RESONANCE SPECIALTIES LTD ( 524218 ) - READY FOR TAKEOFF

Dear friends, Today I am expressing my views on one pharma stock.

RESONANCE SPECIALTIES LTD.

Resonance specialities is one of the leading manufacturer of pyridine compounds.

"Resonance Specialties Limited" is a pioneer in Pyridine chemistry and one of the few manufacturers of the product in the world. The company, formerly known as Armour Polymers Limited, was the first in India to manufacture Pyridines. Resonance is also one of the largest manufacturers of Lutidines in the world. Despite the fact that these technologies are available only with a select few companies worldwide, Resonance was able to innovate and commercialise production with its own technology. The company produces a range of value added products and continues to be the largest manufacturer and exporter of products like Alpha Picolinic acid and Dipicolinic acid. Resonance has exclusive supply arrangements with global industry leaders.

Expanding the range of products

Resonance offers a wide range of products that includes:

·  Pyridines ·  Picolines ·  Cyanopyridines ·  Lutidines ·  Collidines ·  Active Pharmaceutical Ingredients (APIs) ·  Drug Intermediates Modern manufacturing facilities The company’s plant is located in the Tarapur Industrial Zone near Mumbai , India. The plant is spread across 32,000 square meters of land with class one structures. The company has plants to manufacture Pyridines, Picolines, Lutidines, Collidines, Cyanopyridines and for various value added products. Our facility is ISO certified and at par with any worldwide. Adherence to GMP guidelines ensures efficiency in production and results in the best possible quality of the end products. Resonance manufactures high quality Pyridines, Picolines, Lutidines, Collidines, Cyanopyridines, Active Pharmaceutical Intermediates and Drug Intermediates. These products cater to the requirements of various industries. ·  Pyridine is a versatile chemical used in the manufacture of  agrochemicals,     pharmaceuticals & bulk drugs, dyes, rubber chemicals, etc ·  Alpha Picoline is used in the Vinyl Latex Rubber. ·  Beta Picoline is used in the manufacture of Vitamin B3. ·  Gamma Picoline is used in the pharmaceutical industry for the manufacture of an     anti-tuberculosis drug, Isoniazid. Resonance products are exported to many countries worldwide through our supply agreements with many multinationals as well as through direct exports. Crisil has rated recently A4+ & BB stable rating for short & long term respectively. Company is listed only in BSE with CMP around Rs42.  Company posted over 8 Cr topline in Dec qtr with over 1 Cr bottom-line.Promotor holding is close to 65%. Eventhough stock trading at high PE but less than major leaders , considering Pyridine market is growing globally &  company is continuously invested in R & D & new technology to boost the growth. Stock is expected to perform very well in near to long-term. NOTE : THE ABOVE IS NOT A RESEARCH REPORT NOR A RECOMMENDATION  BUT INFORMATION AS AVAILABLE ON PUBLIC DOMAIN.  Registration status with SEBI: I am not registered with SEBI under the (Research Analyst) regulations 2014 and as per clarifications provided by SEBI: “Any person who makes recommendation or offers an opinion concerning securities or public offers only through public media is not required to obtain registration as research analyst under RA Regulations”