Thursday, September 9, 2010


Due to the easing of recessionary pressure from
western economies ,Companies from textile
and related sectors are expected to perform
well in near future . Salona Cotspin
is a Tamilnadu  based company engaged in the
manufacturing of Cotton Yarn and Knitted fabrics.
Out of company's total sales, 41% income is
generated from Cotton yarn , 39% from
Knitted fabrics and balance from other
related products.Company is  planning to
expand its spindle capacity from 21744 to
24336 in near future and also planning to
increase the generation of wind energy to
reduce cost and ensure continuous supply
of power.For the financial year ended
March 2010 ,company posted a turnover
of Rs.55 Cr and a net profit of Rs.2.26 Cr
v/s a net profit of Rs.13 lac for
the last year. For the three months ended
June qtr of this FY ,sales is Rs.18 Cr  and
profit is Rs 1.25 Cr .On an
equity base of 5.32 Crore qtr EPS is
Rs.2.35.Company is expected to perform well
in near future .Even if company
is currently trading near its 52 week high ,
based on the expected full year performance
there is reasonable chance
for further upside.Movements in cotton
prices and power cut in TN are two factors
to watch.Currently it is trading around Rs.29/-


  1. Hi Valuepick,

    Need advice on 'Orrisa Mineral Development Corporation'?
    As a very strong balance sheet......let me know your thoughts on the same.


  2. hi ,
    Tell me about Sona Koyo Steering Systems Ltd.

  3. what are your views on sanguine media after the 10 crore warrant allotment at 10 rs a share
    thanks in advance

  4. dear dear value pick

    is selan exploration a value pick at cmp?

    kindly cover this stock with your valuable views.

    thanks and many thanks

  5. Dear Sir,

    Can you please comment or post the blog again on Techtran polylensesd recommending to buy.

    Thanks Sir,

  6. Dear Amit

    I Think ,there is better company's available from this sector

  7. Selan is a hold and BUY on Decline for long term

  8. No change in the opinion on Techtran poly

  9. Hi Valuepick,
    Good Evening , reading your article since last
    two months. I like your way of analysing the things which is "READ BETWEEN THE LINES". Hard to digest at the 1st instance but nice. Keep the tempo .Vakharia M J



Tweet TopOfBlogs