Dear senior boarders recently came across a microcap stock by name riba textiles which is mainly in to making terry towels of various types who claim to be fully integrated, www.ribatextiles.com briefly explains their products and their clientile base… recently they came with a stunning set of results with eps of 2.95 rupees for the q4 and and 4.45 rupees for the whole year, they have been reducing debt every quarter with increasing sales… http://www.bseindia.com/corporates/anndet_new.aspx?newsid=a7eeabab-dca7-4de1-a465-eb481f087f1a
above is link for q4 results… I Kindly request all senior boarders to scrutinize the stock and point if there are any alarm bells… thanks again and waiting your valuable response
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Receivables to Current asset is : 55.61% this days 55% of their current assts is yet to be received. ROE is low. Except this looks good. Especially cash flow front
Nice of you sir… receivables are quite high which we expect them to trim in days to come with increasing operational efficiency… They have a expansion likely in 2018 for which they can use maximum portion of 16 acres of already available land, so its going to be only plant and machinery cost… recently they have expanded their product range from jacquered towels, to various yarn dyed, piece dyed terry towels, tufted bathroom mats, and bath robes which are premium bath accessories… they seem to be owning brands like casa fina, duex fils, hardcastle Leeds u k, Jamaican Jax, notting hill and pashmina cotton… above things are quite a few informations available in the public domain, views from senior boarders with a different point of view regarding the same is highly appreciated… expecting replies please…