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Saturday, April 11, 2015
APM INDUSTRIES LTD (523537) :- BUY AND ACCUMULATE
Today we are discussing stock from Textiles sector, this stock can give decent return in medium to long term portfolio like recent our stock pick MENON BEARING surge 30% in just two days
" APM INDUSTRIES LTD "
APM INDUSTRIES LTD, formerly know as (ORIENT SYNTEX), is managed by highly qualified professionals from various
fields, who share their vision and business acumen. APM strength lies
in its skilled & dedicated workforce and continuous upgrading of
human resources skills. APM INDS is equipped with most modern and
state of the art spinning machinery, including auto coners from Savio
Italy & TFOs. There is a modern in-house Research & Development
department equipped with latest testing equipments.. The latest Dyeing
Machines and Color Computers tests and match the shades. The company is
holding ISO 9002 certification for consistent quality making its
products acceptable by international standards and making its systems
complete, impeccable and recorded down to the last detail. At present, APM INDS has installed spindle capacity of 43136 spindles and
producing approximately 12 million kg. of Yarn per annum. The Company is
firmly committed to constant up-gradation of its technology and
machinery, thereby keeping pace with technological breakthroughs all
over the textile world.
Company posted 245cr top line and 15cr bottom line in latest nine month 2014-15 , expected full year EPS around 6, APM is a regularly dividend paying company ,recently company declared 85% (1.70rs) interim dividend to share holders. Promoter holding 61.64% of 4.32cr paid up equity capital . APM INDS have 98cr free reserves in last financial year, one can expect bonus issue in future.Book value of 78 rs stock trading bellow book value, with just 6pe.
Stock trading only in BSE @ 51 level, one can buy @ current price and buy further in correction and hold for medium to long term portfolio, This one stock may cross 100 mark in future.
Disclosure :- I am holding this stock in my medium term portfolio.