KS Oils Limited serves millions of consumers with of edible oils like soybean, mustard, vanaspati and palm oil under the renowned brand name of KS Gold, Double Sher, Kalash, and others. It enjoys 11% share in the overall mustard oil segment and the brand mustard oil market is dominated by KS Oil with a share of 25%.
KS Oil is a professionally managed company with a base in four Asian countries like India, Malaysia, Indonesia and Singapore.
Latest News On KS Oils
As per report dated September 27, 2011, KS Oil reported a net loss of Rs. 355.10 between April to June quarter 2011. It made a net profit of Rs. 50.51 during the same period last year. The sale during this these two quarters were Rs.
The shares of KS oil are trading at Rs. 10.10 on October 17, 2011. The 52 weeks High and Low figure of KS Oil stock is Rs.63.20 & Rs. 7.65.
The Company Secretary Mr. Naveen Jain has resigned on September 13, 2011. Mr. Ritesh Jain has taken over his charges with effect from September 15, 2011.
AS per report dated September 12, 2011, the shareholders of this company have agreed to raise fund through GDR Issue up to $ 150 million. It also have approved in an extraordinary general meeting held on this date, to raise the authorised share capital to Rs. 90 crore from previous Rs. 60 crore.
A media report suggests that Glencore International AG from Switzerland, the largest commodity trader in the world may bid in this issue.
Mr. R. C. Garg, the Chairman of KS OIL, has sold 3.05% or 1.29 crore shares of the company in the open market on August 12, 2011. His own holding came down to 8.23% after the sale and the current promoter’s holding of KS OILs remained 30.72%, which will go a long way in improving the company’s financial, which is an immediate worry. The stock can see some relief rally on this news.
KS Oils Stock Recommendation Buy Or Sell
The Key Fundamentals of K S Oils:
- Face Value: Re. 1.00
- Book Value Per share: Rs. 32.51
- Price to Earnings Ratio: (-) 1.97
- Last Dividend: 18.00%
- EPS (Trailing 12 months): (-) Rs. 5.11
The experts are of opinion that investors may hold the stock of KS Oils at this Rs.10 level with a stop loss at Rs. 8.00. Although stock is currently trading close to its 52 weeks low, any time in the coming session it may touch level of Rs. 15. The EPS on March ending at 2011 was Rs. 4.42 and a present book value of Rs. 32.51.
A news report on October 11, 2011 reveals that Archer Daniels Midland, a US based Company may buy four KS Oils plants, the markets expects a recovery of the company’s financial condition with the entry of ADM & may result some relief rally to KS Oil stock.