Company Paper

Gitanjali Gems Ltd. BUY CMP: Rs.118.00 Date: March 02, 2010 Key Ratios: Particulars OPM(%) NPM(%) ROE(%) ROCE(%) P/BV(x) P/E(x) EV/EBDITA(x) Debt-Equity(x) Key Data: Sector Face circular value 52 wk. High/Low Volume (2 wk. Avg.) mad cow disease inscribe Target Price: Rs.136.00 Market Cap.: Rs.9943.86mn. FY09 5.70 3.05 7.58 7.71 0.49 6.67 3.46 0.62 FY10E 6.07 2.73 8.43 10.65 0.44 5.31 2.37 0.63 FY11E 6.08 2.78 8.99 11.15 0.40 4.53 2.07 0.63 SYNOPSIS Gitanjali Gems is adept of the largest integrated adamant and jewellery manufacturers and retailers in India. The company became firstborn to produce the areas smallest heart shaped baseball diamond (0.03 carat) and developing virtually 25 patented facet patterns. Gitanjali Group, the jewellery maker and exporter, is homework to invest Rs 400 crore in conterminous 18 months for expanding its retail business in India and overseas markets. Gitanjali Gems on the whole owned subsidiary, Gitanjali lifestyle has decid ed to set up a joint gage company in India in collaborationism with Damas LLC, Dubai. The company, which currently has one hundred fifty stores across India, is training to increase it by three creese and double the one hundred forty outlets it owns in US, China and Middle-East. The companys Net gross revenue & PAT are expected to go at a CAGR of 18% & 8% over FY08 to FY11E. Gems & jewellery Rs.10.00 Rs.149.00/Rs.32.50 117000 532715 V.S.R.

Sastry Vice hot seat Equity Research Desk 91-22-25276077 vsrsastry@firstcallindiaequity.com Share retentiveness Pattern: Dr. V.V.L.N. Sastry Ph.D. chief(prenominal) Research Officer drsastry@firstcallindia.com 1 Table of conte ntedness contentedness 1. Investment Highl! ights 2. Company Profile 3. Peer Group opposite number 4. Key Concerns 5. Financials 6. Charts & Graph 7. Outlook and Conclusion 8. Industry Overview knave No. 03 08 10 10 11 13 15 16 2 Investment Highlights Q3 FY10 Results Update Gitanjali Gems reported a rise of 39.41% in consolidated net profit for the trace ended declension 2009. During the quarter, the profit of the company went up to Rs 406.42...If you motive to get a full essay, order it on our website: OrderEssay.net

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