Feb 2, 2018

How is this White Organic Agro Ltd from Organic food space!

I was trying to check White Organic Agro Ltd. Seeing its numbers, I see no reason not to buy. Why should not I buy this! Growth is strong. Valuation is reasonable.

Check White Organic Agro website. It is all about Organic Produce.

Recently govt in Budget 2018 has committed to increasing farmers income. I do not know how that will impact these companies.

CMP: Rs 118

Check yourself for more. Very boring day today.

Products list at White Organic Agro Ltd.

Sensex down by 2.5%
and Small Cap down by 4.7% (3.28 PM).

Update (Feb 19, 2018):
White Organics Ltd's old name was White Diamond Industries before 2016. It was slapped with fine in past few times for non disclosure of shareholding change, etc.

In Sept 2017, it has received 500 tonnes Aloe Vera pulp order from Patanjali.

The company has acquired Future Farms LLP which has organic farming in Gujarat. Also setup retail stores in Mumbai and Gujarat.

The company has registered a wholly own subsidiary in UAE, which company expect will help it spread in Europe and Middle East.

There is no debt.

Cash generation is not good. But this can be due to investment!

Promoters stake is low. Only 27.56% which very low. Seeing fast pace of development in the company and growth, why promoters is not increasing its stake! What could be the reason on positive side? I see it as negative.

Feb 14, 2018 Notice on BSE:
We refer to the earlier Notice No. 20170428-27 dated April 28, 2017, Trading Member are requested to note that following four Companies have paid Annual Listing Fees for the financial year 2017-18. Therefore, Trading in these Companies shall be shifted from Trade to Trade Segment to Normal Segment w.e.f February 21, 2018.
It means trading will shift to X group from XT currently from Feb 21st, 2018 on BSE.
The company is only BSE listed.

Investor's presentation for Q3, 2017. Sent to BSE on Feb 15, 2018.