Monday, January 25, 2016

BHANDARI HOSIERY EXPORTS LTD (512608) :- TURNAROUND STORY

Dear friends,


   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.



Before buying any stock consult certified financial person.


Disclosure: It is safe to assume that I have vested interest in the stock.

18 comments:

  1. What is that stake of promoters? Screener says 0.

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  2. Replies
    1. Promoter increased stake 23.71 to 24.19 % (MARCH 15 TO SEPT 15 )

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    2. Can I buy Diana tea for long term?

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  3. Sir ur take on mic electronics. Thnk u

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  4. Thanks for the reply. Screener showed something else. It presented grim picture on this front.

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  5. Sir your views on below stock

    ASSOCIATED ALCHOLOL & BREWERIES Ltd.

    Associated Alcohol and Beverages has very low debt, very low equity base and good promoter holding. Posting good profits consistently. Looks like it is going to be next GM Breweries.

    ASSOCIATED ALCHOLOL & BREWERIES LTD is contract manufacturer for Famous brands

    Smirnoff Vodka – The world’s leading vodka.
    Captain Morgan rum – The number 3 spirit brand by volume in the US. number 7 worldwide.
    HAIG Scotch whisky – A frne whisky from the oldest distilling family in Scotland.
    Masterstroke whisky – The latest brand from liquor company Diageo-Radico.
    Glen Drummond single malt scotch whisky – First locally battled single malt premium scotch whisky in India.
    Royal Crown whisky – Scotch blended grain-based Indian Made Foreign Liquor.

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  6. Sir how about the result of peacock Ind announced by company for Dec at this rate can we enter for long term means 1 year or so....

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    Replies
    1. Company posted good set of numbers, no change my old views.

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  7. Very much Thanks for your view sir

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  8. Sir can you plz give your views on Aksh Optifibre

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  9. Sir I request you to pls suggest me of your old scrip which I bought for long term can I hold on to pix and dinemic Ind both with some latest development in this scrips thanks

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  10. Sir Pix transmission and dynemic product pls your view on this

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  11. Seems to be a good turn around story on numbers + increased promoters holding. However, the product pictures shown on their website is usually regular or old fashion products..... the company should transform the images on their website too. Just my observation.

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