This is the footware co. Exporting in USA, UK, Frnace, Germani and other european country in this business to well renown world brand like Allen cooper, PAN acea, TAO safety, footfary, and so many. The EPS for the first half stood 16.73 against 13.82 Y0Y basis. This co. has good expertise in making safety shoes meeting criteria for european and froeign safety standards. It also supplies safety shoes to middle east industry. The stock is undervalued and book value of Rs. 177/share and expected EPS for the FY-15 is 37 availalble at PE of 6.7 against industry PE of 35 for the target of 350 + medium to long term.
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