This Gujarat based company, which manufactures Sulphuric Acid, Oleum, Sulphur Dioxide etc, used primarily in Chemical and Dyestuff industries had posted a good show for Q1FY18. Net sales doubled up to Rs.6 crore (YoY). Expenses were reined in vis-à-vis the revenue – it came at 78% of total revenue v/s 113% last Q1, which had pushed the company into a loss.

EBITDA was at Rs.1.5 crore v/s loss of Rs.28 lakh (YoY). The company ended up with a turnaround net profit at Rs.1.4 crore v/s net loss of Rs.36 lakh; even QoQ, the jump in net profit is fantastic as Q4FY17, net profit was at Rs.39 lakh.

It’s a debt free company and equity stands at Rs.7 crore. It ended Q1FY18 with an annualized EPS at Rs.8 (FV of Rs.10).