Orient Refractories Ltd (multibagger stocks pick)

 #Orient Refractories Ltd #multibagger #smallcap #midcap

Orient Refractories Limited (ORL) is in the business of manufacturing and marketing special refractory products, systems
and services to the steel industry in India and Globally. It is a market leader for special refractories in India and has many global customers for its international quality products.

Revenue Breakup
Presently, the company earns 74% of its revenues from manufacturing of refractories and 22% from trading of refractory items.#

Dependent Industries
Demand for refractory is primarily dependent on steel industry, which accounts for 75% of total sales. Refractory products are also used glass, cement, non-ferrous, petrochemicals, etc.#

Manufacturing Facilities
The company has 2 manufacturing facilities located in Bhiwadi, Rajasthan and Tangi, Odisha for its manufacutring operations.#

Capacity Expansion & Investment
In FY20, The company purchased certain assets of Manishri Refractories & Ceramics Pvt Ltd's plant situated at Cuttack, Odisha for ~44 crores. The plant has capacity of 10,000 tonnes of MGU bricks which will be increased to 18,000 tonnes post capex.

It also acquired 100% stake in Intermetal Engineers India Pvt Ltd for 10 crores for manufacturing of steel plant equipments which are exported to its customers in Gulf and African Region and caters to 400 plant customers in India.#

Merger Scheme
The company proposed a merger scheme to merge RHI India and RHI Clasil (promoter group entities) with the company. #
The merger would issue ~4 crore equity shares to the shareholders of RHI India and RHI Clasil which would have increased the equity capital of the company to 16 crores.#

The scheme was rejected by the NCLT in March 2020.# However, the NCLAT directed NCLT to approve the scheme without any delays January, 2021.#

Acquisition by RHI Magnesita
RHI Magnesita acquired 43.6% stake in the company from the core shareholders in March, 2013.#
It further acquired 26% stake through an open offer in April 2013.#
RHI Magnesita is a global leader in refractories with largest number of manufacturing locations around the world.#

Technical View

Good Buy on Cmp

stop loss 220

Target 600/1000

Duration 2/3 years

Hester Bioscience (multibagger stocks pick)

 #Hester Bioscience #multibagger #smallcap #midcap

Hester Biosciences Ltd is one of the leading animal health care companies & the second largest poultry vaccine manufacturer in India. Founded by Mr. Rajiv Gandhi in 1987, it has now a presence in over 30 countries & has a key market in India, Nepal & Tanzania
Partners with Bill & Melinda Gates Foundation, GALVmed, Golchha Organisation, Novapharma, etc.
Also, provides services like seroprofiling kits and diagnostic labs for poultry flocks, and mastitis control programs for cattle.

Technical View

Good Buy on cmp

Stop loss 1600 weekly closing base Target 3000/3600+