VL Agro Industries Limited, formally known as Jhunjhunwala Vanaspati Limited, incorporated in the year 1989, manufactures hydrogenated vegetable oil (Vanaspati Ghee) and refined oils, at its manufacturing facility in Varanasi, Uttar Pradesh located in North India. What started as a modest unit, with a production capacity of 25 MT/day is today the single largest manufacturing Company of hydrogenated vegetable oil in India producing over 300 MT/day. The name of the Company was changed from Jhunjhunwala Vanaspati Limited to JVL Agro Industries Limited on 21.10.2008.
Demand for the vanaspati product is directly related to the retail consumers.
With topline sales from past 5 years increasing and constant dividend payout.Its a buy at current level.
http://www.screener.in/company/?q=519248
With CMP of 19.80 and book value of 29.90 its an undervalued share.
Not a single share have been pledged by the promoters which are at 52.73
ITS a buy
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