Scripscan:Garware Marine Industries Ltd
cmp:8
Code:509563
Story:Garware Marine manufactures fishing nets under the “Garware” brand. There is potential for growth in fishing on account of unused coastline, water, and reservoirs. There is also demand growth in the Middle East and other South Asian countries indicating potentially higher export growth. The company is considering adding new machines to cater to this.The company reported marginal operating profits on reasonably stable revenues over the last five years – reporting about 65lacs of operating profits on revenues of about 11cr.It held shares in Global Offshore Services Limited with a market value of about 11cr and employed no debt to finance its operations.The company faces stiff competition from the unorganised sector and Chinese fishing nets. Moreover, there has been a reduction in reported sale volumes and fish stocks (3%) in the recent past. The business is also exposed to extended monsoons, raw material price increases with only partial pricing power, compliance risks with state laws over territorial waters, etc.Source:http://tinyurl.com/7hcygqv
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: arunsharemarket@gmail.com
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.
