BUY EASTERN SILK INDUSTRIES Ltd. At 13.5/- With target of 19/- & 25/-

BUY EASTERN SILK INDUSTRIES Ltd. At 13.5/- With target of 19/- & 25/-

EASTERN SILK INDUSTRIES Ltd. Trading in BSE (Code: 590022) & NSE (Code: EASTSILK) at 13.5/-in B Group. Target 19/- & 25/- for short term and Medium Term. Safe Investment at 13/ current market situation Because Company Stock Value is very good at 13.5/- Good Dividend Giving Company; Every Year 45% Dividend giving and EPS 2.7/- Company having Good reserves; Book Value at 49/- and Good Land Bank; Company EPS for 2008-09 was 3/- and Estimated EPS for 2009-10 is 3.5/-.

EASTERN SILK INDUSTRIES Ltd., Trading in BSE (Code: 590022) & NSE (Code: EASTSILK) at 13.5 /- in B Group. Daily accumulating company circle people. And Daily grabbing with Mumbai BIG BIG Bulls also because of Now stock is available at very very cheep price at 13.5/- Annual EPS 2.7/- for 2008-2009, . And Company Estimated EPS for 2009-10 is 3.5/-, As per this EPS PE only 4; Narmally in worst condition also PE will at 10 for this Industry for good group. If we take 10 PE It will go Rs. 35/- +++. Its very good promoters giving 45% dividend every year.

Expansion Plans to drive volumes :The company is starting a new plant worth INR 800mn in Bangalore which should be operational from July 2009. This will surge the total production capacity of silk yarn and fabrics

Good Land Bank in Karnataka and WestBangal (Per share 65/- Land). Company Having good Reserves per share 49/-. Strong Fundamentals. Good Valuable Stock at 13.5/-.

Book Value 49/-; EPS 2.5/- for 2008-09 and Estimating EPS for this year 2009-10 is 3.5/-. Company Given Net profit of 21 Crores for the year 2008-09 with 535 Crores Turnover. Equity 15 Cores.

Share Holding Pattern:
Promoters Holding 49%, Private Corporates 19% , Public only 27% and Others 5%
EASTERN SILK INDUSTRIES Ltd doing very good, The Kolkata based Eastern Silk Industries Limted is a company with multifaceted business activities. The list of activities Manufacture of Silk Yarn; Fabric & Made-Ups; Home Furnishings; Fashion Fabrics; Handloom Fabrics; Double Width Fabrics; Scarves, Laces & Belts; Embroidered Fabrics .

The present net worth of the company is about Rs 359 crores and it employs over 20,000 people directly or indirectly.

In the year 1958, the export house embarked on its overseas business, with an export turnover of Rs 0.5 lacs. As on date, the export turnover stands at a voluminous figure of Rs 482 crores in the year 2007-2008.

An added glitter in its crown is the number of awards that the company has bagged over the years from various Export Promotion Councils, such as:

- HANDLOOM EXPORT PROMOTION COUNCIL
- INDIAN SILK EXPORT PROMOTION COUNCIL
- CENTRAL SILK BOARD
- MINISTRY OF COMMERCE

The company has been recognized as “Golden Star Trading House” by the Government of India. In the area of self sufficiency the in house Research Wing has successfully developed a technology indigenously of Fast Color printing on fabrics that is the basic need for selling in the overseas market.

Modernization and adoption of new technology has been the watchword of the company down the years.

In this back drop, the company is planning to increase its export performance, commensurate to the extent of quantum increase in total Indian Export, which is likely to cross Rs. 500 crores by 2008-2009.

Company having Plants at West Bengal and Karnataka having good Land Bank.

Possitive Points for this stock for Up moving:

1) Company doing very good; EPS 3.5/- Expecting for 2009-10;.
2) Mumbai Bulls and Operators are accumulating at current price. Because Company Strong Fundamentals.
3) Company having Good Land Bank in West Bangal and Karnataka (Per Share 65/-) and Company having Good Reserves 49/- Per share.
4) Book Value at 49/- and Good Dividend paying Company; Every year 45%.
5) Company given very good results EPS 2.7/- PE only 5 for this year 2008-09;
6) Company Projected EPS for 2009-2010 is 3.5/-as per this PE just 4
7) Equity is very small at 15Crores. Good Promoters Holding
Lot of expansion plans in Coming soon.
9) company is starting a new plant worth INR 800mn in Bangalore which should be operational from July 2009. Expansion results will come next Quarter.
10) Very good future for this company