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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Kartik Says:
January 12th, 2010
Posted at: 5:29 pm
Hi Jawad, yes, you may enter it for 5-6 months time
Hi Harsh, you may buy some at CMP and avg it out if it comes down
atul Says:
January 13th, 2010
Posted at: 12:07 am
Pls tell Me if if i can enter in TINPLATE ? pls also tell the Duration ??
atul Says:
January 13th, 2010
Posted at: 12:08 am
Can i Enter SEL Manu. @ CMP i.e 94 ? it has fallen RS. 2.60 today..
Kartik Says:
January 13th, 2010
Posted at: 12:16 am
Hi atul, yes, you may enter it for 5-6 months time, it can give good returns
rajan Says:
January 13th, 2010
Posted at: 2:24 pm
HI Can I buy SEL manufacturing at this label ? wht r u suggestting ?
Kranthi Says:
January 13th, 2010
Posted at: 2:28 pm
Hi rajan,
See Kartik Sir's reply in your above post.
rajan Says:
January 13th, 2010
Posted at: 2:29 pm
ok.. thanx for your suggestion kranthi...
sanjay mishra Says:
January 13th, 2010
Posted at: 3:36 pm
HI CB,
I HV 200 SHERES OF DISH TV @ 45.20 (AVREGE PRICE) WHAT SHALL I DO NOW EXIT OR HOLD.
WITH REGARDS.
JIGNESH Says:
January 13th, 2010
Posted at: 6:04 pm
HI CB/KARTIK IF MARKET CRASHES WHAT DOWNSIDE POSSIBLE IN SEL
rahul Says:
January 14th, 2010
Posted at: 11:21 pm
I hold GTL infra @ 43.80 And Martin Burn @ 44.50. What is thier future ?
rahul Says:
January 14th, 2010
Posted at: 11:24 pm
i Also hold Shimoga tech. @ 4.50 since 2 years...will i ever recover loss ? When ?
i hold Arvind product..any target ??
CB Says:
January 17th, 2010
Posted at: 2:29 am
Hi rajan, most welcome.
Hi sanjay mishra, its a hold..can see 55
Hi JIGNESH, around 90-92.. it has strong support there.
Hi rahul, they are a hold. look good for short term..can add 10%. not really sure about sigmoga..
pradeep Says:
January 17th, 2010
Posted at: 10:40 am
I CB,
I HV 1000 SHERES OF UCO BANK@ 57.50 (AVREGE PRICE) WHAT SHALL I DO NOW EXIT OR HOLD.
sanjay mishra Says:
January 18th, 2010
Posted at: 4:24 pm
hi cb,
i bought 2000 shares of FCS SOFT @ 15.90 TODAY. NOW I COME TO KNOW THAT
FCS BOARD HAS APPROVED BONUS SHARE. PLZ ADVISE AM I ABLE FOR BONUS
SHARE & ADVISE THE MEDIUM TERM TARGET FOR FCS SOFT.
WITH REGARDS.
harshit Says:
January 18th, 2010
Posted at: 6:24 pm
hello ......
anybody there?????
Silversurfer Says:
January 19th, 2010
Posted at: 9:42 am
Hi CB/Kartik,
I hold GMR Infra at an avg price of 73. The stock is seen moving in the bracket of 67-70.
Do u have any targets on this script??