Scripscan:Poona Dal and Oil Industries Ltd
cmp:21
Code:519359
Story:Poona Dal & Oil Industries is an 18 yrs old Agro Processing Firm located in Pune, Maharashtra. It has 3 Processing plants located in Khed, Shirur, Daund Districts. Not much to write about but promoters hold 70% equity. Company has been paying dividends consistently for 8 yrs. Though a small company by any measure, the secret is that the company has been managing its finances very well.At 12Cr market cap and 9.87Cr Operating cash flows (2 yrs avg)4Cr of cash in hand.A consistent Dividend payout for past 8 yrs of 90 paisa ( 4.2% return at current market price of 21.)This stock is a value buy for the long term investor.The company is having only 4400 shareholders.This is a Value Buy.It would be prudent to note that promoter have unlisted subsidiaries in the same line of business however due to high promoter holding this should not be a concern.
Source:whatsup-Indian
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