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Market Information

SEL Manufacturing Company – Avoid

Posted on: January 3rd, 2010 at 6:04 pm

Avoid Fresh Investments in this stock.

Current market price: 84.25, Long term target: 168.50. Book value: 166.63. P/E ratio: 2.47

SEL manufacturing company are the manufacturers, exporters of all types of knitted garments. They have in house spinning, knitting, dyeing, Finishing and Garmenting to meet the demand of price conscious and quality conscious market. They do all types of knitted products. Their basic Products include T-shirts, Polo shirt, Sweat shirt, Boxer shorts, Girls top etc. They make 30-35 thousand garments daily.

R S Saluja Group was established in the year 1969 for manufacturing ready-made garments for Domestic Market. Over the year’s company grown to a Pioneer position in exports, supplying yarns, fabrics and garments to major markets in Russia and Middle East. At present Company have FOUR state of the art garmenting units, one knitting unit and complete state of the art processing house and 50000 spindles cotton yarn spinning.

Strong competencies in product development, manufacturing and marketing, are complimented by their most significant advantage in textiles that they make their own yarns and fabrics to meet quality and shipment time of Garments. Their group-wide initiatives to achieve manufacturing and supply chain excellence, close collaboration with their suppliers, and sales offices at the customer’s doorstep all guarantee fast and flexible solutions.

With decades of expertise and excellence of meeting the discerning needs of niche client’s world wide, SEL Manufacturing Company Ltd. has laid out ambitious plans of product capacity augmentation to continue its proud contributions in the world of premium quality cotton – yarn, fabrics and garments.

Some of their prominent markets are:
Taiwan
Peru
Tunisia
Morocco
Brazil
Turkey
Bangladesh
Russia
China
Singapore
Malasiya
Sri Lanka
Colombia
Spain
Egypt
Switzerland
Germany
Syria
Greece
Gautemala
Hongkong
U.K.
Indonesia
Portugal
Italy
USA
Phillipines
Israel
Korea
Vietnam
Lebanon
Mauritius
Dubai
Argentina

World Class Knitted Fabrics
SEL Manufacturing Company Ltd is investing in high-end fabric manufacture in knitted fabrics. The Company has 75 knitting machines including Terrot Autostriper knitting machines capable of knitting jersey and auto-stripe patterns.
The Company is augmenting its Knitting capacity to 350 tones a month by procuring latest machines to meet the future requirements of garment capacity in-house
To meet the challenges of ever growing demand for quality processed fabrics they are setting up a additional 6 tones / day dyeing capacity with mercerizing, open width with Stenter, capable to produce best quality knitted fabric for our growing in house consumption.

Garmenting:
State of the art Garment manufacturing facilities at 4 strategic locations makes SEL Manufacturing Company Ltd backed up by own spinning and knitting makes us Customer’s choice who looks for Large supplies and short lead time. At present they are producing 600,000 pcs per month.

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237 Responses

{ ADD YOUR OWN }
Comment pages: 789101112131415Show all

  1. Vamsi Says:
    May 1st, 2011
    Posted at: 11:00 pm

    Enter at 9 again...keep entering fro every 50 percent fall....


  2. Garments Finishing Equipments Manufacturers Says:
    June 8th, 2011
    Posted at: 11:24 am

    Sunrise Garment Machinery undertakes to translate technological developments in design and process innovations to answer the customer expectations. Garments finishing equipments manufacturers, Industrial Washing Machine Supplies India.
    http://www.sunrisegmpl.com/enter.htm


  3. kumar Says:
    August 23rd, 2011
    Posted at: 1:37 pm

    Hey CB.. what happend to this script. I bought 500 shares at 45/- now trading at 11/-.
    What is your recomendation? can I buy at this price?
    How much time it will take to reach around 50/- levels??

    I have Birla Power Solutions too at 2/- and trading at 65 paisa.
    Any info / advice about Birla Power Solutions??

    Thanks in advance.


  4. CB Says:
    August 23rd, 2011
    Posted at: 1:38 pm

    Hi kumar, not really sure why this weakness. hold for now. don't exit yet. birla power is fundamentally ok. hold it for med/ long term. once smallcaps start moving, it will recover.


  5. kumar Says:
    August 25th, 2011
    Posted at: 11:45 am

    Thanks CB... and can i buy selmcl at 12/- for averaging ??


  6. Forex Methods Says:
    September 3rd, 2012
    Posted at: 9:02 pm

    Hello, Neat post. There is a problem along with your site in internet explorer, could test this? IE still is the market chief and a large component to other folks will miss your excellent writing due to this problem.


  7. Kiran Says:
    September 10th, 2012
    Posted at: 3:55 pm

    Dear CB, Could you please brief about SEL? Where is it headed to? Is it OK to average it out now?


  8. CB Says:
    September 10th, 2012
    Posted at: 4:33 pm

    Hi Kiran, no, avoid adding more of it for now

    Hi kumar, no, not yet


  9. sameer devnath Says:
    November 22nd, 2012
    Posted at: 5:12 pm

    Hi CB is there more downside in SEL after4.40


  10. Neetu Says:
    January 8th, 2013
    Posted at: 5:36 pm

    Hi CB, I have 500 SEL manu @78 what do you think hold ya exit. daily new low.

    My friend is small invester .. he asked which stock best for 1 year . can i suggest this stock.. plz suggest


  11. shyamal Says:
    February 21st, 2014
    Posted at: 3:13 pm

    tata steel 373 we seen some rally 385,389


  12. kiran Says:
    April 2nd, 2017
    Posted at: 9:22 pm

    How about investing in this stock now?


  13. CB Says:
    April 3rd, 2017
    Posted at: 8:00 am

    Hi kiran, No, best to avoid it.

Comment pages:789101112131415Show all

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