Tuesday, January 16, 2018

SINGER INDIA LTD (505729 ) :- A MNC PLAY..

 Dear friends,




    Many quality company stocks not participated  in recent market rally, investors may identify them for decent profits. Today I am sharing my opinion on one such MNC stock, this stock still not attracted bull.

                

            SINGER INDIA LTD

                             
                         

   Singer India Limited is engaged in the manufacture of sewing machines, sewing machine heads and sewing machine needles. The Company is also engaged in the manufacture of domestic electro thermic appliances, domestic non-electric cooking and heating equipment, and other domestic appliances. Its segments include Sewing products, which includes sewing machine accessories, oil and needles, and Domestic Appliances, including irons and steam irons, food processors, mixers, toasters, kettles, air coolers and desert coolers. Its products are marketed under the brands, SINGER and MERRITT. Its products in zig-zag fashion makers category include 8280, Classic and 1507. Its products in electronic fashion makers category include Curvy 8770 and Brilliance 6180. Its products in straight stitch category include Tailor Deluxe and Merritt Tailor. Its products in industrial machines category include Stitch Master and Merritt Universal. It has manufacturing facilities for sewing machines at Jammu.


  Singer is 160 years old company mainly working in manufacturing of Sewing Mechanics, last year company enter into HOME APPLIANCES business in three segments 1) KITCHEN APPLIANCES, 2) HOME APPLIANCES, 3) PERSONAL CARE APPLIANCES :-


                                   zig-zag-fashion-maker



        food-preparation             coolers

    Netherlands based promoters holding 60.81 % stake in Singer India, this is debt free  MNC company, Singer paying regular dividends around 15 to 35 %, book value of the company stands 44.5, industry trading around 65 PE , this stock available reasonable 35PE. Last few quarters promoters reduced stake from 74 to 61%, but stock price not effect much this indicates some big investors may bought stake from  promoters, latest half year company posted 195 cr top line and 4.2 cr bottom line with 4 EPS, if we take into full year company may post EPS around 8 in this year. Singer mentioned going forward more concentrating  for home appliances business,this will bring more growth in top line as well as bottom line going forward. Tomorrow company's stock will split into 5 ( now face value 10, after split face value become 2 ) this will create more liquidity into stock. Coming union budget may provide more benefits for textile sector, then this company also get benefited, this stock not participated recent stock market rally, this is more safe for retail investors.Some patience long term investors dig more about this company and sector then they may get real value for investing. Stock trading only in BSE @ 57.45 ( adjusted 2re face value ).



Note :- This is not BUY /SELL recommendations and not Research Reports.all data taken from social media and posted here.Before buy/sell take advice from certified persons.



 Web site HERE          

                                    



                                  

21 comments:

  1. Sir,promoter continuosly decreasing the stake, QOQ profit decreased.Is it just split play?

    ReplyDelete
    Replies
    1. Promoters still holding good 61℅ ,gst impacted last quarter result, Expecting good performance going forward..

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  2. I think it’s trading at 287 not 57.45 rs

    ReplyDelete
    Replies
    1. Just read carefully..I mentioned 57.45 ( adjusted 2 re face value) 57.45*5(10 rs face value) = closing 287...

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  3. Dear sir what is ur view current market .... i am huge loss singer and tgvs

    ReplyDelete
    Replies
    1. I am not a person to predict market movements in short time, if you are short time player then keep Stoploss for your comfert level and protect your capital ( don't chase any stock without your own research)

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  4. Hello sir, any view about Vama industries, Autolite India? Have bought singer at 56. Convicted about all reco. But still give your views.

    ReplyDelete
    Replies
    1. Research before buy not after, patience Always pays...

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  5. sir, please have a look at LEEL electric in the same sector.I think its a great value pick. kindly provide your view. Looking forward for your reply.

    ReplyDelete
  6. Dear vg .. can i have replay ... i am not seing any comment .

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  7. Singer India looks expensive. But I feel it is cheaper next only to LEEL in consumer durable /white goods segment .
    LEEL Electric is the best pick in this space.
    Singer India is a debt free MNC in consumer space.
    BPL, Sharp, MIRC, DIXON, AMBER, Havells are all trading at insane valuations.
    Sharp India with No production is trading at 135 Cr market cap.
    Only attractive thing is market cap is very small(around 280 crores). Huge growth is possible, scope is there for margins to improve.

    Planning to add some quantity if it comes lower..
    Found variety of products listed on Amazon which attracted me to have more digging about the company.
    The consumer durable/home appliences segment is growing at 35%CAGR. Thanks for the reco.

    ReplyDelete
  8. Dear Sir,
    For Singer when can we expect the market to bounce back?

    ReplyDelete
    Replies
    1. Market condition for mid and small cap stocks not favour at present, but good fundamental company should catch up.

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  9. Replies
    1. Company posted back to back poor performance (mainly due to raw material price increased hurting bottom line), Market condition also not favour for small cap stocks, any sharp fall is good opportunity to long term investors...

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  10. Sir your comments on upcoming days with Singer....please let me know

    ReplyDelete
  11. pls share your views about Denis chem. A big HNI varun daga holding a big chunk.

    ReplyDelete