Review

BOMBAY BURMAH TRADING CORPORATION 

Ticker : 501425  
FV : Rs 2  
52-Week H/L : Rs 1380.80/538

We had previously recommended Bombay Burmah Trading Corporation in vol. 36, no. 33, dated June 08, 2020, when the scrip was trading at Rs 1,076.50. It was recommended, owing to the company’s encouraging quarterly performance and improving fundamentals. Bombay Burmah is a diversified manufacturing and trading company, which owns plantations of tea, coffee, cardamom, cocoa, rubber and palm oil in different countries. On the consolidated financial front, for Q4FY20, the company reported net sales of Rs 2,870.84 crore, which is an increase of 0.13 per cent, as compared to Rs 2,867.19 crore in Q4FY19. PBDT for Q4FY20 came in at Rs 502.92 crore, clocking a growth of 4.04 per cent from Rs 483.38 crore in Q4FY19. In Q4FY20, the company gained a net profit of Rs 319.54 crore, increasing by 16 per cent from its net profit of Rs 275.47 crore gained in Q4FY19. We recommended to Book Profit on July 8, 2020, at Rs 1,157.15 with a gain of 7.49 per cent.