Today we are discussing stock from tyre manufacturing company, old listed company but little known in investors,good turnaround story stock for long term investors.
"GOVIND RUBBER LTD"
Govind Rubber Limited (GRL) is a global name for a range of world-class bicycle tires. Founded by Late Mr. M. P. Poddar in 1964, our inception was laid with a motto of creating durable and reliable tires for the then nascent Indian bicycle industry. Soon enough, GRL grew to become one of the top Indian tire manufacturers.
GRL started off as Indian bicycle tire manufacturers, grew as an entity that was credited to have Indians glued to their bicycles and continue to grow today as trendsetters in the global width of this industry…
GRL is a part of one of India’s biggest conglomerates – the Siyaram Poddar group and looks back at its cutting edge milestones – placing us where we are today.
Govind rubber is mainly manufacturing 2-3 wheelers tyres and rubber products. Promotor holding good 54% stake, company posted 104cr topline and 1.8cr bottom line in latest quater whith an EPS @0.82 ,expected full year EPS arround 3. Total annual sales around 410cr just 67cr market capitalization this stock really undervalued @current price. Stock trading only BSE @31 level long term investors can buy this stock @ current price and add more in decline,it may cross 3 digit mark in future.
Disclosure:- I am holding this stock.