Company: TVS Srichakra Ltd (Part
of TVS group) is manufacturer of 2 & 3 wheeler tyres and leading manufacturer of industrial pneumatic tyres, flotation, motorgrader, farm & implement tyres, skid steer tyres, multipurpose tyres and vintage tyres. It is exporting off-road special tyres to more than 80 countries worldwide which includes USA, Europe, Australia, Africa and Canada.Leading choice of OEM across India, they supply tyres to major vehicle manufacturers across country. With strong network across country they also cater to domestic after-market sales.
Stock Analysis:
CMP:1538 Market Cap:Rs. 1178cr
Latest quarterly results[Sep-2014] indicate a good growth in both top line(sales) and bottom line(profits). For a company with quarterly sales of Rs.490cr and quarterly net profit of Rs. 26cr, should have market cap of 2000cr plus. So currently this is undervalued stock with atleast 50% gain left(Minimum target of Rs.2300). For long term investors it will be a multibagger.
Here's some further reading from a series of small cap multibagger stocks in india:
- Indo Count Industries a Multibagger stock
- Shilpi Cable Technologies Ltd a Multibagger stock
- Arvind Remedies Ltd a Multibagger stock
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Caution: This is not investment advice, use above information for educational purpose only.
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