Increasing disposable income and changing food habits
made lot of changes in the fortunes of companies from
Poultry and hatchery industry. All listed players from this
sector are going through a re-rating currently. Srinivasa
Hatchery is a company from this sector which is
performing very well in financial front in recent times.
Srinivasa Hatcheries, the flagship of the Srinivasa group
was promoted by C Jagapati Rao and K Somi Reddy .
SHL is a leading company in the Indian poultry industry
started in 1978 at Hyderabad
breeding and the production of broiler chicks. Its farms
and hatcheries are located in the coastal districts of
Andhra Pradesh and a poultry diagnostic laboratory
in Vijayawada
yielding chicks and working closely associated withvenkateshwara group ,the undisputed leader in
Hatchery sector. For the full year of March 2010,SHL
posted a turnover of Rs.123 Cr and a net profit of
Rs.12 Cr . For the first qtr of current FY itself company
posted a sales of Rs.37 Cr and a net profit of Rs.5.5 Cr .
Company recently declared a bonus and 25% dividend
Currently it is trading around Rs 118 /- which is close to
its yearly high . Considering its strong growth and re-rating
in this sector it is expected to give decent return even from
current level
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