Motilal Oswal has issued a comprehensive research report on Arvind Ltd. ARVND has an enviable brand portfolio comprising of in-house and licensed brands, with names like Flying Machine, Arrow, Tommy Hilfiger, Lee, Wrangler, US Polo, Izod, Gant, New Port, Excalibur etc. Arvind is on the verge of a turnaround and its’ margins will increase from 5.4% in FY13 to 12% by FY16 says Motilal Oswal. The RoCE is expected to improve from 14.5% in FY14E to 19% in FY16E and RoE from 14.2% in FY14E to 18.5% in FY16E, driven by an improvement in margins and reduction in capex intensity in the business. Arvind has a target price of Rs. 215, implying a gain of 46% from the CMP of Rs. 147.
Incidentally, Renuka Ramnath of Multiples Equity bought a lot of 98 lakh shares of Arvind at Rs. 149 per share by investing Rs. 146 crore on 01.01.2014
To the best of my knowledge, couple of brands mentioned in the first para of article do not belong to Arvind. For e.g. Park Avenue (is of Raymond) and Van Heusen (is of Adity Birla Nuvo – Madura Coats).
Yes, you are right. I have changed the para to read “ARVND has an enviable brand portfolio comprising of in-house and licensed brands, with names like Flying Machine, Arrow, Tommy Hilfiger, Lee, Wrangler, US Polo, Izod, Gant, New Port, Excalibur etc” which is what the report says. Thanks for pointing it out.
NON PERFORMING ASSETS HAS BEEN A MAJOR CONCERN FOR BANKS AND RBI > stock analysts have also expressed dismay and alarms at rising NPA levels of some banks in India >
banks with npa levels below 2.50% can be termed healthy >
NPA RATIO BELOW : 2 . 5 0 % , IS SIGN OF HEALTHY ASSET QUALITY ,
WHICH BANKS HAVE N P A BELOW 2.50 % ? ?
under 2.50 % the npa is easily manageable , MANAGABLE LEVEL OF NPA if it is under 2 . 5 0 % >
STATE BANK OF INDIA ( SBI ) HAS A NPA RATIO OF 5.56% , ( 5 . 5 6 % ) >
PNB has a ratio of 4.84 % , , central bank of india = 3 . 8 5 % , , ICICI BANK ( i c i c i ) = 3.60 % , >
UCO bank = 5.58 % ( u c o ) , , state bank of mysore = 5 . 6 1 % , >
GROSS NPA RATIO ABOVE 5% IS ALARMING , > more than 5 % should ring alarm bells >
here is a list of banks which Stock ANALYSTS & INVESTORS can BANK on :
yes bank
hdfc bank
indusind bank
axis bank
kotak mahindra bank
ing vysya bank I n g
karur vysya bank
city union bank
south indian bank
jammu & kashmir bank
bank of maharashtra
corporation bank
syndicate bank
canara bank
bank of baroda
dena bank
With Regards ,
SABYASACHI MITRA ,
BARASAT , KOLKATA – 7 0 0 1 2 4 , 700124 . ,
# + 9 1 9 9 0 3 0 0 6 1 4 5 = 09903006145 =
+ 91 9 9 0 3 0 0 6 1 4 5 . ,