SUPERHOUSE LTD - BUY

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,

Schutz ,Hauf ,HKS ,Globex, and EWS .

Apart from this company is selling its  two

brands  in India ‘Allen Cooper ‘ and

‘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

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