Sunday, October 25, 2009

CHEMPLAST SANMAR VERY HIGH DEBT COMPANY


Hi Mahesh,
Can you please tell about chemplast sanmar share.iBought it for 13 RS.Now its dropping .Is it good to hold for long term? ask by shri balaji sivabalan
1. Chemplast sanmar is Petrochemicals Company.
2. Face value of chemplast sanmar is only rs 1.
3. this share make his year high 14.89 in 1 oct 2009 year low of chemplast sanmar is 3.20
4. Book value of chemplast sanmar is 4.30 only.
5. Company has 1244.5 million debts and debt/equity ratio is 6.67 very very high.
6. Promoter holding is 75 percent is only one good factor in this company that I found but due to high debt of this company this good factor is avoidable.
7. So I do not like to invest in this low face value high debt share. and not think that this is a good pick to hold long term
THIS ANALYSIS IS MAHESH CHANDER KAUSHIK OPINION ONLY NOT A PROFESSIONAL ADVICE SO READ DISCLAIMER BEFORE TAKE ANY ACTION.

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