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*AAKASHAYA PATRA EXCLUSIVE STOCK FOR INVESTMENT:* 24.05.2020
SINGER INDIA LTD
CMP 24 ENTRY 22 TO 21 STOPLOSS 18 TARGET 40++ TIME: 18 MONTHS


10 years CAGR sales growth 21.36%
10 years CAGR PAT growth 27.29%

Singer is the pioneer in the sewing machine industry in India under the renowned "SINGER" and "MERRITT" brands. Singer commenced operations
in India more than a century ago. Today Singer also sells many categories of home appliances with over 10,000 sales points including showrooms, a wide wholesale distribution network and a very strong after sales service network Pan India. The company's sewing machines comprise zigzag, electronic,embroidery, straight stitch, and industrial machines. It also offers sewing machine accessories, such as scissors, sewing machine heads, oil, and sewing machine needles. In addition, the company manufactures and trades domestic electrothermic appliances, domestic non-electric cooking and heating equipment,and other domestic appliances, such as irons and steam irons, food processors, mixer,toaster, kettles, desert coolers, etc. Singer India is 59.07% owned by Retail Holdings (India) B.V. (former name Singer India B.V.), The Netherlands and the shares of the Company are publicly traded in BSE.

It has an equity base of just Rs.10.74 crore that is supported by reserves of around Rs.48.80 crore. The Foreign Promoters hold 59.07%, HNI S Shyam hold 5.04% while the investing public holds 35.89% stake in the company.During Q3FY20, SINGER posted 22% higher PAT of Rs.4.06 crore on sales of Rs.124.19 crore fetching an EPS of Rs.0.76. During 9MFY20, it reported PAT of Rs.7.05 crore on sales of Rs.349.59 crore fetching an EPS of Rs.1.31. At CMP stock is trading at PE ratio of 13.7x. It has paid 40% dividend for FY19.Its recent high rate was Rs.66 which was formed in April 2018. Stock almost corrected 64 % from recent high.

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