Rocket Stock "INDO BORAX & CHEMICALS LTD (BSE Code: 524342) AT 71/- Target 135/- and 250/-

Use this Market Fall opportunity: Buy this Value stock in this fall market, its very good stock to buy and hold. This Stock is very worth minimum 350/-. Because Small Equity 3.4 Cr and 100 Cr Land Bank in Goa means per share 350/- and EPS 25/- as per September results.

100 Cr land Deal news coming soon Equity just 3.4 Cr with Debt free company      

Equity = 3.4 Cr
Face Value = 10/-
Promoters Holding = 43%;
Book Value = 105/-
Reserves = 37 Cr (Each Share 105/-);
 Debts = 0 (Zero)

Good Dividend paying Company : 2010 – 15%; 2009 ­­– 15%; 2008 – 15%; 2007 – 15%; 2006 – 15% and 2005 – 15%.

Good Land Bank at Goa 100 Cr Value means per share its come 350/-

Indo Borax declared for September Income 9.77 Cr and Net Profit is 2.2 Cr Equity 3.4 based on this EPS id 25/- Annualized.

So it's very worthy stock at 71/- in this market also. So grab it slowly will give you good return soon. Target 135/- and 250/-.

All Investors should keep in Portfolio at least 5,000 shares will give good Return in 6 months to 1 year time minimum Return 200% to 500%  in 1 year.

Indo Borax is synonymous with Boric Acid and is referred to as the industry standard for many

comparisons made in the industry. Indo Borax came into existence in 1980 and company trace its roots to Asangaon in Maharashtra where its first Boric Acid plant was established in the year 1981, followed by the establishment of a Borax plant in 1983.

Today, Indo Borax operates a most modern Boric Acid and Borax plant at Pithampur, Madhya Pradesh. Situated near the commercially important town of Indore in the heart of the country, the plant is well connected by an efficient transport network to all parts of India. Now Its very Demand for this Products and recently Prices also hikes.

It has an equity base of just Rs.3.48 cr. that is supported by reserves of about Rs.35.02 cr., which is more than 10  times its equity.

The promoters hold 41.29%, non-promoter corporate bodies hold 8.42%,

foreign investors hold 4.56% while the investing public holds 45.61% stake in the company.

For Q1FY11, it recorded net sales of Rs.7.54 cr. with net profit of Rs.1.56 cr. against net sales of

Rs.11.20 cr. and net profit of Rs.38lacs in Q1FY10 respectively (Net profit zoomed 310% on quarterly

basis). The quarterly EPS is Rs.4.47 while FY10 EPS was Rs.13.63. it has declare 15% dividend for

FY10.

And Q2FY11 September Quarter declared good results with total Income of 9.77 Cr and Net Profit is 2.2 Cr Equity 3.4 based on this EPS id 25/- Annualized.

Current level this stock is available at a P/E multiple of just 3.

In 2007 this stock reached to Rs.221 level & now available at just Rs.70 level means still this stock is

going highly undervalued and stock has not participated in this rally buy with long term target 250/-.

So it's very worthy stock at 71/- in this market also. So grab it slowly will give you good return soon. Target 135/- and 250/-.

All Investors should keep in Portfolio at least 5,000 shares will give good Return in 6 months to 1 year time minimum Return 200% to 500%  in 1 year.