Simran Farms – Counting on Chicken & Ruling the Roost
I want to bring to your notice a poultry stock – Simran Farms. Venky’s and Srinavasa Hatcheries have done awesome.
– I have had no contact with management
– Dont know whats the moat
I do know that chicken consumption doubles every 5 years in India and will again by 2015. On market cap to sales, company is undervalued if operating efficiency kick in.
Looking at last five years figures, you cant tell two occurances of bird flu smacked the company. Stellar growth if its all for real.
This group has many other unlisted companies.
I am betting that it can be a 50-100 Crore market cap company in 2-3 year which is upto 7 times upside.