I think the present price is a good level to enter Orbit Exports. They are able to improve their margins due to lower raw material cost and cost cutting measures. Going forward they should be able to maintain the margins. They are also taking measures to avoid over dependence on few customers. According to an analyst report they have pricing power. They sell at $4 what Italians sell for 40 euros (China is not strong in fashion design area). Pankaj Seth the promoter says that they are a bottomline-focussed company not really interested in selling more fabric for the sake of records. Please do your analysis and take a call.
Discl: I am invested from 330 levels
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