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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:
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

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Comment pages: 789101112131415Show all

  1. MN Rao Says:
    August 5th, 2010
    Posted at: 10:54 pm

    Dear Sanjeev & Arvind,

    Selmcl B Cl 4-7th Aug. tomorrow last trading for the wk. if it vary between 42-37 or 37-42 it is a good buy. Monday onwards there may be reversal.


  2. SEL MCL Says:
    August 7th, 2010
    Posted at: 9:46 am

    dear MN RAO,
    what is the reason for reversal FOR SEL MCL


  3. CB Says:
    August 9th, 2010
    Posted at: 9:07 am

    Hi Hello, no. its a hold.


  4. bablu Says:
    August 11th, 2010
    Posted at: 11:02 pm

    dear CB, How Long to Hold ? i am suffering a 50% Loss...


  5. vinay Says:
    August 13th, 2010
    Posted at: 1:23 pm

    hi cb can i add more sel @ current parice for long term


  6. Mohit Says:
    August 23rd, 2010
    Posted at: 1:26 pm

    At last started moving.. :))


  7. DEV Says:
    August 26th, 2010
    Posted at: 11:14 am

    HI MAY I KNO ABT EMEMI INFRA I BOUGHT AT 84


  8. pratap Says:
    August 27th, 2010
    Posted at: 9:06 am

    hi,may i bought arvind at 42-43 for 3-4month time frame


  9. MohitRaj Says:
    August 30th, 2010
    Posted at: 10:53 am

    Company is good, Last two quarters were not as expected though... Stock is very reasonably priced... one can avg/accumulate at these levels..


  10. Stock Direct Says:
    September 3rd, 2010
    Posted at: 7:52 pm

    Is SEL still a buy or avoid.


  11. BIRMIS Says:
    September 4th, 2010
    Posted at: 9:51 am

    hi cb,any timeframe for selmcl target?


  12. CB Says:
    September 20th, 2010
    Posted at: 8:08 am

    sorry all. did not reply here earlier. continue to hold sel for some more time. after promoter selling it has come down quite a bit. fundamentally looks good. has been showing good profits. likely to recover back in med term.


  13. Vamsi Says:
    September 22nd, 2010
    Posted at: 11:04 am

    Is it right time ti average this share? Pls Suggest...


  14. raj Says:
    September 24th, 2010
    Posted at: 3:25 pm

    is SELMCL still a buy?


  15. Naveen Says:
    September 28th, 2010
    Posted at: 8:08 pm

    Hi There,

    I am new to this website and would like to seek your advise whether to enter SEL Manufacturing company at this levels. I would like to hold for a year if it really gives good results.


    Waiting for your advise.

    Note : Saw your earlier recommendations wich is appreciatiable.

    Regards,
    Naveen
    pnknaveen@rediffmail.com


  16. CB Says:
    September 30th, 2010
    Posted at: 12:35 am

    Hi Vamsi, no, dont avg it yet

    Hi raj, as of now in small quantity

    Hi Naveen, as of now one can enter in small quantity. likely to recover back in med term.

Comment pages:789101112131415Show all

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