Priding itself as the country’s premier fabric engineer, design maker and a leading polyester yarn manufacturer, Garden Silk Mills Ltd. represents an 80-year creed of creativity in textiles. Garden’s range of high fashion fabric centres on fine filament and micro filament polyester fabrics – georgette’s, chiffon’s, failles, jacquards – both dyed and printed, for ladies blouses, skirts, dresses as well as sarees. Also manufactured, is an exclusive range of printed pure silk chiffon, cotton and viscose. Garden’s ability to anticipate demand trends is supported by a large and talented pool of designers who continuously develop new fabrics and 2,000 new print ideas each year.
Company has equity of Rs.38.29crore while company has huge reserve of around Rs.353crore (almost 9 times than equity). Promoter holds 55.68% stake in this company, foreign investor hold 9.93%, non promoter corporate bodies hold 10.31% and public hold 20.15% stake in this company.
In June Quarter Company has shown marvelous result, net sales zoomed from Rs.478.88crore to Rs.588.11crore while net profit zoomed from Rs.6.76crore to Rs.21.90crore. In June Quarter Company has shown EPS of Rs.5.72.
Current level stock is available at PE ratio of just 4.6 with attractive valuation. Buy with stop loss of 77, on upper side stock will zoom to kiss 92 level, cross over will take it to 125 levels in medium term while in long run stock will kiss 175 levels. Best stock for real investors.