GUPTA SYNTH

PRICE: 160
EPS:40-50
TARGET:350
EQUITY:JUSS 1.5 CRS







incorporated in 1984. gupta synth was promoted by the renowned gupta group of companies which had a wide n varied exp of over two decades in the manufacture of polyester yarn apart frm texturising, twisting, sizing, dyeing of yarns n processing of fabrics
the group is known in textile circles for their business acumen n techno savvy attitude, which has helped them in charting consistent growth even under unfavourable conditions.its world class facilities arelocated in silvasssa and surat.the company has gone for expansion which will be completed by april 2006.





Sales
Q2 04-05 = 32%
Q3 04-05 = 533%
Q4 04-05 = 243%
Q1 05-06 = 780%
Operating Profit
Q2 04-05 = 38%
Q3 04-05 = 263%
Q4 04-05 = 515%
Q1 05-06 = 702%
Gross Profit
Q2 04-05 = 67%
Q3 04-05 = 91%
Q4 04-05 = 477%
Q1 05-06 = 489%
Net Profit
Q2 04-05 = 110%
Q3 04-05 = 36%
Q4 04-05 = 888%
Q1 05-06 = 520%



Company is performing at full capacity and is achieving constant growth on y-o-y basis
Last full year EPS is Rs.18.71
Current year Q1 Basic EPS is Rs.16.31
Full year EPS is expected to be a minimum of Rs.30 after dilution n for 07 rs.40
Presently trades @ Rs.140/- at a P/E multiple of only 8 on 04-05 earnings and only 3.75 times discounting the projected 05-06 earnings.
Can be accumulated aggressively to double with a one-year perspective