Story:Vikas Global One is in the business of manufacturing and distribution of speciality chemicals, petroleum and petrochemical products. The company has completed backward integration of its business to manufacturing of high-end products used in wire, cable, agricultural components, automotive, footwear and packaging industries while alongside acting as distributor of global conglomerates with niche in speciality chemicals and polymers.The company’s manufacturing plants are located in Jammu & Kashmir and Rajasthan. This has been done keeping in mind the strategic and locational advantages with regard to availability of raw material, tax incentives, subsidy grants as well as market potential for finished goods. These industrial units are well connected with road, rail and air transport.The company has built the plants with the best of the machinery and technical know how available from the world’s leading suppliers. The manufactured products of the company have been well received in the market and have further scope of greater development with increased production capacities. The products manufactured by the company are environmental friendly.The company has grown three fold in the past three years. To take to the next growth level, the company has initiated aggressive expansion plan and has appointed an investment banking company to identify prospective joint venture company for financial and strategic alliance.Any news in this front would help the company move northwards.At present prices it quotes at a trailing PE of 10 times which is slightly expensive.Buy around 45-50 levels.