Company present in Textile, Retail and Infrastructure sector expected to close this year with an expected turnover of over Rs 6000 Crores. Company invested over 70 billion in the last five to six years for various expansion programs has started reaping the benefits from theses expansion programs. These can be seen from the increase in sales
Year end, Sales in Crores, % sales Growth
March ‘11, 6300, 46 %
March ‘10, 4311, 45 %
March ‘09, 2966, 37 %
March ‘08, 2159, 18 %
March ‘07, 1829, 29 %
Main trigger in company is its expected revenue from its real estate in and around Mumbai and the company is expected to earn apprx 2000 Crores from its real estate in the next 2 years time.
Even though Company is present in one of the oldest industry but the policies followed by the management are very modern which is evident from their consistent investment in modernisation programs year after year. They are planning to invest around 4.5 billion in next 2 years for modernisation programs.
Company is expected to close this year with an expected eps of 5.00 and a book value of around Rs 45.00 which means that this share is available at 50 % of its book value.Investment is recommended in this share at present value of Rs 23 and the share is expected to double in less than 2 years
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