Eastern Silk net at Rs 19cr

Eastern Silk Industries Ltd (ESIL) has reported a net profit of Rs 19.46 crore for the quarter to June 30, as against Rs 19.02 crore registered during the year-ago period. Net sales were Rs 129.93 crore (Rs 124.64 crore).

The company has declared a dividend of 45% for 2007-08. For the year to March 31, 2008, the company's profit after tax stood at Rs 58.14 crore on net sales of Rs 481.65 crore.

Commenting on the results, chairman and managing director SS Shah said: "The company's foray into home textile has yielded positive results. This particular segment of the business is expected to grow by more than 15% annually. The company has now emerged stronger after battling out recessionary conditions in the US in the previous quarter…"


going forward rupee to fall futher to rs.44 levels. eastern silk dont have any derivatives contracts pending. thus it is quite clear that it will post good profits this year. and its new plant coming up for commencement during jan-feb 09, just 4 months left. if this capacity added it will post eps rs.18 above every quater on fv-10, and fv-2 one can expect rs.3 above every quater. a part from this esi is going for adr/gdr to fund its acquitions in us and europe etc.

eastern silk industries already brought 130 acres land to set up textile sez in west bengal....

the answer is buy up to rs.77, no problem sp tulsian - stock advisor on cnbc tv18 recommended 3 days back this stock, 12 months target rs.120....

eastern silk industries ltd . buy or sell for long term...

Eastern Silk net at Rs 19cr in just q1 on its small equity of rs.15 cr. hats of to esi ltd management.

Eastern Silk Industries Ltd (ESIL) has reported a net profit of Rs 19.46 crore for the quarter to June 30, as against Rs 19.02 crore registered during the year-ago period. Net sales were Rs 129.93 crore (Rs 124.64 crore).

The company has declared a dividend of 45% for 2007-08. For the year to March 31, 2008, the company's profit after tax stood at Rs 58.14 crore on net sales of Rs 481.65 crore.

Commenting on the results, chairman and managing director SS Shah said: "The company's foray into home textile has yielded positive results. This particular segment of the business is expected to grow by more than 15% annually. The company has now emerged stronger after battling out recessionary conditions in the US in the previous quarter…"
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The company is engaged in manufacturing silk yarn, fabrics and made-ups, home furnishings, fashion fabrics, handloom fabrics, double width fabrics, scarves, laces and belts and embroidered fabrics. The plants are located in Karnataka and West Bengal.
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Please please do not rely on the analyst reco! This stock is not liked by the market operators and investors as well bcoz of wide variation in results qoq! The management seems to be unprofessional! Take your own decision! Cheers!! =morningstar=...

the answer is buy up to rs.77, no problem sp tulsian - stock advisor on cnbc tv18 recommended 3 days back this stock, 12 months target rs.120....