Neo Corp International Ltd (NCIL) suggested on the blog on the 26th March 2015 Click here for the link came out with its financial results on 1st June 2015. Following is the summary of the results :
Particulars
|
FY 14-15 Q4
|
FY 13-14 Q4
|
% change
|
Sales
|
Rs 1357 Cr
|
Rs 984 Cr
|
38%
|
Net profit
|
Rs 45 Cr
|
Rs 30 Cr
|
50%
|
EPS
|
11.83
|
7.89
|
50%
|
As we can see above Neo has had another great year of 40%
topline growth. Neo witnessed a 50% growth in
bottomline after posting an increase in sales by 40%. This is a very hot sector
which has a very huge untapped potential in the world especially India. Neo
Corp is well equipped and ready to cater to the increasing demands for
technical textiles. NCIL is apparently available at approx. 40% of the book
value and trading at a PE which is 1/10th of the industry PE. It has
a long way to go northwards, stay invested.
Happy investing.
