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Wednesday, June 8, 2011

Cravatex Ltd:-Buy/sell/,growth prospects and recommendation,news and results,target price and analysis,views and outlook,multibagger/hidden gem?

Review 2:-Cravatex Ltd

Recommended price:90(Thursday, June 25, 2009)
Present price:800
Return percentage:900%

Calls review:Cravatex Ltd(Thursday, June 25, 2009)

Scripscan:Cravatex Ltd

Story:Having started business as a chain of dyers and dry cleaners, Cravatex gradually diversified into textile processing and printing and later on into manufacture of sports and casual wear and distribution of fitness equipment for home and institutional use. It sells brands like Fila, Slazenger and Nassau; its own brand is Proline, a popular name in casual attire and sportswear. It also distributes “advanced international beauty therapies”, to spas across the country.Cravatex has over 100 outlets across India, retailing fitness equipment for home use.Its institutional clients include various hotels, health clubs and gymnasiums, corporates and housing societies.It also exports readymade garments but this is a small business so far.Higher disposable income and rising health consciousness is creating a boom in fitness equipment and this should help Cravatex.But the management is obviously sleepy. There should have been far greater traction in its performance,given the growth opportunity in its segment. The value of a stock like Cravatex is the network and franchise it has built up which should make it ripe for a takeover, or at least an alliance with a large group with retail focus.

Latest update:The sleepy management did exatly the same.No longer they are sleeping rather doing all the required stuff to make huge amount of shareholders wealth in the coming months and years.They recently extended the Sub License Agreement for the use of 'FILA' trademark till December 31, 2016 for India, Bangladesh, Pakistan and Sri Lanka.As can be seen Cravatex or Fila India is getting very aggresive now.Results were impressive and the bonus of 1:1 just hints at the upcoming things from the company.Cravatex has been a 9 bagger in less than 2 years but can be another 9 bagger in the next 3-5 years.Liquidity is a bigtime problem though.

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