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Monday, January 25, 2016
BHANDARI HOSIERY EXPORTS LTD (512608) :- TURNAROUND STORY
Some mid and small cap company's posted really good set of results ,Long term investors more concentrate this type of stocks , don't look in to Index day to day movement and global news.
Today we are discussing such a good result posted company from Apparels & Accessories segment stock for long term investments.
"BHANDARI HOSIERY EXPORTS LTD"
Bhandari Hosiery Exports Limited is a garment manufacturing company
having vertical production facility to produce High Fashion Knitted
Garments. With more than 15 years experience and state of the art
manufacturing facilities, Bhandari Hosiery manufactures garments for
leading international and overseas brands and some overseas retail
chains. In the international market, we have a presence in around 17
countries including quality conscious markets like USA, Canada, UK and
the European Union.
The Company is engaged primarily in the
manufacture and export of knitted hosiery garments such as T-Shirts,
Pull Overs, Sweat Shirts, Bermudas, Polo shirts, Track Suits, Payjamas,
Lowers, ladies knitted tops with embroidery, prints etc.
Company's products are targeted towards trendy fashion oriented line for both sex
of the upper middle class segment. Our garments are exported to many of
the European and North American Countries.
Frequent changes in fashion trends make it imperative
for suppliers to deliver newer styles quickly to their customers.
Understanding the need for timely delivery we always aim to provide our
customers an efficient and satisfying service.
After fully implementation of this plant by
2015-16,Bhandari fabric manufacturing capacity would go up to 10 tonnes
per day from the existing 4 tonnes per day. Its garments manufacturing
capacity stands currently at around 10,000 pieces per day.
Company posted 152.45 cr sales and 6.19 cr net profits in latest 9 month ended 2015-16 ( Last full year sales 124.9 cr and net profit was 2.19 cr ) so company posting quarter on quarter growth in topline as well as bottomline. This sector stocks are trading around 29 PE this stock is available in just 7.9 PE forward. Stock trading only in BSE @ 49 level , some risk taker investor can buy @ current price and buy more in correction (if any ) this stock is may cross 3 digit mark in future.
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certified financial person.
Disclosure: It is safe to assume that I have vested interest in the stock.