Buy Bombay Dyeing & Manufacturing Company, target Rs 150.: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has a buy call on Bombay Dyeing & Manufacturing Company Ltd. with a target price of Rs 150. The current market price of Bombay Dyeing & Manufacturing Company Ltd. is Rs 129.4. Time period given by the analyst is Intra Day when Bombay Dyeing & Manufacturing Company Ltd. price can reach the defined target. Manas Jaiswal recommended to keep stoploss at Rs 120. Bombay Dyeing & Manufacturing Company Ltd., incorporated in 1879, is a midcap company with a market cap of Rs 2672.56 crore.

Bombay Dyeing & Manufacturing Company Ltd. key Products/Revenue Segments include Polyester Staple Fibres which contributed Rs 1502.81 Crore to Sales Value (55.80 % of Total Sales), Real Estate Development which contributed Rs 1110.18 Crore to Sales Value (41.22 % of Total Sales), Other Operating Revenue which contributed Rs 49.37 Crore to Sales Value (1.83 % of Total Sales), Lease Rentals which contributed Rs 30.39 Crore to Sales Value (1.12 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 31-12-2018, the company has reported a Standalone sales of Rs 413.32 Crore, down -50.36 % from last quarter Sales of Rs 832.62 Crore and down -33.33 % from last year same quarter Sales of Rs 619.93 Crore Company has reported net profit after tax of Rs -142.76 Crore in latest quarter. The company’s top management includes Dr.(Mrs.)Minnie Bodhanwala, Mr.A K Hirjee, Mr.Jehangir N Wadia, Mr.Keki M Elavia, Mr.Ness N Wadia, Mr.Nusli N Wadia, Mr.R A Shah, Mr.S Ragothaman, Mr.Sunil S Lalbhai, Mr.V K Jairath, Mrs.Gauri Kirloskar. Company has Bansi S. Mehta & Co. as its auditoRs As on 31-12-2018, the company has a total of 206,534,900 shares outstanding.