Tuesday, November 27, 2012

Welspun - All Set to Go Up

Welspun Syntex Limited was established in 1983 and is the flagship company under the Welspun umbrella. Since its inception WSL. has grown manifold and today is amongst the largest manufacturers and exporters of Polyester Texturised Filament Yarn, Nylon Filament Yarn from India.

It has a very comprehensive portfolio of yarns. 

As of now, it is trading at a PE of  2.1 of the trailing 4 quarters and a book value of 0.43 of the book value. It went up as high as 16 Rs in the current month. Currently it is trading at around 13 Rs.

Long-term debt is a bit concern but if it continues with the current performance it can get it cleared from the Balance Sheet. But current, quick ratio and Interest coverage are very good and should not have any problem in near future. 

It has shown excellent improvement in top line and bottom line for Q2 and if it is able to continue the performance on the current line, it has a potential to double from current price. 

You can put it on your radar for investment for long term.

Current price :  13.05 Rs. 

Disclaimer: I am personally invested in this scrip.


Value stock Picker

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