Monday, October 26, 2009

Sarup tanneries ltd (BSE code 514412)


Dear Kaushik Sir,
Do you have any view on this stock Sarup Tanneries.They have high book value and dividend paying.
They also had started some real estate development with MGF
Regards ask by shri Sankar kumar
1. Sarup tanneries ltd (BSE code 514412) is a Leather Footwear company related to BSE group S shares.
2. This share is very low volume share near about less then 2000 share traded per day.
3. Promoters holding in sarup tanneries ltd are 74.36 percent is good because we like more than 60 percent promoter holding.
4. Book value of sarup tanneries ltd is 73.22 so currently share traded below his book value.
5. Sarup tanneries ltd have a net loss of -4.96 million in June 2009 quarter.
6. This share give 12 percent dividend per year since 2005 and I think downside is limited in this type of stock. Year low of this share is 21
7. Debt /equity ratio is 0.44, normal not very high.
8. This is not very attractive stock for me but quite good share for holding not for trading.
THIS ANALYSIS IS MAHESH CHANDER KAUSHIK OPINION ONLY NOT A PROFESSIONAL ADVICE SO READ DISCLAIMER BEFORE TAKE ANY ACTION.

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