KANCHI KARPORAM - RISING CAMPHOR STOCK - POTENTIAL MULTIBAGGER - CMP580

Kanchi Karpooram Limited

 

Incorporated in the year 1992, Kanchi Karpooram Limited (KKL), a Public Limited Company, manufactures Camphor, its derivatives, Gum rosin, Value Added Resins and Fortified Rosin. Over the last 25 years, with a proven track record for quality, competitive price and timely supply to a variety of customer across industries. Their main product Camphor has been well accepted by their customers. Besides Camphor and its derivatives, KKL’s products such as Gum rosin and Rosin Derivatives, also enjoy an enviable share in the market, including some of the most trusted brands across the world.

KKL’s (an ISO 9001:2015 Certified Company) production facilty, situated near Kanchipooram, just 70 KM from Chennai, is geographically well connected. The production facility boasts of state of the art plant and machinery for manufacturing of Camphor and Gum Rosins, and has been constantly upgraded to stay in touch with time.

Over the years, they have expanded the product range to serve a variety of industries, much beyond our genesis of being a ‘camphor only’ manufacturer and now serve a variety of industries - Tyres, Paint, Paper.

PRODUCTS 

FURTHER CLASSIFICATION:

• CAMPHOR
• KANLIC 501 MALEIC RESIN
• CAMPHENE
• KANLIC 502 SPIRIT SOLUBLE MALEIC
• RESIN
• DIPENTENE
• KANLIC 503 NC COMPATABLE MALEIC RESIN
• ISO BORNYL ACETATE
• KANLIC 601 PHENOLIC RESIN
• SODIUM ACETATE RIHYDRATE
• KANLIC 602 PHENOLIC RESIN
• PINE PITCH
• KANLIC 603 NC COMPATABLE PHENOLIC RESIN
• DOUBLE DISTILLED TURPENTINE

PRODUCTION SETUP

Capacity Expansion:

Company has increased the production capacity to 550 Metric tonnes per month, the commercial production has started from Feb 2021. Company has plans for more exports after expansion.Expected Sales to cross beyond 280 crores by FY 21-22. 

CORPORATE BUY BACK -  The company has launched a buy back programme at Rs 405 were around 20529 shares were rendered by shareholders. This was a strong indication that no one was ready to offer shares at lower rates.

FINANCIALS 

FINAL COMMENTS :

Its a cash rich and  Debt Free Company, with a strong revenue upstream going ahead and healthy demand for their  

Expect their total cash reserve to cross 100cr by march 2021, presently they are having a market cap of 256 crore hence decide and take decision after consulting your financial advisor

Personally i am invested for  a longer term.  i have shared here for knowledge sharing purpose only