_Cheapest Speciality Chemicals Stock_

*Birla group stock:Tiny Mktcap*

TANFAC INDUSTRIES LTD

Aditya Birla group co promoted with TIDCO, is in production of

1) Aluminum Fluoride: used by Aluminum industry. Due to rising production of aluminium, Aluflouride prices have spurted in last 3 quarters

2) Hydrofluoric Acid: used for manufacture of Refrigerant

3) Oleum: used in chemical industry
TANFAC has world class Technology and makes several other chemicals.

            Q2FY17. Q2FY16

Sales.       33.      24

NP/Loss  3.15.  -4.45

Equity.       9.98

EPSRs.      3.16

TANFAC reported spectacular turnaround in current year.

_H1 NP is 5.48cr, translating in EPS of Rs 5.48_

Aluminum Fluoride prices have risen further. Due to rising demand from Aluminum industry, prices continue to firm as no new capacities have come up in last few years

H2 should be significantly better than H1

               FY17E.  FY18E

Sales.     145.    165

NP.           15.       19

EPSRs.    15.       19

Stock is trading at 5xFY18Eeps

This Aditya Birla group stock is DEFINITELY underpriced

Stock can be 150 in 9 months and can cross 200 in 15 months