ASHAPURA INTIMATES FASHION

This company manufactures intimate –loungewear garments, under the brand name of Valentine. It has chalked itself an aggressive growth plan and seems to be on a store opening spree; its target is 200 Valentine loungewear retail showrooms all over India within 3 years on franchise basis. The company has MOUs with online shopping sites like Myntra, Jabong/ Home Shop 18 and own website. The company had gone public in March 2013, offering shares at Rs.40/share and was listed on the SME exchange of BSE. Just recently, 2nd Dec’15 to be precise, the company got listed on the NSE. Today, the stock is traded at Rs.250 levels, indicating a superb gain since its listing in 2013.

On the financial front, the company has done well. For Q2Fy16, on a flat net sales  of Rs.51 crore, up 2% (YoY), the company’s EBITDA came in at Rs.8 crore, up 23%. Net profit was at Rs.3.6 crore. The good news here – H1FY16 net profit is at Rs.7 crore, which is 78% of FY15 net profit of Rs.9 crore. With two more quarters to go, clearly, it will end current fiscal on a much better note. Debt is at around Rs.50 crore and market cap is at Rs.500 crore.