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Abhishek Industries
BSE Announcements on Abhishek Ind
Posted by :
MMB MessengerTracked by: 0 Boarder
Abhishek Industries Ltd has informed BSE that the Company has completed Expansion of manufacturing capacities of Terry Towel and modernisation cum balancing of textile manufacturing facilities as detailed below at a capital outlay of Rs 2130 million.
- Company has installed 82 Looms (originally envisaged 84 looms). Out of this, 14 looms had already become operational during the financial year 2007-8. The Company has commenced commercial production on remaining looms with effect from October 01, 2008.
- Modernisation cum balancing of its Yarn manufacturing facilities involving comber, TFO speed frames, slub attachments, etc....
NSE Announcements on Abhishek Ind
Posted by : MMB MessengerTracked by: 0 Boarder
Abhishek Industries Limited has informed the Exchange that "The Company has completed Expansion of manufacturing capacities of Terry Towel and modernisation cum balancing of textile manufacturing facilities as detailed below at a capital outlay of Rs.2130 million. (1) Company has installed 82 looms (originally envisaged 84 looms). Out of this, 14 looms had already become operational during the financial year 2007-8. The Company has commenced commercial production on remaining looms with effect from October 1, 2008. (2) Modernisation cum balancing of its Yarn manufacturing facilities involving comber, TFO, speed frames, slub attachments, etc"....
NSE Announcements on Abhishek Ind
Posted by : MMB MessengerTracked by: 0 Boarder
Abhishek Industries Limited has informed the Exchange that: "Cotton Textile Export Promotion Council (TEXPROCIL) has awarded Abhishek Industries Limited with Silver trophy for "Top Exporters- Madeups" in the category of "Terry Towels" for the year 2007-8. The Award was presented by Mr Shankar Singh Vaghela, Honble Minister of Textile in a function held in Mumbai on September 29, 2008"....
BSE Announcements on Abhishek Ind
Posted by : MMB MessengerTracked by: 0 Boarder
Abhishek Industries Ltd has informed BSE that Cotton Textile Export Promotion Council (TEXPROCIL) has awarded Abhishek Industries Ltd with Silver trophy "Top Exporters - Madeups" in the category of "Terry Towels" for the year 2007-08.
The Award was presented by Mr. Shankar Singh Vaghela, Honble Minister of Textile in a function held in Mumbai on September 29, 2008....
NSE Announcements on Abhishek Ind
Posted by : MMB MessengerTracked by: 0 Boarder
Abhishek Industries Limited has informed the Exchange that Board of Directors of the Company in its meeting held on September 24, 2008 has appointed Mr. Raman Kumar as Wholetime Director of the Company w.e.f. September 24, 2008....
NSE Announcements on Abhishek Ind
Posted by : MMB MessengerTracked by: 0 Boarder
Abhishek Industries Limited has informed the Exchange regarding the Outcome of the Annual General Meeting of the Company held on September 24, 2008. The details of the business transacted at the Annual General Meeting shall be available on the NSE website (http://www.nseindia.com) under Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...
BSE Announcements on Abhishek Ind
Posted by : MMB MessengerTracked by: 0 Boarder
Abhishek Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 24, 2008, has appointed Mr. Raman Kumar as Wholetime Director of the Company w.e.f. September 24, 2008....
BSE Announcements on Abhishek Ind
Posted by : MMB MessengerTracked by: 0 Boarder
Abhishek Industries Ltd has informed BSE that the Annual General Meeting (AGM) of the Company was held on September 24, 2008....
Multibagger
Posted by :
rasmeetsTracked by: 0 Boarder
see they hv locked the dollar at 40 but it has to be calculated in 2013 ...long term there is no doubt rupee wll appreciate and dollar wll depriciate. Finally sales r growing man its already touching 1100 cr and now after commisioning 825 cr paper plant this will add another Rs 450 cr annually ...so we r looking them to close this year by 1500 cr. Moreover budni plant is scheduled to start in mar 09 which hv 100000 spindles. Expanision is really on from last 3 years. Yes there may b forex loss...but if u think for 2 or 3 yrs it is really cheap. Book value is 23 and market capitallization to sales ratio is 0.25. Forget about profit right now..look at sales..they r adding 80 looms and it is schedules to start by dec 08. budni project involves 963 capex plan. Ecnomics of scales, fully integrated backward and forward, diversified group, expansion programme all leads to hidden gem....
