15% @ 90 Days - Mar'15

1. BUY TO SELL STOCKS FOR SHORT TERM GAINS
15th
MARCH 2015
VINATI ORGANICS LTD BUY POTENTIAL UPSIDE: 17.2%
CURRENT MARKET PRICE: 528.85 TARGET PRICE: 620.00
BSE Code 524200 Market Cap (Millions) 27330.35
NSE Code VINATIORGA P/E 24.63
Book Value 82.06 EPS 21.51
Face Value 2 Dividend Yield % 0.57
STOCK RECOMMENDATION

2. 15% @ 90 DAYS – MARCH 2015
- 2 - SARAL GYAN CAPITAL SERVICES
Comparative Chart (Last 1 Year)
Returns: Vinati Organics & Nifty:
Nifty: 33% Vinati Organics: 93%
Stock Resistance and Support:
1st
Resistance – 555 1st
Support – 500
2nd
Resistance – 600 2nd
Support – 455

3. 15% @ 90 DAYS – MARCH 2015
- 3 - SARAL GYAN CAPITAL SERVICES
Financials at a Glance:
Quarterly Results of Vinati Organics Ltd (Rs. In Millions)
Particulars Dec 2014 Sep 2014 Jun 2014 Mar 2014
Audited / UnAudited UnAudited UnAudited UnAudited UnAudited
Net Sales 1986.33 1963.93 1982.93 1952.73
Total Expenditure 1503.17 1497.60 1584.15 1500.57
PBIDT (Excl OI) 483.16 466.33 398.78 452.16
Other Income 48.58 20.96 21.61 35.23
Operating Profit 531.73 487.29 420.39 487.39
Interest 14.41 16.89 19.42 41.80
Exceptional Items 0 0 0 0
PBDT 517.32 470.40 400.97 445.59
Depreciation 44.97 44.48 43.14 39.51
Profit Before Tax 472.35 425.92 357.83 406.08
Tax 164.10 141.61 116.70 129.92
Provisions and contingencies 0 0 0 0
Profit After Tax 308.25 284.31 241.13 276.16
Extraordinary Items 0 0 0 0
Prior Period Expenses 0 0 0 0
Other Adjustments 0 0 0 0
Net Profit 308.25 284.31 241.13 276.16
Equity Capital 103.18 103.18 98.75 98.75
Face Value (IN RS) 2 2 2 2
Reserves
Calculated EPS 5.97 5.51 4.88 5.59
Calculated EPS (Annualised) 23.90 22.04 19.53 22.37
No of Public Share Holdings 14318778.00 14561678.00 12343153.00 12343153.00
% of Public Share Holdings 27.75 28.23 25.00 25.00

4. 15% @ 90 DAYS – MARCH 2015
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Basis of Recommendation:
i) Technical Analysis
Disclaimer:
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