One of the oldest player in the textile segment is expected to close this year with a sales of over 2500 crore and a net profit of over 110 crore resulting in an eps of Rs 4.5 / share. Company is planning to invest over 2 billion for the expansion of its denim capacity and also to open various retail outlets across the nation.This expansion will result in a quantum jump of sales from 2500 Crores to 4300 crores in the next 2 years with an estimated eps of Rs 10/share.
Company is holding a land bank of 1000 – acre in and around Ahmadabad and the company is planning to develop these land for residential purpose. There will be a huge unlocking of value when this project is announced by the management.
At present the share is available at a price of Rs 54/- which will Gain 50 % to 100 % in next one year.
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