About The Company
Duncans Industries Limited is almost synonymous with the tea production in India. It has made a profound impact in the tea industry since 1951. Apart from that, the company began focusing on 4 more areas viz., power generation, chemicals, petrochemicals, and fertilizers.
About The Financials
The company did not have a very encouraging Q3FY11. In the business of tea and fertilizers which has been suspended, it has been declared a BIFR case. For Q3FY11, QoQ, net sales fell 9% and net profit by 17%. 45% of its net sales gets eaten away by employee cost, its biggest cost component.
News Flash In the Counter
News Flash In the Counter
The BIFR has approved the demerger of its fertilizer business to the Jaypree Fertiliser but it was expected to be completed by Jan and now is expected to be done by March as a result the entire debt of Duncans is getting transferred to this hived off fertiliser company, which is to the tune of around Rs.550 crore.
About The Stock
About The Stock
The stock is range bound between Rs.16 and Rs.20. Its 52-week is at Rs.24.35 (As on 10th Nov’10). In short term shareholders have kept there fingers crossed for short term +ve movement in stock on account of completion in announcement of fertilsier unit hive off.
