AAKASHAYA PATRA EXCLUSIVE STOCK FOR INVESTMENT: 21.06.2020

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DOLLAR INDUSTRIES LTD

CMP 137 ENTRY 135 TO 130 STOPLOSS 100 TARGET 300++ TIME: 36 MONTHS


Dollar Industries Limited has become one of the leading brands in the hosiery sector with an enviable 15% market share and a significant percentage in textile exports of the total production in the Indian hosiery market. It has also made a noticeable presence across social media and e-commerce platforms. Dollar has extensively penetrated across 29 states in India.

Not only that, its products have also gone beyond the boundaries of the country and has emerged as the highest selling Indian innerwear brand in the UAE and the Middle East, marking its presence in places like Oman, Basra, Jordan, Qatar, Kuwait, Bahrain, Yemen, Iraq, Myanmar, Nepal, Nigeria and U.A.E. Having fused its position in Gulf countries the company is now assertively looking at the rest of the world with collections that promise to delineate the string. Dollar Industries is the only hosiery and knitwear company in India consisting of a fully integrated production unit. With special attention to environmental issues, the brand has opted for renewable energy practices and has invested in 5 MW of Wind Power and an effluent treatment plant with zero liquid discharge.

With an equity capital of Rs.11.34 crore and reserves of Rs.422 crore, DIL's share book value works out to Rs.76.35. The promoters hold 72.20% of the equity capital, mutual funds hold 6.91% which leaves 20.89% stake with the investing public.

For Q3FY20, DIL reported PAT of Rs.18.82 crore on higher sales of Rs.254.81 crore and an EPS of Rs.3.32. During 9MFY20, it reported PAT of Rs.45.60 crore on sales of Rs.731.65 crore and an EPS of Rs.7.96. On PAT front, it has reported 41.91% CAGR growth in last 3 years, 40.57% CAGR growth in last 5 years and 29.44% CAGR growth in last 10 years. It paid 85% dividend for FY19. Currently, the stock trades at a P/E of just 11.6x.

Its recent high rate was Rs.514.75 which was formed in January 2018. Stock almost corrected 73% from recent high.


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