Value Pick April ’17: GeeCee Ventures Limited

Company Background –

History:

GeeCee Ventures Limited was incorporated on February 14, 1984, as a private limited company with the name Shubham Aromatics Private Limited.

On October 1, 1985, the company was converted into a public limited company and consequently, the name of the company was changed to Shubham Aromatics Limited.

The Promoters of the Company had also promoted another company, in 1978, viz. Gwalior Chemicals Private Limited (GCPL) which company was also in the business of manufacturing Chlorotoluene products. As a step for consolidating businesses within Chlorotoluene range, the Promoters deemed it fit to merge the two companies.
Accordingly, GCPL was amalgamated with Shubham Aromatics Limited with effect from October 1, 1992. The name of the Company was changed to Gwalior Chemical Industries Limited on May 3, 1993.

In 2010 the company has changed its name from Gwalior Chemical Industries Limited to GeeCee Ventures Limited.

Business:

GeeCee Ventures Limited is one of the leading manufacturers of niche chemicals in India for agrochemicals, flavors & fragrance, dye & paint, and pharmaceuticals industries. The company operates as an integrated international chemical organization with the business encomprising production & distribution of Chemicals.

Company’s Plants:

The company has manufacturing plants located at Ankleshwar in Gujarat. They have their power plant facilities located at Jaisalmer and Fatehgarh in Rajasthan.

Business Area:

Company’s major markets include India, Japan, Korea, Europe and the United States of America.

Listed On:

The company’s shares are listed for trading on National Stock Exchange (NSE) & Bombay Stock Exchange (BSE) in India.

Stock Information –

Share Holding Pattern –

 Financials –

Considering the sector outlook and techno-funda analysis; GeeCee Ventures Limited looks fairly valued at Rs 137. FinBlab recommends investing in a stock keeping a long-term view in mind.

Next Value Pick is on 6 May 2017

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