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Tuesday, August 25, 2015

Rasoya Proteins Ltd: Update
I had spoken with the sources of Rasoya Proteins Ltd last week and these are the findings: 
  • The company is planning to open the main plant between the period September, 2015-December 2015. This is now almost certain as the farmers are expecting good soya-bean crop, during this harvesting season; starting from September, 2015. 
  • The company is in constant touch with the banks to get their loans restructured. The management is also looking for other opportunities get the funds. 
  • The company could also come up with a preference issue for the promoters or infuse funds in a revamping operation.  
  • The FY15 Annual Report of the company is likely to get updated in the BSE Website, either by the end of August., 2015 or in the 1st week of September, 2015. Naturally, the share price of a company increases before the publication of the annual reports.
  • The company is expected to get good amount from the Insurance Claim (of Rs.34 Cr) towards Soyabean Stock Destroyed/Damaged due to fire; but it is likely to take another 3-4 months, get settled. 
  • This time the company could import seeds, if they are available cheap in the international market. 
  • The directors has appealed to the SAT, against the SEBI order, and a favourable verdict is expected. 
  • However, the fund shortage is the biggest challenge for the company at present. If this gets somewhat resolved, then the share price could cross Rs.10, within the next 12 months. 
Conclusion: Buy the shares of the company on all declines with a SL of Re0.20, for short term targets of Re.0.60 and Re.1.00. 
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