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Thursday, February 4, 2016
LUDLOW JUTE &SPECIALITIE (526179 ) :- VALUE BUY
Discount sales going on in global stock market and India also, now investors look into discount sale stock and make their portfolio strong , normally discount sales not too long and fair value with premium should come.Now today we are discussing one such a stock is available in discount price !!!!!!!!
"LUDLOW JUTE & SPECIALITIES LTD"
always been in the forefront of the Indian jute industry with innovative
products. Equipped with state-of-the art machines from preparatory to
finishing sections and manned by a highly skilled workforce, Ludlow has
developed products like Jute Mesh/Scrim for Roofing Felt, Agriculture,
Horticulture and Webbing for Furniture Industry, Rubber Bonded jute
cloth for Landscaping, special fabrics for Furnishing and Apparel, Soil
Saver known as Geo-textile and Carpet-backing Cloth.
Ludlow products set the quality benchmark for the industry.
Continuous modernization, focus on high value added products and strict
quality control are some of the outstanding features of Ludlow, which
exports nearly 45 percent of its production.
The company continues to invest heavily in sophisticated
machinery and equipments. It has modernized various sections of the
factory and reoriented workforce, thereby gaining the reputation of a
forward looking, quality conscious organization with high productivity.
Ludlow makes an aggressive marketing pitch to reach out to new markets
as it continuously introduces new products to serve its existing
Ludlow has the honour to be the first jute mill in the
world to be recognized as an ISO 9002 company for all its products in
1994. Subsequently it obtained ISO 9001-2000 certification in
recognition of its continued maintenance of quality standards.
Ludlow is ideally situated on the banks of the river
Hooghly with 1.2 million sq. ft-constructed area within 100 acres of
prime land. Driven by a strong sense of social and environmental
responsibility, the company is maintaining the premises in the most
Ludlow is the only one in the industry which besides
having an area of half million square feet in the mill's first floor has
an additional space of half million square feet under the mills land
for various production and service activities including storage. This
will facilitate significant capacity expansion in the future.
Company posted turnaround result for 2015-16 top line 236 cr and bottom line 5.04 cr ( last full year top line 232 cr and bottom line was 4 cr loss ) so first 9 months company achieved EPS of 4.67 ,expected full year EPS around 7.Book value of 33.5 and 315 cr sales company is available in just 63 cr market cap !!!!!.
promoter holding around 67.20 % stake, stock trading only in BSE @ 58.75 level , long term investor can buy @ current price and hold their portfolio, this stock should cross 3 digit mark in medium to long term.
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