As we know Govt. Policies will keep changing for companies that make big things like Airports, Mining, Spectrum, Coal etc., but least to undergarments manufacturers!! That is why we see stocks like Page Industries are least effected by govt policies. In the same lines, Premco Global Ltd [PGL] is a manufacturer of Woven and Knit Elastic and Non-Elastic Narrow Fabric, Tape and Webbing for use in the Apparel, Lingerie, Sports-related, Medical, Footwear, Luggage, Furnishing and Automotive industries.
Premco uses international standard machinery for all stages of production (including warping, covering, weaving and finishing), raw material testing and product testing.
Promoter Holding: 63.26%
Financials:
Market Capital Rs 60.52 cr
Market Price Rs 182.85 cr
Debt: Rs 5.27 cr
Dividend: Paying dividend consistently from 2006-07
Sourch:icharts.in
For the year ending 2014 total top line(sales) is Rs 66 cr and bottom line(Profits) is Rs 8 cr, i.e., profit margin on 14%. With the same profit range stock should trade at Rs 540!! So, this can be a potential multibagger. But kindly note this is small cap company(low liquidity), and circuits may limit us to enter or exit in or out of stocks.
Disclaimer: Please note this is not investment advice and all this information in prepared by getting publicly available information.Readers using this information are solely responsible for their actions and are advised to satisfy themselves before investing.
