During the weekend, I was going through turn around companies. The following company captured my attention:
Store One Retail India Ltd.
Store One Retail India is a chain of multi-brand stores including Allen Solly, Van Heusen etc. It is an upcoming brand in the luxury & lifestyle retail sector.
The company belongs to Indiabulls group of companies.
2011: 3.2 Crores
2012: 51 Crores
2013: 89 Crores
2011: –35 Crores (Loss)
2012: 12 Crores (Profit)
2013: 38 Crores (Profit)
Increase in Promoter Holdings
Increase in Promoter Holdings to 70%
PE Ratio around 2.2
Quoting around Book Value
Book Value is 38 & Current Market Price is 37
Current Liabilities within Range
Current Liabilities around 31 Crores
Latest Sales is 90 Crores
Considering the Sales, Latest Net Profit figure, the Current Liabilities can be paid within 3 Years
Border of Midcap
Capitalization is around 90 Crores & thus playing in the border of Midcap (100 Crores)
Nine Criterias of Value Investing
From the house of Indiabulls
- Alleged for Fraud
- Vice President of IB Securities was arrested
- Bad Image in the mind of Consumers through high interest rates from IB Financial Services
Considering the latest green figures, promoters holding percentage, I perceive the stock as a Potential Multibagger. Will declare it in www.futurecaps.com once ensuring further aspects.