Store One Retail....a good bet for long?

Store One Retail India Ltd

Generally I invest in reputed compounding stocks only, but from a screening test and moneycontrol MB, I have spotted this share. The fundamentals : (at CMP 34.70 on NSE):

(from moneycontrol website, copy pasted)

MARKET CAP (RS CR) 94.94

P/E 4.09

BOOK VALUE (RS) 52.71

DIV (%) 0.00%

INDUSTRY P/E 40.73

EPS (TTM) 8.42

P/C 2.64

PRICE/BOOK 0.65

FACE VALUE (RS) 10.00

From the company website - (copy pasted from https://www.storeone.in/)

Welcome to Store One, a chain of multi brand stores that recently came alive in the bustling metropolises of Pune and Nagpur. Presenting leading designer brands and design infused products. It creates a very creditable retail mix of Indian designer prêt by leading names like Monisha bajaj, Hemant Lecoanet, Ritu Kumar, leading global brands like s.Oliver, Alcott, Boggi, Disney, & beauty & lifestyle brands & many more. It allows its patrons the luxury of space, offering an uncluttered array of hand-picked merchandize that are intelligent in price points. A friendly environment, calming music, stylish displays and lots to browse around, It gives you enough reason to get lost for hours within its premises.

Results now : (https://www.hdfcsec.com/News/NewsDetails.aspx?NewsID=770214)

Net profit of Store One Retail India declined 46.26% to Rs 5.39 crore in the quarter ended March 2015 as against Rs 10.03 crore during the previous quarter ended March 2014. Sales rose 22.06% to Rs 35.25 crore in the quarter ended March 2015 as against Rs 28.88 crore during the previous quarter ended March 2014.

What is your view on this scrip purely on valuation?

 

@stockWisdom If you look at it's website bottom left side, you would realize it is from the Indiabulls group

 

I had posted this on 27 June; do you think that the time has come to look at it??

I am now buying Future Consumer Ent.......what is your view?

 

I am not sure about any of these companies.I don't have any view in particular

 

both fcel and storeone india -fundamentally good, well established mgmt.

Still one thing to watch future expansion plans from mgmt..... to take a call.


However i bought 100units of storeone today @50, watching since @37 last week -upmove of 13 done.

 

AS PER SCREENER.IN this scrip cons: tax doesnt get paid till date, elseworth good fundamental pick

 

I feel that STORE ONE may be accumulated @ 53 now and on down side for long term

 

Yesterday done 58

 

FCEL is consolidating

 

@darth it was me who noticed valueguyz.

 

@stockWisdom---- You had rightly spotted the stock at the right time.Congrats.We some how missed to enter. I feel its better to enter even now for long term.

 

It still was an excellent opportunity if @w4wealth post about valueguyz was look into. Upwards of 50% return in about 2.5 months or so.

@w4wealth - good find. Helped me make some money. That guy is a bit filmy but hey who cares if one makes some trading money on his reco's.

 

Store one UC @64.50

 

iam filmy for villains.
but treaat tho banta he friend @darth

 

darth make sure u book you profits.

 

I expect STORE ONE to reach levels of 125-130 in reasonable time

 

Treaat to banti hai... Kyun nahin. Afterall I wouldnt have stumbled upon StoreOne had you not highlighted valueguyz. Always give 'credit' where it is due. And so thank you once again. But indulging in mutual admiration- just for the sake of it, its quite downmarket for me.

Oh btw you do realise my Id is the name of one of the top three 'film' villians of all times.

 

at consrvative estimate??

 

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Technically speaking..!

 

EXCELLENT NUMBERS FROM STOREONE... Should soon see new highs..(cmp 61.50)