Scrip: Suditi Industries
BSE Code: 521113
Cmp: 25.50 Face Value: 10
I have noticed a company named Suditi Industries in Textile Business. What I impressed most is that their unique way of business Expansion.
Last year they got Apparel Right in India of FIFA world cup 2014, after the success of that event they have bagged the apparel rights in India of many prestigious Premier league football Club that includes Real Madrid, Arsenal & Manchester City as well they are in talk with couple of more clubs.
By doing so they are aiming to find a new market segments as well as create a brand value of their Retail brand named “Riot”. They have around 15 retail outlets in India and tied up with many Retail Chains and online stores. If you read their last annual report we can understand that They are expecting 20 to 30% revenue growth in current fiscal year.
Apart from this I have noticed 75% of the company holding by promoters in that around 70% holding by Single promoter.
And for the dividend side last year they have given 0.50 Rs/Share dividend for 25% public share holders. Promoters haven’t taken any. That is showing management friendly attitude towards the minority retail share holders.
Iam Seeing a great future for this Company. Welcome Experts opinion on this Scrip.