Haycarb PLC results out - Last Qtr profits down 50%
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Monster wrote:HAYC is one of the largest coconut shell based activated carbon manufacturer in the world.
Though profit is down by 50% when we compare the same period last year, they are recovering. They have achieved Rs3.74 EPS in this quarter. That's better than I expected. Due to rainy weather season during January there was a shortage on raw materials.
But still annualized EPS is Rs.17/-, which mean it's undervalued. They should do better in the coming quarter if they get the raw materials regularly.
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