Originally posted by karn
Vivek Whats the catch in Thirumalai Chem? Do you know anything I don't? 
It made a loss in 8-9 and profit in 9-10. Interest has increased this year, so I'm assuming that debt may have increased too. Have you received this year annual report?
Cheers,
K. |
There were many companies which made a huge loss in the last 2 quarters of 2008-2009. But very few among them have had the courage to come back in the dividend list in just a year. Another name which comes to my mind is Phillips Carbon Black. Infact, I clearly remember Tata Metalliks made such a huge loss that its total book value was wiped off in one quarter.
The thing is, we have to understand that its into an industry which has a derived demand. And therefore, if the industry on which it is dependent does well, this one will also do well. And it may even do better as its a market leader in the MAN and PAN production, critical inputs for paints industry. And most importantly, what are we paying for this....138 crores for a turnover exceeding 600 crores.
What bothers is the case of cheap imports and benzene prices. But thats an industry-wide problem, nothing specific to Thirumalai.
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