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 cite value 52 wk. High/Low Volume (2 wk. Avg.) bovine spongiform encephalitis 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 wizard of the largest integrated adamant and jewelry manufacturers and retailers in India. The company became premiere to produce the areas smallest heart shaped rhomb (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 beside 18 months for expanding its retail business in India and overseas markets. Gitanjali Gems all told owned subsidiary, Gitanjali lifestyle has decided to set up a joint gage company in India in collaboration 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 sales & 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 chairperson Equity Research Desk 91-22-25276077 vsrsastry@firstcallindiaequity.com Share retentiveness Pattern: Dr. V.V.L.N. Sastry Ph.D. of import Research Officer drsastry@firstcallindia.com 1 Table of contentedness content 1. Investment Highlights 2. Company Profile 3. Peer Group comparison 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 conso lidated net profit for the shit ended decl! ension 2009. During the quarter, the profit of the company went up to Rs 406.42...If you loss to get a full essay, order it on our website: OrderCustomPaper.com

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