Rajvir Industries is a good company in a boring business.This company is a maker of yarns but catching the attention because of the aggressiveness of the management. This Andhra based company is making various types of yarns and also having a dyeing facility.Company is supplying is products to various industry majors like Grasim .Rajvir corrently operating five spinning units and one dyeing facility.What differentiate this company from many of the spinning units is the wide variety of yarns the company producing.This includes special varieties like organic cotton yarn ,flame Retardant yarn ..etc along with other varities like spun,silk,wool ..etc mixed with cotton .Company having a good R&D to develop new varities of yarns and aggressively expanding their business beyond India .It already exporting its products to USA ,Korea ,Taiwan..etc and doubled its exports earning in last year.In FY 2010 Company posted a turnover of Rs.203 Cr and a net profit of Rs.2.27 Cr. For the nine month ended December 2010,Rajvir increased its turnover and margins significantly .It posteda turnover of Rs.200 Cr and a net profit of Rs.12.15 Cr .On an equity base of Rs.3 Cr ,EPS is Rs.40/- .It is expected to post an EPS around Rs.55/ in this full year .At CMP of Rs.164/- ,Rajvir is currently trading at a P/E multiple of below 3.A riskless bet for decent gain in medium to long term ,low liquidy is a point to note. Listed both in NSE and BSE.
0 comments:
Post a Comment