After a long period ,textiles companies are making big profits due to good demand and better realization. Improvement in their bottom line will surely translate into more expansion and modernization programmes . This will surely improve the prospects of textile machinery makers going forward. Veejay Lakshmi Engineering Works Ltd (VLEWL) is a Coimbatore based textile machinery manufacturer started operations in 1974.Its products list includes Two-For-One twisters, Automatic cone Winders ,Precision Propeller winders, Random Assembly Winder ..etc For the past many years ,company’s performance was badly affected due sluggish demand which is now reviving . Any decision to continue the presently suspended TUFS will be an added advantage for textile machinery sector as a whole. For the half year ended September 2010 , company posted a turnover of Rs.50 Cr (Rs.29 Cr) and a net profit of Rs.2 Cr (Loss of Rs.1 Cr) and an EPS of Rs.4.13 /- . Medium to long term investors may consider a BUY at CMP of Rs.76/-
Do not buy its a loss making company.
ReplyDeleteDear VP,
ReplyDeleteCan you say something about SONATA SOFTWARE. CMP 60/- odd. Any potential is hidden in this script.
Your views on this will be highly appreciated.
Good Call,thanks it is up almost 10%
ReplyDeletevalue pick.. about kilpest, do u have any idea with the new alliance in place what would be the total market opportunity for kilpest ?
ReplyDeletei am hvng a small exposure in ARROW TEXTILES frm 9.65lvl. Prsntly quoting 18.42.if u track, ur advice is highly apprctd.
ReplyDeleteAarbeeyem
Dear Joy
ReplyDeleteSorry,Not tracking sonata
Dear Anonymous 1
ReplyDeleteSince ,currently I have some vested interest in Kilpest - No comments.
Dear Anonymous 2
ReplyDeleteSorry , Not tracking Arrow textiles.
agreed, you might have vested interest but atleast if you could give about the market opportunity of this alliance it would be really nice of you valuepick..
ReplyDeletehi vp will you please comment on suzlon energy
ReplyDeletehi vp will you please comment on suzlon energy
ReplyDeleteDear Bunty
ReplyDeleteSuzlon may consider if and only if you have a 3+ year view
yes i have a long term view.
ReplyDeletewhat should be my target?
I am not a technical expert to fix target, my target ends when the growth of company ends and the then prevailing price fully reflecting it. Moreover,I believe only you can say your target which depends on many factors like risk profile
ReplyDelete