New Delhi: The stock market is touching new heights these days, if you are planning to buy any stocks in this boom of the market, then Khambata Securities in its new report Anmol India Limited (Anmol India Limited) Advised to buy shares. This stock has been given a buy option for a target of Rs 255. At the same time, the market price of Anmol India was Rs 172 at the time of writing the news. Apart from this, the market share of the company is Rs 196 crore.
This company is listed on NSE and BSE. The company’s business is to bulk supply imported coal, which provides end-to-end coal supply chain management solutions. The company supplies high GCV coal, USA coal, Indonesian coal, Saudi pet coke and USA pet coke, which is exported to USA in India. Coal is a major part of the market.
The company has more than 1000 customers
Talking about the company’s clientele, the company has more than 1,000 customers, with about 120 new customers added every year, while most have long-standing relationships with large customers. A wholesaler of coal, the company imports coal in the quantity of 1 lakh tonnes per shipment from the international market as it delivers coal to the customer sites in the quantity of 35 tonnes in outbound shipments.
India has 16% stake in USA Coal
The report said that after getting the import license in 2013, the company now holds 16 per cent market share in USA coal in India. Recently in Q1 of FY22, Anmol has started bulk import of Indonesian coal. The company also has its Tech platform, which was launched in 2015, enables it to forecast demand at the individual customer level.
What did the MD of the company say?
Vijay Kumar, Managing Director and CFO, Anmol India Ltd. said, “We reduce operational risk by avoiding speculation and sell a large part of the inbound supply (50 per cent to 60 per cent) in advance as it is shipped from the dispatch port. Goes.” “We also use our bargaining power to effectively negotiate with traders to pass on dollar exposure to them to the maximum extent possible,” Vijay Kumar said.
What is the company’s target?
According to the report, the company is planning to expand geographically in India by adding new items to its product portfolio, which is expected to grow in the mid to long term. Anmol has recently started direct import of Indonesian coal 4200 GAR as it seeks to foray into coking coal and South African coal going forward. The company aims to generate 20 percent to 30 percent of total revenue from new items in the coming years.
Driven by higher demand for imported coal, Anmol expects to register a strong growth in sales and profits as the company expands its product portfolio, the report said. The report further said that at current levels, the stock looks quite attractive. The stock trades at 8.8x FY24E EPS and has assigned a target of 13.0x FY23E EPS.
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