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Tuesday, March 29, 2011

Sabero Organics Gujarat: Confidence reaffirmed

Sabero Organics Gujarat which was recommended a buy recently (Feb 11, 2011) has moved up today by more than 17% (volume 390,000 shares already traded) and is currently trading at around Rs 44. The reason for the sharp increase is the rating assigned by CARE (see below) to the various bank facilities of Sabero. This news just reaffirms the confidence in this stock. I have highlighted in my analysis that the financial position of this company is strong and one (or couple of) blip/s in the quarterly performance/s should not be a reason to discard the stock.

Trust you will find this of use.

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CARE assigns ratings to the various bank facilities of Sabero Organics Gujarat
Tuesday, March 29, 2011

Credit rating agency, CARE has assigned CARE BBB+ ratings to Sabero Organics Gujarat (SOGL) long-term bank facilities for Rs 100.57 crore. The agency has also assigned PR3+ ratings to SOGLs short-term bank facilities for Rs 173.75 crore.

Further, the agency has also assigned CARE BBB+/PR3+ ratings to SOGLs long-term/short-term bank facilities for Rs 62.75 crore.

The ratings are further strengthened by modest financial position with moderate leverage and debt servicing indicators and healthy profitability margins.

Sabero Organics is an established player in the agrochemical industry which manufactures and sells a variety of specialty chemicals and crop protection products. It has a diversified product portfolio for insecticides, herbicides, fungicides and specialty chemicals.

Source:
http://www.careratings.com/current/1/10992.pdf
http://www.cafestocks.com/newsDetails.do?newsId=9000130787

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Cheers,
Niteen S Dharmawat
http://dharmawat.blogspot.com/

IMPORTANT DISCLAIMER: Investment in equity shares has its own risks. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that I consider reliable. I, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and I am not responsible for any loss incurred based upon it & take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations above. I sincerely request you to do your homework before you take any position whatsoever. I, my relatives or friends may have position in this company.

2 comments:

Sarang said...

How do you find out the stocks which are possibly in the 'value investing' zone? Can you post some site and filtering parameters you use to get a basic list of stocks that one should analyze further on fundamentals?

Niteen S Dharmawat said...

Sarang,

Thanks for your comments.

I wrote one guest post for Subhankar on the topic of how to identify winning stocks. You may find this of us.... Use the link below:

http://investmentsfordummieslikeme.blogspot.com/2011/04/how-to-identify-winning-stocks-guest.html

Regards,
Niteen S Dharmawat