An organic growth story!
With robust history of manufacturing bulk speciality chemicals, Laxmi Organic Industries is a speciality chemical manufacturer, focused on two key business segments:
Acetyl Intermediates & Speciality Intermediates
So many applications in diverse chemical B2B businesses, Laxmi Organics growth has been very robust in past 5 years.
The revenue has increased 18% with profits increasing over 57% YoY in 2021. Laxmi Organics has strong balance sheets with negligible debt. The expected revenue generations in future is robust.
TECHNICAL ANALYSIS
On charts the stock has formed a base around 400 for last six months and has consolidated.
Short term target is 570 which is expected to come in next 6-12 months. And long term scenario is really good with targets touching 900 within 3 years span.
Although with high PE ratio of almost 4 times the industry PE, Laxmi organics is a good bet for long term.
Happy Investing!! :)
*Disclaimer- The above-mentioned article is just for educational and research purposes. I am neither a SEBI registered advisor or broker nor have any financial relations with Action Construction Equipment Limited. This is not a financial or equity recommendation.
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