Profitmart research report on Iris Clothings Ltd
Founded in the year 2004, Iris Clothings Limited (ICL) is a fast-growing readymade garment company, that is primarily engaged in designing, manufacturing, branding and selling garments for kids wear under its brand name DOREME in India. ICL’s product range includes affordable and good quality apparels for infants, toddlers and children in their pre-teens, serving both their indoor and outdoor requirements. ICL has 9 manufacturing facilities spread across Howrah, West Bengal with a manufacturing capacity of 9 million units per annum and has a complete in-house integrated infrastructure right from the design conceptualisation, manufacturing, branding and selling of finished goods to wholesalers.
Outlook
Hence, we believe that the ICL stock should be purchased at the current price, for a price target of around Rs 105 over the next 18 months.
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