18,000 per cent multibagger returns: Ashish Kacholia’s portfolio chemical stock bags order worth Rs 675 crore from a leading Japanese Specialty Chemical Company
The shares of the company have an ROE of 25 per cent and an ROCE of 34 per cent.
Indian speciality fluoride chemical manufacturer Tanfac Industries Limited signed a framework agreement with a leading Japanese speciality chemical company to supply refrigerant gas over the next five years. This agreement is worth approximately USD 81 million (Rs 675 crore) and will see Tanfac begin supplying refrigerant gas in the second half of fiscal year 2025-2026. The company also plans to expand its Cuddalore facility to meet the demands of this new agreement.
About Tanfac Industries Limited. (TANFAC)
Tanfac Industries Limited is a prominent chemical manufacturing company based in India, specializing in the production of high-quality speciality fluoride chemicals. Founded in 1972, TANFAC is a joint venture between Anupam Rasayan India Limited and Tamil Nadu Industrial Development Corporation (TIDCO). The company commenced commercial production in March 1985 and has since established itself as a leading producer in its field. The manufacturing facilities are strategically located in the SIPCOT Industrial Estate, Cuddalore, Tamil Nadu, covering an expansive area of 60 acres. The location provides logistical advantages for both domestic and international distribution.
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On Friday, shares of Tanfac Industries Limited plunged 3.13 per cent to Rs 2,237.95 per share with an intraday high of Rs 2,345 and an intraday low of Rs 2,216. The stock’s 52-week high is Rs 2,778.70 and its 52-week low is Rs 1,679.05. An ace investor, Ashish Kacholia owns a 1.19 per cent stake in the company as of March 2024.
The shares of the company have an ROE of 25 per cent and an ROCE of 34 per cent. The stock gave multibagger returns of 785 per cent in 3 years, 1,360 per cent in 5 years and a whopping 18,000 per cent in a decade. The company has a market cap of over Rs 2,200 crore and investors should keep an eye on this Small-Cap chemicals stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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