Thursday, April 29, 2010
a long period of time .But a close look reveals that companies
having branded products are performing better in
this space. Siyaram Silk Mill is such a company .
It is the flgship company of the Siyaram Poddar group.
Company having 48 million metres fabric production
capacity per annum and it selling the same through 40000 outlets
throughout the country.Siyaram's ,J Hampstead and
Oxemberg are the well known brands from the company.
Company is growing steadily over the past few years
and now paying much attention to create brand awareness.
Company recently launched suitings under the brand name
Messari, Elanta and Tropez . Last year company posted
a turnover of Rs.532 Cr and a net profit of Rs.11.5 Cr.
For the nine month ended Dec 10 ,company posted 474
Cr sales and 18.5 Cr NP.Company is expected to post
an EPS of Rs.25 for full year which is a 100% rise over
last year. Siyaram already declared an interim dividend
of 60% in this FY.It is a decent pick from the textile sector.
CMP is Rs.168
Posted by VALUEPICK at 3:48 PM