Category Archives: Basic Material

Buy Steel Authority Of India Ltd.

Steel Authority Of India Ltd.


Sector – Basic Materials
Industry -Steel
Stock Style -Large Core
Market Cap- 242.3 bil
Price/Book- 0.6
Forward P/E- 6.9

Steel Authority of India Limited (SAIL) is an India-based steel producing company. The Company is an iron and steel manufacturer producing both basic and special steels for domestic construction, engineering, power, railway, automotive and defense industries and for sale in export markets. The Company’s business segments include five steel plants and three alloy steel plants of SAIL, two power joint venture companies being NTPC-SAIL Power Company Pvt. Ltd. and Bokaro Power Supply Co. Pvt. Ltd., one power subsidiary being SAIL-Jagdishpur Power Plant Limited (SJPPL). The Company manufactures and sells a range of steel products, including hot and cold rolled sheets and coils, galvanized sheets, electrical sheets, railway products, plates, bars and rods, stainless steel and other alloy steels. The Company’s subsidiaries include SAIL Refractory Company Limited, SAIL-Jagdishpur Power Plant Limited, and SAIL Sindri Projects Limited.

We recommend a POSITIONAL BUY in SAIL @ 58 TGT 70 AND 75 SL 52

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Buy Monnet Ispat & Energy Ltd.

Monnet Ispat & Energy Ltd.


Sector – Basic Materials
Industry -Steel
Stock Style -Small Value
Market Cap- 03.1 bil
Price/Book- 0.1
Price/Cash Flow- 5.7

Monnet Ispat & Energy Limited is an India-based manufacturer and marketer of sponge iron, steel and ferro alloys. The Company is also engaged in mining of minerals such as coal and iron ore, besides generation of power for captive consumption. Monnet Ispat & Energy Limited is also engaged in selling power through its subsidiary Monnet Power Company Limited by setting up thermal power plant backed with captive coal mine in Angul, Orissa. The Company has coal blocks such as Gare Palma IV/5, Utkal B2, Urtan North, Raigmar dipside block and Mandakini. The Company’s subsidiaries include Monnet Power Company Limited, Monnet Overseas Ltd., Monnet Daniel Coal Washeries Ltd., Monnet Cement Ltd., Rameshwaram Steel & Power Pvt. Ltd., and Monnet Global Limited.

We recommend a POSITIONAL BUY in MONNETISPA @ 51 TGT 56 AND 60 SL 47


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Buy Rashtriya Chemicals & Fertilizers Ltd

Rashtriya Chemicals & Fertilizers Ltd (RCF)

Sector – Basic Materials
Industry –Agricultural Inputs
Stock Style -Small Value
Market Cap- 32.4 bil
Price/Book- 1.3
Price/Cash Flow- 18.5

Rashtriya Chemicals and Fertilizers Limited (RCF) is an India-based fertilizer and chemical manufacturing company. The Company offers urea and complex fertilizers (NPK) along with a range of industrial chemicals. It provides a range of fertilizers, including Sujala, Suphala 15:15:15, Suphala 20:20:0, Ujjwala, Microla and Biola. It also produces bio-fertilizers, micronutrients and 100% water soluble fertilizers. The Company manufactures basic chemicals such a methanol, ammonia, ammonium nitrate, sodium nitrate, sodium nitrite, ammonium bicarbonate, methylamines, dimethyl formamide and dimethyl acetamide, formic acid and argon.

We recommend a POSITIONAL BUY in RCF @ 57 TGT 65 AND 75 SL 50


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