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 :-
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