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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:
Sri Lanka

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.

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

Comment pages: 789101112131415Show all

  1. MN Rao Says:
    July 7th, 2010
    Posted at: 5:04 am

    Hi Kishore,

    it is a good buy in this dip

  2. SEL MCL Says:
    July 12th, 2010
    Posted at: 3:00 pm

    do not short nifty till i update here
    follow me to get profits
    nifty to touch 5700....

  3. trdr Says:
    July 14th, 2010
    Posted at: 5:38 pm


  4. RajdeepT Says:
    July 14th, 2010
    Posted at: 10:55 pm

    Buy ACC July F @ 803-807; Target 820-830 SL 800
    SHORT SUNTV July F @ 438-435; Target 430-25; SL 444

  5. Vamsi Says:
    July 15th, 2010
    Posted at: 5:49 pm

    Hi Karthik,
    Any targets for SEL.. will it atleast reach 70???
    I heard some equity diluting is happening which will effect all of its current fundamentals.
    Any revised target based on current happenings??

  6. SEL HOLDER Says:
    July 19th, 2010
    Posted at: 7:09 pm

    Sel Manufacturing Company Limited has informed the Exchange that the Company has started the implementation of the first phase of its expansion plans i.e. Spinning Unit in the State of Madhya Pradesh. The site for the said unit is located at Dist. Sehore in the State of Madhya Pradesh. Recently the inauguration ceremony for the same was presided over by the Honble Chief Minister of Madhya Prasdesh Sh. Shivraj Singh Chauhan.

  7. raj Says:
    July 23rd, 2010
    Posted at: 2:53 pm

    Hi CB, SEll is below 50 is it a good bet to enter now for a target of 75??

  8. Yezdani Says:
    July 26th, 2010
    Posted at: 7:47 pm

    Hi karthik,
    I have Srinivasa Hatcheries Ltd. at 115 what I have to do Hold it or book Loss

  9. Ritu Kallani Says:
    July 27th, 2010
    Posted at: 9:42 pm

    hi ..
    Can I enter this scrip at current level for long term investment????plz advice..

  10. Mohit Says:
    July 28th, 2010
    Posted at: 7:32 am

    Hi CB,
    I am holding SMCL @70... Promoters holdings are going down.... Is there any thing wrong in this company... any targets fro this scrip for next 3 months..

    [source moneycontrol] -
    Promoters` holding reduced from 38.67% in March quarter to 19.45% in June quarter.... E.P.S. came down from 10.62 in June 2009 quarter to 4.08 in June 2010 quarter;

  11. vj Says:
    July 28th, 2010
    Posted at: 7:02 pm

    i brough today at 48.20 rate.

    what is tg you are expecting now??? from cmp

    for coming 3months

    i got news that selmcl soon giving bonus of 1:1 is that ture.

    pls let me know your tg for short term and long term.


  12. Vamsi Says:
    July 28th, 2010
    Posted at: 8:12 pm

    Hi Karthik/CB

    Why are you people not replying??
    Whats future of SEL Manufacturing??
    Its breaking 52 week lows day by day??
    Any revised targets??
    Please provide your inputs.

  13. MN Rao Says:
    July 28th, 2010
    Posted at: 10:02 pm

    Dear KartiK/CB and Investors,

    For SEL MCL call given 0n 3rd Jan 2010, CMP:84.25, BV:166/- PE:2.47 Eq:24 crs 1st Qrtr results 27-07-10, CMP:47.4, BV:116, EPS:4, PE:3 annualised, EQ:60.35 crs.
    1. Proposal for increase of authorised capital from 75crs to 250crs.
    2. to raise funds upto US$200 million.
    3. 09-03-2009 low price is Rs.37/-; with this information I believe still the fundementals are good for long term (6 - 12 months)

  14. dilshad Says:
    August 4th, 2010
    Posted at: 3:02 pm

    can i buy sel manufacturing@cmp?? what will be holding period and target??

  15. Aravind Says:
    August 5th, 2010
    Posted at: 11:40 am

    yes, its a good buy on every dip in SELMCL.... As Sir, M N Rao have given the some info about the company.... for any investor there is saying "Buy on the cannons, Sell on the trumpets"....

  16. sanjeev Says:
    August 5th, 2010
    Posted at: 3:17 pm

    Hi CB, why sel is going down day by day. where it will stop? making huge loss in it

Comment pages:789101112131415Show all

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