Himalaya International

DATE: 20.01.2008
www.niftyiews.com
About Himalaya International
Delete box, or Himalaya international is an agri processing
add logo, photo, company.2008 being an year for agriculture related
or other image
here.
companies. We at TSR have found this unique play
for you.
Himalya has five hundred plus strong team
members working all round the year. Himalya is
ISO 9001:2000 certified Company with all it’s plants
complying with International GMP & HACCP.
Himalya has four complimenting production units
at its 25-Acrecomplex. Mushrooms: It offer three
varieties of Mushrooms; White(Agaricus), Crimini
(Italian Brown) and Portobello as frozen Buttons,
KEY STATS:- Slices, Dices & de-stemmed Caps. Mushrooms are
BSE: 526899 grown in-house right from omposting agro waste
NSE: and developing spawn to quick processing within
ISIN: NE552B01010 hours of picking. Contract farming: Himalya has
Current Price 27.8 created partnerships with local farmers to produce
all it’s raw material equirements from Vegetables
Target Price 40,53. to pure Buffalo milk.
(SHORT TERM Specialty Vegetables: We process Vegetables &
TARGETS). Baby potatoes grown especially in Sub-Himalayan
terrain. Baby Potatoes are delicious & full of
nutrition with tender skin. We also create Baby
Potato skins for specialty, gourmet food service
segment. Buffalo milk Italian Cheeses: Most
recently it has ventured for the pure Buffalo milk
from India ‘the original home’ of water buffaloes
with traditional Italian knowledge of making the
TEAM real, authentic Mozzarella & Ricotta Cheeses under
an Italian expert Raffaele Cioffi. Raffaele is the fifth
STOCKRESEARCHERS generation cheese producer from the coast of
Pvt. Ltd. Sorrento in Compania region of Italy. He
guarantees the authenticity and true tradition by
3 SUBHASHNAGAR CORNER,RAIYA ROAD,
supervising the entire process from milking to
RAJKOT, Gujarat, 360007
www.niftyviews.com
finish product at our plant Sweets & Appetizers
CONTACT:09327744250 Ethnic sweets and appetizers fall under the
CST NUMBER: AADCT0544JST001 company’s prepared food line.
UPSIDE TRIGGERS
Joint venture with reliance retail set to
change the financials of the company.
This will be one of the major points for
the re-rating of the stock. Company has
also entered into definite purchase
agreements for mozzarella cheese with
Winsconsin-based Artignale
Italiano.Under the scheme cheese
processed from companies unit in
himachal pradesh is exported to USA.
The company is all set to grow VALUATIONS
exponentially with the export of cheese
and entry into flavored yogurt segment.
Management is expecting a turnover of At the cmp of rs 27.70.The stock trades at 9
120 cr from domestic markets in times its Fy08 Eps of Rs 3.We advise a Buy
with target price of 40-53 in short term and
Fy10.The company has a very strong
multi-bagger returns in long term on the
operating profit margin of 32% and we stock. Have a view of one year and invets
believe its all set to improve going in the stock.
forward. The turnover this year is
expected to be 38 crores.We expect an
equity dilution of 30% going ahead to
fund the ongoing expansion plans of
the company. • Management will be
taking preferential allotment of 1
million warrants at 23.35.We believe 24
rupees will be the best price to enter
the stock. One can take 75% exposure
in this stock at cmp with an option to
add 25% at 24 levels. • Company is all
set to do a jv with the Gujarat
government for taking up mega food
processing project in Gujarat State. We
believe that the joint venture will be on
diary related products and might
transform this small company into the
league of major Indian agro players. •
The company holds tremendous
potential to be rerated going forward.
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