small cap Rocket Stock Buy RELAXO FOOTWEARS LTD
BSE Code : 530517
Record-breaking growth rate:
Relaxo has experienced a record-breaking growth rate of 4800% within the last 10 years! From a modest sale of around Rs. 1 million in the year 77-78, it has today crossed the Rs. 2000 million+ figure.
Relaxo is Second largest footwear company in India
Relaxo has ventured into home, casual, sports and school wear. Currently, it has 4 footwear categories, namely, Hawaii, Casual, Joggers, and Schoolmate.
CMP: Rs 195.50
Group / Index : S
Face value : 5.00
52-Week high (20 November 09) 220.35
52-Week low (24 February 09) 24.00
Market Cap (Rs cr) 235
Volume 16 Feb 2010: 2414.00
Sales have increased From Rs 948.9 million to 1346 Million in Dec Quarter 2009 YOY
Net Profit has increased From Rs 7.71 million to Rs 78.6 million in Dec Quarter YOY
EPS Trailing 4 Quarters is Rs 28.8
PE at Current Value is 6.8 which is quite low Considering the Sales and net profit growth
Free Float (%) 25.00
FII holding 0.00
ROCE(%) 23.63
price is Range Bound Since 16 Nov 2009 Between 220 on upper side and 166 on Lower Side.
Verdict : Buy any Dip below 170
Since this is a low Vol stock and we are recommending for Investors,So no Stop loss is recommended.use any stop loss which suits your risk apatite.
target Rs 240 in 1 Year
Likely upside ( minimum) 25 %
iam retailer of ur product and i wish to be a distributer of the same