VIVID GLOBAL INDUSTRIES LTD (524576) - STOCK OF THE WEEK

Dear Investor friends, Today I am expressing my view on one Dye/ Commodity chemical stock.

VIVID GLOBAL INDUSTRIES LTD (524576)

Vivid Global Industries Ltd (Formerly known as Vivid Chemicals Ltd. / Vivid Exports Ltd.), an ISO 9001 – 2008 Certified Company. Vivid Group of Industries and is a Public Limited Company is well known in the field of Dyes and Dye-Intermediates and Specialty Chemicals for the past 43 years. 

Vivid Global Industries Ltd., having its Registered office in Tarapur in the state of Maharashtra, India and having its Factory at Vapi in the state of Gujarat is one of the largest manufacturers of Dye intermediates.

PRODUCTS

Company products mainly fall under 4 categories.

Dye Intermediates

Direct Dyes

Acid Dyes

Reactive Dyes

Dye Intermediates

TOBIAS ACID (Regular Grade)

TOBIAS ACID (Purified Grade)

SULPHO TOBIAS ACID

N-METHYL J. ACID  

N. PHENYL J. ACID (Standard Grade)

N. PHENYL J. ACID (Purified Grade-I

N. PHENYL J. ACID (Purified Grade-II)

RHODULINE ACID (DI.J.ACID)

Reactive Dyes

REACTIVE HIGH EXHAUST ( HE ) DYES

REACTIVE MILD EXHAUST ( ME DYES) ( BIFUCTIONAL DYES) REACTIVE COLD BRAND DYES (DICHLORO TRIANZE BASED)

REACTIVE HOT BRAND DYES (MONOCHLOROTRIAZINE BASED) REACTIVE DYES (VINYL SULPHONE BASED)

Direct Dyes

DIRECT BLACKS

DIRECT BLUES

DIRECT GREENS

DIRECT REDS

DIRECT VIOLETS

DIRECT ORANGES

DIRECT BROWNS

DIRECT YELLOWS

Acid Dyes

ACID BLACKS

ACID BLUES

ACID GREENS

ACID REDS

ACID VIOLETS

ACID ORANGES

ACID BROWNS

ACID YELLOWS

Exports

Company Products almost 90% of the India’s export of Phenyl J.Acid is being done by the  Company and 60% of N.Methyl J.Acid exports is also done by Group. Vivid export products to various countries such as Spain, Brazil, Pakistan, Thailand, Taiwan, Korea, Bangladesh, USA. Etc. Companys main clients are Archroma (formerly known as Clariant).

Vivid Global Industries Ltd., strive hard to raise our quality standard to maintain growth and leadership, so as to emerge as a No. 1 ‘Custom Oriented Company’.

Company website: Clickhere

FINANCIALS AND OUTLOOK

Company shares are trading in BSE. Promoter holding in company 50.18%

Company posted 9.99 Cr top line in June Qtr.

Net profit is 0.56 Cr bottom-line in June Qtr.

Stock is trading at par PE compared to industry & its major peers.

Debt to equity ratio is 0.32

Stock is trading at Rs 39

Company is mainly engaged in the business manufacturing of Dyes & intermediates which is a evergreen sector in specialty chemical sector. This sector is reviving in India as the China growth factor is diminishing.

Company has shown growth both in topline & bottomline in the June Qtr.

Considering above and performance of the company stock will rerate and will give handsome returns to the investors in near future.

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”