Nice call, cat! Bought a small quantity today.

Thanx smartcat,with regards to Vivek's query, though they do have a few common products, there many products categories, which do not match (e.g. This company is not into textiles, unlike SRF and and would therefore not like to compare on a one-on-one basis.

However,here is Some more info on this company:
• Largest integrated fluorochemicals complex in India with hydrofluoric acid capacity of more than 20,000 tpa –
provides ability to speedily address new requirements of customers.
• Co has got a healthy mix of domestic and export sales. While refrigerant business is domestically doing well,
export business margins are fluctuating. The products are sold under the brand name “Mafron”
• Bulk chemical business is subject to some competitive pressure. However, specialty fluoride is growing at high
pace (3 yr CAGR: 18%) and the co is a leading global player in BF3.
• Key clients – Top five global crop protection companies like BASF and Bayer Cropscience; domestic clients
includes Ranbaxy, Matrix, Aurobindo, Hetero, Orchid, Lupin
• Phasing out CFC as per Montreal Protocol, will be more than compensated by HCFC business, which finds its
application into air-conditioners and refrigerators. HCFC business window is open till 2040.
• Consulted Mckinsey & Co to identify areas of cost reductions and profit improvement.
• Income from sales of Certified Emission Reductions (CERs) will further improve the financial profile of the
company. (Refer to next slide)
• Healthy B/S and will become debt free in the current year; strong return ratios as well.
• High dividend yield of 5%
• Substantial recovery of dues from the group company, Mafatlal Industries, is expected as per the Chariman’s
speech at the AGM
• Valuable property at Mafatlal Centre, Nariman Point will be free of lease by 2012
Initiated the CDM project to reduce green house gas HCFC23 in June 2006, with technology
partners being Ineos Fluor, U.K.
• Co has received the UNFCCC approval for the project in April 2007 and the crediting has commenced from 1st May 2007.
• Co is entitled to receive 2.8 mn carbon credits annually for the next 5 years till 30th April 2012
and possibly till 30th April 2017, as it is expected that the Kyoto Protocol to get extended or replaced by another protocol.
• Assuming an average price of $12, the annual inflow out of carbon credits would be Rs 161 cr,translating into pre-tax Rs 159 per share. (Current Market price of carbon credits is $20)

Edited by catcall - 30/Jul/2009 at 2:32pm

This script has moved from sub 200 levels to Rs.258 in about a months time, PMS accumulation happening in this stock...

i dont think mafatlal group has very good reputation as mgmt level. my fin prof who was in banking industry always tell his biggest mistake in life was he sanctioned loan to mafatlal ..his method of valuating company apart from financials is he says 3 Cs..company , character & teesra i forgot ..;-)..

Edited by suru27 - 12/Sep/2009 at 3:26am