We also like to share that there are Hidden Gems which gave negative returns but downside was limited. We suggested our members to exit some of these non performing companies like National Plastic, Sumedha Fiscal etc to ensure that they utilize their capital in the most optimum way. We strongly believe that as an smart investor, we should keep on nurturing the best seeds (companies generating free cash flows and utilizing it effectively and rewarding share holders with regular dividends) and erode off the weeds (non performing companies) from our equity portfolio.
Superhouse Ltd is a group of several companies engaged in manufacturing and export of finished leather, leather products and textile garments. The parent company, Aminsons Leather Finishers Pvt., was incorporated as private limited company on January 14, 1980. It was converted into a public limited company on December 22, 1984 and its name changed to Aminsons Limited on February 21,1989. In addition, five group companies - Super House Limited, Super Garments Limited, Sharp Leathers Limited, Super Footwear Limited and Allen Shoes Limited - were merged with Aminsons Limited in 1994, 1995 and 1996 as per the orders of the Hon’ble High Court of Judicature,
From a single tannery in the 1980’s producing finished leather, Superhouse Group has emerged as one of the largest players in the industry. It started with a commitment to excel, achieve and deliver the very best. Towards this end, company engineers, optimizes and controls every phase of the manufacturing process from raw material to finished products to ensure that end products are of the highest quality and also the best value for money for their clients.
The Superhouse Group has four overseas companies in the
Recent Developments (Feb 2012)
However, Allen Cooper has not rested on its laurels. It is acquiring the best of Indian patterns and is continuously innovating products with imagination and realism, leaving competition miles behind. Indian customers have taken very well to Allen Cooper products and the demand is growing daily among quality conscious customers demanding international class. The response has been overwhelming and Allen Cooper will soon be spreading its wings across
The Research and Development facilities of the Group:
* Separate Research and
Development Departments for every factory.
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* Separate Design Centers for
Shoes, Bags, and Garments.
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* Specialized design center in
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* Renowned designers from
various countries.
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* CAD-CAM facilities at shoe
factories.
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* CAD-CAM facilities at fashion
garment units.
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* State-of-the-art laboratories
at the tanneries.
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* R & D and design centers.
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C) Participation in International Fairs
Superhouse net profit rises 30.71% in the December 2011 quarter
For the audited full year, net profit rose 25.86% to Rs. 171.8 million in the year ended March 2011 as against Rs. 136.5 million during the previous year ended March 2010. Sales rose 24.68% to Rs. 4432 million in the year ended March 2011 as against Rs. 3554.7 million during the previous year ended March 2010.
Leather & Leather Products Exports – 2005 - 2010
The Government of India had identified the Leather Sector as a focus sector in its Foreign Trade Policy 2004-
Saral Gyan Recommendation (29th Feb 2012)
1. With government plans to focus on leather exports with special initiatives, Indian Leather & Leather goods companies are expected to post good growth in coming years. Superhouse Ltd being one of the major leather export company is expected to achieve double digit growth in sales & profits in next 2 years.
2. Stock is currently trading at a price to earning ratio of 2.5, which makes the stock valuations cheap when compared to its peers. Most of the peer companies PE is in the range of 7 to 18 with lesser top line and bottom line growth, this makes Superhouse a best buy in leather & leather goods segment.
3. As per our estimates, Superhouse can deliver bottom line of 300 million for full financial year 2012 – 13, annualized EPS of Rs. 25.2 with forward P/E ratio of 1.9 X for FY 2012-13, which makes stock of the company an attractive bet at current market price.
4. Company has paid regular dividend from 2006 onwards. The last dividend paid was 15% in last month. Dividend yield at CMP is at 3.1%.
5. On equity of Rs. 114.11 million the estimated annualized EPS works out to Rs. 25.2 and the Book Value per share is Rs. 114.55. At a CMP of Rs. 48.20, stock price to book value is 0.42. The scrip is trading at 19. X FY 2012-13 estimated earnings which make it an attractive buy when compared to its peers.
Superhouse Ltd is now 1 of those 11 Hidden Gems which gave more than 100% returns to our subscribers in last 3 years. Team of equity analysts at Saral Gyan put lot of efforts & smart work to identify Hidden Gems (Unexplored Multibagger Small Cap Stocks) and Value Picks (Mid Caps with Plenty of Upside Potential) which not only grow your capital at a healthy rate but also ensures protection of your capital during market downturn.
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Team - Saral Gyan.