Black Rose Industries... CMP:Rs15...

Friends....This is truely a undiscovered stock till now.. nobody has written anything new on this counter yet...... If i look at long term then this stock can prove to be a multibagger... may be down the line 2-3 years... it is a clear buy and sit type of company.......

It is a 1 Paid up stock.. Very low eaquity of 1.98 crores only...83% shares are closely hold.... market cp 28 crore... 8 crores loan(which is not big in nay means)....

Now what is that big thing that will come up in near future...???? As per the announcements made by company in september, Black Rose Industries has entered into a foreign technology license agreement with a 16 Billion global chemical companyfor its proposed plant of speciality monomer... this plant will have a summed up capacity of around 10000 MT and will start commencing production in early 2012....this business is expected to generate annual sales of 200 crores ahead.....:"

Now imagine .. a company having equity of ~2 crores and mcap of 28 crore will be doing business of 200 crores annually from 2012.... take margin as 20% (normal in chemical business) then it means a profit of 40 croes per annum from just that plant only....... current year Net Profit was 5 crore.... so 10 times bigger profit............. These figures looks excellent to me.....

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