1)Scripscan:Chembond Chemicals Ltd
cmp:160
Code:530871
Story:Chembond was established in 1975 by Dr. Vinod Shah in Mumbai for manufacturing speciality chemicals for Metal treatment. The company since then diversified into manufacturing Water treatment chemicals, chemicals for the Construction sector and anticorrosive paints & coatings for various industries and Biotech products. Promoters group hold 68.3% in the company and are actively managing the affairs of the company.Two prestigious joint ventures with Henkel (Germany) & Ashland (USA) Chembond also has two prestigious joint ventures for marketing; Henkel Chembond Surface Technologies Ltd. a 49:51 joint venture with Henkel Group of Germany and Chembond Drewtreat Ltd., a 55:45 joint venture with Ashland Group of USA.Management’s vision to form such joint ventures with world leaders demonstrates their credibility and capabilities in terms project feasibility & implementation and manufacturing, amongst others. Henkel Chembond markets Metal pre-treatment Chemicals, whereas Chembond Drewtreat markets Water & Fuel treatment chemicals for cooling water and boiler water. Products for both joint ventures are manufactured by Chembond on toll manufacturing basis. Both the JVs are profitable having huge growth potentiality and we believe, will contribute significantly to its business in future.Chembond is one of the leading players in the speciality construction chemicals industry. There is a huge demand for its construction chemicals from large infrastructure projects & construction segment. It is also targeting direct retailing to tap the huge retail market, where buyers were hitherto buying just on impulse or through the mediators in the construction segment. With large scale investments in infrastructure projects and planned investments in industrial modernization & up-gradation, we expect huge demand for its products going forward.With excellent growth prospects in all the segments that Chembond operates, we believe, Chembond is poised to report strong growth in the years to come.Forget valuations apply your logic and do accordingly.A good bet to opt for at lower levels.
2)Scripscan:GMM Pfaudler Ltd
cmp:75
Code:505255
Story:GMM Pfaudler is engaged in the manufaturing of Chemical and Pharmaceutical Process equipments mainly Glass-lined vessels, mixing systems and filteration / seperation equipments.The company also has investment in Nile Ltd. an engineering company. However, these shares are not registered in the company’s name. The refusal has been challenged in A.P. High court. Either huge gain is likely to accure on sell of these shares to the company or control of the company is likely to get passed on to the company(Some news were there regarding the materilization of it but am awaity clarity on that front)The company also has huge real estate at Anand- Sojitra Road which could get realised in due course of time.GMM Pfaudler has huge order backlog from speciality chemicals and pharmaceuticals industry having healthy margins.The company is also professionally managed with management team having quite a name in the industry it operates in.All said and done,gmm can surpise us in the longer run.Can be a wonder going forward.
Monday, September 14, 2009
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