Agri-Tech (India) Ltd: Undervaluedstock (NSE Code: AGRITECH, BSE Code: 537292) (CMP: Rs.60) (FV:Rs.10)Agri-Tech (India) Ltd(Agritech) is a group company of the Aurangabad-based Nath Bio-Genes, which wasdemerged from Nath Seeds Ltd in 2004 to focus on agri sector activities. The Company’s valueemerges from the following 3 verticals 1) Agri-Tech Holds holds 15.6 lacs shares of Nath Bio Genes valued atapprox 51.5 cr.2) Agri-Tech owns 500acres Land bank near Paithan in district Aurangabad, the market value of whichis Rs.110 crore (valued as per the recent sell transaction of 90 acres forRs.20.4 crore by the company in Q4 FY16.3) Agritech holds 66%stake in Paithan Mega Food Park Pvt Ltd (PMFP), along with 34% stake with NathBio-genes. Agritech’s valuation of PMFP works out to approximately Rs.70 croreThe project issupported by the Government of India (GoI) for the State of Maharashtra. MegaFood Park (MFP) is a concept and scheme developed by the Ministry of FoodProcessing Industries (MoFPI), Government of India with the objective ofproviding adequate infrastructure for food processing industry to enable freshinvestments into the food processing and also enhance employment opportunitiesin rural areas. MFP to have a Central Processing Centre (CPC) supported byCommon infrastructure and Primary Processing Centres (PPC) and collectioncentres. Facilities like warehousing, cold storage, etc. are expected to becomeoperational in the next financial year. Agri-tech India hasequity capital of just Rs.5.94 crore supported by reserves of around Rs.41.95crore. Market Cap of the company is just35.8 Cr, it becomes a serious re-rating candidate as thetotal valuation from the 3 verticals totals around Rs.230 crore while theCompany’s market cap just Rs.35.8 crore and it is a debt-free company.The promoters hold 46.3%of the equity capital, 17.7% stake is held by HNI’s and Corporates. Book Value of the company works out to be Rs 80.63 and trades at 0.75Price/Book. In Q1FY18 it posted a profit of Rs 16.18 cr against loss of 14 lacsin Q1FY17. The profit is due to sale of land, so it is due to other income otherwise it would have posted loss.FOLLOW US ON OUR TELEGRAM CHANNEL FORAMAZING FACTS AND NEWS RELATED TO INDIAN MARKETShttp://t.me/FundamentalBlastersFOLLOW US ON OUR TWITTER HANDLEhttp://twitter.com/FundamentalGems