Scripscan:Vadilal Industries Ltd
code:519156
cmp:43
Story:Vadilal Industries is primarily into ice creams and food processing. In ice creams, it has a weak pan-India presence; its product quality is variable and it is easily beaten by Amul which has access to the cheapest raw material among all ice cream players, as well as the money and skills for countrywide marketing. Vadilal has remained a small player in ice creams. Its processed food division makes and markets a range of fruits, vegetables and ready-to-serve Indian foods. The processed foods for the local market, such as parathas and ready-to-serve curried vegetables like palak paneer and dal makhani, are not worth a second try.It exports over 50 products products to countries in the European Union, the Middle East, the Asia Pacific region and the US.It is now aiming to supply its products to the Indian supermarket chains, including Reliance and Big Bazaar. What is so interesting about the stock? Vadilal has commissioned three new plants, including two for ice creams and one for processed foods, which will significantly add to its turnover. More important is the presence of top investor-trader Rakesh Jhunjhunwala who holds a 2.78% stake in the company. Probably he knows things as an insider that we don’t. What could those be? Land play or a sell-out?A risky buy overall.
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Wednesday, July 22, 2009
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