Pick of the Week!! Garden Silk Mills Ltd.
Garden Silk Mills Ltd.(GARSIL)
Garden Silk Mills (GSM) is likely to witness exponential growth in its profitability driven by increase in its commercial production of partially oriented yarn (POY) and chips at its new continuous polymerization plant. The company is expected to double its revenue for year ended June 06. GSM was marred by the rising raw material prices, which will result in discouraging growth in net profit for the financial year ended June 05. However, these prices have softened recently resulting in substantial gains to the top line & profits of the company.
The continuous polymerisation plant, which has commenced commercial production from August 2005, will meet in-house requirement and act as an additional revenue stream. The company is expected to register turnover of Rs.1350-1400 crore translating to an EPS estimate of Rs.28 per share for year ended June 2007.
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Garden Silk Mills (GSM) is likely to witness exponential growth in its profitability driven by increase in its commercial production of partially oriented yarn (POY) and chips at its new continuous polymerization plant. The company is expected to double its revenue for year ended June 06. GSM was marred by the rising raw material prices, which will result in discouraging growth in net profit for the financial year ended June 05. However, these prices have softened recently resulting in substantial gains to the top line & profits of the company.
The continuous polymerisation plant, which has commenced commercial production from August 2005, will meet in-house requirement and act as an additional revenue stream. The company is expected to register turnover of Rs.1350-1400 crore translating to an EPS estimate of Rs.28 per share for year ended June 2007.
Click To Read Further
posted by Sensex-Blog Admin at 12:22 AM
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