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Vinati Organics Ltd.

Vinati Organic Ltd. Vinati Organics Ltd. is a sound business with niche product portfolio. Company is largest manufacturer in ATBS, IBB products and seeing 25%-30% growth in both this products, also company doing capex for expansion purpose and estimating Rs.1000 crore revenue after completion of projects. As per expectation, projects will be complete till FY15-FY16, and also company has 2-3 products in pipeline.   Currently company trading at TTM PE of 14.27x and TTM EPS of Rs.14.02, and it’s expected that TTM PE of 16.5x and TTM EPS of Rs.16 so that upside in this stock can be Rs.260-300 so accumulate till Rs.170 for the horizon of 12-15 months.

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