In reply to:
Multibagger
Posted by : Guest
The valuations are not cheap.Wait for the Q2 results and you would see another huge forex loss.
The retail initiative is not going to add any value to company. The Chandigarh outlet was opened on the company owned showroom which was lying locked for the last 4 years. Check the Sales figure if they dare to disclose in the Quaterly Results / Annual Report and make ur own decision.
Core business of Terry Towels export is not going to make any significant growth as US markets is already slowing down. Moreover they have already locked the dollar rate somewhere around 40 this year in Jan till 2013 using the forex derivatives. Now they are not only missing the rupee depriciation but they are going to have MTM losses. In Q2 the loss due to forex losses might be another 24 crores.
Best strategy is to stay away from this counter..
Multibagger
Posted by : GuestTracked by: 0 Boarder
The valuations are not cheap.Wait for the Q2 results and you would see another huge forex loss.
The retail initiative is not going to add any value to company. The Chandigarh outlet was opened on the company owned showroom which was lying locked for the last 4 years. Check the Sales figure if they dare to disclose in the Quaterly Results / Annual Report and make ur own decision.
Core business of Terry Towels export is not going to make any significant growth as US markets is already slowing down. Moreover they have already locked the dollar rate somewhere around 40 this year in Jan till 2013 using the forex derivatives. Now they are not only missing the rupee depriciation but they are going to have MTM losses. In Q2 the loss due to forex losses might be another 24 crores.
Best strategy is to stay away from this counter..
...
In reply to:
Multibagger
Posted by : rasmeets
Can u believe this company has market capitalization of 320 cr and sales of 1100 cr. Even they don't hv high net profit but they r investing in technology, human resources. This is not a small cap definitly company who can show substantial returns from here.
They are growing at 30% annualy from last 3 years and book value is 22. So on every aspect of valuations this is very cheap considering their expanison plan.
They r one of largest in each category of yarn, paper, terry towel, sulphuric acid. Their sales hv tripled from 3 years and stock is trading all time low...Sometimes when the sentiments get right this stock wll b on limelight.
They r coming up plant in Budni with 963 cr expansion plan. Read annual report for 2007-2008. They are already entered into retail of home decor. So grab this stock with no downside at all at rs 14.
You cannot evaluat this stock on PE basis look at balance sheet,,u wll b surpised cash EPS is 7. Book Value, Sales/market capitazation, cash EPS, continuosu expansin, balance sheet all showing this is very undervalued stock
Multibagger
Posted by : rasmeetsTracked by: 0 Boarder
Can u believe this company has market capitalization of 320 cr and sales of 1100 cr. Even they don't hv high net profit but they r investing in technology, human resources. This is not a small cap definitly company who can show substantial returns from here.
They are growing at 30% annualy from last 3 years and book value is 22. So on every aspect of valuations this is very cheap considering their expanison plan.
They r one of largest in each category of yarn, paper, terry towel, sulphuric acid. Their sales hv tripled from 3 years and stock is trading all time low...Sometimes when the sentiments get right this stock wll b on limelight.
They r coming up plant in Budni with 963 cr expansion plan. Read annual report for 2007-2008. They are already entered into retail of home decor. So grab this stock with no downside at all at rs 14.
You cannot evaluat this stock on PE basis look at balance sheet,,u wll b surpised cash EPS is 7. Book Value, Sales/market capitazation, cash EPS, continuosu expansin, balance sheet all showing this is very undervalued stock...
BSE Announcements on Abhishek Ind
Posted by : MMB MessengerTracked by: 0 Boarder
Abhishek Industries Ltd has informed BSE that the auditors have conducted the limited review of the unaudited financial results for the quarter ended June 30, 2008....
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