Lambodhara Textiles Ltd
(BSE Code: 590075) (CMP: Rs.49.8) (FV: Rs.5)
Coimbatore-based Lambodhara Textiles Ltd (LTL) was incorporated in 1994 with a capacity of 3,024 spindles. Over the years, its capacity has expanded to 37,856 spindles with 33,224 spindle producing fancy yarns. Its mill is fully modernized with state-of-the-art technology and infrastructure. It produces yarn in a count range from 10s to 60s. It specializes in manufacturing slub yarns, multi count and multi twist yarns, siro yarns and neppy yarns. It produces yarns using Polyester, Polyester variants, Viscose, Modal, Excel and Flax as raw materials.
LTL has an equity capital of Rs.4.79 crore supported by reserves of Rs.45.34 crore. The promoters hold 70.11% of the equity capital, which leaves 29.89% stake with the investing public. With share book value of Rs.52.34, its P/BV ratio works out to just 0.95. In February 2018, it allotted 5,00,000 equity shares to promoters at a premium of Rs.75.
Financial Performance: (Rs. in crore)
Particulars
Q2FY19 Q2FY18 H1FY19 H1FY18
Sales 46.29 36.73 87.22 74.1
PBT 2.17 1.41 4.08 2.63
Tax 0.68 0.29 1.14 0.54
PAT 1.49 1.12 2.94 2.09
EPS (Rs.) 1.56 1.23 3.07 2.3
During Q2FY19, LTL reported 33% higher PAT of Rs.1.49 crore on 26% higher sales of Rs.46.29 crore and an EPS of Rs.1.56. During H1FY19, it reported 41% higher PAT of Rs.2.94 crore on 18% higher sales of Rs.87.22 crore and an EPS of Rs.3.07. It paid 20% dividend for FY18.
Currently, the stock trades at a P/E of just 7x and is available at 46% discount to its 52-week high of Rs.91.7 recorded in February 2018. Based on its financial parameters, the stock looks quite attractive at the current level.
Investors can buy this stock with a stop loss of Rs.38. On the upper side, it could zoom to Rs.75-85 in the medium-to-long term.
(BSE Code: 590075) (CMP: Rs.49.8) (FV: Rs.5)
Coimbatore-based Lambodhara Textiles Ltd (LTL) was incorporated in 1994 with a capacity of 3,024 spindles. Over the years, its capacity has expanded to 37,856 spindles with 33,224 spindle producing fancy yarns. Its mill is fully modernized with state-of-the-art technology and infrastructure. It produces yarn in a count range from 10s to 60s. It specializes in manufacturing slub yarns, multi count and multi twist yarns, siro yarns and neppy yarns. It produces yarns using Polyester, Polyester variants, Viscose, Modal, Excel and Flax as raw materials.
LTL has an equity capital of Rs.4.79 crore supported by reserves of Rs.45.34 crore. The promoters hold 70.11% of the equity capital, which leaves 29.89% stake with the investing public. With share book value of Rs.52.34, its P/BV ratio works out to just 0.95. In February 2018, it allotted 5,00,000 equity shares to promoters at a premium of Rs.75.
Financial Performance: (Rs. in crore)
Particulars
Q2FY19 Q2FY18 H1FY19 H1FY18
Sales 46.29 36.73 87.22 74.1
PBT 2.17 1.41 4.08 2.63
Tax 0.68 0.29 1.14 0.54
PAT 1.49 1.12 2.94 2.09
EPS (Rs.) 1.56 1.23 3.07 2.3
During Q2FY19, LTL reported 33% higher PAT of Rs.1.49 crore on 26% higher sales of Rs.46.29 crore and an EPS of Rs.1.56. During H1FY19, it reported 41% higher PAT of Rs.2.94 crore on 18% higher sales of Rs.87.22 crore and an EPS of Rs.3.07. It paid 20% dividend for FY18.
Currently, the stock trades at a P/E of just 7x and is available at 46% discount to its 52-week high of Rs.91.7 recorded in February 2018. Based on its financial parameters, the stock looks quite attractive at the current level.
Investors can buy this stock with a stop loss of Rs.38. On the upper side, it could zoom to Rs.75-85 in the medium-to-long term.
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