Monday, November 1, 2010


GANDHIMATHI APPLIANCES(517421) BUY@79

IAM SURE YOUR WELL KNOWN THE NAME BUTTERFLY MIXER, BUTTERFLY COOCKER,AND BUTTERFLY STOVES,YES GANDHIMATHI APPLIANCES IS THE PRODUCER OF ALL THIS PRODUCTS.

HISTORY

MR. MURUGAPPA CHETTIAR PROMOTED THIS COMPANY, COMPANY HAS ISO 9002 CERTIFIACTION, 40% MARKET SHARE IN STOVE SALES HANDLED BY THE COMPANY,A PIONEER POSITIONS IN THIS SEGMENT. ENGAGED WITH THE PRODUCTION OF KITCHEN ARTICLES,STAINLESS STEEL COOKWARE. COMPANY HAVE ROUBOUST EXPORTS COUNTRIES LIKE UK, JAPAN,CANADA,AUSTRALIA,MIDDLE EAST,EAST ASIAN COUNTRIES.

SHARE HOLDING

75% SHARE IS HELD BY PROMOTERS REST BY PUBLIC

FINANCIAL PROFITS IN CRORES
NET PROFIT 2008 2009 2010
2.91 9.51 15.38

EPS 5.12 9.86 16.17

CURRENTLY THIS STOCK IS TRADING 2.5 x BOOKVALUE ,4 TIMES OF EXPECTED EPS OF2011-2012 , I STRONGLY BELIEVE STOCK WILL BE A MULTIBBAGER . FOR THE INVESTERS WITH LONG TERM PROSPECTIVES CAN CONSUDER THIS STOCK FOR PRICE TGT OF 170-180 RS WITH TIME FRAME OF 12 MONTHS


No comments: