching its all time high price.
The good returns are expected in 15 to 24 months.
(TTM - Trailing Twelve Months)
Posted date - 19 Mar 2008
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