CMP: 16


Modi Naturals Ltd. produces vegetable oils. I just bought one of their products today (Oleev Cooking Oil) and i believe Olive oil cooking industry will grow as purchasing capacity and health conscious is on the rise.

Modi Naturals is a 18 Crore penny cap stock trading at a P/E of 12. It runs at a debt of 17 Crores with 3 Crores cash in hand. Revenues have risen from 120 Crores to 194 Crores in the last 5 years. Profits have dipped from 3 Crores to 1 Crore and now back to 2 Crores. Fundamentally, its not a exciting bet so far. Stock price has been more than stable. Its a bet on Olive cooking oil.