10000 to 4crs in 18 months 1000rs to 50crs 300% returns 75% promoter holdings A 50 bagger A sureshot 5 bagger Analysis Another fraud? Auto ancillaries Bank sector Blind sell Brand plays Broking Bse Nse Buy calls cements Ceramics/tiles Counters I don't like Debt free businesses Delisting candidates demerger bets Disclosure- I own them Domestic consumption plays E-Commerce pick Education Exit at rallies Famous analysts Famous stocks FMCG Footwear future multibaggers Gems andJewellery Hidden gems High conviction ideas High dividend plays High potential small caps High ROE stocks Holding companies Hotel sector How they looted you.. Indian stock market Infrastructure sector Interesting Microcaps IT KPO Landbank plays largecap ideas Less than 5 PE stocks Liquor Logistics Market lessons Market outlook for 2013 and 2014 Market underperformers Meeting with the CEO Metals Monopoly businesses My 5 baggers My Favourite counters My paid stock recommendations My stock picking techniques nse bse tips Oil exploration Operator calls Paints Penny stock outlook penny stock updates Pharma sector Poultry stocks PSU Publicity freaks Real estate Renewable energy plays Safe bets Sell recommendations Share market Live shipping stocks short term call SOTP plays stock tips stock under 10rs Stocks to watch out for Strong bonus candidates Takeover candidates TATA product tea Textiles The 13 bagger The 45 bagger Trading companies Transformers Turnaround bets Tyres Uncertain/Risky business models Unique businesses

Search This Blog(Over 800 companies covered in the blog).

Archives : Old artciles

Monday, July 4, 2011

Bannari Amman Spinning Mills Ltd:-Buy/sell/,growth prospects and recommendation,news and results,target and analysis,views and outlook,multibagger

Scripscan:Bannari Amman Spinning Mills Ltd

Story:Bannari Amman Spinning Mills Limited (BASM), established in 1995 is a reputed player & a leader in cotton yarn segment in South India. BASM is a part of the Rs. 1,200 crs. Coimbatore based Bannari Amman group.Since inception BASM has evolved to be a leader in cotton yarn spinning in South India,Commanding a premium in the market for its products.Spinning and weaving units were expanded/modernized during 2008-09.About 25% of production is exported to countries such as Israel, Mauritius, Egypt, Taiwan, South Korea etc.The company operates in a niche segment and is a focused quality player earning higher than industry margins.It has two spinning units near Dindigul with installed capacity of 1.37,232 spindles, weaving division near Palladam with installed capacity of 135 looms, processing and technical textiles near Annur with capacity to produce 24 lakh meters of coated fabric per year and 27 windmills with installed capacity 23.40 MW of power all in Tamil Nadu.The expansion of its spinning unit, and integration into fabrics and home textiles has enabled the company to compete in the export markets with larger scale of operations.The higher value addition insulates the company from pricing pressures in the highly commoditised cotton yarn industry.Bannari came with its ipo in 2005 at 135 bucks and since then have been struggling to find attention from the retail fraternity.Valuations are pretty cheap with company quoting at a forward PE of less than 2.Low discounting suggests lack of investor confidence in the company.Investors who are stuck on this scrip should hold at the moment.Any inspiring announcement or some aggresive developments may just be the order of the day for the company.

No comments:

Important Disclaimer&Privacy policy

This blog does not share personal information with third parties nor do we store any information about your visit to this blog other than to analyze and optimize your content and reading experience through the use of cookies.You can turn off the use of cookies at anytime by changing your specific browser settings.This privacy policy is subject to change without notice and was last updated on 20.3.2013. If you have any questions, feel free to contact me directly here: Investment in equity shares has its own risks.Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that I consider reliable. I,however,do not vouch for the accuracy or the completeness thereof.This material is for personal information and am not responsible for any loss incurred based upon it & take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations above.The stock price projections shown are not necessarily indicative of future price performance.The information herein, together with all estimates and forecasts, can change without notice.

Subscription to Arunthestocksguru

Enter your email address:

Delivered by FeedBurner