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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. sachin Says:
    October 1st, 2010
    Posted at: 11:56 am

    I have some 100s of this share at Rs. 59.Is it fine to average it.


  2. CB Says:
    October 5th, 2010
    Posted at: 1:52 am

    Hi sachin, no, dont avg it yet. for now hold it.

    Hi billu, no, we are all on the same page here..


  3. SAM PATEL Says:
    October 18th, 2010
    Posted at: 2:59 pm

    Karuturi globsl
    any idea about karuturi's immediate future


  4. Sudhakar Says:
    October 18th, 2010
    Posted at: 3:43 pm

    CB,

    Please give me the future of FCS Software as well.

    Thanks,
    Sudhakar


  5. jason Says:
    October 21st, 2010
    Posted at: 12:27 am

    hi, how does the depository sale of receipts help the stock? Please advise


  6. CB Says:
    November 8th, 2010
    Posted at: 12:59 am

    Hi SAM PATEL, can see 38-40

    Hi Sudhakar, its a long term play. fundamentally looks good

    Hi jason, no, not sure about it

    Hi rahul, yes, its been going weak. finding some support at 40, if continues to hold onto it, can see a bounce in short term


  7. CB Says:
    November 8th, 2010
    Posted at: 8:39 pm

    Hi Name (required), no, dont avg unless promoters start buying back shares again. for now its a hold.


  8. Sumit Says:
    November 10th, 2010
    Posted at: 3:04 am

    Hi CB but what abt the Sel textile IPO once that news starts popping again this stock will move like anything...


  9. Vyas Says:
    November 10th, 2010
    Posted at: 3:31 pm

    Today SEL is at 38, whts ur call can v average it out


  10. CB Says:
    November 10th, 2010
    Posted at: 4:30 pm

    Hi Sumit, yes, not sure when the news would be out

    Hi Vyas, no, dont avg it yet

    Hi pravallika, not yet.


  11. Nishant Says:
    November 12th, 2010
    Posted at: 7:56 pm

    HI CB,

    Can i but sel manufacture at CMP?


  12. CB Says:
    November 12th, 2010
    Posted at: 9:22 pm

    Hi Nishant, no, not yet


  13. Kavitha Says:
    November 16th, 2010
    Posted at: 1:28 pm

    hi CB, Do u think Sel Man is a good hold still ? I am at a considerable loss and do I need to average i ?. If yes, at what levels ? Pls. guide


  14. Sanjeev Says:
    November 19th, 2010
    Posted at: 10:42 am

    Hi Cb, gudmorning sel is turning into penny stock but i'm holding it firmly as i invested with long term view. When gud time will come for sel & balmer.


  15. Manish Says:
    November 24th, 2010
    Posted at: 9:14 am

    CB, sel@30 do you think it's time to avg it now.


  16. CB Says:
    November 24th, 2010
    Posted at: 9:16 am

    Hi Kavitha, no, dont avg it now. need to hold it longer

    Hi Sanjeev, yes. once promoters start buying back again, should do well

    Hi Manish, no, dont avg yet.

Comment pages:789101112131415Show all

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