SEL Manufacturing Company – Avoid
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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CB Says:
January 4th, 2010
Posted at: 9:48 am
Hi prasad, yes.
Raghavan Says:
January 4th, 2010
Posted at: 10:46 am
Hi CB. Thanks for the call. Bought them now. Let this be another big move. By the way, what is your opinion on earlier opening CB? Lot of people have varied ideas on it.
RAJIV Says:
January 4th, 2010
Posted at: 11:48 am
I want to invest in small cap for 1 month please advice me some shares.
ANIL PATIL Says:
January 4th, 2010
Posted at: 12:19 pm
Dear CB,
BOUGHT SEL IN MORNING AT AVERAGE 84.40,there is also Raymond which has started moving up in textile sector.Should I buy Raymond or buy more of SEL. I can hold for long term.
V D Says:
January 4th, 2010
Posted at: 12:48 pm
Hi Chirag,
first of all wishing u a very Happy New Year,
I am holding Tulsi 500 @ 82 cmp- 32.5, is it advisable to convert my holdings to SEL at cmp ??? or continue holding in Tulsi as it now moving from last 10 days ???
G10 Says:
January 4th, 2010
Posted at: 6:25 pm
Hi CB
what your view on SEL MFG for approx holding time & return?
Santhosh Kumar Says:
January 5th, 2010
Posted at: 9:20 am
Hi
Is it NSE:SELMCL ? Can i buy at CMP
maddy Says:
January 7th, 2010
Posted at: 11:07 am
Hi CB,
What would be the probable time frame to achieve the book values would that be close to a year ?
Dharmendra kumar Says:
January 7th, 2010
Posted at: 3:49 pm
Dear sir
when i get SELMCL rate 120
FROM.. Dharmendra kumar
( lucknoW)
sanjay mishra Says:
January 8th, 2010
Posted at: 1:41 pm
sir,plz suggest some small cap stocks for trading.
AMIT SHAW Says:
January 11th, 2010
Posted at: 10:27 am
sir i bought sel manufacturing 500 @ 88.10, can i do average if it comes down, kindly suggest
SANDEEP R J Says:
January 11th, 2010
Posted at: 10:43 am
I have bought 20000 shares of mrpl at 84.35 i need to hold this stock or sell this stock
CB Says:
January 12th, 2010
Posted at: 12:11 am
sorry guys, did see comments earlier..
it can see 120 in med term..
Hi sanjay mishra, as of now no new call
Hi AMIT SHAW, yes, if it seems some downside, avg it
Hi SANDEEP R J, its a hold.can see 88-90 in coming days.
Kartik Says:
January 12th, 2010
Posted at: 12:47 am
Hi RAJIV, you may enter BGIL Flims and Confidence petro for Long term
Hi V D, Happy new year, hold them for Short term, they can give good returns
Hi G10, you may enter it for 5-6 months time, it can see 130 levels
Hi Santhosh Kumar, yes, you may enter it for Short term
Hi maddy, around 5-6 months time
Hi Dharmendra kumar, it can see 120 in 2-3 months time
Jawad Says:
January 12th, 2010
Posted at: 10:42 am
Hi CB Sir, Can I enter Sel manufacturing at current levels
Harsh Says:
January 12th, 2010
Posted at: 1:11 pm
Hi CB, Me too looking to enter Sel Mfg. Suggest the right levels to enter. Thanks !!