Story:Camphor & Allied Products is a pioneer in the field of Terpene Chemistry with technology from Dupont, USA. The products of the company are Synthetic Camphor, Terpineols, Pine Oils and Resins etc & they find application in Fragrance, Pharmaceutical, Soap & Cosmetics & Varnishes Industries. CAPL has two plants – first at Bareilly, UP & second at Baroda, Gujarat. CAPL also has a dedicated in-house Research Center.CAPL has been witnessing major change in the performance and profitability since the change in the management in 2008. The company was taken over in 2008, via stake purchase and open offer @ Rs 167/share.The new promoters are leaders in fragrance industry – Oriental Aromatics Ltd. Since then the turnover has increased from 105 Cr to 202 Cr and NP from 0.49 Cr to 6 Cr, yet the stock is available at Rs 100 odd only.Looking at the quick turnaround, strong tax pay-outs, the new promoters seem to be quite capable & honest.The company has a tiny equity of just 5crs and carries a fat reserves of around 70crs in books which makes it a strong liberal bonus candidate.If the company continues its good performance, the stock could prove to be an excellent long term investment.