Superhouse Ltd is the flagship company of
superhouse group which is one of the largest
exporters of finished leather from India.
Company is supplying products to major
global brands like Tuff Tusker,Heckle,
Bulwark,Stabilus ,Secura,
Bulwark,Stabilus ,Secura,
Schutz ,Hauf ,HKS ,Globex, and EWS .
Apart from this company is selling its two
brands in India
‘Double Duty’ through company owned
Allen Cooper shops. Company have six
subsidiaries - M/s Superhouse (UK) Limited,
M/s Superhouse (USA) International Inc,
M/s Superhouse Middle East FZC,
M/s Superhouse R.O. S.R.L.,Super House
HK Limited ,M/s Superhouse R.O. S.R.L.
and Super House Canada Inc.Superhouse group
having 15 manufacturing units across India and
an annual turnover of Rs. 4,000 million .
Historically companies from this industry
commanding low valuation in Indian Stock
Market. But recent changes in export incentives
are expected to boost the performance of
companies from this sector and trigger for
a re-rating in this sector.In the last financial
a re-rating in this sector.In the last financial
year company posted a turnover of Rs.358 Cr
and a net profit of Rs.14 Cr .On an equity base
of 11.4 Cr EPS was Rs.13.25/- .For the june qtr
of this FY company posted NP of Rs.3.48 Cr v/s
Rs.2.54 Cr.It is currenly trading with a P/E ratio
of 4.6 on last full year EPS . At CMP of just Rs.62/-
it is a real valuepick
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