Hello @roysavio: As EPS has increased even after the number of shares gone up by equity dilution then that’s good right(company earned more net profit as it is divided by more no. of shares outstanding)—anyway, equity dilution is not good actually but as we know the textiles sectors is very capital intensive sectors, many companies have high equity and also debt is more compared to other sectors like Pharma/Auto.
In past competition from China was huge in this sector as they had cheaper labor than India but as we know the labor cost has gone up in China and that is one of the reason China’s product price has gone up and India is getting advantage—–this is sector is set to do well specially the packaging area where our Neo has great innovative solution in Geotech, Packtech etc….this is a big proxy for India’s growth story and these products are eco friendly and well accepted by players worldwide.
Discussed regarding sales growth and debt growth rate in above post, please have a look.
| Subscribe To Our Free Newsletter |
