India Glycols is one of our favorites. This stock has been beaten to coma by the markets. This was trading at 380 Rs. levels about six months ago.
So what has gone wrong then? Nothing except that market does not like low quarterly profits or worse, losses and this company very recently declared both.
The company generates cash profits as far as I can see and is currently available for Rs. 63 about the same as its current working capital or liquidating value.
With the kind of operating margins that India glycols boast of, I think India glycols should at the very least be valued for Rs. 200 per share.
A very good stock, beaten down by the markets.
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