*Jindal Group Co: Mktcap 47cr*

_CHEAPEST METAL STOCK_

*HISAR METAL IND LTD*

Promoted by Jindal Family/Jindal Metal, Hisar Metal produces High Precision, Ultra Thin Stainless Steel Strips. Co has its own power plant for captive use and regular supply

*In last 3 months, prices of Stainless Steel strips have spurted 25%*. Hence the recommendation as co can report much higher profits in future.

Financial Performance:

               Q1FY18 Q1FY17

Sales.        53.      42

PBT.          1.49.   0.70

PAT.           1.05.   0.42

Equity.        5.40.   3.60

Hisar Metal had issued 1:2 Bonus shares last year

_Q1 NP has already spurted by 150%_

               FY18E. FY19E

Sales.     225.     240

PAT.        5.50.    6.50

EPS.        10.       12

1) Jindal Family co trading at 8.7xFY18EEPS and 7xFY19EEPS

2) Mktcap 0.25xSales

3) Ultra Thin SS strips is High Technology High Precision business

4) METAL INDUSTRY DOING WELL

5) Promoter equity free from encumbrances

6) Dividend paying and Bonus last year

Majority of investors not even aware of this listed entity, hence such low valuation

Hisar Metal is definitely Undervalued.

STOCK PRICE CAN DOUBLE IN 15 MONTHS