Suspense Crime Sach Ka Dam
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Mumbai: The threat of a recession still looms large over the global economy. Despite positive signs regarding raising the debt ceiling in the US, there is still a cloud of uncertainty. There was a change in the mandate power in the results of the Karnataka elections, now the return of the Congress to power has not seen much effect on the Indian markets. Sentiment has been influenced by global factors and reports by the Meteorological Department predicting a delayed onset of the special monsoon this time. After a strong market early last week, a disappointing monsoon report saw the market turn soft for three consecutive days, with local funds offsetting stocks. But the market has taken a U-turn from negative territory to positive territory, corporate results at the end of March 2023 have been encouraging overall, with a sharp correction in global markets over the weekend and optimism on the issue of credit expansion ceiling in the US will be resolved.
With the outcome of Prime Minister Narendra Modi’s visit to Japan expected and fresh agreements between the two countries, local fund stocks witnessed a bright flash, selling of IT stocks turned low and buyers turned hostile after the Supreme Court probe report. Have become. Panel appointed in Adani Group matter. Now in the last round of corporate result season next week we will see BPCL on 22nd May, Biocon on 23rd May, Ashok Leyland, Hindalco on 24th May, Grasim, ONGC, Sun Pharma on 26th May. Along with this, the May trend in special derivatives is coming to an end on Thursday, 25th May and there will be a possibility of major index based volatility in the market. Along with this, the decision of the Reserve Bank of India to withdraw 2000 rupee notes from circulation on the last day of the week is unlikely to have any impact on the market. Taking support after a series of short-term corrections, the overall market is likely to move higher. So at this stage one can invest in good stocks of quality companies. In these factors, coming week Sensex may close above 62444 at 62888 on 61011 support level and Nifty spot may close at 18555 at 18444 on 18011 support level.
Arjun’s Eyes : Shree Leaders Ltd.
BSE (535601), NSE (GEN) listed, paid Rs 10, 74.91 per cent promoters’ stake increased by 11.52 per cent to 74.91 per cent through share buybacks and open market purchases by promoters in last five years. FREE, Kolkata-based SREELEATHERS LIMITED, started three decades ago from a small footwear retail shop in Kolkata by founder promoter Mr. Satyavrat Dey, now has 41 stores across 10 states in India, over 300 employees and is the world’s largest Largest single brand footwear store. , a company located on Lindsay Street. When wearing leather shoes was considered a luxury and the retail industry did not cover the middle class in India, the company focused on providing good quality leather shoes for every class. Though the company has limited retail stores, the retail operations and popularity of the company has established the company as a reputed footwear brand in the country. Company Men’s Footwear-Formal, Casual, Canvas Shoes, Men’s Sandals, Men’s Chappal, Men’s Shoes, Women’s Shoes, Kids’ Shoes, Accessories, Belts, Wallets, Bags, Leather Garments, Special Boxes, Socks & Masks Offers products in segments including. Lets Bags include Backpack, School Bag, Portfolio Bag, Ladies Bag, Travel Bag, Stroller. While the special box includes jewelery box, watch box and combo. Provides products across segments including socks and masks. Bags include backpack, school bag, portfolio bag, ladies bag, travel bag, stroller. While the special box includes jewelery box, watch box and combo. Provides products across segments including socks and masks. Bags include backpack, school bag, portfolio bag, ladies bag, travel bag, stroller. While the special box includes jewelery box, watch box and combo.
Promoter holding increased by 11.52 percent to 74.91 percent in five years
In the last five years, the holding in the company has increased by 11.52 per cent to 74.91 per cent by buying shares from promoters in the range of Rs 144 to Rs 162. In which (1) In the year 2016-17, promoters bought 1,91,924 shares at an average price of Rs 121.12 per share. (2) In the year 2017-18, the company decided to buy back 21 lakh shares up to Rs 156 per share against the book value of Rs 83, but no shares were received in the buyback. (3) In the year 2021-22, the company bought back 20,00,000 shares from the open market at a price of Rs.144 to Rs.160 per share. (4) Promoters’ holding was 63.39 per cent in March 2017, it has increased to 74.91 per cent by September 2022. Thus, the promoters have increased their holding by 11.52 per cent, out of which 11,01,512 shares have been bought from the open market at an average price of Rs 154 per share with an investment of Rs 17 crore.
Investment Value of Rs 78 per share: The company has an investment of Rs 182 crore including mutual funds. The investment value per share according to the equity of the company is Rs 78.
Book Value: Rs 146 by Mar 2022 Expected Rs 157.75 by Mar 2023 Expected Rs 173.30 by Mar 2024
Financial Results: (1) Full Year April 2021 to March 2022 : Net Income up by 46.09 percent to Rs. 83.81 Crore to Rs. 122.44 Crore Net Profit Margin – NPM by 13.57 percent Net Profit up by Rs. 11.15 Crore to Rs. 48.25 Crore Percent to Rs. 16.53 Crore And EPS has increased from Rs 4.81 to Rs 7.14.
(2) First nine months April 2022 to December 2022: Net income up 74.28 percent to Rs 151.80 crore from Rs 87.10 crore Net profit margin-NPM up 12.45 percent to Rs 12.83 crore 47.15 percent up to Rs 18.88 crore Nine monthly earnings per share EPS increased from Rs 5.55 to Rs 8.16.
(3) Expected fourth quarter January 2023 to March 2023: Expected net income increased from Rs 41.31 crore to Rs 62 crore, NPM increased by 13.45 per cent, net profit increased from Rs 6.35 crore to Rs 8.37 crore. The stock is expected to rise to Rs 3.61 from Rs 2.74.
(4) Expected full year April 2022 to March 2023: Expected net income increased by 12.75 percent NPM from Rs 213.79 crore to Rs 122.44 crore, up 74.60 percent against expected net profit of Rs 16.53 crore. 64.85% growth to Rs 27.25 crore Earnings per share – EPS is expected to rise to Rs 11.77.
(5) Expected Full Year April 2023 to March 2024: Expected Net Income increased from Rs 213.79 Crore to Rs 266 Crore and Net Profit Margin-NPM increased to 13.54 percent from estimated Net Profit of Rs 27.25 Crore. .36 Cr is expected to earn an EPS of Rs 15.55 Cr.
Thus (1) The author has no investment in the shares of the above company. The authors may have direct or indirect personal vested interests in their research sources. Consult a qualified investment financial advisor before making any investment decision. The author, Gujarat Samachar or any other person will not be liable for any possible loss on investment. (2) The investment value of the company is Rs.78 per share. (3) Expected full year April 2022 to March 2023 expected EPS is Rs 11.77 and expected book value is Rs 157.75. (4) Expected Full Year April 2023 to March 2024 Expected Earnings – EPS of Rs 15.55 and Estimated Book Value of Rs 173.30 The stock is currently trading at Rs 186.65 at a P/E of 17.30. (5) Shree Leathers Ltd. should have a P/E of 25 while the leather industry average P/E is 60.
