Thread by @DAmmannaya

NOT A RECOMMENDATION,Only For Educational Purpose

Stock Idea For “More RESEARCH”-

DHUNSERI VENTURES-A Stock tht Can Benefit frm Stock Market Boom

CMP-117.50, MktCap-411 Cr, BV-391, EPS-Rs 17.94, PE-6.55 (However,9 Months FY21 EPS-Rs 32.60, hence, scope to raise it with Q4...

3 Verticals-
1. Stock Market Treasury Operations (Now the main one)-Value of investments inc. listed stocks which forms the bulk is abt 1766 Cr as of DEC 2020 (Up frm 1428 Cr in SEP 2020)
2. PET Resin-Anti dumping tariff levied on 30th March should help the Co
3. Confectionery...

...Business in Singapore.

Regards to 2. -
ASSURED ROYALTY INCOME
DVL is entitled to receive royalty income from IVL Dhunseri Petrochem Industries Pvt Ltd (IVLDPL) & IVLDPC for use of “ASPET’ brand owned by DVL. Royalty income is to be based on the sale value of IVLDPL & IVLDPC..

...(excluding the inter-group business). During FY20, DVL earned royalty income of Rs.20.48 crore from IVLDPL and Rs.9.32 crore from IVLDPC.

Regards to 3.
DVL operates in the segment through a wholly-owned subsidiary, Twelve Cupcakes Pte,where it had acquired majority stake...

...in 2017 as a part of its diversification exercise. Twelve Cupcakes is expected to generate profits for FY21 (to be included in consolidated results of Dhunseri Ventures) and is expected to have a topline contribution of ₹65-70 crore (Singapore $12-13 million).

Further GROWTH DRIVERS-

DVL will invest over Rs 400 crore to set up a polyester packaging unit in West Bengal. While approximately Rs 160 crore of the investment will be funded through internal accruals, the remaining portion will be debt-financed, which includes bank loans.

The co had already incorporated a fully-owned subsidiary, Dhunseri Poly Films on 28 November 2020, for implementation of the new project to make polyester films or BoPET (biaxially-oriented polyethylene terephthalate made from stretched PET) with annual capacity of 45,000 tonne.

The machinery has been ordered from Germany.
“We wanted to expand & there was an opportunity in polyester packaging material in the East.There are no major players in the region.And we will also get the raw material from our Haldia PET plant. We believe there’s good opportunity..

...in the segment,” MD had said so to BusinessLine.

Dhunseri Ventures, through a joint venture with Thailand’s Indorama, has two PET resin plants in India, the Haldia unit with a capacity of 4,80,000 tpa and the second at Panipat, Haryana with a capacity of 2,16,000 tpa.

Promoter Holding - 75%, having completed their full quota through purchase frm open market, completed in FY21.

Below being the last one (3rd March, 2021)

bseindia.com/xml-data/corpf…